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Following Manian's exit, the Wholesale, Commercial and Private Bank will now report directly to Vaswani, while the Asset Reconstruction Division will report to Shanti Ekambaram, Deputy Managing Director.
The Nifty Put Call ratio (PCR), which indicates the mood of the equity market, dropped sharply to 0.68 on December 20, from 1.13 levels in the previous session. This indicates increase in bullish sentiment
South Indian Bank's stock soared by almost 11% as it prepares to submit shortlisted candidates for the appointment of new MD and CEO to the Reserve Bank of India. The move follows several key changes made in management, which have led to a target price upgrade from brokerage Geojit.
In a major reshuffle, the Punjab government on Tuesday shifted 113 police officers, including 19 Indian Police Services officers, with immediate effect.
In wake of a BJP lawmaker's suggestion that he should take a brief rest, Karnataka Chief Minister Basavaraj Bommai on Tuesday said that he had the energy and inspiration to work tirelessly without rest all 365 days of the year.