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Unathi Kamlana appointed head of financial regulator


Unathi Kamlana appointed head of financial regulator
Kamlana will head the Financial Sector Conduct Authority with his new deputy Astrid Ludin, the Treasury has announced
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22 April 2021 - 15:10 Linda Ensor
Senior Reserve Bank official Unathi Kamlana has been appointed commissioner of the regulatory authority for the financial sector by finance minister Tito Mboweni.
He will head the Financial Sector Conduct Authority (FSCA) for a period of five years. Mboweni has also appointed Astrid Ludin as deputy commissioner for a five-year term, saying in a media statement on Thursday that the two positions “are crucial in contributing towards the integrity of financial markets and institutions, and the fair treatment of customers by such institutions”. ....

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Welcome To IANS Live - LatestNews - Yellen vows to tackle climate change

Welcome To IANS Live - LatestNews - Yellen vows to tackle climate change
ianslive.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ianslive.in Daily Mail and Mail on Sunday newspapers.

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South Africa's FirstRand to exit India after 12 years


South Africa’s FirstRand to exit India after 12 years
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The news was broken to FirstRand staff via a video conference on Tuesday. In response to a query from ET India CEO Rohit Wahi shared a statement confirming the shut down of its only branch in Mumbai and a retreat into a limited representative office. The move is likely to impact at least 50 jobs in India.
Agencies
The bank s net NPAs had risen to 5.18% of loans in fiscal ended March 2019 from next to nothing in March 2018.
FirstRand Bank, South Africa s second largest bank with $118 billion in assets is the latest foreign bank to completely exit India ending almost 12 years of trying to build a local franchise in the country. ....

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