HDFC Bank has presented two candidates to the RBI for the upcoming role of managing director and CEO. The board has also sanctioned the promotion of Jimmy Tata to executive director while seeking an extension for V Srinivasa Rangan. This move will elevate the count of whole-time directors to four, enhancing oversight across its subsidiaries. Final approval for these transitions now lies with the Reserve Bank of India.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/kGNUt6P
Sebi has put forth new proposals aimed at modifying the Closing Auction Session timings and derivatives pricing. Following the recent launch of the session, traders have noted an uptick in market volatility. The regulator is evaluating two potential options for determining derivative settlement prices, suggesting a shift in market timings to include a transition break and longer trading intervals. Feedback on these proposals is requested by October 3.
As Forex Reserves Swell To All-Time High Of $786Bn, RBI Announces Sale Of 1L Cr Bonds
The Maharashtra Real Estate Regulatory Authority has directed the developer to refund the amounts paid, along with applicable interest, after noting that the project remained incomplete and its registration had lapsed without an extension.
Pandey Reiterates There Is No Going Back On CAS System
