SBI expects to have 7.5% of domestic loans in the green sector by 2030
The State Bank of India (SBI), the country's largest lender, plans to provide at least 7.5% of its domestic loans to the green energy sector by 2030 as part of its effort to make India carbon neutral.
SEBI Warning to ICICI Bank on I-Sec Investor Outreach
The capital market regulator, the Securities and Exchange Board of India (SEBI), has criticised ICICI Bank’s ‘outreach programme’ related to the delisting of ICICI Securities (I-Sec).
RBI penalties have increased by 88% in three years; KYC and AML top the list
Over the past three years, penalties imposed by the Reserve Bank of India (RBI) on financial institutions have surged by 88%, with Know Your Customer (KYC) and Anti-Money Laundering (AML) violations being the most common.
Blue Dart Express Appoints Vandana Aggarwal as Independent Director
On June 6, 2024 the Board of Directors of Blue Dart Express Limited appointed Dr. Vandana Aggarwal as an Independent Director for a period of five years with effect from July 23, 2024.
Eli Lilly’s Anat Ashkenazi to be new CFO of Google and Alphabet
Anat Ashkenazi will be the new CFO and SVP of Google and Alphabet, effective July 31. Ruth Porat, the long-serving CFO, will remain with the company however she will assume a new role as the President and Chief Investment Officer of Alphabet and Google announced in July 2023.
Aditya Birla Money Appoints Sharadkumar Bhatia as Independent Director
The Board of Directors of Aditya Birla Money Limited has approved the appointment of Sharadkumar Bhatia as an ‘Additional Director’ in the category of Non-Executive, Independent Director with effect from July 1, 2024.
Chief Digital Officer Deepa Ranjeet assumes the role of CIO of MMFSL to comply with RBI Direction
Deepa Ranjeet, Chief Digital Officer, Financial Services Sector, Senior Management Personnel (SMP) and Head of IT Function of Mahindra & Mahindra Financial Services Limited is directly taking over the responsibilities of CIO with effect from June 5 2024.
Endurance Technologies Appoints R. S. Raja Gopal Sastry as CFO
Endurance Technologies Limited has appointed R. S. Raja Gopal Sastry as Group Chief Financial Officer with effect from June 6, 2024.
SPARC’s CFO Chetan Rajpara Resigns, Anup Rathi Takes Over
The Board of Directors of Sun Pharma Advanced Research Company Limited (SPARC) has appointed Anup Rathi as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) with effect from June 6, 2024.
Nisaba Godrej Quits V.I.P. Industries’ Board due to “differing view”
Nisaba Godrej has tendered her resignation as an Independent Director of V.I.P. Industries Limited, with effect from June 3, 2024.
