Rajiv Kumar’s journey: From Chief Election Commissioner to HDFC Bank’s part-time Chairman
HDFC Bank has appointed former Chief Election Commissioner and Finance Secretary Rajiv Kumar as part-time non-executive chairman.
HDFC Bank has appointed former Chief Election Commissioner and Finance Secretary Rajiv Kumar as part-time non-executive chairman.
Aroop Biswas has raised an apprehension that unauthorised persons may misuse signed cheques and sought status quo until a competent authority resolves the matter.
The combined market valuation of eight of the country's top-10 most valued companies surged by Rs 1.90 trillion last week, with ICICI Bank emerging as the biggest gainer, adding Rs 56,223 crore to take its valuation to Rs 9,61,297.77 crore.
During the morning session, the banking stock came down by 2.27 per cent to ₹761.25 apiece on the BSE. At 2:30 p.m., the stock was trading at ₹759.25, marking a decline of 2.52 per cent on the exchange.
HDFC Bank, State Bank of India, Canara Bank and Punjab National Bank were among the major laggards, declining up to 3 per cent.
RBI has approved a transition plan at HDFC Bank after its chairman stepped down, while investors reacted sharply, pushing the stock lower during Thursday’s trading session.
Last week, the combined market valuation of eight of the top-10 most-valued firms eroded by Rs 2,81,581.53 crore.
The combined market valuation of eight of the top 10 valued firms spiked by Rs 4.55 trillion last week. In the list, Reliance Industries emerged as the biggest winner.
The combined market valuation of nine of the top 10 most valued firms slumped by Rs 2.51 lakh crore last week.
SBI's market valuation jumped Rs 39,045.51 crore to Rs 9,62,107.27 crore, becoming the biggest gainer, while Infosys surged Rs 31,014.59 crore to Rs 7,01,889.59 crore.
