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.
Last week, the combined market valuation of 6 of the top 10 most valued firms declined by Rs 94,433.12 crore. BSE benchmark tumbled 742.74 points or 0.90 per cent.
The Indian stock market witnessed strong positive momentum this week, helping nine of the country’s ten most valued companies collectively add Rs 1,00,850.96 crore to their market capitalisation.
Notably, Lilavati sought regulatory action and criminal prosecution against the bank’s top executive over an alleged financial fraud.
The agency expects the non-performing loan (NPL) ratio to stay between 2 to 3 per cent over the next year.
In the last week, the combined market valuation of eight of the top 10 most valued firms eroded by Rs 1,60,314.48 crore.
