June 1, 2025
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Tag: cfo india

State Financial institution of India to promote billion stake in Sure Financial institution to Japan’s SMBC, ETCFO

State Financial institution of India to promote $1 billion stake in Sure Financial institution to Japan’s SMBC, ETCFO

Newz Baba01 mins

State Financial institution of India will divest a 13.19% stake in personal lender Sure Financial institution to Japan’s Sumitomo Mitsui Banking Company (SMBC) for 88.89 billion rupees ($1.04 billion), it mentioned on Friday. SMBC, owned by Sumitomo Mitsui Monetary Group, has been in discussions with Sure Financial institution’s largest investor, State Financial institution of India,…

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HDFC Financial institution eyes market-aligned mortgage progress in FY26, targets pre-merger CD ratio by FY27: CFO, ETCFO

HDFC Financial institution eyes market-aligned mortgage progress in FY26, targets pre-merger CD ratio by FY27: CFO, ETCFO

Newz Baba07 mins

Srinivas Vaidyanathan, CFO, HDFC Financial institution India’s largest private-sector lender, HDFC Financial institution, is working in direction of a return to pre-merger monetary parameters, with a renewed give attention to deposit-led progress, secure margins, and calibrated capital deployment. Talking on the financial institution’s This autumn FY25 earnings name, Chief Monetary Officer Srinivasan Vaidyanathan outlined the…

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Canara Financial institution appoints Amit Mittal as Group CFO for three-year time period, ETCFO

Canara Financial institution appoints Amit Mittal as Group CFO for three-year time period, ETCFO

Newz Baba02 mins

Canara Financial institution has appointed Amit Mittal as its Group Chief Monetary Officer (CFO), efficient March 25, 2025. The appointment is for a interval of three years or till additional orders, the general public sector lender stated in a regulatory submitting to the inventory exchanges on Friday. Mittal, 49, is a Chartered Accountant and has…

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Vijay Mallya to hunt reduction, claims ED and banks recovered twice the debt owed, ETCFO

Vijay Mallya to hunt reduction, claims ED and banks recovered twice the debt owed, ETCFO

Newz Baba05 mins

Fugitive businessman Vijay Mallya has claimed that he’ll search authorized reduction over what he perceives because the Enforcement Directorate (ED) and banks recovering greater than twice the quantity of the debt he owed. His feedback adopted an announcement by Finance Minister Nirmala Sitharaman in Parliament concerning the restoration of over Rs 14,130 crore from belongings…

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Over 5,000 startups shut amid funding woes, however job development continues: Commerce Ministry, ETCFO

Over 5,000 startups shut amid funding woes, however job development continues: Commerce Ministry, ETCFO

Newz Baba03 mins

India’s startup sector, lengthy celebrated for its innovation and job creation, has seen a regarding rise in closures. In accordance with authorities information greater than 5,000 startups registered underneath the Startup India initiative have shut down, accounting for 3.3% of the 1.52 lakh startups acknowledged by the Division for Promotion of Business and Inner Commerce…

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