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Finance Yandra Haragopal, former NABCONS MD, appointed Managing Director of NABFINS
The Hindu BusinessLine reported that Yandra Haragopal has been appointed Managing Director of NABFINS, a NABARD arm based in Bengaluru. Haragopal previously served as MD of NABCON/NABCONS for over two and a half years. NABFINS provides affordable financial services and cash-flow-based credit to low-income groups.
Finance HDFC Board Imposes Rs 1 Lakh Fine on MD, CFO Over Extra Payout to Maharashtra PSU
HDFC Bank's board imposed a Rs 1 lakh penalty each on MD & CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan, and group head Arvind Vohra for 'business overreach' in deposit deals with Maharashtra State Road Development Corporation. The board found no mala fide intent but issued warning letters, in an action seen as unprecedented and aligned with RBI's push for stronger board oversight.
Finance HDFC Bank Board Imposes Rs 1 Lakh Penalty Each on MD, CFO, Group Head in MSRDC Case
HDFC Bank's board imposed a Rs 1 lakh penalty each on its MD & CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan, and Group Head (Retail Assets) Arvind Vohra for divergence from RBI directions in the MSRDC matter. The bank also issued warning letters to other employees involved in mobilising large deposits between 2017 and 2021.
Business Brajesh Kumar Singh Takes Helm as MD & CEO of Canara Bank
Brajesh Kumar Singh has been appointed as the Managing Director and CEO of Canara Bank, effective until April 2029. With over 30 years of experience, Singh aims to drive digital transformation and enhance customer experience.