IndusInd Bank net profit for the quarter ended June 2013 rose by 42% to Rs334.84 crore on account of higher fee income and interest income from loan growth.
A weaker currency is a national tariff. After we get a weaker currency, we have to take advantage of that.
Chopra and Srinivasan were appointed as non-independent directors as they were recommended by Rana Kapoor, co-founder and the current chief of YES Bank.
Madhu Kapur, the wife of late Ashok Kapur co-founder of Yes Bank on Monday challenged the process and appointment of six directors on the bank board.
Madhu Kapur alleges the foreign lender waived off loan given to Rana Kapoor, but her late husband had to repay a loan by selling shares in 2007.
"We have been present in India since 1999 and we also have strong presence in all the countries, from where NRIs send money to their families in India."
Rana Kapoor-led YES Bank on Monday told the Bombay High Court that only a living person has the right to nominate directors, in response to the plea filed by Madhu Kapur.
Private sector lender Yes Bank's board has declined to nominate Shagun Gogia as a nominee director, a development that is set to prolong the bitter tussle between the promoter families.
Shagun Kapur Gogia, who has staked her claim on the YES Bank board, may face a technical hurdle.
Harkirat Singh had quit the venture abruptly in April 2003, following differences with Rabo Bank on who would be the executive leader of the venture.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon