- Anup Bagchi new ICICI Securities Chief
- Bank of India, SBI raise overseas funds
- Anil Ambani group urges lcai discretion
Anup Bagchi new ICICI Securities Chief
The ICICI group on Thursday said Anup Bagchi will replace Madhabi PuriBuch as the managing director and chief executive officer of its brokerage unit, ICICI Securities Ltd (ISec), with effect from 1 May, while the incumbent will move to ICICI Bank Ltd. Madhabi PuriBuch will move to ICICI Bank, effective the same date. Bagchi, is currently an executive director with ISec.
Bank of India, SBI raise overseas funds
Public sector lender Bank of India on Thursday said it has raised bonds worth $750 million (around `3,420 crore) in two tranches from international markets. The first tranche of the bond, amounting $250 million matures in five years, while the second tranche is of a total of $500 million and matures in 10 years.
“Bank of India is also the first ever Indian public sector bank to tap the 10year segment of the curve”, the lender said in a statement. The issue was oversubscribed almost four times, the statement said, adding that the bonds were priced at 235 basis points over five year US US
Meanwhile, PTI reported that State Bank of India
Anil Ambani group urges lcai discretion
The Reliance group, controlled by Anil Ambani, which saw its market capitalization erode significantly on Wednesday, urged the Institute of Chartered Accountants of India (Icai) to be more discreet in comments to the media that could have an impact on shares.
“We would urge discretion to be maintained by a professional body like Icai, especially in relation to pricesensi tive comments and observations to the media”, Reliance group managing direc tor Gautam Doshi told reporters and analysts at a conference call.
Doshi also criticized what he said was the “distorted reporting in a section of the media, attributing certain observations to Icai”.