Byju Raveendran, Kunal Bahl and 26 others nominated to National Startup Advisory Council
The council was set up in 2020 to advise the government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country.
The council was set up in 2020 to advise the government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country.
Uday Kotak is one of the few longest-serving CEOs in the private sector banking space, helming Kotak Mahindra Bank since 2003.
The idea of a bad bank keeps on re-surfacing every three-four years when stressed assets in the banking sector moves northward.
Kotak acknowledged that poor corporate governance and excessive leverage haunted Indian industry in the past.
RBI said that the benefit and intention of the moratorium given to the borrowers facing the heat of coronavirus were to provide a brief interlude in payment pressures.
T V Narendran, CEO and MD of Tata Steel, has been appointed as the President-Designate of CII for 2020-21.
In January, the bank said the RBI had agreed to its proposal to reduce promoters' stake to 26 per cent from then 29.9 per cent over the next six months, which is June.
The sale will help Uday to bring down his stake in the country's fourth largest private sector lender to the RBI-mandated 26 per cent.
On Tuesday, bank’s shares ended at Rs 1,152.45, down 0.67% on the BSE.
A firm believer in formal banking systems, eminent banker Uday Kotak feels gold is the only alternative currency that has…
