Ashu Khullar, Citi’s India chief, is appointed as the global co-head of GAM, based in London, and will oversee EMEA and Asia. K Balasubramanian will succeed him as India’s CEO, pending RBI approval. During Khullar’s tenure, Citi’s revenue grew significantly, reflecting his effective leadership.
Central Bank’s OFS draws 1.28x subscription
The government’s offer to sell its stake in Central Bank of India saw strong investor interest. The two-day issue closed on Monday with an overall