HDFC Bank’s board has approved Kaizad Bharucha’s reappointment as deputy managing director. This reappointment is for a three-year term and requires approval from the Reserve Bank of India. Bharucha has a long association with the bank, joining in 1995. He plays a key role in strategic direction across various banking segments.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs