Yes Bank shares, which rose as much as 3.5 percent earlier in the session, reversed course to close 6.4 percent lower
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The final recommendation for the CEO post will be submitted to the Reserve Bank of India (RBI) after the next board meeting on Jan. 9, 2019, the bank said in a statement
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The bank had received prior approval from the RBI for opening the new branches
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The appointment however raises questions whether the RBI will manage to exercise independence it’s expected to
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Kotak Mutual Fund stays positive with respect to the equity market in India for the year 2018 and expect a better outcome in 2019
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Berkshire Hathaway may invest in the lender by buying promoter stake or through a preferential allotment
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Central bank maintained status quo on all key policy rates in the fifth bi-monthly monetary policy review
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In 2017, ADB operations totalled $32.2 billion, including $11.9 billion in co-financing
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