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IDBI Bank CEO MK Jain Appointed As Deputy Governor of RBI et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jun 4, 2018 1:22 PM 1 min read
Editorial

End of Day Wrap-up (Monday / June 04, 2018) #IDBI #RBI #Softbank #badloan #ICICI #Italy #UniCredit #Microsoft #Github #Transfin

Editor's comment: Government appoints MK Jain as deputy governor of the Reserve Bank of India, filling a position which has been vacant since August 2017.

 

SoftBank Group elevates its Vision Fund chief executive officer Rajeev Misra to executive vice president of the board of directors. Places him as potential successor to the Tokyo-based company’s founder Masayoshi Son. 

 

Govt considers merger of at least four state-run banks, incl Bank of Baroda, IDBI Bank, Oriental Bank of Commerce and Central Bank of India, triggered by rising bad loans. If the plan goes through, the merged entity will become the second-largest bank in the country after State Bank of India, with combined assets of INR16.58 lakh crore

 

ICICI Bank begins search to replace chairman M.K. Sharma, as he steps down this month. Bank of Baroda chairman and managing director MD Mallya is set to be front-runner to succeed Sharma.

 

Italy’s biggest bank UniCredit likely to merge with French rival Société Générale in a bold move that would see two of Europe’s big banks join forces, leading the way for an expected round of banking mergers on the continent.

 

Microsoft to acquire GitHub, world’s largest coding platform for $7.5bn. Acquisition to empower developers, accelerate GitHub’s growth and advance Microsoft services with new audiences.