The RBI has approved the appointment of former Economic Affairs Secretary, Atanu Chakraborty, as the part time chairman and additional independent director of the private sector lender HDFC Bank.
The new notification of RBI allows commercial banks to pay dividends not more than 50 percent of the amount determined as per the dividend payout ratio prescribed.
Rekha M Menon has been appointed as the Chairperson of the National Association of Software and Services Companies (NASSCOM), the apex IT industry body, for 2021-22.
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