Business and Finance Updates

Rakesh Sharma, The New Head of IDBI Bank

Rakesh Sharma has been appointed as the MD and CEO of IDBI Bank for six months by the government on October 5, 2018.

Chanda Kochhar Quits as ICICI Bank MD and CEO

The board of directors of ICICI Bank accepted Chanda Kochhar's request for early retirement, with immediate effect on October 4, 2018.

Mukesh Ambani, Richest Indian

The Forbes India Rich List 2018 has featured Mukesh Ambani as the richest Indian for 11 consecutive years. The chairman of Reliance Industries has a net worth of USD 47.3 billion and is also the biggest gainer this year with an increased wealth of USD 9.3 billion.

ATM Withdrawal Limit Reduced by SBI

The State Bank of India brought down its daily withdrawal from Rs. 40,000 to Rs. 20,000. This will be effective from October 31, 2018.

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