Latest news with #B.P.Kanungo
Business Standard
17-06-2025
- Business
- Business Standard
IIFL Finance appoints former RBI deputy governor B.P. Kanungo as independent director
IIFL Finance has announced the appointment of B.P. Kanungo, former deputy governor of the Reserve Bank of India (RBI), as an independent director on its board. Kanungo brings with him nearly four decades of distinguished service at the RBI, marked by his deep expertise across key areas of central bankingspanning currency management, foreign exchange regulation, payment and settlement systems, debt and reserve management, IT governance, financial inclusion, and consumer protection. As Deputy Governor of the RBI from 2017 to 2021, Shri Kanungo was a member of the Monetary Policy Committee and played a pivotal role in shaping Indias modern monetary and regulatory landscape. Over the years, he also served as Regional Director of the RBI in multiple states including Rajasthan, West Bengal, Sikkim, Madhya Pradesh, and Chhattisgarh, and held the position of Banking Ombudsman. Post his tenure at the RBI, Kanungo served as director at the Centre for Advanced Financial Research and Learning (CAFRAL)an RBI-promoted institution dedicated to research in macroeconomics and finance and the leadership development of financial sector executives. Nirmal Jain, founder of IIFL Group and managing director of IIFL Finance, said: We are honoured to welcome Shri B.P. Kanungo to our board. His exceptional expertise in regulation, governance, and financial systems will add valuable depth to our board deliberations. IIFL Finance Limited, along with its subsidiaries IIFL Home Finance and IIFL Samasta Finance, is a leading retail-focused NBFC offering diversified loan products, including home, gold, MSME, microfinance, and capital market finance. The company has a network of 4,906 branches and a customer base of over 8 million.
Mint
17-06-2025
- Business
- Mint
Stocks to watch: Zee Entertainment, NTPC, Reliance Industries, Biocon among shares in focus today
The Board of Directors of Zee Entertainment Enterprises (ZEE) has given the green light to issue up to 16.95 crore fully convertible warrants to entities belonging to the promoter group on a preferential basis, priced at ₹ 132 per warrant, with the aim of raising ₹ 2,237.44 crore. The state-owned power giant has announced that its board will meet on June 21, 2025, to consider a proposal to raise up to ₹ 18,000 crore through bond issuance, according to a filing with the stock exchanges on Monday. The company stated that its board of directors has given the green light to a share buyback plan valued at up to ₹ 175 crore. A Mumbai-based non-banking financial company announced today, June 16, the appointment of B. P. Kanungo, former deputy governor of the Reserve Bank of India, as an independent director on its board. Mukesh Ambani's Reliance Industries (RIL) offloaded 85 lakh shares of Asian Paints, India's largest paint manufacturer, through a block deal valued at ₹ 1,876 crore. Biocon has initiated its qualified institutional placement (QIP) to raise ₹ 4,500 crore, setting the floor price at ₹ 340.20 per share in accordance with Sebi's pricing guidelines. Macrotech Developers has officially changed its name to Lodha Developers, effective June 16, following approval from the Ministry of Corporate Affairs (MCA). Hyundai Motor India commenced production of passenger vehicle engines at its Talegaon plant in Maharashtra on June 16. The private sector bank stated that it has received the Reserve Bank of India's (RBI) approval to reappoint Sandeep Batra as its executive director. The company stated that its board of directors has given the green light to a proposal for renaming the company as Jindal Steel Limited, pending required approvals from shareholders and regulatory authorities. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
