With this, Deepak Kumar, nominated by the government as the RBI nominee director, ceases to be a director on the board with effect from Friday, the lender added.
Commerce and Industry Minister Piyush Goyal said called on domestic businesses to look at ways and means to support each other in manufacturing and promote local firms like companies do in South Korea and Japan.
The Enforcement Directorate (ED) today said a competent authority under the Foreign Exchange Management Act (FEMA) has seized Rs 288 crore funds of a “Chinese-owned” non-banking financial company (NBFC).