On Monday, the bank announced the appointment of KVS Manian as joint managing director and Shanti Ekambaram as deputy managing director with effect from March 1, 2024. Both were seen as internal candidates for the CEO position. Before this appointment, there were news reports that KVS Manian was in the fray for the CEO position at Federal Bank, where the incumbent isn t getting the regulatory nod for another term.
Speculations have begun about a possible overhaul within state Congress after AICC reshuffled state in-charges. Party workers are demanding for a tribal or OBC face at the helm ahead of next year’s Lok Sabha and assembly elections. Stay updated with the latest news on speculations and rejig in state Congress.
Allcargo Group s decision to restructure its domestic and international businesses into separate companies is expected to streamline synergies and manpower and infrastructure costs
Both roles were already transitioned six months ago to Varun Jain, as COO India, and, Gautam Swaroop, as CEO OYO Vacation Homes, respectively, the company said.