BoB profit up, bank expects to keep credit costs in control
The rise in other income made up for the tepid growth in net interest income (NII) which is the main income the bank earns by giving loans. NII increased 2% to Rs 7566 crore largely as cost of deposits fell to 3.52% in September 2021 from 3.99% a year ago and covered up for a 6% fall in total interest earned.
Rajeev Srivastava appointed as CEO of Standard Chartered SecuritiesRajeev Srivastava joins SCSI from HDFC Securities where he was heading the products and business development functions of the organisation. Before that, he was associated with Reliance Securities as chief business officer, leading their brokerage and distribution business. He has also worked with ICICI Bank in its private banking division.
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