Russia-Ukraine tensions: Banks see minimal impact on biz, trade financing
The Commercial Indo Bank, a joint venture between public-sector State Bank of India (SBI) and Canara Bank, is the only Indian bank with a presence in Russia with a small balance sheet of $100 million. Trade between India and Russia is also miniscule at just above $8 billion. All these factors are helping bankers relax even as the crisis in Ukraine has turned worse.
Chanda Kochhar moves Bombay HC against ICICI Bank, claiming retirement duesKochhar submitted in the Bombay High Court that ICICI Bank reneged from its contractual commitments and cannot terminate a person who has already retired. As per people in the know, the stock options due to Kochhar could run into over Rs 1,000 crore at current market value.
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