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The CEO will be responsible for formulating business strategies, acquisition of bad loans, engaging with lenders selling assets and also portfolio monitoring. The CEO will also responsible for fundraising, coordination with IDRCL and regulatory and risk compliance according to the advertisement.

The move follows pleas by Ukrainian President Volodmyr Zelenskyy to U.S. and Western officials to cut off the imports, which had been a glaring omission the massive sanctions put in place on Russia over the invasion. Energy exports have kept a steady influx of cash flowing to Russia despite otherwise severe restrictions on its financial sector.

Rao said though spends have decreased month on month the bank is still seeing an increase in book size quarter on quarter and new tie ups will help the bank increase spending. The bank has tied up with PayTm and Equitas Bank to issue co branded cards after the ban was lifted. ICICI has a tie up with Amazon whereas Axis Bank has a tie up with Flipkart to issue co branded credit cards.

Leading trade bodies said small-budget weddings are being postponed as families are waiting for gold prices to cool off. This trend is more visible in South India, where gold is an integral part of the wedding.

The feature called UPI123Pay will offer payments through IVR Number, app functionality in feature phones, missed call-based transactions and sound-based payments. The Central bank also announced the rollout of a 24x7 helpline for digital payments called DigiSaathi.

The Arbitration Act has a cap of ₹30 lakh on arbitration fees to be charged in a single matter. Senior advocate Abhishek Manu Singhvi, representing engineering firm Afcons in a dispute with ONGC under arbitration, said this cap translated into a measly ₹30,000 as fees per sitting if 100 such sittings were required to resolve the issue.

The NSE recently invited applications for the post of MD and CEO. Limaye is eligible for another term of five years but regulations require incumbents to re-apply for the position.

Tatas have been in talks for some time with global investors, including some sovereign and pension money managers, to fund its digital foray.

The LME, which clears all trading of its metals contracts, said on Friday it was raising margin requirements for nickel contracts by 12.5% to $2,250 a tonne. The extra charge kicks in at close of business on Tuesday, March 8.

Prices for Brent crude are up more than 30% since the invasion began, while nickel prices doubled on Tuesday – a move that appeared to have been exacerbated by a Chinese firm covering bets against the metal and reducing its exposure to costly margin calls.