The bank has tapped Vikram Sahu, currently head of its global equity research, to succeed Nakhate as the India country head, the memo shows. Sahu will relocate from New York in the second quarter.
With 1.4 billion population, India needs to be self-sufficient in agriculture.
CNBC-TV18 celebrates Daan Utsav and brings some of the top corporates and their social responsibility initiatives. Watch accompanying video of Kaku Nakhate of Bank of America Merrill Lynch highlighting the importance of giving back to the society.
A December US Fed rate hike looks certain she says. Janet has also hinted at two other rate hikes in 2017, she adds.
The shareholders of both Grasim and AB Nuvo will be given shares is the biggest upside of the merger, says Kaku Nakhate, Country Head, Bank of America India.
In an interview with CNBC-TV18, Kaku Nakhate discussed her expectations for the Union Budget said that the markets are going through a cycle where demand is there but it will take time for capacities to catch up.