Niraj Mittal will be responsible for scaling up business with institutional banking clients by driving both new client acquisition and deepening existing relationships, the bank said in a statement here today.
While food inflation during the month hit its lowest level since January 2012, fuel inflation has been lowest since October 2009.
The Royal Bank of Scotland NV has bought 1.15 lakh equity shares of PFL Infotech at Rs 420.93 a share on Friday. The share rose 0.5%, to close at Rs 420.70 on the BSE.
India's GDP for the fourth quarter (January-March) grew 7.8%, compared with 8.2% in the third quarter. A CNBC-TV18 poll had forecast the growth at 8.27%. For the fiscal 2010-11, GDP grew 8.5%, compared to 8% last year. (CNBC-TV18 poll predicted it at 8.4%).
Indranil Pan, Chief Economist, Kotak Mahindra Bank and Gaurav Kapur, Senior Economist, Royal Bank of Scotland NV spoke briefly about the IIP data, and the probability of further rate hike by the apex bank