Syndicate Bank said TK Srivastava has assumed charge as bank's executive director on September 1. Prior to joining Syndicate Bank, Srivastava was general manager of Union Bank of India, the bank said.
‘Fund-raising via QIP hits 3-mth low in July’
Amid sluggish market conditions, fund raising by Indian companies through issue of shares to institutional investors hit a three-month low of R918 crore in July. According to latest data available with Sebi, funds garnered by companies declined to R918 crore through qualified institutional placement (QIP) route in July from R1,066 crore mopped up in the preceding month.