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Reserve Bank of India has extended Prashant Kumar's tenure as Yes Bank CEO. He will continue until a successor is found. The extension is effective from October 6, 2025. Kumar's leadership began in March 2020. During his term, Yes Bank's deposits and retail advances grew significantly. The bank also improved its asset quality under his guidance.
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Liz Kendall tries to ease the impact of planned benefits cuts as Labour MPs consider rebelling.
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Escalating Israel-Iran tensions sent Indian markets reeling, with the Sensex and Nifty 50 plummeting. Bucking the trend, shipping stocks soared on rising crude prices and container rate expectations. Jubilant Ingrevia rallied after a significant block deal, while defense stocks gained amid conflict concerns. Realty shares and Jubilant Foodworks also saw increases due to sector activity and stake offloading, respectively.
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