Bandhan Bank strengthens senior management
Kolkata: Private lender Bandhan Bank, which reported a net profit of Rs 701 crore in the first quarter of the current financial, on Monday announced the appointment of Sanjeev Naryani as head of business. The bank said in a statement that Naryani would spearhead branch banking, wholesale banking, agri-business, retail lending, third party products and digital banking. Naryani’s former assignment was with the State Bank of India where he served for 32 years. MD and CEO of Chandra Sekhar Ghosh said that Naryani brings with him a wealth of experience. PTI
Emami to deepen focus on international markets in FY20
Kolkata: Emami Ltd would focus on the international markets in the current fiscal through differently positioned products, MD Sushil Goenka has said. “We will deepen our focus on the international markets… We are launching differently positioned products and revamped the logistics system to distribute them wider and deeper,” he said in the company’s latest annual report. He said the FMCG major would continue to strengthen the promoter-professional framework. “While the promoters help chart out a strategic direction, the professional will address day-to-day operations,” Goenka said. Emami said it is optimistic on the outlook for 2019- 20. “With trade channels regaining vitality in the wake of GST implementation, the global trade scenario showing improvement… The company was poised to capitalise in the current fiscal,” it said in the report. The company is keen grow revenues from key global markets and expects to capitalise on the Sri Lankan market through a manufacturing facility, Emami said. “The company’s key markets include the Middle East and North Africa, SAARC, CIS and the EU nations,” the annual report added.