Category Archives: Finance

Zoroastrian Bank Board re-elected for five-year term

Zoroastrian Bank Board re-elected for five-year term

Shareholders returned the existing management of Zoroastrian Bank to office for another five-year term Monday. Article by Bella Jaisinghani | TNN MUMBAI: Shareholders returned the existing management of Zoroastrian Bank to office for another five-year term Monday. The board won all 13 seats by a comfortable margin at Sunday’s landmark election. This was the first…

Zarin Daruwala Named StanChart India CEO

Zarin Daruwala Named StanChart India CEO

Standard Chartered Plc named Zarin Daruwala, a senior banker at India’s ICICI Bank, as new chief executive of its India operations on Tuesday as the British bank looks to halt rising losses on loans in the country. Standard Chartered’s India unit, which was one of the most profitable markets for the Asia-focussed bank a few…

The Parsis and the Reserve Bank Of India Connections

The Reserve Bank of India (RBI) is nearly eight decades old and was one of the first central banks in the developing world. While a lot has been written about this institution, little is known outside the RBI about the meritorious service by Parsis to India’s central bank. Over the years, a number of illustrious…

Shapoor Mistry brings in talent, expands role of old hands

Shapoor Mistry of the Pallonji Mistry group is bringing in talent, expanding the role of the old guard and identifying new business ventures at the $2-billion group. The initiative is aimed at transforming the way the construction-to-home appliances conglomerate functions. By Sobia Khan | The Economic Times The reclusive Irish-Parsi business tycoon, Pallonji Mistry, passed…

Iran’s New Currency May be named Parsi

Preliminary results show name of currency will change and four zeros will be removed from value On Saturday, the Central Bank of the Islamic Republic of Iran launched a website allowing the public to vote on key decisions relating to the future of the Iranian currency. Original article source: Risk.net The central bank sought public…