RBL Bank appoints Vikas Muttoo as CEO of Swadhaar Finserve

Mumbai, Nov 1 (PTI) Private sector lender RBL Bank Thursday announced the appointment of Vikas Muttoo as the chief executive of its subsidiary Swadhaar Finserve.Muttoo joins from microlender Bharat Fi

Mumbai, Nov 1 (PTI) Private sector lender RBL Bank Thursday announced the appointment of Vikas Muttoo as the chief executive of its subsidiary Swadhaar Finserve.

Muttoo joins from microlender Bharat Financial where he was the chief business officer, it said in a statement.

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Tech Mahindra, Bionest tie up for pharma, biotech research * Fifth largest software services exporter Tech Mahindra Thursday tied up with state-run Bionest to drive research and co-innovation in pharmaceutical and biotechnology sectors.

Tech Mahindra will help with digital technologies to develop new platforms and solutions in the space, an official statement said.

Bionest is a bio-incubator formed with the support of the Biotechnology Industry Research Assistance Council (BIRAC), a Government of India enterprise under the Department of Biotechnology.

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Greaves Cotton Q2 net flat at Rs 49 cr

* Engineering solutions major Greaves Cotton Thursday reported a flat net profit at Rs 49 crore in the quarter ended September.

The company’s revenue grew at 9 per cent to Rs 495 crore, compared with Rs 452 crore in the corresponding quarter last year, a company statement said.

The EBITDA for the quarter grew by 8 per cent to Rs 73 crore, against Rs 68 crore last year.

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ICICI Bank launches instant credit facility * Amid the festive season, private sector ICICI Bank Thursday announced the launch of a facility through which customers can get instant credit for their shopping.

In a statement, the bank said the product christened ‘Paylater’ is targeted at young customers who can be new to credit.

This is published unedited from the PTI feed.