Small font size A Larger text size A Largest text size A

Market Chatter: Bank of America India CEO Appointment Approved by Central Bank

BY MT Newswires | ECONOMIC | 12/03/25 05:40 AM EST

05:40 AM EST, 12/03/2025 (MT Newswires) -- Bank of America (BAC) India has received approval from the country's central bank for the appointment of Vikram Sahu as its chief executive, Reuters reported Wednesday, citing an internal memo it has seen.

Bank of America India named Sahu as CEO in March, though a formal Reserve Bank of India approval was pending, according to the report.

The company didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

PRECIOUS-Gold rises as dollar weakens ahead of US inflation test BY Reuters |TREASURY 03:06 AM EST
Nasdaq Rises 50 Points Ahead Of Next Week's Interest-Rate Decision: Greed Index Remains In 'Fear' Zone BY Benzinga |ECONOMIC 02:52 AM EST
GRAPHIC-Take Five: Worth the wait? BY Reuters |ECONOMIC 02:38 AM EST
BOJ expected to choose 'constructive ambiguity' on future rate hikes BY Reuters |ECONOMIC 02:30 AM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article