Bloomberg Chanda Kochhar, chief executive officer of ICICI Bank Ltd. will be going on leave as a panel appointed by the lender probes allegations against her. The bank’s board, which met in Mumbai, has decided to accept her request for going on leave, according to exchange filings. Sandeep Bakhshi, CEO of ICICI Prudential Life Insurance Co., will be chief operating ...

Bloomberg The People’s Bank of China is using both money and words to try to ease market concerns about escalating trade tensions and the weakening economy. The central bank injected another 200 billion yuan ($31 billion) into the economy via its medium-term lending facility on Tuesday. Combined with the funds it added earlier this month, that’s a net injection of ...

Bloomberg Mario Draghi promised that the European Central Bank will take its time to lift interest rates, reinforcing last week’s agreement by policy makers to keep borrowing costs unchanged at least through the summer of 2019. “We will remain patient in determining the timing of the first rate rise and will take a gradual approach to adjusting policy thereafter,” the ...