Mumbai, Jul 1 (PTI) State-run lender Indian Overseas Bank Monday said Karnam Sekar has taken charge as its managing director and chief executive.

Sekar was the managing director and chief executive of another state-run lender Dena Bank before its merger with Bank of Baroda, and had served as deputy managing director of SBI before that. ********************* Shriram City Union elevates YS Chakravarti as MD

Non-banking finance company Shriram City Union Finance has elevated YS Chakravarti as its managing director and chief executive.

Chakravarti, who was an executive director prior to his elevation, started his career with the South-based Shriram group in 1991, an official statement said Monday. ********************* MCX delivers first nickel contract futures

MCX successfully delivers nickel futures contract Multi-Commodity Exchange of India (MCX) has completed the first physical delivery of its nickel June 2019 contract of 85.50 tonne. ********************* NSE's clearing arm gets European accreditation

NSE IFSC Clearing Corporation (NICCL) has been recognised by the European Securities and Markets Authority as a 'third-country CCP' under the European market infrastructure regulation.

The recognition to the wholly owned subsidiary of NSE Clearing was notified on June 24, it said in a statement Monday.

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