The lender said Vaswani will step down after his current term ends on Dec. 31, 2026, citing personal reasons, with the board initiating the process to appoint his successor.
Massive investments are currently being made in AI infrastructure, data centres and semiconductor manufacturing, but Freeman cautioned that returns on those investments could take several years to materialise.
A 2.0 fitment factor could sharply lift HRA by increasing the revised basic pay, though the final allowance structure will depend on the 8th Pay Commission's recommendations.
A 2.0 fitment factor could sharply lift HRA by increasing the revised basic pay, though the final allowance structure will depend on the 8th Pay Commission's recommendations.
