Sushil Kak quits IDBI Bank
Mumbai: Sushil Kak, head of corporate banking at IDBI Bank, has resigned from the bank. While Kak confirmed that he had put in his papers, he declined to reveal the reason for the move. He also remained tightlipped about his next destination. Sources at the bank say that he left after differences with the top management.

IDBI lost 810 employees in 2005, majority of whom were from the commercial banking side, that is, the erstwhile private bank.
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NCDEX appoints additional director
The Board of Directors of the National Commodity & Derivatives Exchange (NCDEX) at its meeting has appointed Michael Gorham as additional director of the exchange.

NCDEX has an 11-member board, each an authority in their respective spheres of expertise.
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