HDFC Bank Names Anup Bagchi as New CEO
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HDFC Bank is a big bank in India. The bank has a new boss. His name is Anup Bagchi.
Anup Bagchi is the new CEO. A CEO is the top boss of a company. He is also the new Managing Director. This is another top job at the bank.
India's central bank said yes to Mr Bagchi. This bank is called the RBI. The RBI must agree before a new bank boss starts work.
HDFC Bank has shares that people can buy. These are called ADRs in some countries. After the news, these shares went up by 4%.
People who buy shares were happy about the new boss. They think he can do a good job.
Vocabulary15 words
- CEO
- the top boss of a company
- Managing Director
- a very important boss in a company
- central bank
- a special bank that controls money for a country
- RBI
- the central bank of India
- shares
- small parts of a company that people can buy
- ADRs
- shares of a foreign company sold in another country
- appoint
- to choose someone for a job
- surge
- to go up fast
- approve
- to say yes to something
- bank
- a place that keeps and lends money
- boss
- the person in charge
- company
- a business that sells things or services
- money
- what people use to buy things
- news
- new information about something
- job
- work that a person does
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Quiz
Answer key
1. Anup Bagchi 2. — 3. They went up by 4%
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
HDFC Bank is a big bank in _____. The bank has a new boss. His name is Anup _____.
Anup Bagchi is the new _____. A CEO is the top boss of a company. He is also the new Managing _____.
India's central bank said yes to Mr Bagchi. This bank is called the _____. The RBI must agree before a new bank boss starts work.
HDFC Bank has _____ that people can buy. These are called ADRs in some countries. After the news, these shares went up by _____%.
People who buy shares were happy about the new _____. They think he can do a good job.
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