The profit was lower than the USD 5.3 billion average of analysts’ estimates compiled by the bank.
The plan represents the lender’s most ambitious attempt in years to cut costs.
Aramco is preparing to sell up to a 5 per cent stake by 2020-2021.
The appointment of the fund managers for another term of three years has been pending with the EPFO since April last year.
Flint's departure was revealed as HSBC said it was facing an ‘increasingly complex and challenging global environment.’
A bench headed by NCLAT Chairman Justice S J Mukhopadhaya, dismissed any contempt plea against Ambani and his officials.
Shanghai shares have gained 17 per cent so far this year. But they slid about 7.6 per cent between early May and early June.
Survey showed that businesses in India are very optimistic about their growth prospects, despite subdued macro-economic conditions.
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