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Recent arrest of Bank of Maharashtra MD & CEO Ravindra Marathe, its executive director Rajendra Gupta, zonal manager Nityanand Deshpande and four other officials along with former chairman Sushil Muhnot in an alleged cheating case lodged against real estate developer DS Kulkarni and his wife has angered the Bankers and Indian Bankers Association has come in […]
Public Sector Bank of Maharastra Chairman & CEO along with Executive Director, Zonal Manager and previous Managing Director arrested by Economic Offences Wing (EOW) in a case of Rs. 3,000 crore fraudulent loans extended to Pune’s DSK Group. Beside Ravindra P. Marathe, the Chairman and Managing Director of Bank of Maharashtra, the EOW has also arrested the bank’s Executive […]
Selection of Executive Directors in Public Sector banks, BBB Recommendations – Advisory body for selection of candidates for top level board appointment, Banks Board Bureau (BBB) has recommended 22 general managers to be elevated as executive directors at the various public sector banks. Further, the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi […]
PNB, Syndicate Bank & Union Bank of India may come under RBI’s prompt corrective action (PCA). ET has reported that Reserve Bank of India imposes restrictions on these lenders in the next one month probably by this quarter (30th June). PCA involves imposition of various restrictions such as branch expansion, halting dividend payments, taking fresh loan proposals […]
Recent Media reports stated that Union Minister of State for Home, Hansraj Ahir had issued a letter to Ashutosh Salil, DM of Chandrapur district in Maharashtra asking him to stop annual salary increment of those branch managers who have not completed their target to sanction the MUDRA loans. This letter was issued on June 6 […]
New RBI Governor Shri Mahesh Kumar Jain – IDBI Bank CEO & MD Shri Mahesh Kumar Jain appointed as the Deputy Governor of Reserve Bank of India (RBI). The government on Monday appointed IDBI Bank Ltd chief executive officer Mahesh Kumar Jain as a deputy governor of the Reserve Bank of India (RBI) for three years. […]
Public Secotr Bank’s (PSB) merger talks started again – The government is planning to merge four state-owned banks, namely India’s third-largest PSU bank by assets Bank of Baroda, Central Bank of India, IDBI Bank and Oriental Bank of Commerce. Government is thinking differently as there are more than nine banks are under RBI’s PCA. With […]
Reserve Bank of India (RBI) has appointed Sudha Balakrishnan as first Chief Financial Officer (CFO). Sudha Balakrishnan is a NSDL executive and her appointment as the first ever chief financial officer (CFO) of the Reserve Bank of India (RBI) is effective from May 15. This is the biggest organisational change in the RBI ever. Smt Sudha […]
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