State-owned Indian Bank on Thursday said it has suspended an official who is accused of wrong doings by an online portal in an expose.
CVC K V Chowdary and Vigilance Commissioner T M Bhasin completed their tenure at the anti-graft body on Sunday and Monday respectively.
With a view to protect prudent commercial decision of bankers, the government has taken a slew of decisions, including doing away with personal responsibilities of MD and CEO of PSBs for compliance in dealing with large value frauds committed by bank officials.
"There are not sufficient number of applications received by the government. The extension in the last date has been given to allow more people to apply for the posts," a senior government official said.
Verma is understood to have given point-wise refusal to all the allegations levelled by Asthana before the panel comprising Vigilance Commissioners T M Bhasin and Sharad Kumar, they said.
The world's largest retailer entered India in 2007.
Experts interviewed CMDs of nine public sector banks on Friday and Kamath is believed to be in the reckoning
Meanwhile, for the fortnight ended March 20, deposits grew 11.42% y-o-y.
Business houses expect rate cut in next RBI policy.
PSB branches will work fulltime on the 1st and 3rd Saturday.
RBI might further cut rates by 50-75 basis points later.
Noting that India continued to be the second fastest growing economy in the world after China, Finance Minister P Chidambaram on Saturday said people should not be worried about the current slow down and expressed hope of achieving six per cent growth this fiscal.
Head of state-run Indian Bank T M Bhasin had called for a CRR cut.
India Inc has pitched for rate cut to boost economic activities.
The Reserve Bank is unlikely to lower the interest rates.
The agency has so far seized diamonds, gold jewellery and other precious stones worth Rs 5,716 crore in the case and summoned Modi and Choksi, the promoter of Gitanjali Gems, to appear before it on February 23 at its Mubai zonal office.
Slow credit off-take to put pressure on margins
Former Central Board of Direct Taxes chief K V Chowdary and Information Commissioner Vijai Sharma were on Monday appointed Central Vigilance Commissioner and Chief Information Commissioner, posts which have remained vacant for over nine months on which the government drew some flak.
In a message to public sector banks (PSBs) that only performers will survive, the government, in an unprecedented move, has decided to allocate capital to only nine PSBs.
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