The deadline for officers to decide on their career path in the biggest organisational rejig in the central bank's 85-year history ends on January 31. The immediate fallout could be its disruptive impact on the supervisory process for 2020 -- and beyond -- given the manpower shortfall, even as more entities are set to come under closer central bank scrutiny.
'Based upon the circumstances, the Board decided with heavy heart that it is not advisable to hold and conduct this year's Shri Amarnathji Yatra and expressed its regret to announce the cancellation of Yatra 2020,' the SASB said in a statement.
He also expressed doubts about fairness in a Central Bureau of Investigation probe into alleged corruption in the DDCA.
Why did the company zero in on RBL Bank to understand the business of banking? While the M&M investors heaved a sigh of relief, one gentleman must have been all smiles after this, RBL Bank MD and CEO R Subramaniakumar, notes Tamal Bandyopadhyay.
The Central Board of Secondary Education (CBSE) and Council for the Indian School Certificate Examinations (CISCE) boards have told the Supreme Court that class XII board examination results would be declared by July 31 and the students, desirous of taking up the board examination physically of CBSE can do so between August 15 to September 15, subject to conducive pandemic situation.
The world body is unlikely to even discuss a possible boycott of Pakistan when its Chief Executives Committee (CEC) meets in Dubai on Wednesday.
Tokyo Governor Yuriko Koike said on Thursday that organisers were looking at ways to simplify the Games.
'The CEO will neither be able to guide the senior team in operational matters nor decide on their appointment, compensation or removal.' 'Yet, the CEO is responsible for the profit and loss of the bank!' 'Why would the senior executives listen to him?' 'Which self-respecting professional would want to be a CEO with these constraints?' asks Tamal Bandyopadhyay.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
The Punjab Police has already invoked the stringent National Security Act (NSA) against the Khalistan sympathiser.
The rot is is not limited to Chitra Ramkrishna and the yogi, observed Debashis Basu.
A senior party leader on the condition of anonymity said the CWC meeting will be called next week although the agenda is to be worked out and finalised.
The report said Zuma 'would do anything that the Guptas wanted him to do for them,' including firing competent ministers and senior officials at parastatal institutions, so that Gupta lackeys could be appointed to those positions.
Most banks led by the State Bank, have or are going to declare DHFL account as NPA in the third quarter.
Hyderabad Central University says it had taken a 'lenient view' by not imposing 'complete suspension' of the five research scholars, including the Dalit PhD student who committed suicide.
Y H Malegam, 80, will head the panel that will look into non-performing bank assets and their relation to the Rs 114-bn PNB scam.
The report comes after two members of the Ugandan Olympic delegation tested positive for the coronavirus last month upon arrival in Japan. One tested positive at Narita airport near Tokyo, but the remainder of the team was allowed to travel to a training site.
Calling the Budget 2018 'anti-labour', the Bharatiya Mazdoor Sangh will observe February 20 as a 'black day'.
There are four first information reports against Saradha Group in which it is alleged that thousands of investors were allegedly duped by the company officials and their associates who swindled their deposits.
Finance Secretary Hasmukh Adhia vacates his post on November 30 and Expenditure Secretary Ajay Narayan Jha, the second seniormost bureaucrat in the finance ministry, retires on January 31, the day before Jaitley presents the 2019-20 interim budget.
The bank's board has already established a search and selection committee comprising three members from the existing nomination and remuneration committee along with two external experts to identify Kapoor's successor.
The finance ministry has ruled out the proposal for the appointment of a chief operating officer (COO) of the rank of deputy governor in the Reserve Bank of India (RBI), as the government feels no interim arrangements should be made for such high-profile appointments.
As the Indian currency hovers around its lowest versus the US greenback, several smaller and mid-sized companies are expected to face rough weather as almost 44 per cent of the foreign loans taken by Indian companies remained unhedged. According to the data sourced from the Reserve Bank of India, Indian companies raised around $38.2 billion in the financial year ended in March. Of this, only 56 per cent of the loans are hedged while the rest of the foreign loans remain unhedged, thus risking the companies to forex volatility.
If the new governor can think out of the box even as he signals that he can bat for the RBI cadre and respect its institutional memory, that will go a long way in getting out of the current impasse.
According to an order issued by the Central Board of Direct Taxes, the department will share 'bulk information', starting from Permanent Account Number (PAN) to the taxpayer's name and all the individual data that it captures like father's name, gender, date of birth, photograph and signature or thumb impression.
The finance minister also said that the merger would not result in any retrenchment but rather improve the benefit of the employees.
The 30-share Sensex ended down 66 points at 28,438 and the Nifty ended down 15 points at 8,633.
The fact that Home Minister Amit Shah recently met Raje was a marker that Delhi will be compelled to take her more seriously than it would care to. Like B S Yediyurappa, she's a regional chieftain who can't be discarded at will, reports Radhika Ramaseshan.
At the 47th ILC, scheduled for February 26 and 27 in Delhi, trade unions and employers were to discuss key issues related to employment and social security coverage to workers
'For our traditional membership base, it would be an access to disruptive ideas,' FICCI President Subhrakant Panda tells Asit Mishra/Business Standard.
Patra, as executive director of the central bank, was the principal advisor to the Monetary Policy Department since July 2012.
'The PCA framework was revised and tightened in April 2017, but there was no discussion in any board meeting. The government does not know the rationale behind revising the framework and how the RBI arrived at it. Similarly, there was no discussion in the board meeting on the revised NPA framework,' said an official.
As the industrial era wanes, the network era looms, notes Ajit Balakrishnan.
These changes will entail a relook at the various laws governing banks in the country - the two Bank Nationalisation Acts (passed in 1970 and 1980); the State Bank of India (SBI) Act of 1955; and the Companies Act of 2013.
The Central Bureau of Investigation (CBI) on Friday raided the home of Delhi Deputy Chief Minister Manish Sisodia and 30 other locations in connection with alleged corruption in the implementation of the Delhi Excise Policy.
These recommendations are based on interactions held by the Banks Board Bureau with eligible candidates from PSBs towards appointment against vacancies in PSBs for the period 2018-19
Earlier this year, Toyota Motor Corp was fined $1.2 billion for concealing problems related to sudden acceleration of some of its vehicles.
Russian President Vladimir Putin said on Wednesday that wrestling should not be excluded from the Olympics, suggesting its ancient roots made it an integral part of the programme.
Of the total, the financial creditors - banks, bond holders and other financial institutions - have claimed Rs 86,892 crore.
CoA takes away all functioning powers of BCCI office-bearers
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