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Government not looking at any other proposal for PSB merger
Monday, February 11, 2019, 10:29 PM
The government is not considering any other merger proposal in public sector banks at the moment as it would wait for completion of the amalgamation of Dena Bank and Vijaya Bank with Bank of Baroda (BoB), official sources said. The Union Cabinet last month approved the merger of these three-banks to create the country's third-largest lender. The scheme would come into force on April-1.
Justice B N Srikrishna: the go-to man for the government and corporates
Thursday, January 31, 2019, 8:33 PM
Justice B N Srikrishna, go-to man for government and corporates when their are backs are facing the wall, has delivered once again. In his latest-role, he headed an-enquiry-panel that indicted former ICICI Bank CEO Chanda Kochhar for violating the bank's Code of Conduct, its framework for dealing with conflict of interest and fiduciary duties, and in terms of applicable Indian laws, rules and regulations.
Chanda Kochhar sacked by ICICI Bank asked to return bonuses
Thursday, January 31, 2019, 7:41 AM
In internal probe conducted by the ICICI Bank has faulted its former CEO and managing director Chanda Kochhar for violating the bank's code of conduct. The probe, which was in connection to the ICICI-Videocon loan case, found that Chanda Kochhar failed to deal with conflict of interest by not making voluntary disclosures that she should have.
