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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first*** DA FOR BANKER FROM FEBRUARY 2023 SEE DETAILS CHART FOR OFFICER AND WORKMAN***Outcome of Today’s meeting with IBA - 31.01.2023***All India Bank Strike 27.06.2022******PLEASE VISIT INDIAN TOURISM CULTURE & HERITAGE *****NITI Aayog finalised names of Two public sector banks and one general Insurance Co. for privatisation****No economic reason to privatise PSU banks---post date 24.05.2021******Mobile users may soon be able to switch from postpaid to prepaid and vice versa using OTP*****India May Privatise or Shut 46 PSUs in First 100 Days, Says NITI Aayog's Rajiv Kumar----We should start with the banks*****Expected DA for Bank Employee from August 2019 is 24 slab to 29 slab*****RTGS time window from 4:30 pm to 6:00 pm. with effect from June 01.06.2019******WITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI***** Salient features of Sukanya Samriddhi Account---Who can open and how?******OBC posts 39% rise in Q4 profit, OBC readt tWITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI o take another Bank--MD MUkesh Jain*******DA FOR BANKER FROM NOV 2018 IS INCREASE 66 SLAB I.E 6.60%****40,000 STANDARD DEDUCTION IN YOUR TAX - IS A GREAT DRAM/BLUFF BY JAITLY SEE DETAILS+++++++Cabinet approves plans to merge PSU banks-The final scheme will be notified by the central government in consultation with the Reserve Bank. post date 23.08.2017****IBA to restrict the negotiations on Charter of Demands of Officers' Associations up to Scale-III only post dated 07.07.2017*****

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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Monday, April 9, 2018

Kochhar under pressure to resign

Pressure seems to be mounting on ICICI Bank MD and CEO Chanda Kochhar to step down. While the bank’s board has previously come out in support of Kochhar, the issue could be taken up at its next meeting.
Institutional investors are already understood to be raising concerns over the alleged irregularities in the bank’s 3,250-crore loan to the Videocon Group in 2012.
On Monday, the private sector lender continued to face the heat as global rating agency Fitch said allegations over the loan to Videocon raise questions of corporate governance and pose reputational risks for the bank.
“Fitch will closely monitor developments, and would take appropriate rating action if risks to the bank’s reputation and financial profile were to rise considerably,” it said in a statement.
“That said, the bank’s rating is underpinned by relatively strong capitalisation and profitability,” it added.
The Finance Ministry is understood to be keeping close tabs on the issue but has decided to take a hands-off approach for now. “Investigative agencies are already probing the allegations. The government is being fully apprised of the matter on a daily basis,” said a source, adding that if required, it would take a proactive role. The government nominee on the board of ICICI Bank is Lok Ranjan, Joint Secretary in the Department of Financial Services. LIC Chairman VK Sharma is also on the board.
Meanwhile, the CBI questioned Kochhar’s brother-in-law Rajiv Kochhar for the fifth straight day. “He was questioned on more details relating to the loan,” said a source, adding that he is likely to be summoned again on Tuesday.
The CBI is expected to widen its investigation and question more officials from NuPower Renewables, which was founded by Deepak Kochhar, husband of the ICICI Bank chief.

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