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Page 12 - ப்ராஂப்ட் திருத்தம் நடவடிக்கை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

IDBI Bank likely to take call on additional tier-1 bonds post-PCA exit

IDBI Bank likely to take call on additional tier-1 bonds post-PCA exit
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Central Bank of India is out of mess, stage set for PCA exit: CEO

After reporting profit for three consecutive quarters, Central Bank of India is out of mess with sharp reduction in net bad loans, revamping of working and human resources systems. Mumbai-based public sector bank expects to report profit in fourth quarter, setting stage for exit from Prompt Corrective Action (PCA) regime, according to its outgoing chief executive Pallav Mohapatra. His innings at state-owned bank ends today. Matam Venkata Rao, the new MD & CEO, he will take charge on March 1. On Friday (Friday 26, 2021) Central Bank shares closed 2.68 per cent lower at Rs 19.24 at BSE. Mohapatra said in FY20 the bank made profit for three quarters, but in the fourth quarter it had booked loss on rise in provision for exposures and retirement obligations on fall in interest rates. The bank made profits for three consecutive quarters in FY21.

Privatising a sick bank will not attract investors: Union MoS for Finance, Anurag Thakur

Dhanlaxmi Bank Board approves appointment of Shivan as MD and CEO

Board of Directors of Kerala-based Dhanlaxmi Bank have given approval to appoint J K Shivan as managing director and CEO of the Bank. It may be recalled that the shareholders of the Kerala-based had voted against MD & CEO Sunil Gurbaxani On September 30, 2020. Then, in December that year, the lender appointed Shivan as the new MD & CEO. However, the banking regulator, Reserve Bank of India (RBI), had asked the Dhanlaxmi Bank Board to get shareholders’ approval before appointing J K Shivan as the next chief of the bank. According to experts, RBI s direction was unusual since the board typically appoints the candidate recommended by the regulator as additional director and then seeks shareholders’ approval at the next AGM. In this case, the lender s Board had moved a resolution on December 26, as asked by RBI, for shareholders’ approval via electronic voting, for Shivan s appointment.

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