Page 9 - BANKING FINANCE November 2018

BAN U A

Cen ral o ern en e o a oin e Canara ank MD Rake S ar a a
D ie
in o on oli a e RR
he go ern ent a ointed or er Canara ank anaging director Rakesh
o rin own all o
Shar a as head o D ank Shar a has een a ointed
he Centre has initiated consolida as anaging director or a eriod o si onths sources
tion o re said his co es a ter the tenure o Srira ho as a
gional rural ointed as the chie e ecuti e o D ank or three
anks RR s onths ended in Se te er Shar a has the e e
along ith rience o heading a large u lic sector ank a inance
the u lic Ministr o icial said adding he ca e through a rigorous
sector lend rocess through hich ri ate sector candidates ere
ers and intends to ring do n their a ointed heads o state run anks
nu er to ro the e isting
rior to his a oint ent in Canara ank Shar a as heading aksh i ilas
t has alread egun consultations ank e co leted his three ear ter in Canara ank in ul D ank
ith the States hich are a ong oard a ro ed the ro osal or issuance o re erential shares in a our o C
the s onsors o RR s said a senior to increase the share o insurer in the ank u to er cent Su se uentl C
inance Ministr o icial esides then ca e out ith an o en o er or ac uiring er cent o e uit in D
s onsor anks are re aring the ank at Rs er share
road a or the a alga ation o
RR s ithin a State the o icial said o a oin e e u i e ire or in S
he de elo ent assu es signi i o ern ent has a ointed general anagers as e ecuti e directors in di
cance in the light o the Centre ear erent u lic sector anks Shanti al ain and
lier this onth announcing its deci ikra adit a Singh hichi ha e een a ointed as e
sion to erge ank o aroda ija a ecuti e directors in the ank o aroda initiall or a e
ank and Dena ank to create an riod o three ears the order said hile Mr ain is the
other glo al si e ank general anager o llaha ad ank Mr hichi is the
he ro osed consolidation o RR s general anager in Dena ank g e u ar ad
and ringing do n their nu er to general anager M o the ank o ndia has een
ill usher in etter scale e i na ed as e ecuti e director o unja ational ank
cienc higher roducti it ro ust i o al Singh usain and Manas Ranjan is al ha e een a ointed as e ecu
nancial health i ro ed inancial ti e directors in the nion ank o ndia initiall or a eriod o three ears the
inclusion and greater credit lo to order said oth are orking as general anagers in the unja ational ank
rural areas the o icial said
ija Du e the M o ija a ank ill e e ecuti e director in the riental
esides the o e ill ena le RR s ank o Co erce lok Sri asta a M o unja ational ank has een
to ini ise their o erhead e enses a ointed as e ecuti e director in the Central ank o ndia ther anks that
o ti ise the use o technolog en ha e got ne Ds are ank o Maharashtra nited ank o ndia llaha ad
hance the ca ital ase and area o ank ndian ank S ndicate ank
o eration the o icial added
hese anks ere or ed under the ank in a urr or re olu ion lan or lar e orrower
RR ct ith an o jecti e to he onth deadline set the Reser e ank to inalise the resolution lans
ro ide credit and other acilities to or around large stressed accounts orth o er Rs
s all ar ers agricultural la ourers trillion is ending ro ting anks to urn the
and artisans in rural areas he ct idnight oil to a oid ankru tc roceedings against
as a ended in here such these de aulters ho are ostl o er roducers
anks ere er itted to raise ca i ankers re er out o C resolution as the ank
tal ro sources other than the Cen ru tc rocess so ar ha e seen the taking large
tre States and s onsor anks haircuts such as the assi e er cent in the case o lok ndustries

B N N N N E | NOVEMBER | 2018 |