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Bank GK Updates June 16 - June 22 2018

Bank GK Updates June 16 - June 22 2018

TestFunda ,  22-Jun-18
Bankers suspect foul play in arrest of Bank of Maharashtra CEO 
Bank > Bank of Maharashtra > June 22

Leading bankers suspect some foul play in the arrest of Bank of Maharashtra CEO Ravindra Marathe and have hinted at possible political overtones behind the move as it was not even a lead bank that lent funds to real estate developer DS Kulkarni 

Chanda Kochhar to go on leave during Videocon probe; Sandeep Bakhshi new COO: ICICI Bank
Bank > ICICI > June 22

ICICI Bank said on Monday Chief Executive Chanda Kochhar would go on leave until the completion of an inquiry over an alleged conflict of interest, and named Sandeep Bakhshi, the head of its life insurance unit, as chief operating officer (COO) of the bank. Bakhshi, whose appointment is for a period of five years beginning June 19, pending regulatory approvals, will report to Kochhar, the bank said in a statement. The new COO will report to the bank's board during Kochhar's period of leave. "Bakhshi will be responsible for handling all the businesses and corporate centre functions at the Bank," the bank said in a statement late on Monday, adding all executive directors of the bank and the executive management would report to him.

Vijay Mallya diverted loan money to F1: ED
India > Vijay Mallya > June 18

The Enforcement Directorate (ED) has attached moveable and immoveable properties worth ?4234.84 crore belonging to Vijay Mallya and companies controlled by him.

18,000 bank branches, post offices have Aadhaar facility now: UIDAI 
Banks > Aadhar > June 20

Less than a year after banks and post offices were asked to set up Aadhaar facility on their premises, as many as 18,000 centres have come up for enrolment and updation of the biometric ID at such locations, UIDAI CEO Ajay Bhushan Pandey has said. 

Court orders arrest of Mallya
India > Mallya > June 20

A special court here on Wednesday ordered the arrest of fugitive liquor baron Vijay Mallya for his alleged involvement in a case of money laundering and cheating a consortium of banks of over ₹6,000 crore.

BJP Dumps PDP To Boost Its Nationalist Plank
India > BJP-PDP > June 20

The end of the BJP-PDP alliance did not come as a surprise, but its timing and swiftness were unimagined. It was widely welcomed at the national level, and helped the BJP retrieve much of its lost ground with its traditional vote base upset with the unilateral ceasefire and brazen pandering to the separatists by the PDP.

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