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Relief for Kotak Mahindra Bank; SC upholds immunity from penalty, prosecution for non-disclosure of lease rental income

Setting aside the Karnataka High Court order that remanded the matter back to the commission to decide on the immunity from penalty and prosecution in the Kotak Mahindra Banks case (formerly ING Vysya Bank), a Bench comprising justices BV Nagarathna and Ujjal Bhuyan said that frequent interference by courts in disputes before such commissions could erode the confidence of the assesses who decide to approach settlement commissions. ....

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fsib: FSIB recommends Vinay Tonse for MD position in SBI

Vinay M Tonse has been recommended for the position of Managing Director of State Bank of India (SBI) by FSIB, the headhunter for directors of state-owned banks and financial institutions. Tonse, who is currently serving as deputy managing director at SBI, was selected after interviews with 13 candidates. ....

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Karur Vysya Bank in expansion mode; sets up 800th branch in Chennai

Private sector Karur Vysya Bank on Monday under its expansion drive inaugurated its 800th branch in the city, a top official said. ....

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Karnataka bank appoints Sekhar Rao as ED for 3 years

Karnataka bank appoints Sekhar Rao as ED for 3 years ....

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