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RBI bars MPs, MLAs from holding MD post in urban cooperative banks; here's why


RBI asks banks to refund interest on interest collected during Covid moratorium on loans
In a crackdown on political interference, the Reserve Bank of India has barred MPs, MLAs and members of municipal corporations or other local bodies from holding the office of managing director (MD) or whole-time director (WTD) in urban cooperative banks.
These directions are applicable to all Primary (Urban) Co-operative Banks (UCBs). The RBI had exempted UCBs with a deposit size of less than Rs 100 crore from the requirement of seeking prior approval of the Reserve Bank for appointment / re-appointment / termination of appointment of MDs or WTDs. ....

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MACC chief: Claims of political meddling in police force an internal matter, no probe by us


Datuk Seri Azam Baki, - Filepic/The Star
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) will not look into claims of political interference in the Police Force Commission (SPP), says its chief commissioner Datuk Seri Azam Baki.
I feel this is an internal police problem. Let the police settle it themselves, I don t wish to comment, he told reporters after launching a joint anti-corruption programme with the National Culture and Arts Department here on Tuesday (May 4).
On April 30, former inspector-general of police Tan Sri Abdul Hamid Bador had claimed there was political interference in the SPP and management of the police force. ....

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