Saturday, October 6, 2012

Frivolous complaints bog down selection of public sector banks chairmen


NEW DELHI: The task of appointing chairmen of state-run banks is proving to be a challenge for the government, with its vigilance machinery getting bogged down in a myriad of corruption charges against selected candidates. Since taking office in July, P Chidambaram has cleared the selection of chairmen for six state-run banks, including lateral movement of two bank chiefs. However, two banks-Bank of India and Canara Bank-have been functioning without a chief since Monday.........




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