..........According to sources in the RBI, since most independent directors are political appointees, they often resort to undue influence on the bank authorities to release donations to organisations or exhibitions, where either they or their close relatives are involved. The RBI has already cautioned such banks and asked them to refrain from releasing donations to any charitable organisation or exhibition where either the directors of the banks or their relatives are involved, even within the permissible ceiling of 1% of the published profits of the bank concerned for the previous financial year..........
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment