Tuesday, September 3, 2013

Omar calls for early decision on J&K bank chief's extension

Alleging that a "propaganda war" is being played because of indecision, Chief Minister Omar Abdullah today asked the Reserve Bank to expedite the proposal to extend the term of the Chairman of government-promoted J&K Bank, Mushtaq Ahmed, at the earliest. "Uncertainty for any institution is not a good thing... people take advantage of that (uncertainty). A request has been put in to RBI and this has to be approved by RBI," Abdullah said at a bank event here, which also had RBI Deputy Governor H R Khan in attendance. ......

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