Wednesday, July 30, 2014

Will Lady Luck Finally Smile on BoB's Mundra?

The 4-month wait of Bank of Baroda chairman S S Mundra may come to an end this week.
The government is likely to announce the replacement for RBI deputy governor K C Chakrabarty, who quit a few months ahead of his scheduled retirement. It is said that just one signature, that of the prime minister, is awaited. Had the government notification not come before the end of the month, he would have lost the opportunity to be a central banker since he is retiring this month end. Rumour mills churn out a story saying CMD of a Delhi-based bank, known for his never-say-die attitude, is still hoping and lobbying for it.


ET

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