New Delhi: In order to strengthen governance standards at urban cooperative banks (UCBs), the Reserve Bank of India released the final guidelines for setting up a board of management (BoM) for such banks. According to the guidelines, UCBs, with deposits of Rs 100 crore and more, will constitute the BoM, which will be a mandatory requirement for opening new branches. “The board of directors (BoD) of a UCB perform both the executive and supervisory roles, and has the responsibility to oversee the functioning of UCB as a cooperative society, as well as its functions as a bank. Since UCBs are…
Author: PTI
The creation of the Department of Military Affairs and institutionalisation of the post of Chief of Defence Staff are momentous reforms, Prime Minister Narendra Modi today said.
A hat-trick of losses in the last three rounds ended Koneru Humpy’s hopes of a second title at the women’s World Rapid and Blitz Championships as the Indian Grandmaster finished 12th overall in the two-day blitz competition here.
The Congress today raised several questions over the appointment of Gen Bipin Rawat as the Chief of Defence Staff (CDS), saying the government has started on a ‘wrong foot’ on the issue
The year 2019 will go down as a watershed in the BJP’s journey as the party not only achieved its highest ever tally in Lok Sabha but also realised its decades-long ideological planks with the Modi government pushing the saffron agenda with renewed vigour in its second term.
Sri Lankan President Gotabaya Rajapaksa is slated to make his inaugural address to Parliament on January 3 during a ceremonial sitting before the new session commences later that day
Militants killed 20 people, most of them hacked to death, in Democratic Republic of Congo’s eastern Beni region in the latest attack by an armed group blamed for massacres that have sparked angry protests.
Reputed Pakistani film-maker Jamshed Mahmood Raza has accused the Chief Executive Office of English-language newspaper Dawn of raping him 13 years ago.
Al-Shabaab Islamist militants have claimed responsibility for Saturday’s massive car bomb in the Somali capital Mogadishu that killed 81 people, including two Turkish citizens.