The IBA sparked off a fresh controversy relating to an appointment for the post of chief executive, which will fall vacant after the existing incumbent - K Ramakrishnan demits office by July end. K R Kamath, the chairman of IBA is believed to have appointed M V Tanksale, the CMD of Central Bank of India as the new office bearer....
The meeting between bankers and management of ailing Kingfisher Airlines tomorrow is being considered crucial as it will determine the future course of action by lenders.
State-run lender Central Bank of India will need to augment its capital by Rs 2,500 crore this fiscal, a top bank official said here today.