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2 stories to loose your afternoon sleep.
Narayanan Vaghul, described as Bhismah Pitamaha of Indian Banking has written a memoir, aptly named "Reflections"
2 stories...
1 An extreme example of the nexus between politicians and industrialists was the removal of RK Talwar as
Narayanan Vaghul, described as Bhismah Pitamaha of Indian Banking has written a memoir, aptly named "Reflections"
2 stories...
1 An extreme example of the nexus between politicians and industrialists was the removal of RK Talwar as
State Bank of India chairman, when Talwar refused to entertain a cement company’s request for loan on grounds of mismanagement, little did he know that the industrialist concerned was a friend of Sanjay Gandhi.
The latter asked the minister of state for finance to make sure
The latter asked the minister of state for finance to make sure
that the loan was granted immediately. But Talwar refused. Gandhi ordered Talwar’s sacking, but there was one problem—under the State Bank of India Act, the chairman could not be removed before the expiry of the term of his office unless they were proven guilty of misconduct.
