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Tamil Nadu Governor R N Ravi has agreed to Chief Minister M K Stalin’s recommendation to reallocate the portfolios held by minister V Senthil Balaji following his arrest by the Enforcement Directorate in a job racket case, but refused to accept the decision to let him continue in the cabinet.",
He also said the bank’s amalgamation with two other banks Bank of Baroda and Vijaya Bank would strengthen it and enable it to improve the recovery position and its losses will be cut further. “We hope that with improvement in NPA level, the bank will be cut losses further and turn the corner by 2019 and there will be no further addition in NPA level then onward but there will be a turnaround by 2020,” he said.",
The central bank governor said that the MPC had voted unanimously to maintain the accommodative stance and added that the reverse repo rate too was kept unchanged at 3.35 per cent."
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Japanese lender JICA has teamed up with Citibank to provide a USD 125 million funding line to domestic private sector lender IndusInd Bank.",
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Expressing his anger over the release of the convicts, he said it was “very unfortunate” to release the 11 rapists, who committed the “heinous act”, that too, at a time when the nation celebrated 75 years of Independence."
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