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Cooperative banks will need RBI approval for CEO appointment

Cooperative banks will need RBI approval for CEO appointment

Finance
In an attempt to strengthen its supervisory control over the Urban co-operative banks (UCBs) the Reserve Bank on Friday said that UCBs with deposit base over Rs 100 crore will require prior approval of RBI for appointment of their CEOs. After capping lending to a single borrower and raising the priority sector lending requirements for UCBs, the RBI in its final guidelines on constitution of Board of management in UCBs, said that UCBs with deposit size of Rs 100 crore and above, will also require prior approval of RBI for appointment of their CEOs. The central bank’s announcement is significant considering its supervision practices came in for criticism after a gross violation of lending norms by a better run UCB- PMC Bank as a result of which the bank is under an RBI appointed administrato...

Arsenal news LIVE: Arteta ‘facing battle to keep Aubameyang’, Thierry Henry linked with stunning Barcelona appointment, plus January transfer update

Sports
[unable to retrieve full-text content]We’ll keep you updated with all the latest Arsenal news. Here’s the current top stories involving the Premier League club: Mikel Arteta wants Granit Xhaka to stay at Arsenal Arsenal set to recall Eddie Nketiah from Leeds loan Mikel Arteta admits Arsenal MUST adapt in January transfer window and reveals Calum Chambers’ injury is ‘not […] talkSPORT
Man Utd: Ole Gunnar Solskjaer warns against complacency after permanent appointment

Man Utd: Ole Gunnar Solskjaer warns against complacency after permanent appointment

Sports
Media playback is not supported on this device Ole Gunnar Solskjaer has challenged his Manchester United players to "work harder" - and warned them against complacency because they will "never last at this club".The former United striker was named the club's permanent manager on Thursday, having arrived on an interim basis in December to replace Jose Mourinho.Under the Norwegian, 46, United have lost only once in 13 league games. "We are looking forward, we have got to work harder," Solskjaer said."I want a Man Utd team to be one of the hardest working, fittest teams a...
Facial recognition targets GP appointment touts in China

Facial recognition targets GP appointment touts in China

Technology
Chinese hospitals are using facial recognition technology as part of a crackdown on people making doctors' appointments and then selling them for a profit.More than 30 hospitals in the capital Beijing are using the technology and have already identified 2,100 people who regularly appear to make appointments, but then sell them on to save customers queuing in line to see a doctor. It is the latest application of the new technology being used in places to tighten state control over the country, home to 1.4 billion people.The country's markets are filled with counterfeit goods and rife with fraud and the state has been applying facial recognition wherever it can - from toilet paper distribution at public facilities to identifying those crossing roads illegally, all in real time.Facial recogni...
West Ham United news: Javier Hernandez sparks doubt over Hammers future and reacts to Manuel Pellegrini appointment

West Ham United news: Javier Hernandez sparks doubt over Hammers future and reacts to Manuel Pellegrini appointment

Sports
Javier Hernandez says suggested he is unsure over the appointment of Manuel Pellegrini at West Ham Saturday, May 26, 2018 West Ham striker Javier Hernandez has sparked doubt over his future at the east London club. The Mexico international has refused to commit his future the Hammers and suggested he was unsure about the appointment of new manager Manuel Pellegrini. Hernandez signed a three-year Hammers contract last summer, as he completed a £16million move from Bundesliga outfit Bayer Leverkusen. But the 29-year-old striker lost his first team place towards the end of the season when he was sparingly used by former boss David Moyes, and it has been widely reported that he could leave the Premier League club this summer. West Ham ...