January 2017 Current Affairs
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December 2016 Current Affairs
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November 2016 Current Affairs
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October 2016 Current Affairs
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September 2016 Current Affairs
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Govt removes Sushil Muhnot as CMD of Bank of Maharashtra

Govt removes Sushil Muhnot as CMD of Bank of Maharashtra
28 September 2016 Current Affairs: The government has removed Sushil Muhnot as chairman and managing director (MD) of Bank of Maharashtra,Muhnot was to retire on September 30.

Ravindra Marathe, has been executive director of Bank of India, has taken charge as CEO and MD of the bank on Monday. He was earlier expected to join the bank on October 1. Prior to joining Bank of India, Marathe was general manager at Bank of Baroda. 

This is one of the rare instance where government has removed CMD of a bank. Sources say that charges against him were that he occupied two accommodations one in Pune and other in Mumbai even as a CMD is entitled for only one accommodation. Later, the Pune accommodation was converted into a guest house. Both the accommodations belonged to the bank. 

The second charge against him was that the cost of refurbishing the houses were way too higher than what he was entitled to spend. Sources said that the cost rose to Rs 1.66 crore on refurbishing both the houses. 


January 2017 Current affairs
23 JAN
NEWS
21 JAN
NEWS
20 JAN
NEWS
19 JAN
NEWS
18 JAN
NEWS
17 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
NEWS
27 DEC
NEWS
26 DEC
NEWS




November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS

October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
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27 SEP
NEWS
26 SEP
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24 SEP
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