Yes Bank's new CEO Ravneet Gill is a man on a mission. Other than cleaning up the balance-sheet of the beleaguered private sector lender, Gill wants to build his A-team and ensure that the RBI does not find any governance and compliance lapses under his watch.Moneycontrol has learnt exclusively from multiple sources that Gill has decided to rope in banking veteran and IDFC First Bank's General Counsel & Group Head (Legal & Compliance ) Dr Rajeev Uberoi to spearhead the compliance and governance related functions at Yes Bank."Uberoi may join Yes Bank shortly, post the completion of exit formalities at IDFC First Bank. Compliance and governance assume great significance now for Yes Bank, in the aftermath of RBI's adverse observations on the bank's practices under the previous management," a source said.Close "Uberoi has retired from IDFC First Bank and was on an extension. He is likely to be headed to Yes Bank and his last working day at IDFC First Bank is May 31, … [Read more...] about Exclusive | IDFC First Bank’s Rajeev Uberoi may take up key post at Yes Bank
Jerry brown governor
Anand KochukudyMaharashtra has been officially placed under President’s rule 20 days after the voters gave a decisive mandate to the Bharatiya Janata Party-Shiv Sena alliance in the state.While the post-poll negotiations and realignments have seen many twists and turns, the drama moves to the court after the Shiv Sena petitioned the Supreme Court to challenge the Governor’s swift recommendation for President’s rule. But how did things come to such a pass? And what explains all the tough negotiations between allies BJP and Shiv Sena after the results?Close Flashback to 2014: Uddhav Thackeray was rumoured to be harbouring chief ministerial ambitions. However, after doing extremely well in the Lok Sabha elections that year, the BJP under Amit Shah was driving a hard bargain and was not amenable to giving more than equal number of seats to its partner. related news Maharashtra government formation: BJP deriving 'sadistic pleasure' out of deadlock, says Shiv … [Read more...] about How things came to such a pass in Maharashtra
In the wake of the shootings in Charleston, an amazing national groundswell of support has built for removing the Confederate flags that have flown from state capitals throughout the South. Businesses like Amazon, eBay, and Walmart have banned the selling of flags and flag-related material. The country’s largest flag maker has said it will stop making the flag entirely. And guerrilla protestors around the country are starting to deface the statues honoring Confederate generals and politicians. advertisement advertisement But the reach of the Confederacy–and the almost-insane tone-deafness of organizations and politicians who celebrate its history–goes well beyond the flag and hides in other insidious ways throughout the region. Here are just a few examples: Kappa Sigma is a fraternity founded at the University of Virginia in 1869 (note, after the South had lost the Civil War). Today, it boasts more than 18,000 collegiate members and many more alumni, … [Read more...] about While We’re Doing The Flags, Here Are Some Other Confederate Things We Should Get Rid Of
Larry Platt, the editor of the Philadelphia Citizen, felt like Ed McMahon on election day last November. He was at a local polling station with an oversized $10,000 check in hand and cameras in tow. Who was the lucky winner? A school crossing guard named Bridget Conroy-Varnis. What did she do to attract such a windfall? She voted. advertisement advertisement Founded in 2015, the Citizen is an unconventional publication, interested in not only writing about the city’s problems but exploring and testing solutions. The voting lottery, paid for by a private local foundation, was one of its earliest experiments, aimed at increasing paltry turnout in the city’s local elections. “People have lost faith that their vote matters,” says Platt. “What we have [in Philadelphia] is a corrupt one-party system of political leadership. The people who run the corrupt system are invested in keeping the status quo. The more people we have weighing in on how the … [Read more...] about What If We Paid People To Vote?