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
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When Wall Street executives received hundreds of millions of dollars in bonuses after receiving billions in government bailout money during the financial crisis, the popular reaction was outrage. Yet some on Wall Street were actually outraged by the outrage: The uproar over bonuses “was intended to stir public anger, to get everybody out there with their pitchforks and their hangman nooses,” said former AIG CEO Robert Benmosche. advertisement advertisement In the wake of the crisis and recession, despite the fact that nearly all the gains of the recovery have gone straight into the bank accounts of the wealthy, America’s billionaires keep doing things like comparing themselves to persecuted Jews in Nazi Germany and talking about the ever-popular pitchforks. Many aggressively denounce policies designed to redistribute wealth as “class warfare.” It’s been noted extensively that if there is any class warfare happening, it’s the wealthy … [Read more...] about Where Are These Pitchforks That Billionaires Are So Scared Of?
In Uganda, preventable water-borne diseases like diarrhea are the leading cause of death for children under the age of five. Ten million Ugandans—nearly a third of the entire population—lack access to clean water. They rely on boiling water to make it safe, which in addition to being time consuming, burns valuable charcoal that would otherwise be used for cooking. advertisement advertisement Recent Harvard graduates Kathy Ku and John Kye have found a solution—one that doesn’t rely on foreign aid or new technologies. It’s a clay pot. Sustainable Point-Of-Use Treatment and Storage (SPOUTS) of Water makes the pots, about the size of large flowerpots, in a factory near Kampala, Uganda, from locally sourced clay and rice husks. During firing in a kiln, the rice husks burn away, leaving behind microscopic holes. The pots are then coated with silver nitrate, which is a biocide. When the pots are filled with water, the water seeps through the holes while … [Read more...] about How Simple Clay Pots Can Provide Clean Water Where There Is None
The release of the much-awaited Anthem is just around the corner, and gamers have a lot to be excited about. Anthem, which releases on February is a shared-world shooter that stands out because of its gorgeous graphics and punchy combat. As with any multiplayer action role-playing game, Anthem goes beyond a traditional campaign mode. Once the Story mode in the game has concluded, players will be able to jump into The Elder Game.Dive into the storyAnthem is set on a post-apocalyptic planet shaped by mysterious progenitors using a mystical tool called the Anthem of Creation. The world is continually evolving, mutating and changing life as the Anthem of Creation continues to run without being shut down. Humans of the planet struggle to survive against a growing number of enemies like The Dominion.Close related news Redmi Note 8 Pro sale today at 12 pm: Specifications, price, offers Samsung Galaxy Tab S6 is the best Android tablet you could buy Nokia 8.2 expected to be … [Read more...] about Anthem game launch on February 22: Everything you need to know about 2019’s most anticipated game