Don’t miss the latest developments in business and finance.

Keeping it clean

Image
Business Standard New Delhi
Last Updated : Dec 22 2014 | 10:17 PM IST
The nominations committee of a state-owned lender was to pick part-time directors for its board. Ten people were in contention. However, the panel got cold feet after finding many of the candidates were practising chartered accountants (CA). Recent scandals surrounding public sector banks and CAs, who are seen to be close to companies that often end up being the banks' customers, seem to have played the deterrent. The panel picked only one director, and none of the seven CAs made it. The selection process, we are told, will be undertaken all over again.

Also Read

First Published: Dec 22 2014 | 9:05 PM IST

Next Story