Bank Boards Seized of the KFA Mat­ter, Pun­ish­ments

The Economic Times - - Money & Banking -

The ar­rest of five IDBI Bank of­fi­cials, in­clud­ing for­mer chair­man Yo­gesh Agar­wal in the King­fisher Air­lines case, has shaken the banking in­dus­try so much that one of the large PSU banks even dis­cussed the mat­ter at its board meet. The chief of the bank made it clear to the board mem­bers that the top man­age­ment is very upset with ar­rest, be­cause the pro­posal was cleared by the bank’s board. “What is the rel­e­vance of the board ap­proval if it is go­ing to be ques­tioned later,” he said.

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