India's Dhanlaxmi Bank shareholders seek to curb CEO spending powers

The shareholders seek to suspend powers exercised by CEO Shivan JK in respect of all capital and revenue expenditure, except statutory payments such as salaries and wages. According to the proposed shareholder resolution, all suspended spending powers will be jointly exercised by any two non-executive directors of the board.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/cmOCBDH
via IFTTT

Comments

Post a Comment

Popular posts from this blog

India's Paytm Payments Bank granted status upgrade

Image
Paytm Payments Bank, a niche bank that cannot lend on its own, had more than 64 million savings accounts and over 52 billion Indian rupees ($688.5 million) deposits, including savings accounts, current accounts and fixed deposits with partner banks at the end of March this year. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3pJr1JN via IFTTT
Read more