Further, the Govt. of India, Ministry of Finance, Department of Financial Services vide its Notification No. 4/4/2011 - BOI dated 30.08.2012 has notified that the financial and administrative powers of chairman and managing director shall be exercised by T R Chawla and Arun Tiwari, both executive directors of the bank, with the approval of the board of directors/management committee of the board as the case may be till such time a regular incumbent is appointed by the Government of India as chairman and managing director of the bank.
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India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.