Subbaiah
resigns from Centurion Bank Mumbai: Citing
personal reasons, Mr. M J Subbaiah, former chief general manager of ICICI who took over as
managing director of the bank in July last year, has resigned with effect from the end of
this month.
The banks country head (corporate credit) Mr. F J
D'Costa and chief financial officer Mr. V P Sukumar have taken over charge as joint
managing directors until a full time managing director is appointed.
While the banks
promoter, Mr. Dev Ahuja, has been trying to find buyers for the bank, several prospects
have shied away from the deal in view of the many holes found in Centurions balance
sheet.
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