News makers:
30 Jul 2001
3 August 2001
Will Kiran Karnik be the next Nasscom president?
New Delhi--Kiran Karnik, is one of the strong contenders for the post of president Nasscom, which fell vacant after the sudden death of Dewang Mehta. Sources said that Nasscom had not informed Karnik officially, however, they said that Infosys chairman NR Narayana Murthy informally discussed the issue with Karnik.
Karnik worked with ISRO earlier and set up Discovery India later and is said to combine a rare combination of a scientist and a top quality manager. He left Discovery India earlier this year
2 August 2001
Second recast at GTB
Mumbai--Global Trust Bank (GTB) founder-director Sridhar Subasri has resigned from the board of directors though he continues to be the executive director.
The board of GTB has undergone its second restructuring in less than six months. Sailendra Narain, former chairman and managing director (CMD) of Sidbi, has been inducted as a new director, along with P Kotaiah, former executive chairman of Nabard.
S K Soni, former CMD of Oriental Bank of Commerce has been invited to join the board.
GTB has been on a revamping exercise ever since the resignation of its founder CMD Ramesh Gelli, owning responsibility to the bank's over-exposure to the market in April and appointment of R S Hugar as the new CMD.
Hugar had reshuffled the portfolios of senior executives in May this year. The bank has changed the portfolio of three presidents.
A Anchan, who was president (treasury), has been given additional portfolio of credit and investment banking.
P C Narayan who was in charge of information technology and retail banking has been given the additional charge of operations, while K A Choudhury, who was in charge of credit, will look after the human resources, corporate affairs, accounts and planning.
