April 2024
Beginner
760 pages
39h 4m
English
book
Fernando's Business Ethics and Corporate Governance, 3rd Edition
by K P Muraleedharan, E K Satheesh
Content preview from Fernando's Business Ethics and Corporate Governance, 3rd Edition
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Chapter 4 Ethical Decision-making in Business 143
1.
T
he RBI could have moved against GTB in 2002
itself when its inspectors stumbled upon the bank’s
crooked ways and could have superceded the GTB
Board under the Banking Regulation and RBI Act.
Having done so, it could have appointed its own
executives to clear up the mess, before putting it up
on the block or inducting a new management, like
it did in case of the Centurion Bank.
2.
Som
e analysts recall that the RBI indicted Gelli
in 2001 for being hand-in-glove with the scamster
Ketan Parekh in the stock market manipulations.
Gelli was later removed as the chairman of GTB.
That there ...
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