Sharad Pawar out of the ICC top job race
New Delhi: BCCI President Sharad Pawar has ruled himself out of immediate contention for the top job in the International Cricket Council which became vacant after the death of Percy Sonn. Pawar said the post should go to a South African.

Pawar had earlier been pitted as a candidate to succeed Sonn against England Cricket Board chief David Morgan but the ICC Board saw a split vote between the two and consequently extended Sonn's tennure till 2009.

Sonn, a former South African board chairman, died on May 27 after developing complications from a colon operation in Cape Town, South Africa.

The ICC will appoint an acting president to chair its annual meeting in the third week of June.
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Shareholders approve appointment of Nayak as UTI Bank executive chairman
Mumbai: UTI Bank shareholders gave approved the appointment of P J Nayak as executive chairman in accordance with the Banking Regulation Act.

According to the Banking Regulation Act 10(B), a bank chairman can either be whole-time or part-time. The whole-time chairman is in control of the day-to-day affairs of the bank.

The bank will now seek the approval of the Reserve Bank of India, which last week wrote to private sector banks asking large-sized private sector banks to have a non-executive director as chairman and a chief executive officer and managing director.

Meanwhile the RBI has sent a separate communication to UTI Bank stating that it would convey its decision on Nayak's appointment after the bank formally applies to it after the shareholders' approval.
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Mohit Batra joins Motilal Oswal
Mumbai: Mohit Batra has joined Motilal Oswal Financial Services as senior vice-president - private client group (PCG). Earlier, Batra was with ABN Amro Bank as vice-president and program head, India-Van Gogh Preferred Bank and Business Banking.
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