Chopra new chairman of Albright & Wilson
Mumbai: Mr. DD Chopra has been appointed chairman of Albright & Wilson India, the Indian-subsidiary of the French global specialty chemicals giant Rhodia.

Prior to this appointment, Mr Chopra was the executive chairman and full time director of Rhone Poulenc (India) Ltd, where he served for nearly 14 years in various capacities before becoming chairman.

According to Rhodia country manager Nigel Toft, Mr. Chopra, one of the most eminent personalities in the Indian pharmaceuticals and chemicals sector, brings to the company strong leadership abilities, a hands-on management background and an immense knowledge of the Indian and Asian markets.
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Syndicate Bank to get new executive director
Bangalore: Mr. MS Kapur, currently executive director of Punjab and Sind Bank, has been appointed the new executive director of Syndicate Bank. His new assignment will run up to March 2006.

Mr. Kapur joined Punjab and Sind Bank in 1969. He also served as chief vigilance officer in Union Bank of India and the Indian Overseas bank before taking charge as executive director at Punjab and Sind Bank. He brings to his new position 32 years of varied experience in the banking sector.
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RBI ‘removes’ Murthy him from Nedungadi Bank board
Our Bureau: Two weeks after his resignation from the charimanship of Nedungadi Bank, the Reserve Bank of India has rejected his resignation and taken the drastic step of removing him from the post under the Banking Regulations Act.

This is one of the rarest cases of the RBI exercising its powers to sack chairmen of commercial banks and has been taken based on clinching evidence the apex bank has of Mr Murthy’s personal involvement in the share arbitrage scam.

According to sources in the RBI, the apex bank may proceed against Mr Moorthy for acting aganist the interest of the depositors and the public.

Among the main charges aganist Mr Moorthy is that the exposure limit to share brokers, fixed initially at Rs 5 crore and later extended upto Rs 15 crore, shot upto Rs 95 crore.

The beleaguered bank is said to be on the lookout for a suitable banking professional to head the bank.
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