COMMENTARY
INTERVIEWS
SPECIALS
CHAT
ARCHIVES

SBI's A N Joshi named BSE executive director

A N Joshi, deputy managing director of SBI Factors Limited, a subsidiary of the State Bank of India, has been appointed the executive director of the Bombay Stock Exchange.

The post had been vacant since R C Mathur resigned on April 12, 1999.

Mathur had resigned following the issue of a show-cause notice by the Securities and Exchange Board of India to him, former BSE president J C Parekh, and former vice-president Rajendra Banthia on February 10.

SEBI had issued notices to the officials for their collective failure to check price manipulation in the shares of BPL, Videocon International and Sterlite in May 1988.

According to sources at the exchange, the newly appointed executive director is on leave and will resume office very soon.

UNI

Business news