Ratnakar Bank appoints Joginder Singh as COO

Joginder Singh will join Ratnakar Bank in early February and will be based in the Mumbai office

Mumbai based Ratnakar Bank has announced the appointment of Joginder Singh Rana as chief operations officer (COO). After a 22 year successful stint at Citibank, Joginder will join Ratnakar Bank in early February and will be based in the Mumbai office. He will be responsible for the Bank’s operations & administration functions and will also spearhead the Bank’s operational risk and compliance framework. Joginder is a seasoned banker and has held senior leadership roles both in Citibank India and overseas.

Ratnakar Bank has also seen additional appointments in the last couple of months including R Gurumurthy as head of corporate & institutional banking, previously heading the FI Strategic Coverage Group for Standard Chartered Bank out of Mumbai and Tajinder Kumar who has joined as the Head of Human Resources; his last corporate role was as the Human Resources Director of Asia Pacific Regional Group Technology & Operations organization of Deutsche Bank AG in Singapore.

Vishwavir Ahuja, Managing Director & CEO of Ratnakar Bank commented “I am truly delighted that these individuals have agreed to take on their respective roles. We know that they are not only a highly talented group and motivated team players but truly understand how to build a strong banking platform and lead people.

These appointments are a significant step forward in delivering our vision and underline, our commitment to the bank’s transformation. They will join a highly experienced team across India that is committed to deliver best in banking services – a culture that has been proven to benefit our clients in all regions.”


UTV denies purchasing rights for Salman starrer 'Dabangg 2'

Arbaaz Khan will direct Dabangg2 after Abhinav opted out from it, with Salman and Sonakshi  as the lead pair

Mumbai: UTV Motion Pictures has brushed aside rumours of purchasing the rights of the sequel to Salman Khan-Sonakshi Sinha starrer, 'Dabangg 2' for Rs140 crore, reports PTI.

'Dabangg' became the highest grosser of 2010 and went on to bag several honours at different award ceremonies including the National award for wholesome entertainment.

There were reports that Salman Khan's 'Dabangg 2' has been picked up by UTV Motion Pictures for Rs140 crore including the print and advertising costs but the production house has rubbished all the talk.

"There have been irresponsible reports in certain sections of the media that UTV has bought the rights for 'Dabangg 2' for Rs140 crore, despite us clearly denying this," an official statement from UTV Motion Pictures said.

"We would like to clarify that UTV has not purchased the rights of the movie in question. We have been very open about announcing our new projects and communicated them to the media and will continue to do so. We hope this puts all speculations to rest," the statement said.

The 2010 action film was directed by Abhinav Kashyap and produced by Arbaaz Khan under the Arbaaz Khan Productions. 

For the sequel, Arbaaz will don the director's hat after Abhinav opted out of the second installment.

The original cast of Salman and Sonakshi will not change. However, the story will be shifted to a larger city. And Sonu Sood who played the baddie in the first part, has been replaced by Prakash Raj to play the villain.

The sequel will go on floors in March and the film will be a 2012 Christmas release.



Indians' optimism over job prospects for next one year dips says Nielsen

Though Indians remain optimistic about their jobs, levels of optimism have dropped, not surprisingly since macro- economic indicators point towards an overall slowdown of the economy

New Delhi: Indians' optimism over their job prospects in the next 12 months has declined in the last quarter of 2011 although they are the most confident compared to global peers, according to a report by global information and insights provider Nielsen.

The latest global consumer confidence findings for the fourth quarter in 2011 by Nielsen that polled more than 28,000 online consumers in 56 countries, pointed out that Indians' optimism over their job prospects dipped to 78% in the fourth quarter of 2011 from 81% in the previous quarter.

Notwithstanding the decline, Indians still topped the most confident chart on job prospects, followed by Indonesia (72%), the Philippines (72%), Brazil (71%) and China (68%), it said.

"Though Indians remain optimistic about their jobs, levels of optimism have dropped, not surprisingly since macro- economic indicators point towards an overall slowdown of the economy," Nielsen India Managing Director Justin Sargent said in a statement.

The equity markets have been weak and the currency has been devalued considerably, adding to the worries of the Indian consumer, he added.

The report further said 76% of Indian respondents are confident about the state of their personal finances compared to 77% in the previous quarter.

Indonesia continues to lead this scale with 83%, followed by the Philippines at 82% and Brazil with 80%. Indian optimism over their personal finances was at 80% in Q2, 2011, it added.

Yet, when it comes to overall consumer confidence levels, Indians continue to be the most confident, for the eight consecutive quarters across the globe, rising one index point in the fourth quarter over the previous year.

"The stabilisation of India's consumer confidence metric is encouraging and the retention of the top spot globally reminds us of the inherent strength of the Indian economy, the savings mindset of the Indian consumer," Mr Sargent said.




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