MARTIN LOUIS CHENNAI SUNDAY SEPTEMBER 29, 2019 `6.00 PAGES 28 LATE CITY EDITION LAKSHMI VILAS BANK UNDER RBI GLARE FOR HIGH NPA RBI has initiated Prompt Corrective Action against the Chennai-based bank over high NPA, insufficient capital INDIABULLS MERGER MAY BE AFFECTED REGULATORY CONTROL TO PARE RISK For FY19, the bank’s net NPA stood at 7.49%, capital adequacy ratio was at 7.72% and its return on assets was (-)2.32%. The regulatory action may cast doubts over the proposed merger of Indiabulls Housing Finance with LVB. LVB’s sorry state of affairs was revealed after a criminal complaint was filed against it by Religare Finvest alleging misappropriation of funds ■ ■ ■ Under PCA, banks are expected to cut lending to risky sectors and focus on reducing concentration of loans to such sectors United Bank of India, Indian Overseas Bank, Central Bank of India, IDBI Bank and UCO Bank are currently under PCA PCA for LVB was initiated after an on-site inspection for FY19 | P13 `894.1 crore THE NET LOSS REPORTED BY LAKSHMI VILAS BANK FOR 2018-19 CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOGGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ WARANGAL ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI India calls out ‘Osama defender’ Imran Using right to reply, Delhi rebuts Pak PM’s ‘hate speech’ at UNGA; MEA slams China for uttering K-word EXPRESS NEWS SERVICE TERMING Imran Khan’s address to the UN General Assembly on Friday as hate speech, India said Pakistan had “built an industry of terrorism from the ideology of hate” and called the Pakistani prime minister “an open defender of Osama bin Laden”. “Pakistan is a country that provides shelter to 130 UN-designated terrorists and 25 terror entities. Will Pakistan acknowledge it is the only government in the world that provides pension to an individual listed in the al-Qaeda and Daesh sanctions list?” said Vidisha Maitra, India’s first secretary at the permanent mission to the UN, while using the country’s right to reply . WITH THIS ISSUE PLUS 12 PAGES SC SETS UP CONSTITUTION BENCH OVER ART 370 The apex court on Saturday set up a five-judge Constitution bench headed by Justice N V Ramana, the third seniormost SC judge, to hear petitions challenging the Centre’s move to remove provisions of Article 370 that gave special status to J&K. The hearing is likely to begin on Oct 1. The Bench will also comprise justices Sanjay Kishen Kaul, R Subhash Reddy, B R Gavai and Surya Kant. Justice Kaul hails from the Valley “Imran’s speech was a callous portrayal of the world in binary terms. Us vs Them; Rich vs Poor; Developed Vs Developing; Muslims vs Others. Attempts to sharpen differences and stir up hatred are ‘hate speech’,” she said in her stinging rebuttal. Noting that words are of paramount importance in diplomacy, Maitra said, “Pogroms, Prime Minister Imran Khan Niazi, are EXPRESS READ Man chased down, hacked to death in public bus DATA BRAVE NEW FRONTIER not a phenomenon of today’s vibrant democracies. Invocation of phrases such as pogrom, bloodbath and pick up the gun reflect a medieval mindset and not a 21st century vision,” she said. Maitra said Pakistan should look into its own gross human rights violations before lecturing India. “Do not forget the gruesome genocide perpetrated by Pakistan against its own people in Tiruvannamalai: An eight-member gang chased down a man and murdered him inside a mini-bus, in front of scores of passengers, causing panic in the district. The dead and the attackers are said to be members of warring factions of the Sridhar Dhanapalan gang. Sridhar, known as Dawood of TN, died mysteriously 2 years back | P5 HC nod for CMRL to raze Thiru-Vi-Ka park Chennai: A division bench of Madras High Court has given its nod to CMRL to go ahead with its project through Thiru-Vi-Ka park at Shenoy Nagar, subject to the condition that 1,250 saplings must be planted to compensate the trees to be cut for the project. Two PILs filed in this regard were dismissed by the court | P3 1971 and the role played by Lt. Gen A A K Niazi, a sordid fact that the PM of Bangladesh reminded this Assembly about,” she said. Maitra added Khan had misused an august platform in his almost 50-minute long address. “Rarely has the UNGA witnessed such misuse, rather abuse, of an opportunity to reflect.” India’s external affairs ministry on Saturday criticised Chinese foreign minister Wang Yi for bringing up J&K and Ladakh in his UNGA address. “We expect that other countries will respect India’s sovereignty, and desist from efforts to change the status quo through the illegal so-called China-Pakistan Economic Corridor in PoK,” MEA spokesperson P9 Raveesh Kumar said. INTERVIEW UP CLOSE & PERSONAL The Sports Minister talks on the need for a sports culture, Tokyo Olympics hopes & need to control errant NSFs KIREN RIJIJU Minister of Youth Affairs & Sports FULL REPORT: P14 TOUGH LESSONS GANDHI’S SCHOOL THAT GOT LOST IN THE SANDS OF TIME A basic school in Bihar’s Champaran built in 1917, the first of many launched by Mahatma Gandhi to educate children as all-round personalities, lies uncared for R A J E S H K U M A R T H A K U R @ Barharwa-Lakhansen (Motihari) BESIDE a spanking new school building lie the thatched mud walls of a run-down five-room enclosure, 30 km south of Ghorasahan, close to the international borders with Nepal in East Champaran district of Bihar. A long queue of poor students — mostly in tatters and sans uniforms — are already in the corridors of the new building, awaiting their mid-day meal. But, it looks like there have been attempts of late to keep the mud walls of the ‘older’ school intact though it is clear no classOn the 150th es are held any more in the anniversary of structure. Mahatma Gandhi, After all, this was the first ba- we pay tribute to the sic school started on November contributions of the 13, 1917 at the height of the Cham- Father of the Nation, paran Satyagraha by none other in a multi-part series than Mahatma Gandhi — a true replica of his famed community experiment at the Tolstoy and Sphinx farms, which he had launched in South Africa as a young practicing lawyer in 1910. Old-timers recall that Gandhi stayed here with Kasturba Gandhi to teach for six months and brought a team of teachers as volunteers. However, today there are no takers for Gandhi’s school as it lies uncared for, a pale shadow of a novel idea that got lost in the sands of time. CONTINUED ON: P9 Two arrested, 4 detained in NEET case EXPRESS NEWS SERVICE @ Theni/Dharmapuri ACTION continued in the NEET impersonation case on Saturday, with CB-CID sleuths registering the arrest of yet another student and his father while detaining two more students and their dads. Praveen, admitted to SRM medical college in Chennai, and his father AKS Saravanan have been arrested. Two other students, both residents of Ayanavaram, admitted to Chennai colleges, have been brought to Theni for questioning along with their parents. Reports later in the day claimed those detained have also been arrested. Meanwhile, the CB-CID also conducted inquires at the Dharmapuri Medical College Hospital on Friday about a student who was absent for the certificate verification, and is on leave for the past few weeks. In another development, Theni Medical College authorities have lodged a complaint against two doctors for fudging the attendance register in favour of Udit Suriya, the first student to be P3 arrested in the case.
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