P Rama Mohana Rao

Rama Mohan Rao Amara, MD & CEO, SBI Card spoke on the reasons behind record spends, the company's ideal run rate of issuance of credit cards, impact of RBI's discussion paper on payment charges.

Rao was appointed, sponsored and nurtured by Jayalalithaa

The state government had last week appointed Girija Vaidyanathan in his place

Sacked Tamil Nadu Chief Secretary P Rama Mohana Rao today claimed he still continues to hold the post, saying no transfer order had been served on him and described the Income Tax raids at his premises here as a "constitutional assault" on the top office. Rao also denied having any links with arrested sand mining baron Shekher Reddy. A combative Rao, who claimed the I-T search warrant did not have his name, repeatedly invoked the legacy of former Chief Minister, the late J Jayalalithaa, and asked if raids would have occurred at his office had she been alive. Addressing a packed press conference at his Anna Nagar residence, where the tax men swooped down early morning last week, he said all they could find was Rs 1,12,320 in cash, 40 to 50 sovereigns of gold "on person" of his wife and daughter and 20-25 kg of silver articles, including idols of gods. No incriminating documents were found from there, he claimed. "I was under house arrest by CRPF. It is a constitutional assau

On Dec 21, Rao's house and office were raided by I-T, who claimed to have recovered Rs 30 lakh cash, 5 kg gold

VIvek Papisetty picked interest in half a dozen companies after his father became secretary