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MRT reserved seat hogger’s spat shines spotlight on Indian bankers in employ at local banks




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On May 15, Facebook user Whing Jenny complained about a woman who allegedly hogged a reserved seat in the MRT. On the same night, the woman’s husband, Tiwari Akshat, claimed that Jenny was “blatantly lying”.

He then went ahead to make a police report. In the report, he maintained that no one had approached him for the seat and that there were also many other vacant seats in the train.

The Independent SG also reported the incident on 16 and 18 May:


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The Independent SG further revealed that, according to his LinkedIn information, Tiwari Akshat is the Vice President at Bank of Tokyo-Mitsubishi UFJ and that he has an MBA from the University of Delhi.

However, it appears that Akshat Tiwari may not have liked the way The Independent SG reported the incident and has threatened defamation action against the publication.

The Independent SG responded by asking its readers if it should take down the article. It conducted a survey and of the over 2,200 respondents, 83.3 percent said ‘No’ (The poll was created on 18 May: https://www.poll-maker.com/poll1071142x49D64775-45).


World ranking for University of Delhi: 601—800th

According to The Times Higher Education, University of Delhi is ranked 601—800th in the world.

And what’s even more interesting is, from Akshat Tiwari’s LinkedIn information, it appears that a number of his colleagues working with him at the Bank of Tokyo-Mitsubishi UFJ in Singapore are mainly from India.

Here are some examples:
Sanman Shetty
Head of Trade & Supply Chain Finance Sales, Transaction Banking Office for Asia & Oceania at The Bank of Tokyo-Mitsubishi UFJ
University of Mumbai

Pradeep Kejriwal
Vice President at Bank of Tokyo-Mitsubishi UFJ
Xavier Institute of Management, Bhubaneswar in Odisha

Saravanan Santhanam
Vice President, Project Finance at Bank of Tokyo-Mitsubishi UFJ
Bharathidasan Institute of Management, Tiruchirapalli in Tamil Nadu

Surya Ramakrishanan
Assistant Vice President at The Bank of Tokyo-Mitsubishi UFJ
(didn’t list education in LinkedIn)

Archana Khemka
Credit Manager at Bank of Tokyo-Mitsubishi UFJ
S.P. Jain Institute of Management & Research in Mumbai

It’s unclear how many locals are employed at the Bank of Tokyo-Mitsubishi UFJ in Singapore. But in March, Manpower Minister Lim Swee Say said in Parliament that his Ministry took action against about 50 firms for failing to give Singaporeans a fair chance when hiring. He said these companies are among the uncooperative firms on the Fair Consideration Framework Watchlist, which keeps track of firms not doing enough to hire and groom Singaporeans.

But efinancialcareers, a leading financial services careers website, said Fair Consideration Framework (FCF) is not the main constraint on Indian bankers. The FCF requires employers to advertise jobs first to locals on the government jobs bank, but it does not apply to jobs paying more than S$144,000. Private bankers at Vice-President level in Singapore banks earn an annual base salaries of between S$220,000 and S$320,000, according to the Robert Walters Salary Survey.

source: We want Minister Grace Fu to resign

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