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Arundhati Bhattacharya is the new managing director of SBI
The Govt. has appointment Arundhati Bhattacharya has been appointed as the new managing director of the State Bank of India (SBI). Previously, Bhattacharya was the managing director of SBI Capital, the merchant banking arm of the bank. Who is SBI’s first ..
Month: Current Affairs - August, 2013
Fact Box: 'Diaspora Bonds'
India thinks over ‘Diaspora Bonds’ India is examining to introduce “Diaspora Bonds” to attract investment from NRIs (Non-Resident Indians), to facilitate greater inflow of funds in the infrastructure sector. The government is examining longer-term investment instruments for overseas Indians so that the ..
Month: Current Affairs - June, 2013
Sharad Sharma becomes ED of Geojit BNP Paribas
Sharad Sharma has been appointed as the Executive Director of Geojit BNP Paribas to oversee the company’s operations. Satish Menon, also the Executive Director, will be responsible for all business lines. Things you should know about BNP Paribas and Geojit ..
Month: Current Affairs - February, 2013
SBI slashes base rate to 9.7%
India’s largest public sector bank, State Bank of India, has cut its base rate (minimum lending rate) marginally from current 9.75% to 9.70%. The decision came following RBI cut its key policy rate and the cash reserve ratio by 25 ..
Month: Current Affairs - February, 2013
SEBI revises OFS mechanism
Market regulator, the Securities and Exchange Board of India (SEBI), has revised the Offer For Sale (OFS) mechanism as the deadline is approaching for the promoters of listed companies to offload their stake to meet the minimum public shareholding norm ..
Month: Current Affairs - February, 2013
Central Government to infuse Rs 3,004 crore in SBI
The Central Govt will infuse a capital of Rs. Rs 3,004 crore in State Bank of India (SBI) as a part of capital infusion plan for the current fiscal. The liquidity infusion will enable the bank to support national and ..
Month: Current Affairs - January, 2013
SBI to set up 'by-invitation-only' branches to serve Super-rich and NRIs
India’s largest public sector bank, State Bank of India (SBI), along with its associates, plans to set up ‘by-invitation-only’ branches under the ‘Kohinoor’ brand in 20 cities to serve uber-rich customers and Non-Resident Indians (NRIs). What would be so special ..
Month: Current Affairs - January, 2013
SBI unveils MobiCash Easy
State Bank of India (SBI) has unveiled its mobile wallet named State Bank MobiCash Easy which provides facilities such as fund transfer, bill payment, balance inquiry, mini statement, mobile top-ups and DTH recharge etc. How does SBI’s MobiCash works?
Month: Current Affairs - January, 2013
SBI, RDIF collaborate to form $2 billion consortium
To encourage investments b/w the two nations, India’s State Bank of India (SBI) and Russian sovereign wealth fund Russian Direct Investment Fund (RDIF) came together to ink an MoU for setting up a $2 billion investment consortium. Both the groups ..
Month: Current Affairs - December, 2012
RBI sets up supervisory colleges for SBI, ICICI
The RBI has for the first time established the ‘Supervisory College’ for cross border supervision of State Bank of India (SBI) and ICICI Bank. What is the role of “Supervisory College”? The main role of the supervisory college, comprising local ..