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According to a source, the appointment of Challa Sreenivasulu Setty as managing director (MD) of SBI has been cleared by the BBB, headed by former Department of Personnel and Training secretary BP Sharma, while the name of Ashwin Bhatia, MD & CEO of SBI Mutual Fund, has been kept as a standby for the same position.

SBI raises $300 mn via Formosa bonds

The bond is benchmarked against the 5-year US treasury and priced at a spread of 100 basis points over the benchmark

14 Jan 2022 9:13 AM IST

A receptionist works at a Tesla showroom in Beijing, China. (Photo: AP)

Tesla working through 'challenges' with govt to launch products in...

Last year, Tesla had sought a reduction in import duties on electric vehicles (EVs) in India

13 Jan 2022 11:15 AM IST

The shake-up led to consolidation, with Vodafone Plc merging its Indian operations with Idea Cellular last year in a deal worth $23 billion.

Government to be largest shareholder in Vi

The company informed telecom department that it would opt for converting the interest on spectrum and AGR dues into...

12 Jan 2022 10:22 AM IST

Gold prices in the international market are 12 per cent lower than their record high levels of $2,072 per ounce. DC Image

Jim Rogers expects bear market by year-end

Rogers, co-founder of the Quantum Fund and Soros Fund Management, expects equity markets are going to see a correction

12 Jan 2022 10:20 AM IST

All types of retailers should be allowed home delivery. (AP Photo)

Retail starts feeling Omicron heat

Omicron started playing the spoilsport in the last week of December and dragged down much growth seen in the first 3...

12 Jan 2022 10:18 AM IST

Paytm plans to raise Rs 18,300 crore from the IPO. (Photo: PTI)

Paytm shares Hit New Low On Downgrade

After a 6 per cent fall on Monday, One 97 Communication fell another 3.32 per cent on Tuesday to close at Rs 1,119.50...

12 Jan 2022 10:10 AM IST

Reliance said in a stock exchange filing on Saturday its industrial investments subsidiary will acquire Cayman Islands-based Columbus Centre Corp (Cayman) for an equity value of approximately $98.15 million. (Reuters Photo)

Reliance to buy control of Mandarin Oriental New York in $98 mln deal

The closing of the transaction is anticipated by the end of March 2022, the company said

9 Jan 2022 4:33 PM IST

SBI reports over four-fold jump in Q4 profit. (PTI Photo)

SBI makes online IMPS transactions upto Rs 5 lakh free

In the case of Branch Channels, there is no change in the service charges in the existing slabs

4 Jan 2022 7:34 PM IST

A health worker prepares to administer a dose of COVID-19 vaccine to a teenager at a government school in Bengaluru. (Photo: PTI)

India seeks emergency meeting of WTO's General Council to discuss...

WTO is a 164-member multilateral body which formulate rules for global exports and imports

3 Jan 2022 3:19 PM IST

The customers are eligible for five free transactions (inclusive of financial and non-financial transactions) every month from their own bank ATMs. (Representational Image/PTI)

ATM service charges increase, to cost Rs 21 per transaction from today

Banks have been permitted to charge Rs 21, instead of Rs 20 with applicable taxes, if any, shall be additionally payable

1 Jan 2022 1:11 PM IST

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman gestures during a news conference after the 46th GST Council meeting, in New Delhi, Friday, Dec 31, 2021. (PTI Photo/Kamal Kishore)

GST council puts off rate hike on textiles

The matter has been referred to the tax rate rationalisation committee and it will be discussed again at the next...

1 Jan 2022 7:13 AM IST

RBI has advised banks and other regulated entities not to take restrictive action against customers till the fiscal end. (Photo: PTI)

RBI extends deadline for periodic KYC update till March 31

Earlier in May, the RBI had extended the last date for updation of KYC by regulated entities till December-end

30 Dec 2021 3:14 PM IST