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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

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

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

In September 2021, a reference was sent to sector regulator TRAI, seeking recommendations for the 5G spectrum auction and various modalities such as reserve price, band plan, block size, quantum of spectrum to be auctioned, it said. (PTI Photo)

5G services to be rolled out in India's four metros, selected cities...

On 5G Test bed, it informed that the indigenous 5G test bed project funded by the DoT has reached its final stages

28 Dec 2021 11:44 AM IST

A file picture of the Mundra International Container Port. (Photo: PTI)

Container shortage eases

The pandemic had hit the manufacturing of containers in different parts of the world, aggravating the shortage

20 Dec 2021 7:25 AM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)

Over Rs 51K cr unclaimed money lies with FIs

The number of accounts not operated for more than 10 years in urban co-operative banks was 77 lakh and Rs 2,341 crore,...

15 Dec 2021 10:01 AM IST

E-commerce has been one sector which has been recording phenomenal value growth during festive season year-after-year.

Retail sector looks to hire freshers

The pandemic has created a new retail shopping experience which is leading to rise of jobs and opportunities for...

13 Dec 2021 9:31 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

Covid fear: Gold ETFs see high inflow in November

The higher inflow saw the assets managed by the funds touching Rs 18,104 crore in November against Rs 17,320 crore in...

13 Dec 2021 9:29 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

Duties fail to make dent in gold imports

The duty benefits led to rapid expansion of refining capacity in India, with number of refineries growing from three in...

10 Dec 2021 9:24 AM IST

Housing sales fell 67 per cent at 21,294 units across nine major cities during April-June due to outbreak of the coronavirus pandemic. (PTI Photo)

Housing prices to move up 5% in 2022: Report

While 2021 was mostly impacted by pandemic-induced volatility, 2022 may prove to be a more stable year for the sector

10 Dec 2021 9:22 AM IST

According to the data released by the Central Electricity Authority, solar power generation in the second quarter (Q2) of calendar year 2019 increased by 29 per cent year-on-year to 12,277 million units (MUs) compared to Q2 2018 during which approximately 9,514 MUs were generated by solar projects.

Solar installations up 335% in nine months

Installations grew despite market challenges, according to a report by Mercom India

10 Dec 2021 9:04 AM IST

Currency experts have a bullish outlook for the rupee this week.

PMS-AIF Set To Be Rs 50-L Cr industry In 10 Years

Assets under management of discretionary and non-discretionary PMS (non-EPFO) stood at Rs 3.97 lakh crore at the end of...

7 Dec 2021 12:18 AM IST