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Sunday, September 29, 2024
TopicSBI

Topic: SBI

SBI report says rural economy is losing steam, flags rising unemployment and fall in wages

For 12 Indian states, the loss in state GDP in the current fiscal is mainly due to the rural areas, says the research report by State Bank of India.

High Covid fatality in states linked to elderly population, peak a month away — SBI report

Report correlates high Covid fatality rate in Tamil Nadu, Punjab, J&K, Maharashtra & West Bengal to their high elderly population. But experts refute this assertion.

Banks Board Bureau recommends managing director Dinesh Khara as next SBI chairman

Senior-most managing director Dinesh Khara will replace SBI Chairman Rajnish Kumar, whose three-year term comes to an end on 7 October.

India plans to hire Deloitte, SBI Caps to help LIC prepare for IPO

The advisers will help evaluate the capital structure of India’s biggest insurer as well as aid the company in reworking its financial statement ahead of its initial share sale.

Anil Ambani in trouble as NCLT agrees to hear SBI plea to start personal bankruptcy process

If NCLT admits Anil Ambani into the bankruptcy process, a list of all claims against him will be compiled and a repayment plan will be worked out, according to rules.

Rural districts new hotspots, account for over 50% new Covid cases in July, Aug — SBI report

SBI research report says number of rural districts with less than 10 cases has fallen to 14 in Aug, from 55 in June. Full-year contraction forecast in double digits.

India’s bond market is so hot even Baba Ramdev is selling debt

Baba Ramdev’s Patanjali & Wipro are among 91 maiden bond sellers this year compared to only 61 making their bond-market debut in the same period 2019.

India’s richest states will have biggest income losses, SBI says

Eight of the wealthiest states and UTs, including Delhi and Maharashtra, will post double-digit contractions in income this fiscal year through March 2021.

Sreenivasulu Setty, debt collector boy from Andhra chasing $20 billion bad loans at SBI

Sreenivasulu Setty is one of three MDs at SBI and one of his tasks is to head recovery of the bank’s nearly $20 billion bad-loan pile.

SBI seeks to recover $158 million from Anil Ambani

State Bank of India is seeking to recover more than $158 million under the personal guarantee clause of the bankruptcy law.

On Camera

Hassan Nasrallah’s assassination underlines Israel’s military supremacy. Will it win peace?

Israeli Prime Minister Benjamin Netanyahu has no intention of being drawn into another attritional war with Hezbollah. His commanders they are unlikely to win.

10 yrs ago, battery leasing failed to boost demand for EV cars in India. Now, it’s making a comeback

Under this model, battery is provided to EV owners on a subscription basis or lease. With more people open to buying EV cars, the lower upfront cost could likely drive wider acceptance.

Morocco signs pact with Tata for joint manufacture of WhAP Infantry Fighting Vehicle

The armoured platform is India's first amphibious infantry combat wheeled vehicle. Last year, the Royal Moroccan Armed Forces had procured 90 military trucks from the Tata Group.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?