SBI Cards’ shares opened at Rs 675, against Rs 755 apiece offer price as coronavirus pandemic cast a shadow over India’s first pure-play credit card issuer's listing.
In a viral audio clip shared over the weekend, FM Sitharaman is purportedly heard rebuking SBI chairman and calling the bank ‘heartless’ and ‘inefficient’.
Sitharaman is heard slamming SBI chief Rajnish Kumar for SBI’s failure to operationalise bank accounts of Assam’s tea garden workers, in purported audio clip.
SBI will pick up 49 per cent stake in Yes Bank and cannot reduce its holding to below 26 per cent before three years from the date of capital infusion.
The biggest error in the plan executed to rescue Yes Bank was to trap depositors through Rs 50,000 withdrawal cap. It was both unnecessary and dangerous.
SBI chairman says if it picks up 49% stake in Yes Bank under RBI’s draft reconstruction scheme, the immediate investment requirement will be Rs 2,450 crore.
SBI has already obtained an 'in-principle' approval to explore investment opportunities in Yes Bank and a former SBI CFO has been appointed as an administrator.
Assam CM can’t celebrate that the Congress drew a blank in the Bodoland Territorial Council polls in 2010 as well as 2015, and bagged only one in 2020.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
In post on social media, Cooper narrated experience of MiG-21 researcher from Germany who wanted to attend aircraft’s farewell ceremony in India, and the roadblocks he faced.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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