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Govt approves 22nd tranche of electoral bonds
... bonds that will be available for sale on October 1. As part of an effort to bring transparency to political funding, electoral bonds have been pitched as an alternative to cash donations made to political parties. The finance ministry said that the SBI has been authorised to issue and issue electoral bonds through its 29 authorised branches from October 1 -- 10 in the 22nd phase of sale. The authorised SBI branches are located in Lucknow, Shimla, Dehradun, Kolkata, Guwahati, Chennai, Patna, New ...
Updated: 09/29/2022
Adani Enterprises secures financial closure of six-lane Ganga Expressway Project in Uttar Pradesh
... delighted to provide the much-needed road connectivity across the nation. The State Bank of India has underwritten the entire debt requirement of Rs 10,238 crore for Ganga Expressway Projects BHRPL, HURPL UPRPL With the help of this facility from the SBI, we have moved a step closer to providing our country and the state of UP with another landmark infrastructure. AEL's road portfolio has 18 projects with more than 6,400 lane kms and an asset value of over 44,000 crore. It covers 10 states including ...
Updated: 09/29/2022
RBI rate-setting panel starts deliberations on inflation, foreign capital inflows
The Reserve Bank's rate-setting panel on Wednesday started deliberations on the eagerly anticipated monetary policy amidst expectation of 50 basis points hike in order to check inflation and improve foreign capital inflow to curb declining value of the rupee against the US dollar. The Reserve Bank's rate-setting panel on Wednesday started deliberations on the eagerly anticipated monetary policy amidst expectation of 50 basis points hike in order to check inflation and improve foreign capital inflow...
Updated: 09/28/2022
Srei Infrastructure Finance, Srei Equipment Finance invite new resolution plans by October 15
... administrator Rajnish Sharma invited lenders to vote on a proposal to float a new RFP, which lenders voted on September 17. The note said that the State Bank of India , which has a voting share of 8.64%, voted against the resolution to reissue the RFP. SBI did not want to dilute the terms of the RFP, nor was it keen on giving an extension, said a person aware of the development. A resolution that required 51% voting from lenders was passed after other banks with 56% voting rights backed it. Canara ...
Updated: 09/28/2022
Sensex falls 37 points, Nifty ends flat
... Asian markets. The indices attempted a comeback during the session but gave up gains in the last 45 minutes of trade. Sensex fell 37 points to 57,107 and Nifty lost 9 points to 17,007. Among the 30 share Sensex pack, Tata Steel, Titan, Kotak Bank, SBI and HDFC were the top Sensex losers falling to 1.85 per cent. The top Sensex gainers were IndusInd Bank, PowerGrid, HCL Tech, Infoys Wipro and Dr Reddy's. Here is a look at stocks that are likely to remain in news today. Axis Bank: The lender will ...
Updated: 09/28/2022
Bank of India acquires 5.56% stake in Open Network for Digital Commerce for Rs 10 crore
... Rs 10 crore. In March, Punjab National Bank had also acquired 5.97 per cent of the ONDC for Rs 10 crore. In March, HDFC Bank said that it had a 7.84 per cent stake in ONDC for Rs 10 crore. Kotak Mahindra Bank , Axis Bank , State Bank of Lndia SBI also acquired a 7.84 per cent stake in ONDC for Rs 10 crore. Bombay Stock Exchange 's BSE 100 per cent subsidiary BSE Investments Limited BSEIL acquired 5.88 per cent of the ONDC. The Open Network for Digital Commerce initiative aims at promoting ...
Updated: 09/28/2022
Srei Infrastructure Finance, Srei Equipment Finance seek resolution plans
... administrator Rajnish Sharma invited lenders to vote on a proposal to float a new RFP, which lenders voted on September 17. The note said that the State Bank of India , which has a voting share of 8.64%, voted against the resolution to reissue the RFP. SBI did not want to dilute the terms of the RFP, nor was it keen on giving an extension, said a person aware of the development. The resolution that required 51% voting from lenders was passed after other banks with 56% voting rights backed it. Canara ...
Updated: 09/26/2022
SBI chairman urges customers to report unauthorised transactions
State Bank of India SBI Chairman Dinesh Kumar Khara said that customers should be told to report any unauthorised transaction so that it can be inspected on a timely basis. State Bank of India SBI Chairman Dinesh Kumar Khara said that customers should be told to report ...
Updated: 09/26/2022
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