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SBI
Govt Appoints 10 Public Sector Bank Chiefs, SBI CEO
Gold Silver Reports (GSR) – Five of the 10 newly named MDs and CEOs are working as deputy managing directors in SBI. Mahapatra and Chundru will have tenure till the date of their superannuation, i.e. May 31, 2020 and August 31, 2021, respectively, the order issued by the personnel ministry said.
Stock Market : SBI, Vakrangee, Jet Airways, GAIL, Hindalco, Bosch
Stocks slipped in Asia after the dollar climbed and Treasuries rose, with investors assessing the impact of the latest tit-for-tat in the trade war as well as sanctions on Russia that hit the ruble.
Banks Collect Rs 5,000 Crore From Minimum Balance Penalty
Gold Silver Reports (GSR) – As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data.
Stocks To Watch: Bandhan Bank, GSK Consumer, IDBI Bank, SBI
Gold Silver Reports (GSR) – Stocks To Watch: Bandhan Bank, GSK Consumer, IDBI Bank, SBI — Indian equity benchmarks rose for second straight day led by banks after the government reduced its borrowings for April-September by half. Strong global markets on the back of easing U.S.-China trade tensions also aided gains.
SBI Raises Bulk Deposit Rate by 1 Percentage Point
Gold Silver Reports – State Bank of India (SBI) raised interest rates on bulk deposits by 1 percentage point in certain categories, effective Thursday.