Dinesh Kumar Khara is taking over at a time when the overall economy is expected to shrink for the first time in the last four decades

China not allowed! India approves 16 for incentive scheme, none from ChinaThe government on Tuesday released the names of 16 applicants who have been found eligible for the product linked incentive scheme for large scale electronics manufacturing launched in April this year, including Samsung, Lava, Micromax, Dixon and contract manufacturers for Apple iPhone - Foxconn, Wistron and Pegatron. None of the Chinese smartphone makers like Xiaomi, Vivo, Oppo, OnePlus or Realme figure in the list ev...

Stocks to watch today on October 7: TCS, RIL, SBI, Bajaj Finance, Future Consumer among others are the top stocks to watch out for in Wednesday's trading session

Khara will assume charge on October 7. He was one of the four managing directors of SBI and was in charge of global banking and subsidiaries of the bank

Under the partnership, HUL's retailers who use the company's Shikhar app will be able to avail of credit facility for payments to distributors through an integration with State Bank of India's (SBI) Yono app

Companies have time to approach banks for loan restructuring from September 15 till December 2020

SBI account holders can tap their Titan Pay watch on contact-less payment POS machine and payments of up to Rs 2,000 can be made without entering a PIN or swiping or inserting an SBI bank card, says Titan

SBI Chairman Rajnish Kumar added that SBI is adding over 70,000 customers per day to the platform, and has added 2.7 crore users in the last six months due to the COVID-19 pandemic

Financial services would be made available from October. Bank customers would be able to avail these services at nominal charges

The bankers want to stop moratorium, while the industrialists want the government to continue support system

Dinesh Kumar Khara is the Managing Director of Global Banking and Subsidiaries wing of State Bank of India and holds a Board-level position in the bank

As per the convention, the Chairman is appointed from a pool of serving Managing Directors of SBI, the country's largest lender

Taking to Twitter, Ministry of MSME on Wednesday announced that the central government has launched subordinate debt scheme to provide financial facility to stressed MSMEs

Talking about various steps taken to help MSMEs, he said banks have announced an emergency credit line for such businesses to improve their liquidity which has been hit by the outbreak of COVID-19

Canara bank's net interest income, the difference between interest earned and interest expended, grew 21.11 per cent to Rs 6,096 crore during the June quarter this fiscal

The lender reported an 81 per cent surge in profit and better asset quality as bad loan provisions dropped. Its provision coverage ratio, or the percentage of funds set aside for loan losses, was 86.32 per cent

Two-wheeler (2W) dispatches are expected to see further recovery on further ramp up in supply chains, thriving rural sentiment and rise in personal mobility needs on account of coronavirus

NEP 2020 has got the ball rolling to fix the school education but is innocuously quiet in acknowledging the contribution of the private schools and the failure of the public school system

Emphasising the need to value human culture, Yunus said everything the world has done is to fuel greed which has destroyed everything

The government recently decided against implementing the new return format and instead stuck to the existing one with some improvements like introduction of GSTR 2B form and detailed GSTR1 and GSTR 3B forms