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

Government's plan to infuse Rs 20,000 crore into public sector banks puts no pressure on the Centre, but the lenders have to be ready with enough capital if matters go south

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

This issuance comes after a successful issue of Tier 2 bonds worth Rs 8,931 crore last month by State Bank of India

Yesterday, SBI proposed a voluntary retirement scheme under which the bank said about 30,190 employees are eligible. SBI has an existing workforce of around 2.50 lakh

State Bank of India (SBI) has planned a voluntary retirement scheme (VRS) with an aim to cut costs

While most countries are in different stages of trials with regard to their potential COVID-19 vaccine candidates, Russia is all set to roll out its newly developed vaccine Sputnik V for civilian use this week; Delhi Metro has resumed services in three stages from Sept. 7 after a hiatus of over five months due to the Covid-19 pandemic, but stations in containment zones would remain closed; Banks may restructure loans of more than Rs 10 lakh crore largely attributed to 5-6 critical sectors, including aviation, commercial real estate and hospitality, that have been severely hit by the COVID-19 outbreak Watch this and more news on News Blast.Also Read: Vodafone Idea share rises 10% after board clears plan to raise Rs 25,000 crore

Delhi Metro to resume in 3 stages, stations in containment zones to remain shutDelhi Metro is set to resume services in three stages from Sept. 7 after a hiatus of over five months due to the Covid-19 pandemic, but stations in containment zones would remain closed, DMRC said. Officials of the urban transporter also cautioned that \"trains may not stop at some of the stations\" if social distancing norms are not adhered to by the passengers.Transfer cash to poor, give free food, borrow more ...

Stocks to watch today on September 7: SBI, Lakshmi Vilas Bank, RIL, Maruti Suzuki, Vodafone Idea among others are the top stocks to watch out for in Monday's trading session

Doctors at Fortis Hospital in Bannerghatta Road confirmed that the woman recovered from COVID-19 in July, and called it \"the first case of COVID-19 reinfection\" in Bengaluru

The proposed scheme -- 'Second Innings Tap VRS-2020' -- is aimed at optimising human resources and costs of the bank

State Bank of India (SBI) has changed the marginal cost of funds based lending rate (MCLR) linked retail loan's reset frequency to 6 months as against 1-year earlier

As per the proposed eligibility criteria, a total of 11,565 officers and 18,625 staff of SBI qualify for the new VRS scheme

Catch top stories from the world of business and economy with BusinessToday.In end of day report

Renu Pall faces charges of fraud for claiming VAT refunds, hiring a transit accommodation for rent of Rs 15 lakh per month as well as misrepresentation of facts on permissions taken from the ministry

\"The amalgamation process will take some time and the new entity will start functioning from April 1, 2020,\" MD and CEO of UBI, Ashok Kumar Pradhan, said

The Emami Ltd share price rose up to 14.77% to 407.50 compared to the previous close of 355.05 on the BSE. Emami share opened 3.06% higher at 365.90 on the BSE.  Emami share price has lost 25.76% during the last one year and fallen 5.64% since the beginning of this year.

\"Indian companies have gamed the system and made the best use of this flawed immigration system\" US Congressman Darrell Issa, who recently introduced a legislation for a massive hike in minimum salary for those employed on H-1B visas.