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SBI elevates 7 CGM-ranking officials to deputy managing director rank

The selection panel of the board used face-to-face interaction as well as hybrid mode to carry out performance review and promotion exercise

YES Bank board approves buyback of overseas bonds up to $200 mn

The lender will do the repurchase at 97% of the principal amount of the notes.

Freak trade in Nifty options? Contracts with strike price 14,500 allowed

Market players said this could be due to punching error where the trader sold 14,500 call options instead of 16,500 call options

Centre will next arrest Manish Sisodia in false case: Delhi CM Kejriwal

Health Minister Satyendar Jain's arrest is part of conspiracy to harass AAP government, he says

Bank of Baroda revises proposed dividend upwards to Rs 2.85 per share

Small impact on net-worth and capital adequacy. The dividend payment is subject to shareholders' approval at the annual general meeting

eMudhra ends flat on debut after 9% spike over IPO price in intraday trade

The firm's Rs 413-crore IPO had garnered 2.7x subscription. Through the offer, eMudhra raised Rs 200 cr fresh capital, remaining was secondary sale

Time ripe for further transformation to make bank future-ready: SBI chief

State Bank of India will focus on digital agenda, and partner with fintech firms and NBFCs to drive growth, says Dinesh Khara

HDFC raises interest rate by 5 bps; ICICI Bank raises MCLR by 30 bps

As of December 2021, a little over 39% of banking system loans are linked to the external benchmark, shows RBI data

Moody's upgrades BPCL outlook to 'stable' as govt calls off stake sale

The rating agency affirmed BPCL's Baa3 issuer rating reflecting its position as the second-largest state-owned refining and marketing company in India

Housing price index records slower annual growth in Q4, says RBI

The y-o-y movements in HPI varied widely across the cities - ranging from a growth of 19.2 per cent (Kolkata) to a contraction of 11.3 per cent (Bengaluru), Reserve Bank of India said in a statement

Credit offtake remains robust in April across sectors, shows RBI data

Loans to medium-sized industries gerew 53.5% this April as compared with 44.8% a year ago

Cargo handling by Essar Vizag port up by 10% YoY to 1.3 mn tonnes in Apr

Surge in traffic marks the uptick in Indian steel sector, a major contributor to India's manufacturing output

Irdai fines Deinon Risk Rs 10 lakh for acting as insurance intermediary

The firm did not have a valid registration with the insurance regulator

Retired SBI senior executive Natarajan Sundar joins NARCL as MD CEO

Karnam Sekar, Malvika Sinha named independent directors; NARCL Board now has 5 nominees from shareholder banks, one more independent director likely to join soon

Adani Enterprises seen replacing Shree Cement in Nifty 50 index

Analysts say AEL meets all requirements to make it to the benchmark index. Inclusion will be a big boost for the stock, resulting in passive inflows of $183 million

Ethos shares sink 9% over issue price on debut, 1.1 mn shares change hands

The poor listing day performance follows lukewarm response to the company's IPO, which had managed to scrape through with just 1.03% subscription

IPO subscriptions: Process only money-backed ASBA applications, says Sebi

Latest directive follows instances during LIC's IPO where certain applications had to be cancelled as they didn't have sufficient funds in bank accounts

Amazon Prime signs licensing deal with film producer Sajid Nadiadwala

The latter owns production house Nadiadwala Grandson Entertainment (NGE), which has released films such as Housefull, Baaghi and Kick

K L Thapar, Chairman Emeritus of non-profit AITD, dies at age 89

Thapar, before setting up AITD, was Principal Adviser in the Planning Commission.

US to issue fresh tourist visas from September after prolonged suspension

Fresh issuance of tourist visas was suspended during the pandemic and only renewals were taking place