SBI Raises ₹50,000 Crore Through AT1 Bonds at 7.98% Overview of SBI’s Fundraising Initiative The State Bank of India (SBI), one of India’s largest public sector banks, has successfully raised ₹50,000 crore through Additional Tier 1 (AT1) bonds. These bonds were issued at an attractive coupon rate of 7.98%, aimed at bolstering the bank’s capital…
RBI Appoints R. Lakshmi Kanth Rao as Executive Director The Reserve Bank of India (RBI) has recently announced the appointment of R. Lakshmi Kanth Rao as its new Executive Director. This move comes amidst a crucial phase for the central bank, as it navigates through various economic challenges and policy decisions. R. Lakshmi Kanth Rao…
Vijay Shekhar Sharma Steps Down from Paytm Payments Bank Board Vijay Shekhar Sharma, the founder of Paytm, has announced his resignation from the board of directors of Paytm Payments Bank. This decision comes amidst a strategic realignment within the company and broader changes in the digital payments landscape. In a recent development, Vijay Shekhar Sharma,…
ICICI Bank Secures RBI Nod for Sandeep Batra’s Re-appointment as Executive Director ICICI Bank recently received the coveted approval from the Reserve Bank of India (RBI) for the re-appointment of Sandeep Batra as its Executive Director. This strategic move reaffirms the bank’s commitment to maintaining leadership continuity and leveraging Batra’s wealth of experience. Batra, with…
Sovereign Gold Bond Scheme – Issue Price Fixed at Rs 5,926 per gram Introduction: The Sovereign Gold Bond (SGB) Scheme, a government initiative aimed at encouraging investments in gold, has fixed the issue price for the latest tranche at Rs 5,926 per gram. This move comes as a significant development in the gold market and…
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