The government Wednesday said it will infuse Rs.14,000 crore equity capital in 20 public sector banks during the current financial year. “The Government of India has approved infusion of Rs.14,000 crore in the PSBs during financial year 2013-14, through preferential allotment of equity in its favour,” the finance ministry said [...]
Post Tagged with: "State Bank of India"
Arundhati Bhattacharya Monday took over as the new chairperson of the State Bank of India (SBI). She is the first woman to be appointed to the top job at the country’s largest lender. Prior to her elevation to the top job, 57-year-old Bhattacharya was managing director and chief financial officer [...]
India’s current account deficit rose to $21.8 billion or 4.9 percent of the country’s gross domestic product (GDP) in the quarter ended June, official data showed Monday. According to the data released by the Reserve Bank of India (RBI), the current account deficit or the different between inflow and outflow [...]