SBI General Insurance, a subsidiary of SBI, announced the appointment of Kishore Kumar Poludasu as its managing director and chief executive officer, according to PTI report. He was nominated by the parent company, State Bank of India, for the position and has been appointed with effect from October 4, 2022, SBI General Insurance said in…
BLS International, a global tech-enabled services partner for governments and citizens, announced that it has acquired Mumbai headquartered, largest business correspondent in the country – Zero Mass Private Ltd (ZMPL). With this all cash acquisition from company internal accruals, BLS international becomes the largest business correspondent network in India, a statement said. ZMPL has been…
SBICAP Ventures Limited (SVL), an alternative asset manager and a wholly owned subsidiary of SBI Capital Markets Limited has raised 25 million euro from European Investment Bank (EIB). Eight low-income and developing states including Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Rajasthan, Uttar Pradesh and West Bengal is eyed by SBICap Ventures for investment while focusing…
State Bank of India (SBI), India’s largest lender, announced that it has sold Rs. 4,000 crores of the Basel compliant Additional Tier 1 (AT1) bonds at a coupon of 7.74%. This is the lowest pricing ever offered on such debt, issued by any bank since the country started implementing the stringent Basel II capital rules…
New Development Bank (NDB), a multilateral development bank set up by the BRICS nations – Brazil, Russia, India, China and South Africa, announced that the Board of Governors of the New Development Bank has appointed Anil Kishora as Vice President. Prior to this role, Anil Kishora had worked in India’s largest bank, the State Bank…
State Bank of India, the Indian multinational, public sector banking and financial services company announced a joint venture with payments solution provider Hitachi Payment Services India for the establishment of the latest card acceptance and future-ready digital payment platform for India. SBI will hold the majority of stake in this JV, the bank said in a release. The…
Wipro Limited, the India-based information technology, consulting and business process services company headquartered in Bengaluru has appointed former State Bank of India chairman Arundhati Bhattacharya as an independent director for a term of 5 years, with effect from January 1, 2019. “I am delighted and privileged to be invited to join the Board of Wipro Ltd.,…