Saxena, currently serving as the Executive Director of Union Bank of India, will succeed AS Rajeev, who has been selected as the Vigilance Commissioner in the Central Vigilance Commission (CVC)
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Analysts warn of potential market share shifts as online transactions propel growth
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According to regulatory filings, 83.8 per cent of institutional shareholders and 32 per cent of non-institutional shareholders voted in favor of the delisting
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While deposits are forecasted to rise by 13.5 per cent YoY in the next fiscal year, credit growth is likely to significantly moderate to 11.5 per cent YoY in FY25, down from 21 per cent in FY24, leading to a moderation in the credit-deposit (CD) ratio
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Sonata, which boasts an asset under management (AUM) of approximately Rs 2,620 crore as of 31 December 2023, operates across 10 states through 549 branches
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Marking the beginning of the financial year 2024-25, SBI will raise the annual maintenance fee for its Classic, Silver and Global cards to Rs 200 (excluding GST) each from the current Rs 125 (excluding GST), as per information available on its official website, sbi.co.in
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Banks have been instructed to provision only for the portion of their investment in the AIF scheme that is subsequently invested by the AIF in the debtor company
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The first meeting of the year is scheduled for April 3 to 5, 2024
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