Ms Bhattacharya, 64, will be based in Mumbai and will join in April, the source added. She is currently chairman of SWIFT India, part of a global payments network.
ArcelorMittalsaid on Wednesday it had signed a deal that would see a significant injection of Italian state funding into the Ilva steelworks and would suspend a bid to walk away from the troubled plant, which it took over in 2018. The accord provides a respite in the four-month dispute that has seenArcelorMittal threatening to hand back Ilva to the government after disagreements over plans to rescue the plant that was losing 2 million euros (1.71 million pounds) a day last year.
The coronavirus, which has led to more than 7,100 deaths globally and prompted mass lockdowns of people, has also led to items being out of stock on Amazon and some deliveries taking longer than usual.
The bank has received investment commitments of Rs 10,000 crore from the SBI and seven other private sector banks. This fund infusion signals a show of confidence by some of India's largets financial institutions and will allow the troubled bank to shore up its capital.
AAI Chairman Arvind Singh said the ECBs would help the authority in its plans to double the current passenger handling capacity of 345 million passengers per annum
Finance Minister Nirmala Sitharaman said on Friday that the Union Cabinet had approved a reconstruction scheme for Yes Bank as proposed by the Reserve Bank of India. "State Bank of India will invest up to 49 per cent equity in Yes Bank and other investors are also being invited," the Finance Minister said, addressing the media after a meeting of the Union Cabinet. Nirmala Sitharaman said the rescue plan is aimed at protecting the interest of depositors and providing stability to Yes Bank as well as to the entire financial system. The Finance Minister's comments come at a time the RBI has taken control of Yes Bank and capped withdrawals from its accounts at Rs 50,000 till April 3 with few exceptions in order to protect the depositors.
State Bank of India, the country's largest lender by assets, had the previous day approved a plan to purchase 725 crore Yes Bank shares at a price of Rs 10 apiece.
Reuters | Thursday March 12, 2020, New Delhi/Singapore
State-run Saudi Aramco, the world's top oil exporter, has slashed its selling price for April and announced plans to raise output to a record 12.3 million barrels per day (bpd).
"Our financial situation is serious and there's an urgent priority to improve the performance of the business and our cash position," CEO Henrik Adam said.
Crisis-hit private sector lender Yes Bank said on Tuesday that customers can now make certain payments through its instant money transfer services National Electronic Funds Transfer (NEFT) and Immediate Payment Service (IMPS). In a post on Twitter in morning, Yes Bank said its customer can pay "their credit card dues" and "loans from other bank accounts" using the two wire transfer services. The development comes as the Reserve Bank of India (RBI) superseded Yes Bank's board and took control of the private sector lender last week, and also capped withdrawals from its accounts, with few exceptions, spooking investors.
State Bank of India (SBI) chairman Rajnish Kumar told NDTV on Monday that the current cap on withdrawals from Yes Bank accounts could be lifted "within a week". In an exclusive interaction with NDTV, the SBI chairman said: "I want to assure Yes Bank customers that once we (SBI) step in they shouldn't worry about money... The financial system is sound." His comments come at a time when SBI has committed to invest in the troubled private sector lender, whose board was suspended and withdrawals capped by the Reserve Bank of India (RBI) last week, spooking investors.
The RBI has taken control of Yes Bank, after the debt-laden lender failed to raise the capital it needs to stay above mandated regulatory requirements.
