Jet Airways last week said it had defaulted on a debt payment to a consortium of Indian banks, led by SBI, that had been due on December 31.
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The private sector bank will now seek approval from the Reserve Bank of India (RBI) for the CEO appointment, and will make the relevant disclosures after the RBI's approval, the lender said in a statement.
World Bank on GDP Growth: In 2017, China with 6.9 per cent growth was marginally ahead of India's 6.7 per cent, mainly because the slowdown in the Indian economy due to demonetisation and implementation of the Goods and Services Tax (GST), the report said.
The Reserve Bank of India (RBI) has said that the ultimate responsibility for the card tokenisation services rendered rests with the authorised card networks. Currently, the central bank allows card payment networks like Visa and MasterCard to use the tokenisation technology in card transactions.
However, the operations in State Bank of India (SBI) and private sector banks remained unaffected, as other seven unions in the banking sector are not part of the strike.
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