The Banks Board Bureau has also recommended names of M V Rao and P P Sengupta for the post of managing director of Central Bank of India and Indian Overseas Bank, respectively. While Rao will replace Central Bank of India MD Pallav Mohapatra who will retire in February next year.
On jobs front, top 5 insurance companies believe that they can hire upto 5000 people on business boom. Tata Steel also confirmed to honour all the offers it has made and start off digital training for fresh hires.
"We now believe that we should implement an intelligent lockdown exit strategy as the discussion has moved from debate between lives and livelihood to also between lives and lives as an elongated lockdown will only prolong irreversible growth collapse," SBI's research report 'Ecowrap' said.
Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets.
The Nifty PSU Bank index was trading 0.81 per cent up at 1132.05.
Here is a look at the details of SBI's loan EMI moratorium according to its website.
A total of 11,920 shares changed hands on the counter till 10:52AM (IST)
A total of 24,719 shares changed hands on the counter till 10:26AM (IST).
If you have any mutual fund queries, message ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
Shares of State Bank of India traded 1.58 per cent down in trade at 09:34AM on Friday.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service