HTLS 2020: Inspiring journey to the top of the banking world
Dinesh Kumar Khara pursued his Masters in Business Administration from the Faculty of Management Studies, New Delhi and is a postgraduate in commerce. He is also a Certified Associate of the Indian Institute of Bankers
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON NOV 24, 2020 09:21 AM IST
State Bank of India chairman Dinesh Kumar Khara’s rise to the corner office of India’s largest bank is an inspiring journey of a probationary officer who joined the banking profession in 1984. Before being appointed as chairman of SBI for a period of three years in October this year, Khara was already serving as managing director of the bank with several achievements. One of his recent accomplishments was related to the successful merger of SBI with its five associates and the Bhartiya Mahila Bank that put the bank in the league of top 50 banks globally.
Khara pursued his Masters in Business Administration from the Faculty of Management Studies (FMS), New Delhi and is a postgraduate in commerce. He is also a Certified Associate of the Indian Institute of Bankers (CAIIB). In his over three decades of banking career, Khara experienced all facets of commercial banking such as retail credit, corporate credit, deposit mobilisation, international banking operations and branch management. He was also instrumental in taking SBI Funds Management Pvt Ltd (SBIMF) to a new height as its managing director and chief executive. Under his leadership, SBIMF became the fifth largest mutual fund in India with total assets under management (AUM) of about Rs 1.3 lakh crore.
Business should dedicate portion of their wealth to fund startups: Goyal
PTI
PUBLISHED ON JAN 27, 2021 07:07 PM IST
He suggested that business persons can come together and pool their resources, "may be an initial ₹10,000 crore fund," which is domestically driven and professionally managed, with no role of government in it.
FDI into India up 37 percent to USD 43.85 billion during April-November 2020
PTI, New Delhi
PUBLISHED ON JAN 27, 2021 06:32 PM IST
Total FDI inflows during the eight-month period of the current fiscal grew by 22 per cent to USD 58.37 billion.
Investors' wealth plunge over ₹8 lakh crore in 4 days
PTI, New Delhi
PUBLISHED ON JAN 27, 2021 06:25 PM IST
In the broader market, the smallcap and midcap indices fell up to 1.38 per cent.
Income Tax refunds worth ₹1.81 lakh cr issued so far in FY21
PTI
PUBLISHED ON JAN 27, 2021 06:21 PM IST
Of this, personal income tax refunds of ₹62,231 crore have been issued to over 1.71 crore taxpayers and corporate tax refunds of ₹1.19 lakh crore have been issued in 2.12 lakh cases.
Indigo Paints IPO allotment to be announced on January 28
By hindustantimes.com | Edited by Mallika Soni
PUBLISHED ON JAN 27, 2021 06:17 PM IST
The IPO which is worth ₹1170 crore included fresh issue of shares worth ₹300 crore and offer-for-sale (OFS) of up to 58.40 lakh equity shares by private equity firm Sequoia Capital and promoter Hemant Jalan.
World shares turn lower on pandemic concerns, ahead of Fed
AP
PUBLISHED ON JAN 27, 2021 06:04 PM IST
Markets have meandered since last week as investors weighed solid corporate earnings results against renewed worries that troubles with Covid-19 vaccine rollouts and the spread of new variants of coronavirus might delay a recovery from the pandemic.
Facebook investors shrug off election woes, look for 'social commerce' payday
Reuters
PUBLISHED ON JAN 27, 2021 05:48 PM IST
The world's biggest social media company is poised to reap a windfall from that gambit, analysts say, bolstered by a return in ad growth rates to pre-Covid levels and a holiday shopping boost from its new "social commerce" features.
Rupee settles 2 paise higher at 72.92 against US dollar
PTI
PUBLISHED ON JAN 27, 2021 04:35 PM IST
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.25 per cent to 90.39.
Indices close in red: Sensex falls 937 points, Nifty below 14,000
By hindustantimes.com
UPDATED ON JAN 27, 2021 04:22 PM IST
Sensex sheds 937 points; Nifty ends below 14,000 dragged by banks, metal stocks
IMF favours extension of pandemic support, thrust on infra investment in Budget
PTI
PUBLISHED ON JAN 27, 2021 03:32 PM IST
On Tuesday, the IMF projected an impressive 11.5% growth rate for India in 2021. While this is attributable to the stronger than expected recovery, Gopinath said India still has some distance to go.
European economy lags behind China and US on pandemic recovery
Bloomberg
PUBLISHED ON JAN 27, 2021 03:23 PM IST
- That was the upshot of the International Monetary Fund’s forecasts on Tuesday, which downgraded the growth outlook for 2021 across Europe and underscored a generally poorer performance compared with China and the US.
Goldman Sachs loses legal fight against EU cartel fine
Reuters
PUBLISHED ON JAN 27, 2021 03:15 PM IST
Its penalty included a joint fine of 37.3 million euros with Goldman Sachs, which had acquired the Italian company via one of its private equity funds in 2005 but has since sold its holding.
TCS third most valued IT services brand globally: Brand Finance
PTI
PUBLISHED ON JAN 27, 2021 03:06 PM IST
TCS has celebrated strong revenue growth as demand grows for its core transformation services and through winning deals - worth over $6.8 billion in the fourth quarter of 2020 alone, it added.
Oil advances after report points to declining US stockpiles
Bloomberg
PUBLISHED ON JAN 27, 2021 02:31 PM IST
Futures climbed 0.7% after slipping on Tuesday. The American Petroleum institute reported inventories fell by 5.27 million barrels last week, according to people familiar.
Understanding financial freedom from the eyes of millennials
By HT Brand Studio
PUBLISHED ON JAN 27, 2021 12:01 PM IST
Given that millennials tend to steer clear of investment avenues that do not afford flexibility and ease of managing, it is unsurprising that more and more millennials are gravitating towards mutual fund investments.