In his over three decades of banking career, Dinesh Khara experienced all facets of commercial banking such as retail credit, corporate credit, deposit mobilisation, international banking operations and branch management(Mint)
In his over three decades of banking career, Dinesh Khara experienced all facets of commercial banking such as retail credit, corporate credit, deposit mobilisation, international banking operations and branch management(Mint)

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.

SHARE THIS ARTICLE ON
app
Close
Goyal said that the strong growth of startups could transform India from a screwdriver economy to technology-driven economy.(PTI File Photo)
Goyal said that the strong growth of startups could transform India from a screwdriver economy to technology-driven economy.(PTI File Photo)

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.
Close
FDI is a major driver of economic growth and an important source of non-debt finance for the economic development of India.(Reuters)
FDI is a major driver of economic growth and an important source of non-debt finance for the economic development of India.(Reuters)

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.
Close
In the four straight sessions, the benchmark has fallen by 2,382.19 points or 4.78 per cent.(PTI)
In the four straight sessions, the benchmark has fallen by 2,382.19 points or 4.78 per cent.(PTI)

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.
Close
“CBDT issues refunds of over Rs. 1,81,336 crore to more than 1.74 crore taxpayers between 1st April, 2020 to 25th January, 2021,” the department tweeted. (Representative Image)(Mint Photo)
“CBDT issues refunds of over Rs. 1,81,336 crore to more than 1.74 crore taxpayers between 1st April, 2020 to 25th January, 2021,” the department tweeted. (Representative Image)(Mint Photo)

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.
Close
Indigo Paints is the fifth-largest company in the paint industry in terms of the revenue from operations for fiscal year 2020.(iStock)
Indigo Paints is the fifth-largest company in the paint industry in terms of the revenue from operations for fiscal year 2020.(iStock)

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.
Close
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, stands in front of an electric board showing Nikkei index outside a brokerage in Tokyo, Japan January 21, 2021. REUTERS/Kim Kyung-Hoon(REUTERS)
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, stands in front of an electric board showing Nikkei index outside a brokerage in Tokyo, Japan January 21, 2021. REUTERS/Kim Kyung-Hoon(REUTERS)

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.
Close
The Bombay HC has ruled that private entities such as Facebook, Twitter and Instagram should not carry political ads 48 hours before voting in general elections.(Reuters File /)
The Bombay HC has ruled that private entities such as Facebook, Twitter and Instagram should not carry political ads 48 hours before voting in general elections.(Reuters File /)

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.
Close
A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India.(Reuters)
A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India.(Reuters)

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.
Close
The benchmark S&P BSE Sensex gained 0.6% to 49,177.99 by 0353 GMT.(Mint file photo)
The benchmark S&P BSE Sensex gained 0.6% to 49,177.99 by 0353 GMT.(Mint file photo)

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
Close
Under an adverse economic scenario considered by the IMF, the world’s banks would fall $420 billion below regulatory capital requirements.(Reuters file photo)
Under an adverse economic scenario considered by the IMF, the world’s banks would fall $420 billion below regulatory capital requirements.(Reuters file photo)

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.
Close
European Union (EU) flags outside the Berlaymont building in Brussels, Belgium.(Bloomberg)
European Union (EU) flags outside the Berlaymont building in Brussels, Belgium.(Bloomberg)

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.
Close
The European Commission in its 2014 decision said Goldman Sachs, as the parent company, had decisive influence over Prysmian. A lower EU tribunal in 2018 backed its argument.(REUTERS)
The European Commission in its 2014 decision said Goldman Sachs, as the parent company, had decisive influence over Prysmian. A lower EU tribunal in 2018 backed its argument.(REUTERS)

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.
Close
It is worthwhile to appreciate the full achievement of TCS. In 2000, TCS was not a listed company. It was not even the segment leader in India. By 2010, its market cap had grown to a creditable $25 billion and it had become the segment leader in India(REUTERS)
It is worthwhile to appreciate the full achievement of TCS. In 2000, TCS was not a listed company. It was not even the segment leader in India. By 2010, its market cap had grown to a creditable $25 billion and it had become the segment leader in India(REUTERS)

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.
Close
Oil has jumped almost 50% since the end of October but the rally has faltered recently on concerns about the near-term demand outlook due to Covid-19. China is facing a resurgent outbreak, there are fears about virus variants, while the UK became the first nation in Europe with 100,000 deaths. (Representative Image)(Reuters/ File photo)
Oil has jumped almost 50% since the end of October but the rally has faltered recently on concerns about the near-term demand outlook due to Covid-19. China is facing a resurgent outbreak, there are fears about virus variants, while the UK became the first nation in Europe with 100,000 deaths. (Representative Image)(Reuters/ File photo)

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.
Close
Both long term goals such as retirement and short term goals such as a vacation abroad can be easily achieved with a judicious mix of debt and equity mutual funds specific to each goal.
Both long term goals such as retirement and short term goals such as a vacation abroad can be easily achieved with a judicious mix of debt and equity mutual funds specific to each goal.

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.
Close
SHARE
Story Saved
OPEN APP