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Times of Oman
26-05-2025
- Business
- Times of Oman
Maldives Foreign Minister arrives in Delhi, set to attend High Level Core Group meeting
New Delhi: Maldives Minister of Foreign Affairs, Abdulla Khaleel, arrived in New Delhi on Sunday for a three-day visit to India. Khaleel will lead the Maldivian delegation at the 2nd High Level Core Group (HLCG) meeting. Ministry of External Affairs spokesperson Randhir Jaiswal extended a warm welcome to Khaleel. In a post on X, Jaiswal stated, "Implementing the India - Maldives Joint Vision of a 'Comprehensive Economic & Maritime Security Partnership'. Warm welcome to FM @abkhaleel of Maldives to India. FM Dr. Khaleel will lead the Maldivian delegation at the 2nd High Level Core Group (HLCG) meeting which oversees implementation of the Joint Vision." Earlier this month, the Centre extended support to India's maritime neighbour, Maldives by rolling over the USD 50 Million treasury bill. Khaleel had expressed gratitude to the Indian government and hailed the timely assistance which "reflects the close bonds of friendship" between the two countries. In the statement shared on X, the High Commision of India to Maldives said, "India extends financial support to the Maldives through the rollover of the USD 50 million Treasury Bill." According to the statement, after the request by the Government of Maldives, the State Bank of India (SBI) has subscribed, for one more year, a USD 50 million Government Treasury Bill issued by the Ministry of Finance of Maldives. It was noted that since March 2019, India has been facilitating the subscription of several such Treasury Bills by the SBI and rolling them over annually interest-free to the Government of Maldives. This is a part of the unique government-to-government arrangement between the two countries that serves as emergency financial assistance to the maritime neighbour. Extending gratitude to the Indian Government, Khaleel in a post on X stated, "I express my sincere gratitude to EAM @DrSJaishankar and the Government of #India for extending crucial financial support to the #Maldives through the rollover of the USD 50 million Treasury Bill. This timely assistance reflects the close bonds of friendship between #Maldives & #India and will support the Government's ongoing efforts to implement fiscal reforms for economic resilience."
News18
22-05-2025
- Business
- News18
‘Will Try To Converse…': SBI Official, Who Refused To Speak In Kannada, Apologises
Last Updated: In response to the backlash received after triggering a major 'language debate' on social media, the lady manager issued an apology saying that she would try to converse in Kannada Hindi Vs Kannada row: The non-Kannadiga State Bank Of India (SBI) manager, who recently made the headlines after a video showed her allegedly refusing to speak Kannada with a customer, has now issued an apology in Kannada for 'hurting sentiments'. In response to the backlash received after triggering a major 'language debate' on social media, the lady manager issued an apology saying that she would try to converse in Kannada. In the video being widely circulated on social media platforms, the official repeats in Kannada, 'Whoever got hurt because of me, I'm sorry. I will try to converse in Kannada," as she is coached, presumably by her colleagues, on what to say. The arrogant SBI manager who was saying She will never speak Kannada now look at her how she is giggling. @TheOfficialSBI she thinks this issue is a Joke. #RajivGandhi #HHVMGrandPressMeet — Rebel_Warriors (@Rebel_Warriors) May 21, 2025 The separate video of her apologising has emerged after the official in question was reportedly transferred by the SBI. The new video was shared by multiple handles on social media platform X, with several comments following each of it. What Was In The Viral Video? A branch manager of an SBI Bank in Bengaluru Rural's Chandapura was harassed after she refused to speak in Kannada, as a customer kept insisting and reminding her that 'this is Karnataka". In the video, the customer kept asking the bank official to speak in Kannada as she was working in a bank in Karnataka, however, the bank employee insisted on using Hindi as she lives in India. The argument between the two went on for a few minutes, leading a disagreement. Kalesh b/w a SBI branch Manager and Local guy over not speaking kannada inside Bank: — Ghar Ke Kalesh (@gharkekalesh) May 20, 2025 This sparked outrage on social media with several users claiming that individuals can speak any language they want, while several termed the bank employee rude as she refused to speak in Kannada. The incident attracted widespread criticism on social media, following which Karnataka Chief Minister Siddaramaiah condemned the incident and informed that the official has been transferred by the bank. The behaviour of the SBI Branch Manager in Surya Nagara, Anekal Taluk refusing to speak in Kannada & English and showing disregard to citizens, is strongly appreciate SBI's swift action in transferring the official. The matter may now be treated as closed.… — Siddaramaiah (@siddaramaiah) May 21, 2025 'The behaviour of the SBI Branch Manager in Surya Nagara, Anekal Taluk, refusing to speak in Kannada & English and showing disregard to citizens, is strongly condemnable. We appreciate SBI's swift action in transferring the official. The matter may now be treated as closed," Siddaramaiah said in a post on X. First Published: May 22, 2025, 18:44 IST
India.com
21-05-2025
- Business
- India.com
Meet Pratiksha, Sweeper Who Became SBI Official; Lost Her Husband But Never Bowed Down- Read Her Inspiring Story
photoDetails english 2904375 Updated:May 21, 2025, 09:18 PM IST Who Is Pratiksha Tondwalkar? 1 / 7 Pratiksha Tondwalkar is an epitome of courage, hard work, resilience, empowerment and determination. She was born in 1964 and became Assistant General Manager (AGM) of State Bank Of India (SBI) in 2022. Her Starting Journey 2 / 7 Pratiksha was married off at the age of 17 only, right after completing her Class 10 education because of her parent's financial problems. Her life initially revolved around family responsibilities. Her husband, Sadashiv Kadu worked as a bookbinder in SBI Mumbai. Death Of Her Husband 3 / 7 When she was 20, her husband, Kadu was killed in an accident while they both were travelling to the village, leaving her and their young son alone. She had no option left to put herself back together and find a path for herself and her son. Pratiksha As Sweeper 4 / 7 As she was not educated, it became really difficult for her to find a nice job but she managed to get a job in SBI as a sweeper where she used to earn Rs. 60-65 per month and her job there was to clean washrooms and furniture. Her Promotion from Sweeper to Bank Clerk 5 / 7 Pratiksha didn't give up and resumed her education when she got herself enrolled in the Night college, Vikhroli in Mumbai and successfully completed her 12th class and a degree in Psychology. All her hard work paid off when she was promoted as a Bank clerk in SBI. Pratiksha Becoming AGM 6 / 7 Pratiksha got married to Pramod Tondwalkar in 1993, her husband supported her dreams and goals and motivated her to take the banking examination. She worked endlessly and got a position of trainee officer. And eventually she became CGM and then AGM of SBI. Inspiring a New Generation of Women 7 / 7 She started with a broom in her hand and concluded in one of the most respected positions in the country's largest public sector bank. Pratiksha will be retired in a year or two but her story will keep resonating with countless women across India. Her unwavering spirit, even in the face of personal tragedy and limited resources, serves as a beacon of hope and inspiration for every woman with dreams.
The Hindu
20-05-2025
- Business
- The Hindu
T.N. and SBI sign MoU for salary packages
The State Bank Of India has signed an Memoranda of Understanding with the Tamil Nadu government for State Government Salary Package (SGSP) and Police Salary Package (PSP) in the presence of Chief Minister Finance Minister Thangam Thennarasu, Chief Secretary Finance Secretary Udhayachandran and Director of Treasuries and Accounts and DMD Parminder Singh, M.V.R Murali Krishna. The State Bank of India provides various other facilities too which includes personal accident insurance cover, group term life insurance cover of Rs.10 lakh, family savings account SBI Rishtey, (based on net salary), concession in processing charges on home loan, car loan and SBI Personal loan among others.
Zawya
15-05-2025
- Business
- Zawya
India's Yes Bank expects Japan's SMBC to maintain at least 20% stake, CEO says
India's Yes Bank expects Japan's Sumitomo Mitsui Banking Corp (SMBC) to maintain at least 20% stake in the lender but said that regulatory requirements may be keeping it from raising shareholding significantly beyond that, the bank's chief executive said. SMBC on Friday said it had signed a definitive agreement to take a 20% stake in Mumbai-based Yes Bank, a deal that marks the largest cross-border merger and acquisition deal in India's financial sector. SMBC, is a unit of Sumitomo Mitsui Financial Group and is Japan's second-biggest bank. "For potential capital raises in the future, SMBC would be contributing," Yes Bank's CEO Prashant Kumar told Reuters in an interview on Thursday. "It also means they (SMBC) would not like to get their stake below 20%." As part of the deal, SBI will acquire a 13.19% stake from State Bank of India, also its largest investor, and an aggregate of 6.81% from other banks that had rescued it as a result of the regulator-led restructuring in March 2020. SMBC's stake buy stopped short of the 25% shareholding, which under Indian regulations triggers an open offer for another 26% from public shareholders at the same price offered to a strategic investor. The "logical" reason why SMBC did not take a higher stake in Yes Bank was probably to avoid triggering an open offer of shares, and being classified as a promoter, which carries significant regulatory obligations, Kumar said. Large shareholders with control over a company's operations are termed as "promoters" under Indian regulations and being categorised as one carries tougher reporting requirements. Kumar expects the regulatory approvals for the deal to come in by September. The transaction is subject to regulatory approvals from the Reserve Bank of India, Competition Commission of India and shareholders of the Bank. Shares of Yes Bank have risen 7.5% since the announcement of the deal and, on Wednesday, Moody's Ratings said that SMBC's stake acquisition is credit positive for the Indian lender. A re-rating, if it happens, will open doors raising funds at a cheaper cost and also expand lending opportunities, Kumar said. SMBC's focus on large corporate customers will also help the bank expand in areas like transaction banking, he said. Yes Bank, however, will remain focused on retail lending primarily, which formed 41.2% of its loan book as on March-end. "I don't think the retail-corporate mix, will change post the deal; we would be more focused towards retail," Kumar said. (Reporting by Siddhi Nayak, editing by David Evans)
