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Business Standard
4 days ago
- Business
- Business Standard
GoI announces the sale of two dated securities for a notified amount of ₹27,000 crore
The Government of India (GoI) has announced the sale (re-issue) of (i) 6.75% GS 2029 for a notified amount of ₹15,000 crore and (ii) 7.09% GS 2054 for a notified amount of ₹12,000 crore. The auction will be conducted using multiple price method. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (e-Kuber system) on June 20, 2025 (Friday). GoI will have the option to retain additional subscription up to ₹2,000 crore against each security.
News18
11-06-2025
- Business
- News18
SBI General Insurance Appoints New Deputy CEO; Check Details
Last Updated: In his most recent role, Khan served as general manager, Network-I, at SBI's local head office in Thiruvananthapuram, where he led large-scale business and operational initiatives. SBI General Insurance on Wednesday said it has appointed Mohd Arif Khan as its deputy chief executive officer. He brings with him a wealth of expertise and leadership experience across a broad range of strategic and operational domains in banking and financial services. Khan is a seasoned banking professional with over 25 years of distinguished service at State Bank of India (SBI). In his most recent role, he served as general manager, Network-I, at SBI's local head office in Thiruvananthapuram, where he led large-scale business and operational initiatives. Khan began his career with SBI in 2000 as a Probationary Officer and has since held several key leadership positions across Retail Banking, Strategic Training Unit (STU), and Core Banking Solution (CBS) implementation and training projects. Speaking on the appointment, Naveen Chandra Jha, MD & CEO of SBI General Insurance, said, 'We are delighted to welcome Shri Mohd. Arif Khan to the SBI General Insurance leadership team. His vast experience across diverse banking functions, strong strategic expertise, and deep understanding of the business, will be instrumental in propelling the company to greater heights." On his appointment, Mohd Arif Khan said, 'I am delighted to be a part of SBI General Insurance family. India's general insurance sector offers tremendous potential for transformative growth, and I see great opportunity for SBI General to lead the way. I look forward to building a superior customer experience, delivering profitable growth, introducing innovative products to evolving needs and expanding our footprint in underserved markets. My focus will be on creating meaningful value for our customers, stakeholders, and the communities we serve." Khan holds a postgraduate degree in Mathematics and is a Certified Information Systems Auditor (ISACA, USA). He holds a PGDFA in Advanced Wealth Management (IIBF) and RMAI certificate course on Risk Management & Affiliate of Risk Management Association of India. His appointment underscores SBI General's commitment to strengthening its leadership team and delivering excellence in insurance products and services to its valued customers. First Published: June 11, 2025, 16:14 IST
Time of India
11-06-2025
- Business
- Time of India
SBI General Insurance appoints Md Arif Khan as Deputy CEO
SBI General Insurance on Wednesday announced the appointment of Mohd. Arif Khan as the Deputy Chief Executive Officer (Deputy CEO). Khan has been working with SBI since 2000, and has gained experience across vast banking functions in the last 25 years. He began his career at SBI as a Probationary Officer. Before his current appointment, Khan was serving as a General Manager, Network-I, at SBI's Local Head Office in Thiruvananthapuram. He has held several key leadership positions across Retail Banking , Strategic Training Unit (STU), and Core Banking Solution (CBS) implementation during his career at SBI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like She Was The Dream Girl In The 80s, This Is Her Recently Learn More On his appointment as Deputy CEO of SBI General Insurance, Khan said, 'I look forward to building a superior customer experience, delivering profitable growth, introducing innovative products to evolving needs and expanding our footprint in underserved markets. My focus will be on creating meaningful value for our customers, stakeholders, and the communities we serve.' Naveen Chandra Jha , MD and CEO of SBI General Insurance said that Khan's deep understanding of the business, will be instrumental in propelling the company to greater heights. Live Events "We are delighted to welcome Shri Mohd. Arif Khan to the SBI General Insurance leadership team. His vast experience across diverse banking functions, strong strategic expertise, and deep understanding of the business, will be instrumental in propelling the company to greater heights. I look forward to working closely with him as we drive innovation, enhance customer value, and further strengthen our position in the general insurance industry ,' said Jha.
Time of India
11-06-2025
- Business
- Time of India
SBI Gen Insurance appoints Md Arif Khan as Deputy CEO
SBI General Insurance on Wednesday announced the appointment of Mohd. Arif Khan as the Deputy Chief Executive Officer (Deputy CEO). Khan has been working with SBI since 2000, and has gained experience across vast banking functions in the last 25 years. He began his career at SBI as a Probationary Officer. Before his current appointment, Khan was serving as a General Manager, Network-I, at SBI's Local Head Office in Thiruvananthapuram. He has held several key leadership positions across Retail Banking , Strategic Training Unit (STU), and Core Banking Solution (CBS) implementation during his career at SBI. On his appointment as Deputy CEO of SBI General Insurance, Khan said, 'I look forward to building a superior customer experience, delivering profitable growth, introducing innovative products to evolving needs and expanding our footprint in underserved markets. My focus will be on creating meaningful value for our customers, stakeholders, and the communities we serve.' Naveen Chandra Jha , MD and CEO of SBI General Insurance said that Khan's deep understanding of the business, will be instrumental in propelling the company to greater heights. Live Events "We are delighted to welcome Shri Mohd. Arif Khan to the SBI General Insurance leadership team. His vast experience across diverse banking functions, strong strategic expertise, and deep understanding of the business, will be instrumental in propelling the company to greater heights. I look forward to working closely with him as we drive innovation, enhance customer value, and further strengthen our position in the general insurance industry ,' said Jha. Economic Times WhatsApp channel )
India Gazette
03-06-2025
- Business
- India Gazette
RBI announces reissue of two Govt securities worth Rs 32000 crore, also open to accept extra Rs 2000 cr
Mumbai (Maharashtra) [India], June 3 (ANI): The Reserve Bank of India (RBI) has announced the re-issue of two Government of India dated securities worth a total of Rs 32,000 crore. A 're-issue' means the RBI is selling more of a bond that is already available in the securities market. This move is part of the government's regular borrowing program. The two securities being re-issued are the 6.92 per cent Government Security (GS) maturing on November 18, 2039, and the 6.90 per cent GS maturing on April 15, 2065. Each of these bonds will be issued for Rs 16,000 crore. Additionally, the RBI has kept the option open to accept up to Rs 2,000 crore extra for each security, depending on market demand. According to the RBI's announcement on Monday, the auction will be held on Friday, June 6, 2025. The settlement, when investors make payments and receive the securities, will take place on Monday, June 9, 2025. The sale will be conducted through the RBI's Core Banking Solution system, known as e-Kuber. Both competitive and non-competitive bids can be submitted electronically on the day of the auction. Non-competitive bids will be accepted between 12:30 p.m. and 1:00 p.m., while competitive bids can be submitted between 12:30 p.m. and 1:30 p.m. The auction will follow a multiple price method, meaning successful bidders will receive the securities at the prices they quote. The central bank also stated that primary dealers can bid for underwriting a part of the issue through the Additional Competitive Underwriting (ACU) facility. These bids will be accepted from 10:30 a.m. to 11:00 a.m. on the same day. The securities will be available for 'When Issued' trading from June 3 to June 6, allowing early trading before the official issuance. Retail investors can also participate through the RBI Retail Direct platform. Moreover, 5 per cent of the notified amount is reserved for eligible individuals and institutions under the non-competitive bidding scheme. This auction is part of the RBI's regular debt management process and offers a secure investment opportunity to investors. The Indian economy grew by 6.5 per cent in real terms in the recently concluded financial year 2024-25, Ministry of Statistics and Programme Implementation's official data showed. The official GDP growth data for the January-March (Fourth quarter) also showed that the economy grew 7.4 per cent during the quarter. During the April-June, July-September, and October-December 2024 quarters, the country's economy, in real terms, observed a growth rate of 6.7 per cent, 5.6 per cent, and 6.2 per cent, respectively. (ANI)
