India has extended Dinesh Khara’s tenure as the chairman at State Bank of India, the country’s biggest bank, till August 2024. Khara had taken the role of SBI’s chairmanship on October 7, 2020 for three years. According to the norms, SBI chairman can hold the position till the age of 63.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction