Sanjay Kumar takes charge as SBI GM

Chandigarh: Sanjay Kumar has taken over as General Manager (Network-I), State Bank of India (Chandigarh Circle). The Network-I comprises state of Punjab and the Union Territory of Chandigarh. He started his career as a probationary officer in 1985 and has held important assignments in various capacities in Credit, International Banking, Agriculture, Human Resources, Lead Bank etc. He has also handled SBI operations in Shanghai. tns

New Delhi

Moody’s retains India GDP forecast at 7.5%

Moody’s on Thursday retained India’s growth forecast at 7.5% for 2016 but revised upwards estimates for China to 6.6% citing strong fiscal and monetary support. It said the outlook for emerging markets economies has stabilised but outlined the policy changes post the US presidential election in November as the most immediate downside risks to the global economic outlook. PTI

New Delhi

RBL Bank’s IPO to hit markets today

RBL Bank will hit the capital markets on Friday to raise over Rs 1,200 crore through an initial share-sale programme. The plan includes raising up to Rs 832.50 crore through the issue of fresh shares and up to Rs 380.46 crore in an offer for sale by existing shareholders. pti

New Delhi

July sees M&A deals worth $4 billion

Merger and acquisition deals worth $4 billion were announced in July thanks to a significant surge in domestic and inbound deal activity, taking the year-to-date deal tally to $19.87 billion, according to Grant Thornton’s report. pti