Union Cabinet approves merger of SBI, 5 associates banks

Posted Leave a commentPosted in By IPO Pakistan.

The acquisition under Section 35 of the SBI Act, 1955 will result in the creation of a stronger merged entity. It will minimize vulnerability faced by subsidiary banks to any geographic concentration risks. It will improve operational efficiency and economies of scale resulting into in improved risk management and unified treasury operations. Existing customers of […]

NBC’s Peter Alexander gives Trump in-person fact check

Posted Leave a commentPosted in By IPO Pakistan.

President Donald Trump, after lambasting the media as “dishonest people,” received an in-person fact check from NBC’s Peter Alexander at a White House news conference Thursday on a false statement the president had made moments earlier, leaving Trump blaming staff for giving him the wrong information. Trump had claimed in his opening remarks that he […]

India Signs Financing Agreement with World Bank for US$ 201.50 Million for “Third Technical Education Quality Improvement Programme (TEQIP III)”

Posted Leave a commentPosted in By IPO Pakistan.

A Financing Agreement for IDA credit of US$201.50 million (equivalent) for the “Third Technical Education Quality Improvement Programme (TEQIP III)” was signed with the World Bank here yesterday. The Financing Agreement was signed by Mr. Raj Kumar (Joint Secretary, Department of Economic Affairs) on behalf of Government of India and Mr. Junaid Kamal Ahmad, Country […]