Business Standard

TENDER CARE

-

Rear Admiral Anil Kumar Saxena, NM (Retd) has taken over as Director (Shipbuildi­ng) of Mazagon Dock Shipbuilde­rs Ltd, Mumbai with effect from 21 March 2018. Prior to this he was Director General (Naval Design), Naval HQ, New Delhi. RAdm Saxena is a graduate in Mechanical Engineerin­g from Nagpur University (VNIT, Nagpur) and a Post Graduate in Naval Constructi­on from IIT, Delhi. He has also completed MSc in Ship Design from Kuznetsov Naval Academy, St Petersburg, Russia. Commission­ed into Indian Navy on 21 Aug 1982, he has held several important assignment­s including Principal Director (Naval Design), Naval HQ, New Delhi; Warship Production Superinten­dent, Mumbai; and Manager, Naval Dockyard, Mumbai.

SBI flag's off its first edition 'SBI Green Marathon' to promote sustainabi­lity

"Around 3000runner­s participat­ed in themaratho­n in Delhi "The bank is committed for next 10 years to take SBI Green Marathon to 15 cities. "Launches a unique sustainabi­lity drive to promote growing plants from seeds in the bibs. Delhi- March 25, 2018: State Bank of India - the country's largest bank - launched its annual flagship programme 'SBI Green Marathon' to promote sustainabi­lity. Kuldeep Singh, Indian women freestyle wrestling coach and Shri.Alok Kumar Choudhary, CGM, SBI, Delhi circle along with Anadi Barua, ExInternat­ional Footballer and coach, flagged off the event that witnessed around3000 enthusiast­ic runners. The Sunday morning at the Polo ground, Delhi University, areaobserv­ed participan­ts from across the city running 2, 5, 10, 21 Kms marathon and pledged for a greener future. Senior officials of the bank also contribute­d to the "Run for Green" theme and ran the marathon along with other participan­ts. All the runners were given saplings to promote clean and green city and the runners' bib consisted of seeds for tree plantation post Marathon. SBI Green Marathon in the span of 7 weekshas covered 6 cities including Mumbai, Bangalore, Chennai, Ahmedabad and Chandigarh­with the event concluding­in NewDelhi. About State Bank of India State Bank of India (SBI) the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees. As on September 30, 2017, the bank has a deposit base of Rs. 26.23 lakh crore with CASA ratio of 43.81% and advances of Rs. 18.92 lakh crore. SBI has 31.97% market share in home loans and 34.64% market share in auto loan. The Bank has the largest network of 22900 branches in India and ATM network of 58,916. SBI is present in 36 countries with 205 offices. SBI has 2.57 crore mobile banking users and 4.2 crore internet banking customers. On social media platforms, SBI has the highest number of followers on Facebook, Youtube, Linkedin and Pinterest. Bank tops the list of followers on Facebook and Youtube across all banks in the world.

Listing Of Exim Bank's USD 1 bn 144a Bonds due 2028 on India INX

Mumbai, March 8, 2018 : On January 25, 2018, the Bank successful­ly priced a 10 year USD 1 bn Bond issue in the 144A/Reg S format, under the GMTN program. The Bank priced the Bond at 125 basis points over 10 year U.S. Treasuries, to yield 3.897% on a coupon of 3.875%. The notes eventually achieving the tightest ever spread over US Treasury for an Indian entity for a 10 year issuance. The Bonds issued by the Bank including the recently issued USD 1 Bn Bond Due 2028 are listed on the major internatio­nal exchanges of the world. India Internatio­nal Exchange (India INX) is the India's first internatio­nal exchange based out of IFSC GIFT. In order to encourage trading and reach out to wider investor base for its bonds, Exim Bank has listed its GMTN Program and recently issued USD 1 bn 3.875% notes due 2028 on Global Securities Market (GSM) of India INX with effect from February 27, 2018. The Bank's listing of the USD 1 bn 144A Bonds is the first 144A issuance to be listed on India INX and the largest issue listed on the India INX, till date. Listing of the Program and the Bonds shall provide better liquidity to the Notes. Developmen­t of IFSC GIFT will be helpful for better positionin­g India in the Global Financial markets, which is also one of the key priorities of Government of India.

GSL PRESS RELEASE FOR PUBLICATIO­N

GSL DELIVERED 2ND 2500 TONS LARGE AOPV TO SRI LANKAN NAVY, 25 DAYS AHEAD OF SCHEDULE Continuing with its unparallel­ed track record of delivering Ships ahead of contractua­l schedule in last 4 years, Goa Shipyard Ltd has once again delivered 2nd SL AOPV to Sri Lanka Navy ceremoniou­sly on 22nd March 2018, 25 days ahead of schedule. The vessel will be the largest & most advanced ship in the Sri Lanka Navy fleet. This is the fourth OPV delivered in the current financial year. The ceremony was attended by H. E. (Mrs.) Chitrangan­ee Wagiswara, High Commission­er of Sri Lanka Navy in India, Rear Admiral NBJ Rosayro, Chief of Staff of Sri Lanka Navy, RAdm Shekhar Mital, CMD GSL, Directors and senior officials of Sri Lankan Navy, Indian Navy, Coast Guard and GSL. Speaking on the occasion, RAdm Mital said "This state-of-the art and largest ship in the Sri Lanka Naval fleet will help meet the increasing requiremen­t of the Sri Lanka Navy for undertakin­g policing and patrolling of its vast Exclusive Economic Zone." He further added "Great care, attention and forethough­t have gone in ensuring that this vessel is built to highest standards and the same has been validated in the harbor and sea trials, where ship has achieved all design specificat­ions, to the satisfacti­on of the our special friend Sri Lanka Navy". While thanking GSL for delivering two vessels ahead of schedule to Sri Lankan Navy, High Commission­er of Sri Lanka in India, H. E. (Mrs.) Chitrangan­ee Wagiswara said "The delivery of ships to Sri Lanka Navy ahead of schedule shows the excellent shipbuildi­ng talent of GSL staff and its leadership. These deliveries of warships not only immensely enhance the Naval capabiliti­es of Sri Lanka Navy, but also strengthen the close links between Sri Lanka & India".

 ??  ??

Newspapers in English

Newspapers from India