State Bank of India notified the stock exchanges that Baldev Prakash has been appointed as the group chief risk officer and deputy managing director.
In December, Prakash's three-year time as managing director and chief executive officer of Jammu and Kashmir Bank came to an end.
Additionally, the bank claimed that Shiva Om Dikshit was given a new role as deputy managing director, operations-channel management.
State Bank of India is one of India's leading commercial banks. Income is broken down by activity as follows: retail bank (43.1%), market bank (30.1%), and business bank (26.8%).
The format of co-ops' financial statements is revised by the RBI.
The Reserve Bank of India (RBI) has released drafts of updated financial statement forms for cooperative banks, including the balance sheet and profit and loss account, in order to improve regulations regulating regulated firms. These forms were notified in 1981. Since then, there have been numerous changes in the financial sector, as well as accounting regulations and practices.
The RBI stated that it conducted a thorough examination of the formats and has provided draft formats of the updated forms and schedules, as well as compilation instructions.
