Bank Resolution

SBI card shares of the lender were trading 4.2 per cent higher than the previous day's close at Rs 926.1

The present administrator, JB Bhoria, stepped down from his role as the administrator of the bank due to health reasons

Unless a resolution mechanism designed for a quick turnaround of stressed financial institutions is implemented, we will continue to lurch from one crisis to the next

Without serious confidence building measures being taken, and articulated well to the common man, the environment appears ominous