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Challa Sreenivasulu Setty officially took on the role of Chairman at the State Bank of India (SBI) on Wednesday, following the retirement of his predecessor, Dinesh Khara. SBI announced Setty's appointment in a regulatory filing, marking the start of his tenure at the helm of the country's largest lender.

The Enforcement Directorate (ED) has imposed a significant penalty of ₹908 crore on DMK MP S Jagathrakshakan and his family in connection with a case under the Foreign Exchange Management Act (FEMA). In addition to the fine, assets worth ₹89 crore have been confiscated by the agency