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Lohiya, a 1994-batch IAS officer of the Assam–Meghalaya cadre, is currently serving as Secretary in the Department of Financial Services. He previously served as Additional Secretary in the Ministry of Mines and has held several senior administrative positions, including Principal Secretary to the Chief Minister of Assam, Joint Secretary in the Ministry of Agriculture, and Director in the Prime Minister’s Office.
He is an alumnus of St. Stephen’s College, University of Delhi.
The Central Board of State Bank of India comprises government nominees and statutory directors and is responsible for the bank’s strategic oversight and governance.
State Bank of India is India’s largest public sector lender with operations across retail banking, corporate banking, treasury, international banking and financial services.
The bank’s net profit stood at Rs 19,684 crore in Q4 FY26, up 5.58% year-on-year but down 6.39% sequentially. Total income stood at Rs 1,40,412 crore, down 2.41% YoY and marginally lower on a sequential basis.
Shares of State Bank of India rose 0.92% to Rs 1,009.85 on the BSE.
Securities in F&O Ban:
Kaynes Technology India shares are banned from F&O trading on 10 June 2026.
Stocks to Watch:
State Bank of India announced an increase in FCNR(B) deposit rates for the 3–5 year tenure bucket to 5.25%–6.00%. The 5-year rate was raised by up to 295 bps, the 4 to under 5-year rate by up to 280 bps, and the 3 to under 4-year rate by nearly 215 bps.
Aurionpro Solutions said it is targeting a stronger FY27 presence in modular and edge products while actively rebuilding and repricing its banking software portfolio.
MedPlus Health informed that its subsidiary received a drug license suspension for one of its stores in Karnataka.
Honasa Consumer reported around 30% growth in its focus categories for FY26 and said it is targeting a 15% EBITDA margin through a 500 bps margin expansion.
Reliance Communications announced the dissolution of its foreign step-down subsidiary in the UK.
Bharat Wire Ropes received a notice from the Maharashtra Pollution Control Board directing it to halt operations at its manufacturing facility in Chalisgaon.
IOL Chemicals & Pharmaceuticals reported a minor fire at its Minoxidil manufacturing unit, resulting in a temporary shutdown of operations for 8–10 days. The company said there were no injuries or plant damage.
V-Mart Retail announced that Vineet Jain has resigned from the position of Chief Operating Officer.
Bank of Baroda increased its 1-month, 3-month, and 6-month MCLR by 5 basis points.
Canara Bank announced a 5 basis point increase in its 1-month and 3-month MCLR, effective June 12.
KFin Technologies approved a $2 million investment in its Singapore subsidiary and the transfer of its GIFT City branch operations to its IFSC subsidiary.
IZMO launched India's first integrated silicon photonics packaging line to address fragmented workflows.
The government approved the merger of REC with Power Finance Corporation (PFC).
Lodha Developers announced that Thane Commercial Tower A Management has ceased to be its subsidiary.
IIFL Finance approved the allotment of $500 million fixed-rate senior secured notes due in 2029.
Krishna Institute of Medical Sciences (KIMS) said its board will meet on June 13 to consider fundraising proposals.
Power Grid Corporation appointed Venkata S. V. as Chief Financial Officer, approved a ₹485 crore SCADA system upgrade, and secured an ¥80 billion loan facility.
Adani Enterprises announced that its subsidiary has completed the acquisition of a 100% stake in Portus Ventures.
Blue Cloud Softech Solutions announced the resignation of CFO Venkata Seshavataram Varada and appointed Rama Rao Telli as the new Chief Financial Officer.
The Nifty June 2026 futures closed at 23,347, a premium of 104.9 points compared with the Nifty's closing at 23,242.10 in the cash market.
In the cash market, the Nifty 50 index rose 119.10 points or 0.52% to 23,242.10.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 8.53% to 15.58.
HDFC Bank, State Bank of India and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The June 2026 F&O contracts will expire on 30 June 2026.
In the cash market, the Nifty 50 index lost 49.85 points or 0.21% to 23,366.70.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.61% to 15.79.
HDFC Bank (India), State Bank of India and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE.
In the cash market, the Nifty 50 index fell 118 points or 0.49% to 23,913.70.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.41% to 16.13.
HDFC Bank, ICICI Bank and State Bank of India (SBI) were the top-traded individual stock futures contracts in the F&O segment of the NSE.
In the cash market, the Nifty 50 index fell 436.30 points or 1.83% to 23,379.55.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 3.92% to 19.28.
HDFC Bank, Infosys and State Bank of India were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The May 2026 F&O contracts will expire on 26 May 2026.
In the cash market, the Nifty 50 index fell 360.30 points or 1.49% to 23,815.85.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 10.16% to 18.55.
State Bank of India, HDFC Bank and Titan Company were the top-traded individual stock futures contracts in the F&O segment of the NSE.