SBI to conduct virtual General Meeting on Jun 17

SBI to conduct virtual General Meeting on Jun 17

Agency News

New Delhi, Jun 10 : Country’s largest lender State Bank of India is set to hold its virtual General Meeting on June 17 via Video Conferencing or Other Audio-Visual Means as per guidelines issued by the Ministry of Corporate Affairs and SEBI.

The shareholders will be allowed to e-vote for electing four Directors as per the provisions of the SBI Act and SBI General Regulations, 1955. The shareholders will be enabled to e-vote for four Directors from the list of five candidates, according to a statement here on Wednesday. Keeping in view the well being of all stakeholders and to comply with the lockdown restrictions, the Bank has avoided physical meetings for major events in the past few months.

The SBI is making conscious and continuous efforts to ensure social distancing for all its stakeholders by taking various measures. The bank is also providing convenient digital banking services to all its customers ensuring that they conduct their banking transactions from the safety/convenience of their home and help the nation overcome this pandemic. SBI is the largest commercial bank in terms of assets, deposits, branches, customers, and employees. It is also the largest mortgage lender in the country. (UNI)