Shares of State Bank of India (SBI) were up 4.4 per cent at Rs 418.90 on the BSE in intra-day trade on Monday, having rallied 9 per cent in the past two trading days, after the bank on Friday reported a strong performance on the asset quality front wherein slippages and restructuring were within guidance while sufficient provisioning buffer also provided comfort.

The Eastern Railway on Sunday said it has cancelled 25 trains between May 24 and May 29 due to Cyclone Yaas. The Railways issued a press release, informing about the decision and also shared lists of the trains it has canceled.

The low-pressure area which formed over the east-central Bay of Bengal on Saturday morning has intensified into a depression on Sunday and by Monday morning, it will form a cyclone namely Yaas, informed the India Meteorological Department (IMD) Director General of Meteorology Dr Mrutyunjay Mohapatra.

Delhi Chief Minister Arvind Kejriwal on Friday provided financial assistance of Rs 1 crore to the family of Nitin Tanwar, a teacher in the government school who succumbed to COVID-19.

The Delhi Chief Minister handed over a cheque of Rs 1 crore to the family members of Nitin Tawar and also promised every possible help from the Union Territory government.

In view of the cyclonic storm in the Bay of Bengal, Odisha Chief Secretary Suresh Chandra Mahapatra on Friday informed that all coastal and adjoining districts in Odisha have been put on high alert.

Chief Secretary Mahapatra held a meeting with all line departments, NDRF, Coast Guard, INS Chilika, DG Police, and DG fire services on Friday.

Canada has extended the ban on direct flights from India and Pakistan by one more month until June 21 in a bid to arrest the spread of new variants of the COVID-19, according to an official announcement.

The ban on flights from India and Pakistan was extended as the previous 30-day ban, first imposed on April 22, was set to expire on Saturday, Canadian Broadcasting Corporation (CBC) News reported.

The daily rise in coronavirus cases in India remained below the 3 lakh-mark for the sixth consecutive day, with 2.57 lakh new cases recorded in a single day, the Union health ministry said on Saturday.

With the fresh cases, India's tally of COVID-19 cases climbed to 2,62,89,290.

State Bank of India’s (SBI’s) net profit rose 80.1 per cent year-on-year (YoY) to Rs 6,451 crore in the fourth quarter ended March 2021, beating analysts' estimates on high net interest income (NII) and lower provisions. It had posted a net profit of Rs 3,581 crore in Q4FY20. Sequentially, net profit was up by 24.14 per cent against Rs 5,196 crore in Q3FY21.

South Indian Bank has reported a net profit of Rs 6.79 crore in the March quarter of FY21 against a loss of Rs 143.69 crore in the year-ago period. The net profit of the lender stood at Rs 61.91 crore against Rs 104.59 crore of the previous financial year.

Murali Ramakrishnan, managing director and chief executive of South Indian Bank, said the lower quarterly profit was mainly on the account of credit cost on the fresh slippages during the fourth quarter. This resulted in additional stress in the economy due to Covid pandemic.

With no trace of 15 personnel from barge P305 and 11 from tugboat Varaprada six days after Cyclone Tauktae fury rendered the vessels adrift, the Navy on Saturday deployed specialised diving teams to boost the search and rescue operations (SAR) off Mumbai coast.

To augment the ongoing SAR ops for the missing crew of Barge P305 and Tug Varaprada, specialised diving teams onboard INS Makar with side-scan sonar and INS Tarasa sailed out early morning today from Mumbai, a Navy spokesperson tweeted.

A team of researchers has validated a faster, cheaper COVID-19 test that could kickstart the expansion of more widespread rapid testing.

The results of the study led by Simon Fraser University researchers have been published in The Journal of Molecular Diagnostics.

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