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The sale of government 's stakes in Bharat Petroleum has got SBI Capital and Deloitte in a race for advisors. According to the sources, both the firms will give 15 minutes presentation on Thursday post which financial bids will be opened. “The advisor will undertake tasks relating to all aspects of the proposed strategic disinvestment culminating into successful completion of the transaction during the current financial i.e. 2019-20", said DIPAM.
State Bank of India has made it clear to the refiners that it will not handle payments for crude from Iran post-October, the finance head of Indian Oil Corp said today. Indian refiners make payments for the Iranian oil supply through SBI and Germany-based Europaeisch-Iranische Handelsbank AG (EIH), which forwards the payments in Euros.