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SBI to hold virtual meeting of shareholders on 17 June

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MUMBAI : India’s largest lender State Bank of India will hold its annual general meeting on 17 June via video conferencing in accordance with norms issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (Sebi).The lender said that its shareholders will be allowed to e-vote for electing four directors as per the provisions of the SBI Act and SBI General Regulations, 1955.“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," it said.This seems to be a change from earlier expectations of a physical meeting of shareholders despite the covid-19 pandemic.

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