Bizbits

The executive committee of the central board of SBI met in Delhi to clear the new appointments. At present, SBI has 10 DMDs.

Reliance board to meet on April 27

MUMBAI 8212; The board of directors of Reliance Industries Ltd RIL will meet on April 27 to consider the audited financial results for the year ended March 31, 1998 and to recommend dividend. The company has sent a notice to this effect to the stock exchanges today. According to RIL release, the company8217;s sales turnover for the year ended March 31, 1997 was Rs 8,730 crore, operating profit Rs 1,948 crore and net profit Rs 1,323 crore.

MFtrustees role

MUMBAI: The P K Kaul committee appointed by the Securities and Exchange Board of India Sebi to define the role of mutual fund trustees, is expected to finalise its recomendations on April 29. The committee, which met today, is examining the role of trustees and their responsibilities with a view to identifying their specific role in mutual funds.