Indian State Banks

SBI board approves Rs 10,000-cr AT1 bonds offering to support biz growth

Bank intends to raise before Mar23 though approval is till 2024

Jet airways revival hits new snag as banks push back on funding

The new owners meanwhile have indicated that extra money wasn't part of the already agreed upon resolution plan and instead must be taken out of the banks' dues

Expect $470-billion merchandise exports by year-end, says FIEO

Rupee trade mechanism with Russia to start soon, says FIEO

Maharashtra state bank employees union protests govt loan melas

The federation's secretary, said in a statement the Congress government before "distributed hundreds of crores" by organising loan melas and now the present government is on the same lines

Centre may revamp framework for setting state-owned banks' targets

New framework could be on lines of earlier 'Statement of Intent' used to fix annual targets, will monitor performance on parameters such as return on assets, NPA, financial inclusion initiatives

State Bank of India moves NCLT to recover dues from Bajaj Hindusthan Sugar

The sugar and ethanol producer owes nearly Rs 4,800 crore to banks

SBI board approves Rs 11,000 cr capital raise via AT1, tier-II bonds

Money to be raised in rupees, dollars or other convertible currency; lender's CAR at 13.83%, with tier-I of 11.42% and Tier-II of 2.41%, March-end

SBI receives board's approval to raise up to Rs 11,000 crore

State Bank of India (SBI) on Wednesday received the board's approval to raise up to Rs 11,000 crore through issuance of bonds.

Canara, Union Bank to raise around Rs 4,000 cr via AT-1 bonds by next week

Union Bank plans to raise up to Rs 2,000 crore while Canara Bank plans to issue AT-1 bonds worth up to Rs 2,000 crore, say sources

After HC rap, SBI approves farmer's outstanding amount of 31 paise

The State Bank of India on Monday told the Gujarat High Court that it has issued a no-dues certificate, which was withheld over non-payment of an outstanding amount of just 31 paise.

CBI issues look out notices against former CMD of ABG Shipyard, 8 others

The look out notices have been issued to prevent them from leaving the country, officials said

RBI believes differing policy strategy, policy stance can co-exist: Report

Bond yields have shed seven basis points to 6.73 per cent on Thursday after touching 6.88 per cent on the Budget day

Vodafone Idea 'in talks' with SBI for loan, asked to give turnaround plan

Bank has asked Vodafone Idea to present a detailed plan on their financial viability including equity infusion from the largest shareholders, says Bloomberg.

India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report

"The situation is very grim," the source said, adding that banks would require fresh funds soon

Irdai issues norms to protect group policyholders of merging state banks

Moreover, Irdai has said a bank in its capacity as a group organizer may have group insurance arrangements with any number of insurance firms

PSBs' losses up 3.5 times to Rs 147 bn in Q2 on bad loans; PNB hit hardest

These 21 public sector banks had posted a net loss of Rs 42.84 billion in the September quarter of 2017-18

Big Indian state banks need up to Rs 95,000 crore capital by March 2019

Weak capitalisation levels will remain a key credit weakness for the 11 banks