Page 17 - Sbi

LIVE: Nearly 5,000 people killed in siege of Ukraine's Mariupol, says mayor

A spokesperson for the city mayor said about 90% of buildings in Mariupol had been damaged and about 40% had been destroyed

SBI MF adds 3 million SIP accounts at 40% YoY growth rate in FY22

Asset manager clocks strong performance this fiscal, ahead of its IPO

SBI inks co-lending pact with five HFCs for affordable housing

SBI expects to grow home loan book to Rs 7 trn by 2024

Former SBI chairman Rajnish Kumar joins advisory board of Dun & Bradstreet

Former State Bank of India (SBI) chairman Rajnish Kumar has joined the international strategic advisory board of data and analytics firm Dun & Bradstreet, a release said on Thursday. Kumar, a veteran banker, currently sits on the boards of HSBC Asia Pacific, L&T Infotech, Hero MotoCorp and BharatPe. "Dun & Bradstreet is contributing to empowering MSMEs through technology-based finance, risk, compliance, data and marketing solutions in India. Kumar is recognised as a leader in the digital India mission, and we look forward to his guidance and vision as we contribute to Atmanirbhar Bharat," Avinash Gupta, Managing Director (India) at Dun & Bradstreet, said. Dun & Bradstreet has a legacy of more than 180 years, and is a respected name in business decisioning data, analytics and ratings, Kumar said. "I am looking forward to working with the Dun & Bradstreet team to help create value for all stakeholders," he added.

Sensex falls 305 pts, Nifty gives up 17,250; Paytm slides 4%, HDFC 2%

CLOSING BELL: HDFC, Bharti Airtel, Cipla, Britannia, Sun Pharma, Maruti, and Bajaj Auto were the major drags today

SBI lines up 12 NPA accounts for sale to recover dues of over Rs 820 cr

Country's largest lender SBI has lined-up a dozen non-performing assets (NPAs) on sale to recover loan dues of over Rs 820 crore, as per the bank's notifications. In terms of the bank's policy on sale of financial assets, in line with the regulatory guidelines, SBI said it has placed these accounts for sale to asset reconstruction companies (ARCs)/banks/Non-Banking Financial Companies (NBFCs)/financial institutions (FIs), on the terms and conditions indicated there against. In various notices on its website, State Bank of India (SBI) has put up a total of 12 bad assets for sale during this month to April 13. NPA account Topworth Urja & Metals Ltd, with a loan outstanding of Rs 396.74 crore is to be sold in an e-auction to be held on March 29, 2022. With reserve price fixed at Rs 85 crore, SBI said the NPA account will be sold on a cash/cash-cum-SR ratio of 50:50. "Bid with highest cash component shall be considered as successful bid," it said in a notice. Another account, Balasore

SBI signs agreement to provide $1-bn credit facility to Sri Lanka

The finance ministry on Thursday said State Bank of India (SBI) will provide $1 billion credit facility to Sri Lanka for procurement of food, medicines and other essential items.

BBB recommends Alok Choudhary for SBI Managing Director post

The Banks Board Bureau (BBB) on Wednesday recommended the name of Alok Kumar Choudhary for the post of managing director of State Bank of India. The headhunter for directors of state-owned banks and financial institution also recommended A Manimekhalai, Ajay Kumar Srivastava and Swaroop Kumar Saha for MD position of Union Bank of India, Indian Overseas Bank and Punjab & Sind Bank, respectively. The Bureau interviewed 21 candidates and based on their performance selected Alok Kumar Choudhary for the position of managing director of SBI, BBB said in a statement. Choudhary, who is deputy managing director (Finance), will replace Ashwini Bhatia who has been appointed a whole time member of Sebi. Prior to this, he was chief general manager of Delhi region for three years. The final decision on the appointment will be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi. BBB is headed by former Department of Personnel and Training Secretary B P ...

Sanctions on Russia an opportunity to internationalise rupee: SBI report

'Moment of reckoning' for Indian currency as countries look to circumvent West's crackdown on Moscow, says research.

Ukraine war: SBI sees CAD at 3.5% if crude boils; GDP growth at 7.1%

The rupee is the worst hit emerging market currency since the invasion of Ukraine by Russia and the resultant sweeping economic sanctions against Moscow

Punjab & Sind Bank to buy 2% stake in bad bank NARCL for Rs 55 cr

Punjab & Sind Bank on Friday said it has entered into an agreement to buy 2 per cent stake in asset reconstruction company NARCL for Rs 55 crore. "Punjab & Sind Bank has entered into an agreement with National Asset Reconstruction Company on March 10, 2022 regarding investment in NARCL," the lender said in a regulatory filing. The bank said the equity investment would be done in tranches, with the first investment of Rs 28.18 crore expected to be completed by March 31, 2022. The financial investment is being done to ensure prompt resolution, including recovery of NPA (non-performing assets) accounts, the bank said. NARCL was incorporated on July 7, 2021 with a total authorised share capital of Rs 2,750 crore to act as a bad bank for speedy resolution of bad assets of the banks. In January, SBI Chairman Dinesh Khara said that 38 NPA accounts worth Rs 82,845 crore were identified to be transferred to NARCL. Transfer of these accounts will happen in a phased manner with banks ...

Innovative tech creating unprecedented disruption in banking sector: Khara

Digitisation and innovative technologies are creating unprecedented disruption in the banking sector, and lenders need to be agile to meet the rising expectations of customers, State Bank of India's Chairman Dinesh Khara said on Friday. Banks have adopted the digital revolution, which has reduced their cost and widened the area of services they offer, he added. "Digital innovation is redefining industries and changing the way businesses function. Digitisation and innovative technologies are creating unprecedented disruption in the banking sector and the rate of change is accelerating," Khara said at a Dun & Bradstreet event. Today, digitisation and digital innovations have become a strategic priority for the banking industry, he noted. "Banks need to be agile and nimble as technology increases customer expectation and the regulatory landscape also evolves rapidly to keep pace with technological advancement," he said. According to Khara, there is a realisation among banks that the

SBI to revamp banking app YONO, position it as complete digital bank

YONO has three facets, namely DB for seamless and intuitive banking services

Finance stocks in focus; Axis Bank, Bajaj Finserv, SBI rally up to 6%

At 11:53 am; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Private Bank indices were up 4 per cent, as compared to a 2.3 per cent rise in the Nifty50 index.

SBI appoints Nitin Chugh as DMD to lead digital banking operations

Chugh would be responsible for driving growth of customer acquisitions through digital channels, along with defining and implementing digital strategies.

SBI appoints Nitin Chugh as DMD to lead digital banking operations

Chugh would be responsible for driving growth of customer acquisitions through digital channels, along with defining and implementing digital strategies.

SBI appoints Nitin Chugh as DMD to lead digital banking operations

Chugh would be responsible for driving growth of customer acquisitions through digital channels, along with defining and implementing digital strategies.

SBI, others in race to buy loan portfolio of Tata Motors' finance units

Shareholders of two lending companies clear plans to sell loan assets up to Rs 14,500 crore.

YES Bank looks to raise up to Rs 10,000 crore equity capital

There were reports that private equity groups such as Carlyle and Advent International are looking at a significant investment in the bank

SBI stops transactions related to Russian entities under sanctions

'No transactions involving entities, banks, ports or vessels appearing on the US, European Union or UN sanctions list would be processed irrespective of the currency of the transaction'