Besides imposing fines totalling over Rs 1.29 crore on the 7 entiites and 9 officials, they have also been directed to cease and desist from indulging in anti-competitive practices
According to analysts, SBI can see continued traction in their operating performance, supported by modest business growth, while BoB may see a weak Q3 earnings show
Canara Bank hit a 52-week high of Rs 252.80, after rallying 6% in intra-day trade and 21% in the past four trading days.
SBI had put in place new rules wherein a woman candidate with more than three months pregnancy will be considered 'temporarily unfit' and can join the bank within four months after delivery
The Delhi Commission for Women issued a notice to State Bank of India seeking withdrawal of the guideline that prevents women who are over three months pregnant, from joining service
Overall, 38 accounts worth Rs 83,000 crore identified: SBI chairman
'First successful issuance of Formosa Bond by any Indian commercial bank, is a testimony of the confidence reposed by the overseas investors into India's growth story and also in SBI,' says chairman
According to Nandish Shah, the short term trend is bullish as the stock price is closed above all important short- term moving averages.
According to Mehul Kothari, traders can buy PNB on dips near the 40-mark with a stop loss of 36 for upside target of 48 in 3 - 5 weeks.
Its interest income rose by 9 per cent year-on-year to Rs 1,273 crore
House economists at the nation's largest lender State Bank of India (SBI) have urged the government to budget for nursing the pandemic-ravaged economy and not to focus too much on fiscal consolidation
The cabinet committee on economic affairs (CCEA) has also approved an equity infusion of Rs 1,500 crore in IREDA
Business Standard brings you the top headlines on Wednesday
Cabinet approves scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts
State Bank of India, the country's largest lender, on Saturday increased interest rates on fixed deposit (FD) by upto 10 basis points or 0.10 per cent.
India is Sri Lanka's third-largest export destination and it has invested heavily in the infrastructure and social sector projects in that country
SBI Managing Director Ashwini Kumar Tewari said Formosa issuance demonstrates the strong investor base the bank has created for itself in offshore capital markets
The country's largest lender SBI is looking forward to appointing the head for its digital banking, and it has invited applications from eligible candidates for the post by January 28.
The lender has an exposure of Rs 4,100 crore in the firm and had set a reserve price of Rs 1,423 crore for selling the loan to any ARC, bank, NBFC or a financial institution
The scheme has saved around 15 million jobs and stopped 14 per cent of outstanding MSME loans from turning into non-performing assets (NPAs)