In a Q&A, the lender's chairman Dinesh Khara says the banking system awaits a restructuring proposal from Vodafone-Idea
Pratip Chaudhuri was granted bail by the court on Tuesday
The account turned bad before he took over as SBI chairman. The underlying asset was sold to AARC following an open bidding process, months after he retired.
The growth instinct appears to have taken root, and banks are now better placed to handhold India Inc
We have an advantage over fintechs that offer lending based on credit bureau scores or conventional bank statements, said Achuthan
The Rajasthan Police have stepped up vigil in the SBI loan scam as it is being feared that other accused may flee the country.
Khara expressed hope that capacity utilisation will improve, and help revive investment demand in the corporate sector
Khara said the IBA has taken up the issue with government authorities and hoped this matter "will be behind us very soon"
Net interest income of the lender jumped 10.65 per cent YoY to Rs 31,184 crore from the same period last year
Chaudhuri became the chairman on April 7, 2011, a month after O P Bhatt retired, and his term ended on September 30, 2013
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Total income increases 3% to Rs 77,689 cr
The broader markets moved in tandem with the key benchmark indices. The BSE Midcap and Smallcap indices were down 0.2 per cent and 0.3 per cent, respectively.
SBI appears well-positioned to report a strong uptick in earnings, led by moderation in credit costs, as the bank has strengthened its balance sheet and increased its PCR
SBI and other banking shares, along with stocks of companies to report earnings today will be in focus
The Rajasthan Police had on Sunday arrested Chaudhuri in Delhi in connection with an alleged loan scam.
Already, the bank gives a 5 basis points discount on home loans if it is applied online/Yono
Stock market LIVE: The BSE Midcap and Smallcap indices gained 0.6 per cent and 1.1 per cent, respectively. Realty and auto shares rallied, while metal stocks declined in trade on Tuesday
Operationally, though, State Bank of India's net interest income (NII) is seen rising between 0.6 per cent and 4.6 per cent YoY
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