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MARKET WRAP: Sensex rises for 5th day, ends 304 pts higher; Titan gains 4%

All that happened in the markets today

SBI grew in size and stature under the leadership of Rajnish Kumar

Notably, since September 2017, gross net non-performing assets (NPAs) have fallen from Rs 1.86 trillion to Rs 1.3 trillion at the end of June 2020.

We can quickly come back to pre-Covid levels, says SBI's Rajnish Kumar

The morale of the staff and courage shown by those working in SBI have not been allowed to go down, said Kumar

SBI's next challenge: Keeping digital banking app YONO ahead of the curve

Bank enters uncharted territory as it looks to license app, which it values at $40 billion

BBB recommends Swaminathan Janakirman, A K Tewari for MD posts at SBI

A K Tiwari has been serving as the managing director and chief executive at SBI Card since August 1, 2020.

The task before the new SBI boss

The State Bank of India can be taken to the next level by transforming it into a marketplace to meet the financial needs of its corporate clients across the value chain

Best of BS Opinion: Task before the new SBI boss, debt restructuring & more

Here's a selection of Business Standard opinion pieces for the day

Managing people will be key to success for SBI's CFO Charanjit Singh Attra

How the 49-year-old chartered accountant handles people-related issues in the country's largest public sector bank would be keenly watched

SBI chairman Rajnish Kumar's YONO app target isn't overblown: Experts

Globally, payment solution providers such as Visa, MasterCard and PayPal are displacing traditional banks in the pecking order

SBI, HUL tie up for providing easy access to credit to small retailers

SBI and FMCG major HUL announced a partnership to enable easy access to credit to small retailers and also help them join the digitisation bandwagon in order to "survive in the new world"

SBI to waive processing fee on YONO loans, offers 10 bps off on home loans

The country's largest lender is offering the lowest interest rate starting from 7.5 per cent to customers opting for car loans

SBI rolls out slew of offers for retail customers ahead of festive season

Offers include 100 per cent waiver of processing fee for all customers applying for car, gold, and personal loans through Yono

Status quo policy regardless of late MPC member induction: Experts

While new members will be domain experts, it would be too early for them to properly grasp of the situation once they get to see a tiny picture of the real economic scene at hand

SBI Cap takes over collateral for 56% stake in Jindal Stainless

As on June 30, 2020, promoter and promoter group of Jindal Stainless held 68.12 per cent stake in the firm company with the balance 31.88 per cent being public shareholding.

SBI relocates financial inclusion to Delhi for better synergy with govt

In a bid to promote financial inclusion and better coordination with the government, State Bank of India (SBI) on Friday relocated the financial inclusion and micro market (FI&MM) division from its Mumbai corporate office to the national capital. The FI&MM division takes care of 8,000 rural and semi-urban branches catering to bottom of the pyramid segment and 64,000 customer service points (CSPs) managed by business correspondents and 58,000 ATMs. Besides, the division is responsible for running all the government-sponsored schemes, including direct benefits trasfer like PM-KISAN, in coordination with various departments and ministries. According to SBI Chairman Rajnish Kumar, the focus of the Delhi-based division will be community service, financial inclusion and running government-sponsored schemes. The new office of the vertical inaugurated by the SBI chairman will be headed by Deputy Managing Director Sanjeev Nautiyal. Earlier, the vertical was part of retail overall ...

MARKET WRAP: Sensex surges 835 pts, Nifty reclaims 11K; Nifty IT up over 3%

All that happened in the markets today

How loan restructuring scheme can impact your finances: Things to know

The accumulated interest will increase the principal and you will have to pay a higher interest rate on it

UTI MF, Mazagaon Dock IPOs open Sept 29, Angel Broking sees muted demand

The Rs 600-crore IPO of Angel Broking garnered nearly four times subscription

SBI to levy 1% more on working capital under debt restructuring

Any concessions provided during the resolution period will result in right of recompense

Banks may recast Rs 2-trillion loans, says SBI chairman Rajnish Kumar

India Ratings had earlier said banks may have to restructure loans worth Rs 8.4 trillion