Page 39 - Sbi

Stressed funds set to make beeline for India on spike in Covid-driven NPAs

Bankers expect bad debt worth $35 bn to be up for grabs, in addition to $110 bn already in the system; Blackrock, SBI Cap, Brookfield eyeing stressed assets

SBI launches e-facility to check eligibility for retail loans restructuring

Reserve Bank of India had announced a one-time restructuring scheme for personal loan and corporate borrowers affected by Covid-19 stress

Step up infra investment to spur demand, revive economy: SBI chief

Says banks not risk averse, they are being prudent

FinCEN files: Major Indian banks figure in suspicious transactions list

Banks say they themselves red-flagged the transactions to RBI, authorities

State Bank of India raises Rs 7,000 cr via Basel III compliant bonds

The bonds qualify as tier II capital of the bank, and has face value of Rs 10 lakh each, bearing coupon rate of 6.24 per cent per annum payable annually for a tenor of 10 years, it said

Retail customers yet to approach us in big numbers for loan recast: SBI MD

SBI has launched a portal for retail customers to check eligibility for personal loan restructuring

PSBs report 2,867 cases of frauds worth Rs 19,964 cr in April-June qtr: RBI

Of the 12 PSBs, SBI reported the maximum 2,050 fraud cases involving Rs 2,325.88 crore during April-June 2020

Covid-19 pandemic hits value of Indian brands, says Kantar report

Like major banks - State Bank of India, Axis Bank, and IndusInd Bank, top auto brands such as Maruti Suzuki, Bajaj Auto, and Hero MotoCorp have suffered significant losses

SBI open to global partnership for resolution of stressed assets: Chairman

According to rating agency ICRA, the total quantum of the debt which can get restructured will be between Rs 6 trillion and Rs 10 trillion

Supreme Court rejects SBI plea for resuming IBC case against Anil Ambani

The case is among the first high-profile ones after rules were set for personal bankruptcy last year

SBI's Rajnish Kumar urges investors to take part in stressed assets sector

He also reiterated that the Insolvency and Bankruptcy Code (IBC) is not a recovery mechanism for lenders, but rather a means to preserve the value of enterprises

SC rejects SBI plea to vacate stay on invoking Anil Ambani's personal guarantees

While the personal guarantee matter is being heard by the SC, the fate of dues worth Rs 45,000 crore, including to the Chinese banks, will be decided by the NCLT where the matter is still pending

Top headlines: Vedanta wins arbitration claim; direct tax mop up improves

From Russian vaccine making its way to India to ONGC withdrawal from Sudan oil fields, here are top headlines this morning

Supreme Court to begin hearing SBI's plea against Anil Ambani today

A banker said Ambani has objected to the SBI invoking personal guarantees under the Corporate Debtors Regulations, 2019

Titan ticks with Covid times to roll out contactless payments watches

Titan Pay range, launched in tie-up with SBI, allows bank's YONO account holders to tap the watch on contactless payment POS machines without having to swipe or insert bank card\

Select PSU banks gain on government's Rs 20,000 crore fund infusion plan

Finance Minister Nirmala Sitharaman had, during her Union Budget speech for 2020-21 in February, avoided going for recapitalisation of PSBs in this financial year

SC decision on Anil Ambani guarantee to decide fate of other promoters

Banks plan to invoke personal guarantees in 40 cases

How to sniff and dodge financial scams and keep your wealth intact

Here are some tools that will help you detect a scam from a mile away and avoid touching one even with a 10-foot barge pole

Loan restructuring: This time is different

It marks a reversal in the approach to tackling bad loans, but it is not kicking the can down the road

State Bank of India raises Rs 4,000 cr via AT1 bonds at a coupon of 7.74%

State Bank of India (SBI) has sold Rs 4,000 crore of the Basel compliant additional tier one (AT1) bonds at a coupon of 7.74%