Page 40 - Sbi

SBI raises Rs 4,000 crore through Basel III compliant debt instruments

The country's largest lender State Bank of India (SBI) on Wednesday said it has raised Rs 4,000 crore through the issuance of Basel III compliant debt instruments

Focusing only on retail may not be prudent for banks currently: SBI MD

At a time when the economy is facing challenges, banks should not solely focus on the retail segment as sluggish growth can impact this category of loans, a top banker said

Cube Highways enters Rs 3,500 cr financial deal with SBI

The firm was awarded nine road stretches with 2,265 lane kilometers across states in India last November, in the third Toll-Operate-Transfer round by NHAI

SBI invokes personal guarantees of Bhushan Power & Steel promoter

Action against Sanjay Singal comes within days of the Finance Ministry asking banks to invoke personal guarantees in all insolvency cases

State Bank of India prices riskiest capital securities at record-low cost

SBI will sell Rs 4,000 crore ($545 million) of the so-called Additional Tier 1 bonds at a coupon of 7.74 per cent

Plan to recruit 14,000 staff this year; VRS not cost-cutting exercise: SBI

The State Bank of India (SBI) said it proposes to recruit 14,000 employees during the current year and its 'on tap VRS' is not a cost-cutting exercise

SBI denies VRS meant to save cost, says it plans to hire 14,000 this year

The spokeperson said SBI had an existing workforce of around 250,000 and had been at the forefront of serving employee needs and designing ways for engaging, assisting employees in their life journey

Top headlines: Voda Idea re-brands itself 'Vi', SpiceJet to pay Rs 243 cr

From Delhi High Court asking SpiceJet to deposit Rs 243 cr, Vodafone Idea rebrands itself 2 years after merger to Maruti Suzuki posting 11% rise in August production, here are top news of the evening

SBI's VRS scheme cruel as economy has collapsed, says P Chidambaram

Congress leader P Chidambaram on Monday slammed the reported SBI plan to implement a voluntary retirement scheme at a time when the economy has collapsed and called it cruel

SBI plans VRS scheme covering 30,000 staff as it seeks to optimise costs

The scheme will be opened to all permanent officers and staff who have put in 25 years of service or have completed 55 years of age on the cut-off date

Operational strength, subsidiaries to drive State Bank of India's re-rating

Annual operating profit of Rs 60,000 crore good enough to absorb any increase in provisioning, while high growth potential subsidiaries to drive valuations

FinMin directs govt-owned banks to invoke personal guarantees of defaulters

SBI takes lead in preparing list of all defaulters, including large corporations, whose firms are under bankruptcy proceedings

Fintech the way forward for Indian banking, payment system: SBI MD

Giving the example of SBI, he said, 91 per cent of jobs are being done digitally now, which was unthinkable 35 years ago

SBI moots VRS for employees who don't get promoted; will seek govt nod

Officers protest, say they were kept in dark; lenders say VRS is optional and that it won't push employees to take it

SC makes CEOs liable if telecom companies fail to pay AGR dues

CEO asked to furnish personal guarantee within four weeks; order alarms professional managers

Old SBI hand Dinesh Khara faces new challenges amid Covid-19 pandemic

Being an insider, Khara knows SBI culture well and has the backing of an experienced team

Vedanta ties up with SBI for long-term syndicated loan of Rs 10,000 cr

Vedanta said it has tied up with State Bank of India for a long-term syndicated loan facility worth Rs 10,000 crore

Book profit in bank stocks even as moratorium period ends today: Analysts

So far, there have been varied views with regards to the percentage of loans that may seek restructuring.

Unlock BFSI 2.0: Rajnish Kumar, Aditya Puri on their success mantra, more

Puri, who counts JP Morgan CEO Jamie Dimon as one of his inspirations, says the biggest challenge of his career was to scale up HDFC bank

Brokerages turn bullish on SBI on attractive valuation; see 20-44% upside

From its recent low of Rs 150.85 apiece (closing basis) touched on May 22, 2020, the stock has rallied 39 per cent on the BSE, data show