Page 41 - Sbi
RBI's core income growth takes a hit as global interest rates decline
The central bank's core earnings or interest income from its rupee and forex assets were up just 2.3% year-on-year in FY20 despite 30% rise in its assets during the year
 "RBI's core income growth takes a hit as global interest rates decline")
Banks Board Bureau recommends Dinesh Khara for SBI chairman post
Govt will take final call on appointment of SBI chairman. If selected, Khara would succeed Rajnish Kumar, whose term ends in October
 "Banks Board Bureau recommends Dinesh Khara for SBI chairman post")
States' GST revenue shortfall can be bridged by monetising debt, NSSF: SBI
The Centre said a special window can be provided to the states, in consultation with the RBI, for borrowing at a reasonable interest rate
 "States' GST revenue shortfall can be bridged by monetising debt, NSSF: SBI")
Banks Board Bureau recommends Dinesh Khara as new SBI chief
C S Setty, another MD at the state-owned lender, has been recommended as the reserve candidate
 "Banks Board Bureau recommends Dinesh Khara as new SBI chief")
Nifty Bank gains 3.5%, hits 10-week high; Axis Bank soars 8%, ICICI Bank 5%
August Futures and Options (F&O) series, which ended on August 27, saw strong participation from banking sector underlying optimism in the space
 "Nifty Bank gains 3.5%, hits 10-week high; Axis Bank soars 8%, ICICI Bank 5%")
CRISIL upgrades YES Bank's certificates of deposit from 'A2' to 'A2+'
YES Bank's total deposits increased to Rs 1.17 trillion (including CD) as on June 30 from Rs 1.05 trillion as on March 31
 "CRISIL upgrades YES Bank's certificates of deposit from 'A2' to 'A2+'")
SBI's Kumar, HDFC's Puri speak on their careers, legacies, motivations
The two titans of Indian banking also spoke about what it takes to succeed in the highly competitive and byzantine financial services sector
 "SBI's Kumar, HDFC's Puri speak on their careers, legacies, motivations")
Banks Board Bureau to interview four SBI MDs for Chairman post on Aug 28
The three-year term of current SBI Chairman Rajnish Kumar will come to an end on October 7
 "Banks Board Bureau to interview four SBI MDs for Chairman post on Aug 28")
Unlock BFSI 2.0: SBI chief hopes for lesser corporate debt recast requests
Kumar said banks would look at all requests for restructuring on a case-to-case basis and will act according to whatever is permitted by regulation
 "Unlock BFSI 2.0: SBI chief hopes for lesser corporate debt recast requests")
SC to examine if assets can be considered for liquidation to settle dues
UBHL has challenged the March 6 order of the Karnataka High Court upholding the decision of a single judge to wind up the company
 "SC to examine if assets can be considered for liquidation to settle dues")
India needs more banks for financial inclusion: SBI, HDFC Bank leaders
"Consolidation for the sake of consolidation" is not feasible because demand for financial services exceeds supply in the country, said Aditya Puri
 "India needs more banks for financial inclusion: SBI, HDFC Bank leaders")
SBI plans policy to lend to coal miners ahead of landmark auctions
Lenders are also wary about sustained demand for coal, which is seen globally as a dirty fuel but is still the biggest source for electricity generation in India.
 "SBI plans policy to lend to coal miners ahead of landmark auctions")
Goldman Sachs upgrades SBI to 'Buy', ups target price by 54%; here's why
Seen as the "proxy of improving confidence in the financial sector", Goldman Sachs believes SBI's current stock valuation (0.2x FY21E BVPS) makes for an attractive entry point
 "Goldman Sachs upgrades SBI to 'Buy', ups target price by 54%; here's why")
Banks sanction loans of Rs 1.56 trn to MSMEs under credit guarantee scheme
The loan amounts sanctioned by PSBs increased to Rs 76,765 crore, of which Rs 58,230 crore has been disbursed as of August 24, Sitharaman said
 "Banks sanction loans of Rs 1.56 trn to MSMEs under credit guarantee scheme")
Covid-19 impact: Moody's lowers SBI's baseline credit assessment to 'ba2'
The rating agency, however, affirmed SBI's Baa3 deposit ratings
States face uncovered losses of Rs 3.1 trillion in FY21: SBI report
States are likely to face uncovered losses of up to Rs 3.1trn in the current financial year due to massive disruption caused by Covid-19 pandemic, according to a report by State Bank of India (SBI)
 "States face uncovered losses of Rs 3.1 trillion in FY21: SBI report")
Bank stks in focus; Nifty Bank adds over 2.5%; IDFC First gains 7%, SBI 2%
Global agency Moody's pegs the banks' recap needs at Rs 1.9 lakh crore to Rs 2.1 lakh crore ($25 billion-$28 billion) in external capital over the next two years under its base scenario
 "Bank stks in focus; Nifty Bank adds over 2.5%; IDFC First gains 7%, SBI 2%")
SBI, PNB, BoB may go for share sale in FY21 to shore up capital: Report
According to the sources, banks would get a better picture about their Non-Performing Assets (NPAs), one-time loan restructuring and consequent ratings latest by the end of October
 "SBI, PNB, BoB may go for share sale in FY21 to shore up capital: Report")
CBI searches 5 places in Delhi, MP for Rs 938 cr SBI loan fraud case
The searches were being carried out in Madhya Pradesh's Morena and the office premises of KS Oils Ltd on Delhi's Barakhamba Road, as also of its Managing Director and promoters
 "CBI searches 5 places in Delhi, MP for Rs 938 cr SBI loan fraud case")
Govt appoints Ashwani Bhatia as SBI MD, to continue till retirement
Bhatia will be the fourth managing director at the country's largest lender
