Page 43 - Sbi

Rs 10,000 crore Fund of Funds scheme to help MSMEs with growth: SBI chief

The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential at a time when they are facing severe shortage of equity and low revenues

SBI economists pitch for sector-specific loan recast after moratorium ends

They said the moratorium data is not "significantly perturbing" but hit out against the "spate of unplanned and unintelligent lockdown mania" in many pockets

SBI profit up 81% in June quarter to Rs 4,189 cr, moratorium down at 9.5%

A one-time gain of Rs 1,540 crore from the stake sale in its life insurance subsidiary and robust interest income were the key factors for the rise in profits Q1FY21

SBI Q1 profit jumps 81% YoY to Rs 4,189 cr, moratorium declines to 9.5%

The provision of Rs 3,008 crore is held by the bank on Covid-19 related accounts as on June 30, 2020

SBI's June quarter performance sets high expectations for investors

The lender's strong performance and improvement in moratorium offer comfort

Top headlines: SBI Q1 profit jumps 81%, RBI may extend moratorium

Here are the top headlines of the day

MARKET WRAP: Sensex slips 129 pts, Nifty ends at 11,073; RIL declines 2%

All that happened in the markets today

SBI Q1FY21 preview: Stake sale gain from SBI Life to cushion Covid-19 blow

Amid declining interest income and lower net profit sequentially, analysts see India's largest public sector bank's business growth to be modest in the recently concluded quarter

Punjab National Bank's UK unit wins court battle over unpaid loans

The case by the UK subsidiary of PNB is seen as a landmark decision for similar cases involving wilful defaulters who are residing in or have assets in the UK

Treasury gains to aid Q1 profitability of public sector banks: Analysts

Besides the impact of Covid-19, sluggish loan growth due to merger integration, moratorium and delay in the resolution of NCLT accounts are some of the factors that are likely to dent earnings

Nifty PSU Bank index rallies 4% ahead of PM Narendra Modi's review meeting

UCO Bank, Central Bank of India and Bank of Maharashtra surged more than 5%, while Bank of India, Union Bank of India, PNB, IOB, Bank of Baroda and SBI were up in the range of 2% to 4% on the NSE

SBI providing $16 mn liquidity support for local businesses in Maldives

The SBI is providing liquidity support of $16.20 million for local businesses and deferred loan repayment for over 200 retail accounts, the Indian High Commission in the Maldives said

Shouldn't pay be for performance?

Compensation is payment for what has been done. Performance is all about what has been achieved. Both can be measured. Surely, it cannot be so difficult to link the two

Mobile banking may become most preferred channel, says SBI's Rajnish Kumar

Out of 100 transactions at SBI, only 9 transactions are being made in branches

Bankers divided on extending moratorium, fear potential spike in bad loans

Without regulatory intervention, slippages could surge 300 bps

Managing public debt

India needs structural changes in economic management

PSBs: First accurate data and transparency

The RBI had for years refused to share bank inspection reports on grounds that it held them in a fiduciary capacity, and activists fought all the way to the Supreme Court

Govt announces norms for contributions by individuals, institutions to NDRF

These contributions have been allowed as per Section 46(1)(b) of the Disaster Management Act, 2005

YES Bank FPO sails through; subscription crosses the mandatory 90% level

The FPO generated bids for 8.5 billion shares, 93% of the 9.1 billion on offer, the data provided by the stock exchanges at 6 pm showed

SBI to raise Rs 25,000 crore in AT1, tier II capital in current fiscal

The capital is expected to strengthen the bank's capacity to growth business and create buffers to withstand shocks