Page 44 - Sbi

Top headlines: Govt okays capital infusion in 3 state-run general insurers

Business Standard brings you the top headlines of the day

SBI reduces savings deposit rates by 5 bps, ICICI Bank by 25 bps

SBI has reduced its savings deposit interest rates to 2.70 per cent across all slabs from May 31, according to its website

Top 10 biz headlines: Boeing cuts 12,000 jobs, SBI slashes FD rate and more

Here are the top 10 headlines on Thursday morning

Rs 411-crore fraud: SBI approaches CBI as three loan defaulters flee India

Besides SBI, other members of the consortium that has been cheated are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank

Axis Bank Q4 results: Lender's asset quality worrying for investors still

The bank's slippages moderated significantly in March, but provisioning costs because of the coronavirus rose.

Uttam Galva defaults on Rs 664-cr loan; ArcelorMittal, SBI among creditors

UGSL, which shut its plants and operations after the lockdown was announced last month, said it has an outstanding of Rs 1,008 crore to its creditors

SBI to provide lifeline emergency credit to coronavirus-hit borrowers

The ad-hoc loan facility named - COVID 19 Emergency Credit Line (CECL) is aimed at meeting the temporary liquidity mismatch arising out of covid-19, SBI said in a communication to branches.

Union Cabinet clears draft resolution scheme for YES Bank revival

The scheme was announced a day after the RBI imposed a month-long moratorium on YES bank

SBI pares savings account interest rate to 3%, scraps minimum balance fine

No more SMS charges, Home and auto loan customers to gain as MCLR is slashed by 10-15 bps in tenth such cut this year

SBI says reducing indirect taxes, and not rate cuts, can lift consumption

It said a rate cut is unlikely to work in isolation as bank transmission of RBI's rate cut has been slow

SBI cuts retail deposit rates by up to 50 bps, reduces MCLR by 10-15 bps

In view of adequate liquidity in the system, bank in a statement said it has realigned interest rates on Term Deposits with effect from March 10, 2020

SBI does away with minimum balance requirement in savings accounts

SBI, India's largest bank, has more than 24,000 branches and over 400 million customers

Top Headlines: Govt gets Rs 25,900 cr in AGR dues; Scindia joins BJP

The SBI has reduced its fixed deposit rates for certain tenors and marginal cost of funds-based lending rates (MCLR) across various tenors

Price of leadership

SBI's YES Bank investment raises questions

Best of BS Opinion: The oil crash, SBI's YES Bank investment, and more

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

YES Bank to transform into a retail bank: Administrator Prashant Kumar

Hopeful that moratorium on withdrawal will be lifted by Friday, says bank administrator

Chalasani Venkat Nageswar gets additional charge of DMD, CFO of SBI

Chalasani Venkat Nageswar is Deputy Managing Director, International Banking Group and has been given additional charge as DMD and CFO

YES Bank fallout: Axis Trustee Services seeks clarity on AT-1 bondholders

RBI's draft reconstruction scheme for YES Bank suggested a permanent write-down of these bonds outstanding as of March 5.

Days after Yes Bank crisis, IndusInd Bank defers fund raising plans

The original plan was to borrow in local or foreign currency through AT-1 instrument or tier-2 capital

YES Bank 'won't fall off the cliff', SBI to rescue it with 49% stake

To pick up 49% stake in bank for Rs 2,650 cr; administrator says working to revive bank well before moratorium period ends