Lender mopped up Rs 2,800 crore from the share sale
Kumar, an ex-chief financial officer of SBI, also assured depositors that their money is safe and there is no reason to panic
The bank's board has been superseded by RBI-appointed administrator Prashant Kumar, former deputy managing director and chief financial officer of SBI
Listing gains may be limited, if the issue is subscribed multiple times
The IPO comprises a fresh issue of Rs 500 crore and an offer for sale of 13,05,26,798 equity shares
Sectors like thermal power, NBFCs and commercial real estate sector are currently facing some stress
Gross non-performing assets stood at 2.47% at the end of last year, down from around 2.9% in March 2018
Optimism on the stock is highest in 15 years; easing of corporate sector stress in Q3 gave the much-needed comfort
The bank published the advertisement for the proposed auction in newspapers as well as the social media
"Multiple objectives are not a good thing. They confuse the markets," said a senior economist not wanting to be quoted.
Sebi's observations are necessary for any company to launch public issues including initial public offer, follow-on public offer and rights issue
Talking about the current levels of non-performing assets, Basu said banks should have been cautious in some cases
From WhatsApp Pay's phased roll out in India to PhonePe's plans of creating world's biggest ATM network in India, here are the day's top headlines
Good recovery from the Essar Steel stressed loan account provided an impetus to the Q3 performance. However, gains were restricted due to the DHFL account turning bad
For digital transactions, the government has given a target of 4,000 crore digital transactions for the current fiscal
SBI is the first lender to announce a timeline to switch to an external benchmark
From India's first fall ín direct tax collections in two decades to the latest in Tata-Mistry case, here are today's top headlines
Bank unions have called for a two-day nationwide strike on January 31 and February 1 after talks over wage revision failed to make headway with the IBA
In SBI's scheme, the buyer pays only the down payment. The developer pays the interest during the construction period
Business Standard brings to you a list of products and services that might either pinch your pockets or ease your expenses in the coming months