Page 47 - Sbi

Top banks' asset quality pains are easing, show July-September earnings

Results of SBI, ICICI Bank and Axis Bank indicate respite in formation of fresh bad loans; resolution and recoveries will be important for the trend to sustain

SBI pre-tax profit sees three-fold jump to Rs 5,060 crore, beats estimates

Net profit stood at Rs 3,012 crore, as against Rs 945 crore for Q2FY19

SBI Q2 preview: Stake sale in SBI Life to aid performance; slippages eyed

The largest public lender reported a net profit of Rs 944.9 crore in the corresponding quarter of the previous fiscal, and Rs 2,312.2 crore in Q1FY20

SBI to conduct e-auction of 11 accounts on Nov 7 to recover Rs 467-cr dues

The State Bank of India (SBI) will conduct an e-auction of 11 bad loan accounts on November 7 to recover dues of Rs 466.49 crore. In terms of the bank's revised policy on sale of financial assets, in line with the regulatory guidelines, the bank will place 11 accounts for sale to ARCs/banks/NBFCs and FIs, SBI said in an auction notice. The bank said the financial assets were showcased on October 12 and the e-auction will take place on November 7. The major non-performing asset (NPA) accounts to be auctioned include Bhatia Global Trading (BGTL), which has an outstanding of Rs 177.02 crore on the bank, Bhatia Coke & Energy Ltd (Rs 104.15 crore), Bhatia Coal Washeries (Rs 12.58 crore) and Asian Natural Resources (India) Ltd (Rs 2.18 crore). Maharastra Steels Pvt Ltd (Rs 40.51 crore), Anshul Steel Ltd (Rs 37.70 crore) and Vidhata Metals (Rs 36.98 crore) are the other accounts to be auctioned. The auction for the accounts will be held under the 'Swiss Challenge Method', based on an ...

How opportunistic behaviour can worsen India's $200 bn-plus bad loan crisis

A capital-constrained economy like India can't afford a jungle raj in finance

SBI SCO Recruitment 2019: SBI re-opens application process for 76 SCO posts

SBI has invited online applications from candidates for appointment as specialist cadre officers (SCO) in the state-run bank on a regular basis

SBI to cut MCLR by 10 basis points across all tenors from Oct 10

The one-year marginal cost of funds-based lending rate (MCLR) would come down to 8.05% from 8.15% from October 10

Banks to hold first phase of 'loan mela' across 250 districts on Thursday

SBI is the lead banker in 48 districts across the country. Likewise, BoB is the lead banker in 17 out of 250 districts in the first phase.

Top events today: SC hearing on J&K, Galaxy Fold's India launch, and more

A five-judge constitution bench of the Supreme Court will start hearing a bunch of petitions challenging the Centre's decision to nullify Article 370

Are fixed-floating rates a sound option for retail home loan borrowers?

Two leading industry experts debate the merits and demerits of the new fixed-floating rate product that the SBI chairman proposed recently

ICICI Bank stock a good bet, but look out for retail non-performing assets

With the Street getting a tad cautious on HDFC Bank and SBI, market interest is moving towards ICICI Bank

Linking loans to external benchmark may delay SBI's profit revival

Profitability may take further hit on policy rate cut of 25-40 bps

NCLT directs Jet Airways lenders to disburse lifeline funds within 15 days

Some lenders like Yes Bank, Punjab National Bank, IDBI Bank, Bank of India, Indian Overseas Bank and Axis Bank are yet to release their portion

Linking loans to external benchmark: Why it won't be easy for banks

Banks in India are not wholesale-funded entities as in developed markets, but deposit-taking. Only a percentage of their books is linked to borrowing at the repos window

Six of 10 most valued cos add Rs 50,580 cr in m-cap; SBI, ICICI Bank lead

The market cap of TCS dropped Rs 21,125.9 crore to Rs 8,03,516.90 crore

SBI Life Insurance shares slip 2% as SBI's two-day OFS begins

SBI plans to raise up to Rs 3,465 crore by offloading up to 4.5 per cent stake in SBI Life to comply with the minimum public shareholding norms.

SBI cuts MCLR by 10 basis points, slashes term deposit rates by 20-25 bps

Bank official hints at another round of rate cuts following low credit offtake

State Bank of India cuts MCLR By 10 bps effective September 10

State Bank of India reduced interest rates on time deposits across all maturities

18 PSBs hit by 2,480 cases of fraud of over Rs 31,000 cr in Q1: RTI

As many as 1,197 cases of cheating involving Rs 12,012.77 crore were detected in SBI in the first quarter, according to the RTI reply

SBI sought 147 look out circulars in bank fraud cases in last 5 month: RTI

Data shows that the bank started seeking LoC from the Bureau of Immigration from April this year