Page 49 - Sbi

SBI General's profit before tax rises 11% to Rs 470 crore in Q4

A senior SBI executive also confirmed that groundwork is being done for taking company public in Q3 and Q4 of FY20

SBI buys loans worth Rs 27,000 cr from non-banking financial cos in FY19

Flush with funds, SBI in October 2018 had tripled its target to buy good quality retail asset portfolio from finance companies to Rs 450 billion from earlier target of Rs 150 billion

State Bank of India to reduce rate on savings deposits by 25 bps to 3.25%

The reduction in the marginal cost of funds based lending rate (MCLR) is likely to be 8-10 basis points, depending on the tenor of loans, a senior SBI executive said

SBI moves Supreme Court on NCLAT's nod for more cash to StanChart

The RP agreed to Standard Chartered's claim to be converted into a secured one based on security of pledge of shares

SBI makes a smart move

SBI has linked its rate on saving bank deposits and its rates for cash credit and overdraft to the repo rate

How SBI customers can withdraw money from an ATM without a debit card

SBI customers can start the cash withdrawal request on the YONO app and set a six-digit YONO Cash pin for the transaction

Letter to BS: SBI's repo-linked rates move has opened a new window

The transmission of the policy rates into the economy will be complete if only all the financial intermediaries pass it

Customer response is the key as SBI links deposits, loans to repo rate

The bank will service its savings bank account holders with over Rs 1 lakh of outstanding balance an interest 2.75 per cent lower than the ruling repo rate

SBI has found fraud worth Rs 7,951.3cr in April-December: RTI reply

In an RTI reply, the nation's largest lender said, the first quarter reported 669 cases of fraudulent activities

Farm loan waiver, exposure to IL&FS may impact SBI's growth target

The bank's management, on its part, is confident about softening of bad loan or NPA with the recovery of Rs 34,000 crore from eight accounts

SBI charts 'new path', promotes employee health, family, work-life balance

The programme, christened Nayi Disha, focuses on work-life balance and also involves the staffs' immediate family members

State Bank of India to raise $1 billion through bond sale

The bank will raise about $ 700 million through five- year bonds and $300 million through three-year bonds

Govt opens managing director post at SBI to other PSB executives

In the last few months, some of DMDs from SBI have been appointed as chief executives and MDs for the public sector banks

Now, executive directors of nationalised banks eligible to become SBI MD

Traditionally, nationalised banks' EDs were elevated as MD, while DMDs were made MDs of SBI

Government opens managing director post at SBI to other PSB executives

Many of today's executive directors at the PSBs were first employed in the 1980s through a competitive process, at a time when job opportunities were limited

SBI plans to raise up to $1.25 bn by issuing bonds in foreign currency

The public sector lender said, the fund is planned to be raised during January to March, next year

SBI to sell 3 NPA accounts to recover Rs 21-bn dues; e-auction on Dec 13

On Nov 22, SBI had held an e-auction of 11 NPA accounts that had outstanding dues of Rs 10.19 bn towards the bank

SBI seeks clarification from RBI as 'YONO' suspended after Aadhaar verdict

SBI has set an ambitious customer base to 250 million through YONO platform in the next two years

Indian regulations on PCA, capital are conservative, rule-based, says SBI

The report said being traditionally more conservative helps in withstanding crisis and early recognition of the problem leads to timely corrective measure

SBI to put 11 NPAs under the hammer on Nov 22, eyes recovery of Rs 10 bn

SBI has put up 11 non-performing assets (NPAs) for sale to ARCs and financial companies to recover dues of nearly Rs 1,019 crore. The country's largest lender said the e-auction of these NPA accounts will take place on November 22. "In terms of the bank's policy on sale of financial assets in line with the regulatory guidelines, we place these accounts for sale to ARCs/ Banks/ NBFCs/ FIs," SBI said in an auction notice on its website. Of these 11 accounts, Janki Corp Ltd has the highest outstanding dues of Rs 592.53 crore. Among others, Venus Remedies Ltd has to repay Rs 83.01 crore, SBS Transpole Logistics Pvt Ltd Rs 63.36 crore, R S Luth Education Trust Rs 60.62 crore, Nilachal Iron & Power Ltd Rs 52.41 crore and Sri Balmukund Polyplast Rs 50.12 crore. The rest of the five companies owe the bank the remaining Rs 117 crore. The interested asset reconstruction companies (ARCs)/ banks/ non-banking financial companies (NBFCs)/ financial institutions (FIs) can conduct due diligence