Prem Shankar Prajapati's wife Manjula claimed her husband had once complained about work pressure
The stock was up 0.40% at Rs 268 on the NSE against 0.47% decline in Nifty50 and 0.61% fall in Nifty Bank at 09:51 am.
After agreeing to a deal to sell 3.9% stake in SBI Life Insurance, its JV with BNP Cardiff
Shares of some of the private sector banks have weakened after the recent demonetisation move
The funds raised will help the bank meet global risk norms, Basel III, which will kick in from March 2019
The amount has been deposited during the last 15 days after demonetisation of high denomination notes
The reduction in deposit rate by the country's largest lender may be precursor to a lending rate cut
SBI has informed that it has blocked about 6 lakh cards, MoS for Finance Santosh Kumar Gangwar said
RBI has cut repo by 1.75 per cent since January 2015
Largest private lender ICICI Bank and HDFC Bank cut their deposit rates by up to 0.25 per cent while Kolkata-based United Bank of India did it for short-term deposits by 1 per cent.
AXIS Bank reduces MCLR lending rate by up to 20 basis points
Renewal Premium grew by 26% to touch Rs 3,715 crore, against Rs 2,496 crore last year
The clean-up drive saw the bank forgoing almost Rs 1,201 crore in dues owed by Vijay Mallya's defunct Kingfisher Airlines
Assuring that the panic among masses is on the decline following the more constant flow of cash at banks and ATMs, State Bank of India (SBI) chairperson Arundhati Bhattacharya stated that the bank will also start dispensing 50 and 20 Rupee notes in coming days to help the public.Speaking to ANI here, the SBI Chief stated that in all of their branches in the southern states, the workload has dropped to almost 50 per cent, which is a sure sign that people are assured that they will receive the money at their own convenience.However, talking about the inconvenience caused to the masses with ATMs running out of cash soon, Bhattacharya added that ATMs are emptying out fast because it has a fixed space for notes of 100 and also the dimension of the new notes has changed, adding that the holding capacity in the ATM is confined."But what takes most time is manual recalibration. A person has to come and physically add the money when it runs out. We hope and are trying that we can sort of this .
Bank raises forecast for deposit growth; provisions for bad loans almost doubled from a year earlier to Rs 767 cr
Provisioning for bad loans doubled to Rs 7,670 crore showing little signs of improvement in the bank's asset quality
The bank has been able to press into service only about half of its ATM network nationwide
Nearly 14 lakh crore are held in Rs 500 and Rs 1000 notes
SBI Group which includes all its five subsidiaries has 55,000 ATMs and 7,000 cash deposit machines (CDMs). SBI alone has close to 17,000 branches and serves tens of millions of customers
The bonds will be issued in domestic and overseas markets to finance infrastructure and affordable housing