Page 60 - Sbi

SBI, associates merger by March 2017: Chairman

Says RBI expected to keep rate unchanged next month

Capital infusion of Rs 7,575 cr to boost loan growth: SBI

Bhattacharya said the capital infusion would further strengthen capital adequacy ratio by 0.5%

SBI associates' staff will not be affected by merger: FM

Govt has sanctioned the proposal of SBI to enter into negotiations with its subsidiary banks

SBI, Brookfield in JV to invest in stressed assets

SBI has said it has signed a pact with Brookfield to collaborate on investments as part of an ongoing stress asset resolution process

SBI launches Rs 7,000 crore stressed assets fund with Brookfield

While the state-run bank will contribute up to 5% of its total investments

SBI reworks strategy for HNI customers

The pilot that was rolled out in Bengaluru early this year, SBI Exclusif, witnessed encouraging results with 50% more response than projected

Strike in SBI associate banks on Tuesday

CH Venkatachalam said the government was trying to divert the people's attention from the mounting bad loans in the banking sector

SBI secures $625 mn from World Bank for solar programme

Eligible beneficiaries under the facility would be developers, aggregators and end-users, who wish to set up solar PV projects

SBI secures $625 mn from World Bank for solar programme

Through this initiative, at least 400 MW solar capacity will be created across the country

SBI to merge associate banks' branches

The State Bank of India (SBI) on Friday said it will merge corporate finance branches of associate banks with parent branch and prepare detailed plan to rationalise retail banking network.R Sriram, managing director (corporate banking), said the corporate finance branches of associates banks will be merged into parent branch as 60 to 70 per cent accounts are common and can have one relationship manager.As for retail branch network of SBI group spread over the country, he said it would prepare detailed plan taking in account strengths of each bank. At present SBI group has about 22,000 branches, out of which SBI has 16,800 units, Sriram told reporters after SBI incked pact with Flipkart.The five associate banks of SBI have Indian market share around 5.30 per cent in deposits and 5.33 per cent in advances at end of March 2016. Their net profit was Rs 1, 368.7 crore at end of March 2016.These five associate banks are - State Bank of Patiala, State Bank of Mysore, State Bank of Hyderabad

SBI sells 5% of NSE stake to Veracity for Rs 911 crore

State Bank of India sold 22,50,000 equity shares of NSE, priced at Rs 4,050 a unit

Legacy shadow on SBI asset quality

The public lender's gross NPA went up to 6.50% in 2015-16 from 4.25% the previous year

Bank may see some pain on asset quality: SBI chief

Volume of NPAs went up after RBI conducted asset quality review in 2015-16

SBI to soon give detailed merger plan

It is expected that they should submit the detailed plan in the next few weeks as a dedicated team from SBI is working on this

SBI to sell non-core assets to raise Rs 3k cr

Faced with rising bad assets, banking major SBI will divest non-core investments of around Rs 3,000 crore to shore up its capital. Despite the challenges that SBI faced last fiscal, the bank, however, is well capitalised to "absorb future shocks" and maintain future growth trajectory, according to the state-run lender's Annual Report for 2015-16. Asset quality pressures accelerated during 2015-16 due to continued stress in the economy, declining commodity prices and two successive drought years, SBI Chairperson Arundhati Bhattacharya said in the Annual Report. "With the passage of the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Act, 2015 a missing link of institutional intervention has been addressed, which will speed up the recovery process", she said. Also with the passage of the Bankruptcy Law, resolution of stressed assets is expected to become more systematic and timely, she said. SBI had reported over 66 per cent fall .

Stick with SBI's associates for now

Stay put till merger ratio with parent is announced, say analysts

SBI plans to raise $1.5 bn from foreign bonds

The executive committee of the bank's board is meeting on June 29 to take a decision in this regard

Only SBI consolidation in FY17, says FinMin

'Unions must come on board for other mergers'

SBI's ATM revenue jumps 47% to Rs 310 crore in FY16

Extra withdrawals from ATMs resulted in Rs 210.47 crore revenue for the bank in 2014-15

SBI in 'Hall of Shame'

The bank has been named in the 'Hall of Shame' list of 158 banking and financial institutions globally