Page 62 - Sbi

SBI plans to sell up to 5% stake in NSE

According to sources, the bank expects about Rs 1,000 crore from the stake sale

Opposing merger with SBI, unions in associate banks to strike work

Despite opposition and protest by all the AIBEA's Workman Directors and a few other independent directors about the proposal and the procedure adopted, the resolution has been approved in this regard

SBI's associate Bank employees to go on strike on May 20

The move is against the decision to close down associate banks and merge them with SBI

EC allows SBI to take back currency vans to Coimbatore

SBI has produced documents showing authorised transfer of cash to Andhra Pradesh in police protection

Indian firms deleveraging fast, says SBI

Report says domestic companies, particularly those in the cement, fertiliser, trading and finance are now less dependent on resorting to debt

SBI launches card-less payment solution for offline transactions

The solution will enable customers to make digital payments at offline stores by scanning a QR code on their smartphones

SBI might shut unviable branches abroad

The country's largest lender would soon finalise business targets for the current financial year (2016-17) and conduct a strategic review for a medium-term plan

SBI chief flays extra focus on retail, ignoring infra lending

Speaking out against banks being "goaded" to focus only on the retail segment, SBI Chairperson Arundhati Bhattacharya today wondered who will do the job of infrastructure financing in the absence of development finance institutions (DFIs). "Every other bank is now being goaded on towards the same model (of focussing on retail segment)," Bhattacharya said at a banking conference organised by industry lobby IMC here. She said the advent of digital banking is changing banks' asset book composition and "every single bank is now going more after retail model". The chief of the country's largest bank said that erstwhile dedicated DFIs like IDFC, IDBI and ICICI have all turned into universal banks and with lenders staying away from lending to the infra segment, infrastructure developed might be hampered. "If we, as a developing country, are only going to advice banks to follow the retail model, who then is going to do project financing? Are we content as a nation to stay where we are ...

SBI asked to make provisions on food grain loans to Punjab

The discrepancy in food grain stockpiles in warehouses purchased through bank loans from several PSU banks.

Shipping sector push won't get banks out of choppy waters: SBI

'There are projects being thought of, which will ameliorate some of the interest, improving conditions,' Arundhati Bhattacharya said

SBI sets lending rates under new rules

SBI will charge an annual interest of 9.2% for loans of 1-year tenor, 9.3% for 2-year tenor, 9.35% for 3-year tenor

SBI seeks merger of 5 rural banks in N-E

Proposed entity to have deposit base of Rs 3,578 crore

SBI raises Rs 500 crore via issue of bonds

Last week, the public sector lender had raised Rs 3,000 crore on a private placement basis.

SBI profitability may stay under pressure for 6-8 quarters: Moody's

ICICI Bank can absorb higher level of credit cost due to better operating profitability

SBI and BoB not excited on move to consolidate state banks

Internal unification, recovering bad loans are priorities for these lenders

SBI among 4 new foreign banks allowed to operate in Myanmar

In April last year, Japan's Tokyo-Mitsubishi UFJ became the first foreign bank in decades to open a branch in Myanmar

SBI employees threaten to go on strike on Budget Day

A bank officers' body has threatened to go on strike to protest termination of P V Mohanan, general-secretary of Dhanlaxmi Bank