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State Bank of India

Latest articles

7m
The Hindu
Blockchain tech could help prevent frauds like at PNBdo not result in immediate notification,” Mrutyunjay Mahapatra, Deputy Managing
The Hindu / Posted 7 minutes ago
do not result in immediate notification,” Mrutyunjay Mahapatra, Deputy Managing Director and Chief Information Officer at State Bank of India, told The Hindu. “Using blockchain, all parties on the chain will be immediately notified about a... Read more
9h
Central Chronicle
Missing student located in LudhianaRajput that he had received a missed call from ‘9733307017’. When he returned t
Central Chronicle / Posted 9 hours ago
Rajput that he had received a missed call from ‘9733307017’. When he returned the call, the person identified himself as a State Bank of India official and sought his ATM number and OTP for linking ‘Aadhar’ card to his bank account. However, he... Read more
13h
The Hindu
Women as game-changersfounder director of Center for Gender Studies at the University of Kelaniya to
The Hindu / Posted 13 hours ago
founder director of Center for Gender Studies at the University of Kelaniya to Arundhati Bhattacharya, former chairman, State Bank of India; and Chetna Gala Sinha, Founder-Chairperson Mann Deshi Bank and Mann Deshi Foundation. “Women are... Read more
21h
The Indian Express
Rs 111,738 crore: That’s what 9,339 wilful defaulters owe, PSU banks hit mosthas listed Winsome Diamond (Rs 899 crore), Nafed (Rs 224 crore) and Apple Indus
The Indian Express / Posted 21 hours ago
has listed Winsome Diamond (Rs 899 crore), Nafed (Rs 224 crore) and Apple Industries (Rs 248 crore) as major defaulters. State Bank of India (SBI) leads the list with wilful defaults of Rs 27,716 crore by 1,665 borrowers. Major wilful defaulters... Read more
1d
The Hindu
India remains in the best position to help us: Mohamed Nasheeddeep pockets. Look, in the past, the Maldives became a middle-income country, p
The Hindu / Posted yesterday
deep pockets. Look, in the past, the Maldives became a middle-income country, primarily through development loans from the State Bank of India. And people in the Maldives don’t forget that. It’s not about how deep your pockets are but how you run... Read more
21 related articles
1d
The Hindu
‘PNB fraud due to failure of controls’in India, thus giving rise to fraudulent practices. Siddhartha Sengupta, deput
The Hindu / Posted yesterday
in India, thus giving rise to fraudulent practices. Siddhartha Sengupta, deputy managing director (international banking), State Bank of India (SBI), a panelist discussing ‘Positioning Canadian Strengths in the context of India’s policy agenda’,... Read more
1d
The Hindu
CEA rues breakdown of banking controls, rulesproblem has been festering for a long time and it is not just the PNB alone, th
The Hindu / Posted yesterday
problem has been festering for a long time and it is not just the PNB alone, there are issues with the Bank of Baroda and State Bank of India, too. We have to look at how to improve internal controls and consider whether it has anything to do with... Read more
2d
Business Standard India
PSBs' stocks continue to reel after PNB fraud case; drop as much as 10%cent. The fraud has had a ripple effect on other PSBs with Bank of Baroda share
Business Standard India / Posted 2 days ago
cent. The fraud has had a ripple effect on other PSBs with Bank of Baroda shares falling 14.6 per cent since February 12. State Bank of India (SBI), India's largest public sector lender, lost 7.2 per cent during the period. In the past one week,... Read more
10 related articles
2d
The Hindu
Bank stocks continue to weigh over broader indicesimpacted government banks with Bank of Baroda shares fell 5.48%, Bank of India
The Hindu / Posted 2 days ago
impacted government banks with Bank of Baroda shares fell 5.48%, Bank of India shares fell 4.07%, Allahabad Bank 6.03% and State Bank of India 1.5%. The Nifty PSU Bank index dropped 2.5% to a four-month low. There was concern that loan impairment... Read more
2d
Business Standard India
PNB fraud: Govt thinks RBI may be unable to ensure effective supervision?lenders which have said they had exposure to the fraudulent transactions, Union
Business Standard India / Posted 2 days ago
lenders which have said they had exposure to the fraudulent transactions, Union Bank of India fell 7.4 per cent, while State Bank of India closed down 1.2 per cent. Including direct loans given to companies of Modi and Choksi, Indian banks are... Read more
246 related articles
2d
Business Standard India
PNB fraud: Why India's banking system is flawed and how we can fix itto the US, leaving the country astounded by the audacity of the duo and the stu
Business Standard India / Posted 2 days ago
to the US, leaving the country astounded by the audacity of the duo and the stupidity of bankers. Just before this, the State Bank of India, the premier public sector bank, confessed to over-reporting its profits by 36 per cent and ... Key... Read more
3d
The Hindu
Slowly, but surely, AI use is rising across industriesthe same level of implementation). In India, the telecom, technology and banki
The Hindu / Posted 3 days ago
the same level of implementation). In India, the telecom, technology and banking industries are frontrunners in adoption. State Bank of India recently announced plans to leverage AI for its integrated platform, YONO (You Only Need One). This... Read more
3d
The Hindu
Banks to knock at RBI’s door on PNB impassestate-run lender was liable to pay the other lenders. Allahabad Bank, for exam
The Hindu / Posted 3 days ago
state-run lender was liable to pay the other lenders. Allahabad Bank, for example, had an exposure of $366.87 million and State Bank of India $212 million to PNB. If PNB did not pay them, these lenders would have to classify the loans (given to... Read more
4 related articles
3d
Gulf News
CBI scans balance sheets of 18 Gitanjali group subsidiariesof financial transactions to another bank worldwide.The PNB officials sent thes
Gulf News / Posted 3 days ago
of financial transactions to another bank worldwide.The PNB officials sent these messages to Indian banks — Canara Bank, State Bank of India, Bank of India, Axis Bank, Allahabad Bank — located in Antwerp, Hong Kong, Bahrain, Mauritius and... Read more
246 related articles
3d
asianage
Bombay high Court denies bail to Four who siphoned funds for farmerstaluka in Satara and branch manager of ICICI bank. The court, while rejecting
asianage / Posted 3 days ago
taluka in Satara and branch manager of ICICI bank. The court, while rejecting the application, held that bank statement of State Bank of India and Chaitanya Rural Non-Agriculturist Co-operative Credit Society had clarified that the accused were... Read more
3d
The Indian Express
Govt’s Chief Economic Advisor calls for better RBI regulationall these scandals which have affected the Indian banking system. Bank of Barod
The Indian Express / Posted 3 days ago
all these scandals which have affected the Indian banking system. Bank of Baroda closed down operations in South Africa, State Bank of India had to recapitalise a lot more than they have said, and there is the Punjab National Bank episode... Read more
4 related articles
4d
The Hindu
ED seizes ₹25-cr. assets in PNB fraud caseagainst Mr. Choksi’s three companies, the accused bank officials had issued the
The Hindu / Posted 4 days ago
against Mr. Choksi’s three companies, the accused bank officials had issued these guarantee letters to Singapore, Hong Kong, Frankfurt, Antwerp and Bahrain branches of the State Bank of India, Bank of India, Canara Bank, Allahabad Bank and Axis B... Read more
246 related articles
4d
Business Standard India
PNB fraud: Privatise more PSBs, toughen rules, says Arvind Subramanianto shut down its South African operations after a scandal was unearthed. The co
Business Standard India / Posted 4 days ago
to shut down its South African operations after a scandal was unearthed. The country's largest government-owned lender, the State Bank of India (SBI) had also reported loans frauds. Addressing the Madras Management Association (MMA) Annual... Read more
4d
Central Chronicle
SBI Launches Global NRI center in KochiAgencies, Kochi State Bank of India has launched its Global NRI (GNC) center a
Central Chronicle / Posted 4 days ago
Agencies, Kochi State Bank of India has launched its Global NRI (GNC) center at Kochi – the state that receives highest number of remittances in the country. Announcing the launching at a news conference on Friday, SBI Chairman Rajnish Kumar said... Read more
4d
Central Chronicle
Sensex ends flat at 34,010.76 pts2018 weighed on sentiment. The Sensex lost 286.71 points or 0.84% to settle at
Central Chronicle / Posted 4 days ago
2018 weighed on sentiment. The Sensex lost 286.71 points or 0.84% to settle at 34,010.76. Among stocks, banking giant State Bank of India (SBI) tumbled 8.32 pc at Rs 271.75. The bank reported net loss of Rs 2416.37 crore in Q3 December 2017 as... Read more
14 related articles
4d
asianage
Market ends flat for the week, PNB fraud shock play spoilsportthe 31-share Sensex pack, 15 stocks fell and remaining 16 stocks rose during th
asianage / Posted 4 days ago
the 31-share Sensex pack, 15 stocks fell and remaining 16 stocks rose during the week. Among stocks, banking giant State Bank of India (SBI) tumbled 8.32 per cent at Rs 271.75. The bank reported net loss of Rs 2416.37 crore in Q3 December... Read more
10 related articles
5d
Gulf News
India’s fraud problems extend far beyond PNBwith loan frauds totalling Rs40.5 billion from 231 cases over the same period,
Gulf News / Posted 5 days ago
with loan frauds totalling Rs40.5 billion from 231 cases over the same period, the data shows.India’s biggest lender, State Bank of India reported 1,069 loan fraud cases in the last five financial years but did not disclose the amount.It was... Read more
246 related articles
5d
Gulf News
Unpublished data show India’s fraud problems extend far beyond PNBwith loan frauds totalling Rs40.5 billion from 231 cases over the same period,
Gulf News / Posted 5 days ago
with loan frauds totalling Rs40.5 billion from 231 cases over the same period, the data shows.India’s biggest lender, State Bank of India reported 1,069 loan fraud cases in the last five financial years but did not disclose the amount.It was... Read more
246 related articles
5d
The Hindu
‘SBI’s exposure in PNB fraud is $212 million’State Bank of India (SBI) has an exposure of $212 million linked to the fraud p
The Hindu / Posted 5 days ago
State Bank of India (SBI) has an exposure of $212 million linked to the fraud perpetrated at Punjab National Bank (PNB), SBI Chairman Rajnish Kumar said, adding that the exposure was mainly to PNB and that he did not see any liabilities accruing to... Read more
5d
asianage
Unpublished data shows India's fraud problems extend far beyond PNBloan frauds totalling 40.5 billion rupees from 231 cases over the same period,
asianage / Posted 5 days ago
loan frauds totalling 40.5 billion rupees from 231 cases over the same period, the data shows. India’s biggest lender, State Bank of India reported 1,069 loan fraud cases in the last five financial years but did not disclose the amount. It was... Read more
246 related articles
5d
EuroNews
Unpublished data shows India's fraud problems extend far beyond PNBloan frauds totalling 40.5 billion rupees from 231 cases over the same period,
EuroNews / Posted 5 days ago
loan frauds totalling 40.5 billion rupees from 231 cases over the same period, the data shows. India’s biggest lender, State Bank of India reported 1,069 loan fraud cases in the last five financial years but did not disclose the amount. It was... Read more
246 related articles
5d
Aljazeera
India's Punjab National Bank reports $1.8 bn fraudinterest payments or repaying any principal - in India has surged to be among t
Aljazeera / Posted 5 days ago
interest payments or repaying any principal - in India has surged to be among the highest in the world. Last week, the State Bank of India, the nation's largest lender, said an audit by the central bank showed soured debt was about $3.6bn... Read more
246 related articles
5d
The Hindu
Bank stocks tank; Union Bank, Allahabad Bank touch 52-week lowdown 133.47 points in morning trade today. Besides, Kotak Bank, Federal Bank a
The Hindu / Posted 5 days ago
down 133.47 points in morning trade today. Besides, Kotak Bank, Federal Bank and IndusInd Bank and heavyweights like State Bank of India and ICICI Bank were also trading with losses. As the Enforcement Directorate conducted multiple searches... Read more
246 related articles
6d
Business Standard India
UK court gives Mallya permission to spend 18,000 pounds a weekCourt in England's High Court of Justice dates back to November 24, 2017, and l
Business Standard India / Posted 6 days ago
Court in England's High Court of Justice dates back to November 24, 2017, and lists 13 Indian banks as claimants the State Bank of India, Bank of Baroda, Corporation bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, Jammu &a Kashmir... Read more
6d
Business Standard India
For Indian banks, the worst of their bad-loan woes may be yet to comeactual level of bad loans is higher than the official figures suggest, pointing
Business Standard India / Posted 6 days ago
actual level of bad loans is higher than the official figures suggest, pointing to central bank audits of banks, including State Bank of India, that showed non-performing loans were higher than reported for the financial year ended March... Read more
6d
asianage
Public sector banks report Rs 19,000 crore lossduring the last quarter. The total losses reported by 16 public sector banks a
asianage / Posted 6 days ago
during the last quarter. The total losses reported by 16 public sector banks amount to Rs 18,947 crore. Of them, State Bank of India (SBI) suffered the biggest loss amounting to Rs 2,416 crore, as it had to set aside Rs 3,400 crore as a... Read more
7d
EuroNews
PNB detects $1.77 billion fraudulent transactions in latest India bank caserupees worth of PNB LoUs, the television channel said. It further said Axis Ban
EuroNews / Posted 7 days ago
rupees worth of PNB LoUs, the television channel said. It further said Axis Bank has sold the majority of its exposure to State Bank of India . None of the banks responded to requests for comment. In the previous complaint filed by PNB... Read more
7d
EuroNews
For India's banks, the worst of their bad-loan woes may be yet to comeactual level of bad loans is higher than the official figures suggest, pointing
EuroNews / Posted 7 days ago
actual level of bad loans is higher than the official figures suggest, pointing to central bank audits of banks, including State Bank of India , that showed non-performing loans were higher than reported for the financial year ended March... Read more
8d
dna
Bad loans bedlamSensex and the heightened valuations, the larger picture is far from rosy. When
dna / Posted 8 days ago
Sensex and the heightened valuations, the larger picture is far from rosy. When India’s largest public sector lender, the State Bank of India, declared its results, it had the effect of setting the cat among the pigeons. A day before the... Read more
9d
The Hindu
Unending pain: On SBI’s Q3 lossloans crisis may be much farther beyond the horizon than previously anticipated
The Hindu / Posted 9 days ago
loans crisis may be much farther beyond the horizon than previously anticipated. For the first time in almost 19 years, the State Bank of India reported a quarterly loss of ₹2,416 crore for the three months ended December, compared with a net profit... Read more
6 related articles
9d
DW
Electoral bonds - boon or bane for India? |value ranging between 1,000 rupees and 10,000,000 rupees (€12.60 to €126,000) f
DW / Posted 9 days ago
value ranging between 1,000 rupees and 10,000,000 rupees (€12.60 to €126,000) from specified branches of the government-run State Bank of India. The bonds will have a 15-day validity that will ensure that they don't become a safe haven or a parallel... Read more
9d
Central Chronicle
Srinagar encounter; CRPF constable martyred, militants holed up in buildingthe detenues, were killed. However, police later arrested two militants and as
Central Chronicle / Posted 9 days ago
the detenues, were killed. However, police later arrested two militants and as many Over Ground Workers (OGWs) who helped Naveed to escape. A day Rs 35 lakhs were looted from an Automatic Teller Machine (ATM) of State Bank of India (SBI) in the ar... Read more
14 related articles
9d
asianage
Potential stressed asset accounts on declinein the second quarter of 2017-18 loans, from a peak of 7.6 per cent of loans in
asianage / Posted 9 days ago
in the second quarter of 2017-18 loans, from a peak of 7.6 per cent of loans in the third quarter of 2015-16. Meanwhile, State Bank of India saw its net bad loans ratio spike to 5.61 per cent of advances, from 4.24 per cent during the third... Read more
9d
The Hindu
Shares of SBI slump over 3 % on weak third quarter earningsShares of State Bank of India on Monday slumped more than 3 % in morning trade
The Hindu / Posted 9 days ago
Shares of State Bank of India on Monday slumped more than 3 % in morning trade on the bourses after the company reported weak third quarter earnings. The SBI Group on February 9 reported a massive ₹1,886.57 crore net loss for the December quarter of... Read more
9d
Business Standard India
Worst-hit among PSBs, SBI wrote off Rs 203 bn in bad loans in FY17write off of Rs 816.83 billion for the financial year. The data pertains to the
Business Standard India / Posted 9 days ago
write off of Rs 816.83 billion for the financial year. The data pertains to the period when the associate banks of State Bank of India (SBI) were not merged with it. Public sector banks' (PSBs) write-off stood at Rs 272.31 billion in... Read more
6 related articles
9d
Business Standard India
Key things to look out for before the opening bell5.21% in December from 4.88% in previous month. SBI posts Rs 24.16 billion quar
Business Standard India / Posted 9 days ago
5.21% in December from 4.88% in previous month. SBI posts Rs 24.16 billion quarterly loss for first time in nearly 19 years State Bank of India (SBI), the country’s largest bank, posted a quarterly loss for the first time in nearly 19 years — of Rs... Read more
9d
Business Standard India
Earnings improve, but not yet in high gear; combined net profit up 10.6%years. Their combined net profit, however, was down 18.8 per cent YoY due to th
Business Standard India / Posted 9 days ago
years. Their combined net profit, however, was down 18.8 per cent YoY due to the net loss of Rs 24.16 billion reported by State Bank of India (SBI) during the quarter. Though not strictly comparable as SBI has merged its associate banks with... Read more
10d
The Hindu
‘SBI wrote off bad loans worth more than ₹20,000 crore last fiscal’had a collective write-off of ₹81,683 crore for the fiscal. The data pertains
The Hindu / Posted 10 days ago
had a collective write-off of ₹81,683 crore for the fiscal. The data pertains to the period when the associate banks of State Bank of India (SBI) were not merged with it. Public sector banks’ (PSBs) write-off stood at ₹27,231 crore in 2012-13,... Read more
6 related articles
10d
Business Standard India
Bad loan write-offs: With Rs 200 bn forgone in FY17, SBI was worst-hit PSBwrite off of Rs 816.83 billion for the financial year. The data pertains to the
Business Standard India / Posted 10 days ago
write off of Rs 816.83 billion for the financial year. The data pertains to the period when the associate banks of State Bank of India (SBI) were not merged with it. Public sector banks' (PSBs) write-off stood at Rs 272.31 billion in... Read more
6 related articles
12d
The Hindu
SBI posts first quarterly loss since 1999State Bank of India, the country’s largest lender, reported a ₹2,416.37 crore l
The Hindu / Posted 12 days ago
State Bank of India, the country’s largest lender, reported a ₹2,416.37 crore loss in the Oct-Dec quarter due to a rise in bad loans and depreciation on bond investments. While the lender reported a ₹2,610 crore profit in the same period of the... Read more
6 related articles
12d
The Hindu
SBI reports Q3 net lossin 2016. Similarly, its net non-performing assets almost doubled to Rs. 102,37
The Hindu / Posted 12 days ago
in 2016. Similarly, its net non-performing assets almost doubled to Rs. 102,370.12 crore, up from Rs. 61,430.45 crore, State Bank of India said in an exchange filing. The bank saw its non-interest income decline by 29.75 per cent, from Rs.... Read more
6 related articles
12d
Business Standard India
SBI swings into the red in Q3 at Rs 24.16 bn; NPAs rise 84% to Rs 2 trnin 2016. Similarly, its net non-performing assets almost doubled to Rs 1.023701
Business Standard India / Posted 12 days ago
in 2016. Similarly, its net non-performing assets almost doubled to Rs 1.0237012 trillion, up from Rs 614.3045 billion, State Bank of India said in an exchange filing. The bank saw its non-interest income decline by 29.75 per cent, from Rs... Read more
6 related articles
12d
The Hindu
WhatsApp testing its payments feature in Indiafeature would take advantage of UPI (Unified Payments Interface) and include su
The Hindu / Posted 12 days ago
feature would take advantage of UPI (Unified Payments Interface) and include support by a number of banks, including the State Bank of India, ICICI Bank, HDFC Bank, and Axis Bank, the report has said. Beta testers have now found their WhatsApp... Read more
12d
asianage
Markets see another big fall amid global sell-off, Sensex down at 33,849in opening trade. Midcap and Smallcap dropped 1.47 per cent and 1.59 per cent,
asianage / Posted 12 days ago
in opening trade. Midcap and Smallcap dropped 1.47 per cent and 1.59 per cent, respectively. Country's largest lender State Bank of India is likely to turn profitable with Q3 net at Rs 2,507.6 crore against net loss of Rs 560 crore in... Read more
11 related articles
13d
asianage
Sensex zooms 482 points, Nifty tops 10,600; rupee recovers 13 paiseTCS, HDFC LTD, Hindunilver, L&T, Maruti Suzuki, M&M and RIL, gaining up to 3.57
asianage / Posted 13 days ago
TCS, HDFC LTD, Hindunilver, L&T, Maruti Suzuki, M&M and RIL, gaining up to 3.57 per cent. Axis Bank, PNB, Federal Bank, State Bank of India, Bank of Baroda, Yes Bank, Kotak Bank, HDFC Bank, IndusInd Bank and ICICI Bank advanced by up to 2.70 per... Read more
10 related articles
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