State Bank of India

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1d
The Hindu
FRDI: ‘Depositors will be protected’what is the need for the bail-in clause, they should just scrap it,” Sanjay Bha
The Hindu / Posted yesterday
what is the need for the bail-in clause, they should just scrap it,” Sanjay Bhattacharya, former managing director at the State Bank of India said. “If the clause is included in the Bill, then one of the impacts will be on the price of gold,... Read more
1d
Business Standard India
Day 4 of Mallya extradition trial: Defence to depose two more witnessescourt in England's High Court of Justice brought by a consortium of Indian bank
Business Standard India / Posted yesterday
court in England's High Court of Justice brought by a consortium of Indian banks to freeze his global assets. The State Bank of India, Bank of Baroda, Corporation Bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, Jammu & Kashmir... Read more
2 related articles
1d
The Hindu
SBI changes names, IFSC codes of around 1,300 branchesPost the merger of its five associates, State Bank of India has changed names a
The Hindu / Posted yesterday
Post the merger of its five associates, State Bank of India has changed names and IFSC codes of nearly 1,300 of its branches. The country’s largest lender has changed the names and IFSC codes of branches located in major cities such as Mumbai, New... Read more
3d
Central Chronicle
SBI contributes to Armed Forces Flag Day FundChronicle Reporter, Bhopal State Bank of India (SBI) Chief General Manager han
Central Chronicle / Posted 3 days ago
Chronicle Reporter, Bhopal State Bank of India (SBI) Chief General Manager handed over a cheque of Rs 50,000 to District Sainik Welfare Officer Col. K Singh (Shaurya Chakra) as a contribution to Armed Forces Flag Day Fund. In addition to it, an... Read more
3d
The Hindu
All you need to know about India's NPA crisis and the FRDI Billthe methodology adopted by banks for classifying their assets vary. According t
The Hindu / Posted 3 days ago
the methodology adopted by banks for classifying their assets vary. According to the rating agency CARE, as of June 2017, State Bank of India leads the list of scheduled banks with the highest NPAs with Rs.1,88,068 crores of stressed assets.... Read more
3 related articles
4d
Business Standard India
Lenders get bids for Reliance Communications assetsbe processed. RCom is already under a Strategic Debt Restructuring plan, signed
Business Standard India / Posted 4 days ago
be processed. RCom is already under a Strategic Debt Restructuring plan, signed in June. The lenders' consortium, led by State Bank of India, have to decide on converting part of the debt into equity by the end of this month. A PSB official said... Read more
4d
Business Standard India
Maruti rides past SBI, HDFC in m-capThe ‘banker to every Indian’, State Bank of India, is now behind the carmaker f
Business Standard India / Posted 4 days ago
The ‘banker to every Indian’, State Bank of India, is now behind the carmaker for every second Indian, Maruti Suzuki, in market capitalisation. At a market cap of Rs 2,73,106 crore, the Suzuki-promoted carmaker is now the sixth most valued company... Read more
5d
Business Standard India
Credit offtake outstrips deposit growthproposals are coming from the renewable sector,” said Venkat Nageswar, deputy m
Business Standard India / Posted 5 days ago
proposals are coming from the renewable sector,” said Venkat Nageswar, deputy managing director of global markets at State Bank of India, the country’s largest lender. The space left by banks has been filled by other sources, such as bonds,... Read more
5d
Business Standard India
Sebi to ask listed firms to record minute financial detailsfacilitate due diligence before any transaction under the insolvency process.
Business Standard India / Posted 5 days ago
facilitate due diligence before any transaction under the insolvency process. There is one information utility, NeSL, now. State Bank of India, Canara Bank, and Bank of Baroda have a 10 per cent stake each, while ICICI Bank and Axis Bank hold 9.9... Read more
5d
The Hindu
CBI to probe mid-day meals funds swindleInvestigation (CBI) has registered a case to probe the alleged illegal transfer
The Hindu / Posted 5 days ago
Investigation (CBI) has registered a case to probe the alleged illegal transfer of ₹100 crore from a Jharkhand government’s State Bank of India account to a construction company. The money was meant for the mid-day meal programme. On Wednesday,... Read more
5d
The Hindu
Mallya did not mislead banks, says witnessto secure his extradition continued on Thursday, as Paul Rex, a banking sector
The Hindu / Posted 5 days ago
to secure his extradition continued on Thursday, as Paul Rex, a banking sector expert, who had previously testified for the State Bank of India in proceedings against the BCCI in the late 1990s, took the stand, building on the key theme of the... Read more
5d
Business Standard India
Flipkart Big Shopping Days Sale: iPhone X deal, Pixel 2 under Rs 30k & moresale currently live would continue until December 9. The online shopping porta
Business Standard India / Posted 5 days ago
sale currently live would continue until December 9. The online shopping portal is also offering a 10 per cent discount to State Bank of India (SBI) customers on payments made through their debit and credit cards. Here are some of the best deals... Read more
6d
Business Standard India
Liquidity is and will remain comfortableoperations, and sucks out liquidity through reverse-repo. Both legs have overni
Business Standard India / Posted 6 days ago
operations, and sucks out liquidity through reverse-repo. Both legs have overnight and longer maturity period versions. State Bank of India (SBI) recently raised its bulk deposit rates by 100 basis points, as liquidity reduced in the lender.... Read more
6d
Business Standard India
RBI monetary policy LIVE: Urjit Patel keeps repo rate unchanged at 6%of more than Rs. 5 lakh crore in March, according to the Bloomberg Economics In
Business Standard India / Posted 6 days ago
of more than Rs. 5 lakh crore in March, according to the Bloomberg Economics India Banking Liquidity Index. That has led State Bank of India and the Punjab National Bank - large state-run lenders - to raise rates on bulk deposits. 2:20 PM With... Read more
14 related articles
6d
Business Standard India
Rate sensitive stocks trade weak post RBI policyto 0.78% decline in the Nifty 50 index. Nifty Auto and Nifty Realty index were
Business Standard India / Posted 6 days ago
to 0.78% decline in the Nifty 50 index. Nifty Auto and Nifty Realty index were down 0.78% and 0.41%, respectively. State Bank of India (SBI), Union Bank of India, Bank of Baroda, Punjab National Bank and ICICI Bank were down in the range 1%... Read more
6d
Business Standard India
More Chinese lenders likely to pursue RCom in insolvency courtfor comment. ICBC declined to comment, while the other two Chinese banks and t
Business Standard India / Posted 6 days ago
for comment. ICBC declined to comment, while the other two Chinese banks and the mobile carrier's top Indian lender, State Bank of India, did not immediately respond to requests for comment. DEBT RESTRUCTURING There has not been any... Read more
6d
Business Standard India
More Chinese lenders to support CDB's insolvency plea against RComfor comment. ICBC declined to comment, while the other two Chinese banks and t
Business Standard India / Posted 6 days ago
for comment. ICBC declined to comment, while the other two Chinese banks and the mobile carrier's top Indian lender, State Bank of India, did not immediately respond to requests for comment. DEBT RESTRUCTURING There has not been any... Read more
6d
Hindustantimes.com
Food cards at Parliament canteens soon as digital drive fails to take offof credit and debit cards in Parliament’s four canteens following last year’s d
Hindustantimes.com / Posted 6 days ago
of credit and debit cards in Parliament’s four canteens following last year’s demonetisation. “We have tied up with the State Bank of India (SBI) to introduce the new system. There will be card readers in the canteens and it will make payments... Read more
7d
Business Standard India
Vijay Mallya's lawyer tears into govt's extradition pleastood at Rs 1,652 crore before KFA sought a loan of Rs 2,000 from a consortium
Business Standard India / Posted 7 days ago
stood at Rs 1,652 crore before KFA sought a loan of Rs 2,000 from a consortium of Indian public sector banks, including State Bank of India and UCO Bank. By taking the facility and not being able to repay, their liabilities increased by... Read more
42 related articles
8d
The Hindu
SBI Life eyes 40% growth in FY18internal target at the same [level]; it is achievable,” MD and CEO Arijit Basu
The Hindu / Posted 8 days ago
internal target at the same [level]; it is achievable,” MD and CEO Arijit Basu said, citing the untapped potential of the State Bank of India (bancassurance) channel. “Compared to other major [private sector] competitors, we were able to utilise... Read more
8d
Scoop.co.nz
The 2017 Gold Standard Awards“Working Under Fire, Strikes, Riots And Flash Floods, 2,000 Meters Up In A Remo
Scoop.co.nz / Posted 8 days ago
“Working Under Fire, Strikes, Riots And Flash Floods, 2,000 Meters Up In A Remote Jungle – WINNER > click for details• State Bank of India: Assuaging the public on demonetisation woes (with Adfactors)• Thai Union Group PCL: Addressing... Read more
8d
The Hindu
SBI to redesign envelopes for dispatching tax cheques to protect PANState Bank of India will “redesign” its envelopes used to dispatch tax refund c
The Hindu / Posted 8 days ago
State Bank of India will “redesign” its envelopes used to dispatch tax refund cheques of customers to cover their permanent account number (PAN) and contact numbers, after an activist raised that the crucial personal information was visible to anyone... Read more
2 related articles
8d
Business Standard India
SBI to hide PAN info on tax refund envelopes after activist raises concernsState Bank of India will "redesign" its envelopes used to dispatch tax refund c
Business Standard India / Posted 8 days ago
State Bank of India will "redesign" its envelopes used to dispatch tax refund cheques of customers to cover their PAN and contact numbers, after an activist raised that the crucial personal information was visible to anyone which may result in... Read more
2 related articles
9d
Business Standard India
SBI to redesign envelopes for dispatching tax cheques to cover PAN infoState Bank of India will "redesign" its envelopes used to dispatch tax refund c
Business Standard India / Posted 9 days ago
State Bank of India will "redesign" its envelopes used to dispatch tax refund cheques of customers to cover their PAN and contact numbers, after an activist raised that the crucial personal information was visible to anyone which may result in... Read more
2 related articles
9d
The Hindu
Fading fingerprints disconnect Aadhaar link for the elderlypattern their head offices had decided. Pensioners Herbert Clay, 69, and his w
The Hindu / Posted 9 days ago
pattern their head offices had decided. Pensioners Herbert Clay, 69, and his wife Annie Clay, 63, had a tough time at the State Bank of India, Saligramam branch, where they had gone to submit their life certificate for pension. They were told that... Read more
9d
Business Standard India
Street signs: LIC pares holdings in PSBsinvestor Life Insurance Corporation (LIC) slashed its holdings in several publi
Business Standard India / Posted 9 days ago
investor Life Insurance Corporation (LIC) slashed its holdings in several public sector banks (PSBs) including State Bank of India (SBI) and Bank of Baroda (BoB) during the September quarter. In SBI, the stake has reduced by 231 basis... Read more
9d
Business Standard India
Street continues to be wary of PSBsthe government announced a Rs 2.11-lakh crore recapitalisation plan in October.
Business Standard India / Posted 9 days ago
the government announced a Rs 2.11-lakh crore recapitalisation plan in October. According to data, of the 20 PSBs, only State Bank of India (SBI), Bank of Baroda (BoB), Punjab National Bank (PNB) and Indian Bank are currently trading slightly... Read more
9d
Business Standard India
Nine of top 10 firms take Rs 81,804-cr hit in m-cap; Maruti only gainerReliance Industries Ltd (RIL) taking the biggest hit. Barring Maruti Suzuki In
Business Standard India / Posted 9 days ago
Reliance Industries Ltd (RIL) taking the biggest hit. Barring Maruti Suzuki India, rest of the nine companies, including State Bank of India (SBI), Infosys, Tata Consultancy Services (TCS), and HDFC, suffered losses in their market capitalisation... Read more
10d
Business Standard India
Panel approves Bajaj Hindusthan Sugar's debt recastAn Indian overseeing committee has approved a proposal submitted by a group of
Business Standard India / Posted 10 days ago
An Indian overseeing committee has approved a proposal submitted by a group of lenders, led by State Bank of India, to restructure an Rs 8,285 crore ($1.3 billion) debt of Bajaj Hindusthan Sugar Ltd. According to the plan, the company's debt of Rs... Read more
10d
dna
Female MBBS student dies of anaesthesia overdose at BRD Medical college, police claim suicideby the girl who was depressed due to some reason. A resident of Darbhanga in B
dna / Posted 10 days ago
by the girl who was depressed due to some reason. A resident of Darbhanga in Bihar, Bharati’s father Vijaykant Jha is a State Bank of India retired manager rank officer. Bharati had joined the BRD medical College three years ago. Her father and... Read more
12d
Business Standard India
RBI likely to maintain status quo in Decemberexcess liquidity they witnessed in March, on account of demonetisation. As a te
Business Standard India / Posted 12 days ago
excess liquidity they witnessed in March, on account of demonetisation. As a testimony to the shrinking liquidity scenario, State Bank of India (SBI), which received the lion’s share of deposits after demonetisation, increased interest rates on its... Read more
12d
Business Standard India
PNB follows SBI in raising bulk deposit ratesrate on bulk deposits over Rs 1 crore by 50 basis points, to five per cent, a d
Business Standard India / Posted 12 days ago
rate on bulk deposits over Rs 1 crore by 50 basis points, to five per cent, a day after the country’s largest lender, State Bank of India, decided to raise its rate on these deposits across tenors by 100 bps. Bulk deposits are those of at... Read more
3 related articles
12d
The Hindu
PNB raises bulk deposit rate by 0.5 %on deposits of 1 year and above, PNB said in a statement. The new rates will b
The Hindu / Posted 12 days ago
on deposits of 1 year and above, PNB said in a statement. The new rates will be effective December 1, it said. Yesterday, State Bank of India (SBI) announced raising interest rate on bulk deposits by 1 percentage point across select... Read more
3 related articles
12d
The Hindu
Cryptocurrencies here to stayMinistries of Home Affairs and Electronics and Information Technology, the Rese
The Hindu / Posted 12 days ago
Ministries of Home Affairs and Electronics and Information Technology, the Reserve Bank of India, NITI Aayog, and the State Bank of India, submitted its report in August. The contents have not yet been made public. What do the experts... Read more
12d
Business Standard India
Indian banks 2nd only to Chinese counterparts in exposure to risks: Moody'sthe bad debt asset crisis of banks. Further, Moody's also raised long-term rati
Business Standard India / Posted 12 days ago
the bad debt asset crisis of banks. Further, Moody's also raised long-term ratings of four Indian financial institutions – State Bank of India (SBI), HDFC Bank, EXIM India and Indian Railway Finance Corporation (IRFC) – to 'Baa2' from 'Baa3'. Over... Read more
13d
Business Standard India
Avail discounts on purchases at banks' portalsBanks are gradually foraying into e-commerce. State Bank of India (SBI) recentl
Business Standard India / Posted 13 days ago
Banks are gradually foraying into e-commerce. State Bank of India (SBI) recently launched its comprehensive digital service platform called YONO, acronym for ‘You Only Need One’. The platform allows customers to shop across 14 categories. It also... Read more
13d
Business Standard India
SBI hikes rates on bulk deposits by 100 bpsState Bank of India has raised its rate on all bulk term deposits by one per ce
Business Standard India / Posted 13 days ago
State Bank of India has raised its rate on all bulk term deposits by one per cent (100 basis points) from Friday. The revision comes after about a year and also signals the end of a rate easing cycle, said bankers, which had begun in the second... Read more
3 related articles
13d
Business Standard India
SBI raises rates on bulk deposits by 100 basis pointsState Bank of India has raised its rate on all bulk term deposits by one per ce
Business Standard India / Posted 13 days ago
State Bank of India has raised its rate on all bulk term deposits by one per cent (100 basis points) from Friday. The revision comes after about a year and also signals the end of a rate easing cycle, said bankers, which had begun in the second... Read more
3 related articles
14d
asianage
Jaitley dismisses rumours of banks writing off debts of capitalistshave been boosted. The minister said that the process of creation of strong an
asianage / Posted 14 days ago
have been boosted. The minister said that the process of creation of strong and large banks began with the integration of State Bank of India, and the recapitalisation announced will bolster this process. "While honest businesspersons will be... Read more
2 related articles
14d
The Hindu
No loan waiver for capitalists, says Jaitleyhave been boosted. The Minister said that the process of creation of strong an
The Hindu / Posted 14 days ago
have been boosted. The Minister said that the process of creation of strong and large banks began with the integration of State Bank of India, and the recapitalisation announced will bolster this process. “While honest businesspersons will be... Read more
2 related articles
14d
Business Standard India
Govt has not waived any loans of big NPA defaulters: Arun Jaitleyhave been boosted. The minister said that the process of creation of strong an
Business Standard India / Posted 14 days ago
have been boosted. The minister said that the process of creation of strong and large banks began with the integration of State Bank of India, and the recapitalisation announced will bolster this process. "While honest businesspersons will be... Read more
2 related articles
15d
Business Standard India
China Development Bank files insolvency suit against RComthe support of all the lenders.” But before that — on June 2 — RCom had won a
Business Standard India / Posted 15 days ago
the support of all the lenders.” But before that — on June 2 — RCom had won a reprieve from the Indian lenders, led by the State Bank of India, under a SDR plan. Under that, the firm’s principal and interest dues were frozen till December 2018. The... Read more
4 related articles
15d
Business Standard India
Seven of top-10 firms add Rs 54k cr in m-cap3,17,249.81 crore and that of HDFC gained Rs 1,600.92 crore to Rs 2,73,062.24 c
Business Standard India / Posted 15 days ago
3,17,249.81 crore and that of HDFC gained Rs 1,600.92 crore to Rs 2,73,062.24 crore. On the other hand, the valuation of State Bank of India (SBI) dropped Rs 4,445.5 crore to Rs 2,86,799.99 crore. TCS lost Rs 4,087 crore to Rs 5,14,704.08 crore... Read more
3 related articles
16d
Boston Globe
Ivanka Trump heads to India amid questions about laborers who make her clothes thereGattu Giri, the joint secretary of the Amma Nanna Anada Ashramam, which has pic
Boston Globe / Posted 16 days ago
Gattu Giri, the joint secretary of the Amma Nanna Anada Ashramam, which has picked up the homeless in a $20,000 bus paid for by the State Bank of India. Harwell reported from Washington. Gowen reported from New Delhi. Gupta reported from Banga... Read more
17d
asianage
India passing through fast formalisation of economypassing through a stage that will in future be recognised as a phase of fast fo
asianage / Posted 17 days ago
passing through a stage that will in future be recognised as a phase of fast formalisation of the economy. Speaking at a State Bank of India (SBI) event here, he said India is seeing "the replacement of a cash dominated economy with a more formal... Read more
18d
Business Standard India
Insolvency Code ordinance: Promoters' loss is PEs' gainCanada Pension Plan Investment Board (CPPIB), and International Finance Corpora
Business Standard India / Posted 18 days ago
Canada Pension Plan Investment Board (CPPIB), and International Finance Corporation (IFC) tied up with domestic players State Bank of India, Piramal group, and Kotak Mahindra Bank, respectively, rolling out their distressed assets funds last... Read more
18 related articles
18d
Business Standard India
Red tape, glitches: 991 farmers kill themselves as Maha bungles loan waiver4 and younger brother, Harichandra, 25. Khanderao had defaulted on a crop loan
Business Standard India / Posted 18 days ago
4 and younger brother, Harichandra, 25. Khanderao had defaulted on a crop loan of Rs 45,000 that he had taken from the State Bank of India in 2011. A loan of Rs 55,000 from the Nanded District Central Cooperative Bank in his father Sambhaji... Read more
19d
Business Standard India
SBI pushes for digital to improve cost efficiencyPublic lender State Bank of India (SBI) is taking the digital route for both cu
Business Standard India / Posted 19 days ago
Public lender State Bank of India (SBI) is taking the digital route for both customer interface and back-end processes to improve its cost efficiency. Chairman Rajnish Kumar said the lender’s digital initiatives have twin objectives —offering a new... Read more
19d
Business Standard India
Task force on income tax law will read it chapter by chapter: Hasmukh AdhiaTask Force. Apart from Arbind Modi, it will have Girish Ahuja, practicing Char
Business Standard India / Posted 19 days ago
Task Force. Apart from Arbind Modi, it will have Girish Ahuja, practicing Chartered Accountant and non-official Director, State Bank of India, Rajiv Memani, Chairman and Regional Managing Partner of E&Y, Mukesh Patel, Practicing Tax Advocate,... Read more
7 related articles
19d
Business Standard India
Task force on income tax will read law chapter by chapter: Hasmukh AdhiaTask Force. Apart from Arbind Modi, it will have Girish Ahuja, practicing Char
Business Standard India / Posted 19 days ago
Task Force. Apart from Arbind Modi, it will have Girish Ahuja, practicing Chartered Accountant and non-official Director, State Bank of India, Rajiv Memani, Chairman and Regional Managing Partner of E&Y, Mukesh Patel, Practicing Tax Advocate,... Read more
7 related articles
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