Page 10 - State Bank Of India Sbi

RBI had no objection to issuance of electoral bonds through SBI, says FM

She said the Committee of the Central Board (CCB) of RBI in its meeting held on October 11, 2017 indirectly agreed for electoral bonds to be issued if it is done by the SBI.

SBI cuts MCLR rate by 10 bps for one-year loan, deposit rates unchanged

This is the eighth cut in MCLR in this financial year and follows a 5 bps reduction last month; most banks have linked their lending rates to repo after introduction of the external benchmark system

Nepal SBI post 13% growth in net profit at Rs 229.25 crore for FY19

The bank mobilised total deposit of Rs 9,72.44 crore and extended loans and advances of Rs 8,864.47 crore at the closing of the year, according to a statement issued by the bank

NTPC inks Rs 5,000 crore term-loan pact with SBI for capex spending

The loan facility has been extended at an interest rate linked to 3-month MCLR of the bank and has a door-to-door tenure of 15 years

Sebi gives LIC, SBI, BoB until Dec 2020 to bring UTI AMC stake below 10%

LIC, SBI and BoB are also sponsors of UTI AMC and hold more than 10 per cent stake individually in the AMC and trustee company of UTIMF

Corporate lending facing demand slowdown, muted growth, says SBI MD

Retail lending, however, is growing at a decent rate, the bank said

Corporate sentiment improving in early sign of economic recovery: SBI MD

The bank's PMI has crossed 50 points for the first time this month indicating that sentiment is positive

SBI to divest 8.25% in UTI AMC IPO; LIC, BoB, PNB may also follow suit

The total dilution in the IPO could be 33 per cent. If the issue has fresh component, it could lead to further dilution

How India's millennial credit card boom is running into Ambani's ambitions

India's richest man, Mukesh Ambani, wants to connect 30 million small retailers with common inventory-management, billing and tax platforms as well as low-cost payment terminals

PSU banks extend rally, SBI nears record high; Nifty PSU Bank index up 3%

Since November 15, Nifty PSU Bank index has surged 14 per cent on hopes that the Supreme Court ruling in Essar Steel case should pave the way for a lumpy recovery for banks in Q3.

India's banks wrote off Rs 2 trillion worth of bad loans in 2018-19

Even as banks have written off more loans than before, recovery of bad loans has also improved substantially in the past couple of years

Top 10 biz headlines: NBFCs bailout likely, sops in Maharashtra & more

From credit card spending to RIL's Rs 10-trillion m-cap, Business Standard brings you the top business headlines of the day

SBI's credit card arm files offer document; aims to raise Rs 9,500 cr

The issue will comprise fresh fund raising worth Rs 500 crore, which will be used to augment the capital base to meet future business requirements

Electoral bonds: FinMin knew serial number could reveal donor's identity

Ministry was reluctant to assign serial numbers initially, but relented after SBI raised concerns about internal control and reconciliation

Oman India Joint Investment Fund II buys 9.9% in Capital SFB for Rs 84 cr

The current round of fundraising will help the bank deepen its penetration in Punjab and expand into Haryana, Rajasthan and NCT of Delhi, with a significant focus on MSME loans

SBI hits over three-month high, surges 37% from October lows

Analysts believe the worst in terms of asset quality is behind SBI. They expect meaningful reduction in NPA and strong earnings growth in FY2020-21.

SBI raises Rs 3,814 crore from perpetual bonds to fund business growth

Under the Basel-III norms, AT-1 bonds come with loss absorbency features, meaning that in case of stress, banks can write off such investments

No govt pressure; compulsions are different: Rajnish Kumar on SBI's lending

At Business Standard Banking Forum 2019, India's top bankers discuss the difficulties facing the country's financial services sector and what could be the way forward

SBI made many poor commercial decisions in the past decade: MD Arijit Basu

SBI's market capitalisation on Friday stood at a low Rs 2.95 trillion, which is just about 42% of private sector HDFC Bank's Rs 7.02 trillion

Here are the new loan rates and charges that SBI has introduced today

According to the new rules, SBI will allow 8-10 free ATM transactions a month for customers with average monthly balances of up to Rs 25,000 in their savings accounts