Page 2 - State Bank Of India Sbi

CBI charges Videocon's Venugopal Dhoot, bankers with 'criminal conspiracy'

Dhoot has been earlier booked by the CBI in the Videocon-ICICI bank loan case.

Downgrade of India's sovereign rating by Moody's not surprising: SBI report

India's sovereign rating was downgraded by Moody's to Baa3 with a negative outlook on the pretext of prolonged period of slower growth, rising debt and stress in financial system.

Covid-19 to dent India's FY21 per capita income by 5.4%: SBI report

Among states, Delhi, Chandigarh, and Gujarat will be the worst hit with PCI falling 15.4 per cent, 13.9 per cent and 11.6 per cent, respectively in FY21

Facing heat from lenders, Anil Ambani says no desire to make personal gains

Ambani stepped down as director of RCom last November after the company was referred to insolvency tribunal

Likely job, salary cuts to have relatively low impact on SBI: Rajnish Kumar

SBI has traditionally been the banker of choice to the Government of India and is an accredited banker to major Central Government Ministries and Departments, the annual report said

SBI adapts to Covid-19 challenges, upgrades policy to work-from-anywhere

On the business side, the focus of the bank in the days ahead would be on revisiting risk assessment and business procedures in addition to rapid adoption of digital technology, said SBI annual report

Debt collector at age 12, C S Setty now chases $20 billion at SBI

Forty-two years later, Setty continues to collect on loans, albeit on a much larger scale.

Loan moratorium: SC sees 'no merit' in charging interest on unpaid interest

Next hearing in August, Bench instructs centre, RBI to firm up views

SBI to ICICI Bank, here's how many Indian banks operate in China, Hong Kong

At Hong Kong, an important financial centre in Asia, Indian banks have had business operations for decades.

Govt may not privatise PSBs in FY21 over low valuations, high NPAs: Report

The government will refrain from distress sale of its entities, especially if they are in strategic sectors

PSB loan disbursal picks up pace, rises to over Rs 29k cr: Finance Ministry

According to finance ministry data, loans have been disbursed to 3,75,087 accounts under ECLGS

SBI knocks on NCLT's doors to recover Rs 1,200 cr from Anil Ambani

The tribunal, presided over by BSV Prakash Kumar, on Thursday gave Ambani a week to file reply to the application.

SBI to dilute 2.1% stake in SBI Life Insurance via offer for sale

SBI is expected to mop up almost $202 million via the share sale.

Foreign portfolio investors to pick up $300-million stake in YES Bank

The FPIs are in advanced talks with an Indian bank to act as a custodian.

RBI asks SBI to appoint a qualified chartered accountant as CFO

No CA in bank's top brass, as mandated by RBI

SBI invites applications for post of CFO; offers annual salary of Rs 1 cr

This is for the first time, the bank is recruiting the CFO from outside its experienced talent pool of top management

Frame policy for employment of migrants in home states, suggests SBI report

The CDRs could give a clear idea of out-migration intensity into districts in states that exhibit a high level of migrant labour movements, the report said

SBI general meeting to go virtual on June 17, shareholders to cast e-votes

The general meeting can be conducted via a video conference or Other Audio-Visual Means (OAVM) as per Sebi order

SBI to cut MCLR by 25 basis points from June 10 across all tenors

The one year MCLR has been revised to 7 per cent from 7.25 per cent, the bank said in a release

PSBs disburse Rs 8,320 cr loan to MSMEs under emergency credit scheme

On May 21, the Cabinet had approved additional funding of up to Rs 3 trillion at a concessional rate of 9.25 per cent through ECLGS for the MSME sector