Page 3 - State Bank Of India Sbi

SBI pre-tax profit sees 10-fold jump to Rs 4,970 cr in Q4; stock rises 7.9%

Referring to Covid-19, the SBI chairman said that the situation continues to be uncertain and major challenges would arise from extended working capital cycle and waning cash flows

SBI: Investors should wait for more clarity on moratorium, asset quality

Besides asset quality improvement, management's positive commentary on loan growth and lower that expected moratorium book were key reasons behind the Street's excitement

Top 10 biz headlines: Govt releases state GST dues, jobless rate falls

The top headlines Friday morning: from Jio Platforms bagging another international investor to India's consumer confidence.

Intuition, not prediction

The Covid crisis makes "data driven" projections inaccurate, as the past provides zero guidance for the future.

SBI Q4 preview: SBI Cards stake sale to aid profitability; NPA levels eyed

According to analysts, gains from SBI Cards stake sale, worth Rs 3,000 crore, may support profitability.

PNB to lower rates on savings account deposits by 50 bps from July 1

Deposits of Rs 50 lakh and above will earn interest of 3.25 per cent as against 3.75 per cent currently

E-way bills in May treble from April levels; Still behind pre-March levels

This indicates that GST revenue for May, but collected in June, could recover after reporting a close to 85% shortfall in April vis-a-vis last year

Covid-19 impact: Moody's cuts rating for SBI, HDFC Bank to 'Baa3'

After India downgrade, agency reduces long-term deposit ratings of 11 banks

BBB recommends Ashwini Bhatia for post of State Bank of India MD

The bureau members interfaced with 20 candidates from nationalised banks on May 30 for the position of managing director in State Bank of India

Govt to discontinue 7.75% taxable savings bonds scheme from May 28

The bonds were issued in January 2018 for residents and Hindu Undivided Family (or HUF) members, and became instantly popular.

State Bank of India slashes FD rate by 40 bps, second cut in May

The lender will also extend EMI moratorium by 3 months for all eligible customers without waiting for a request

Brazil's Troyjo to be new head of BRICS bank; SBI's Anil Kishora vice-prez

The decisions were made on Wednesday at a special meeting of the Board of Governors in accordance with the Articles of Agreement of the NDB and its procedures, a press release from the bank said

SBI extends term loan EMI moratorium by 3 months as coronavirus 'respite''

The state-owner lender said it had contacted loan customers to obtain their consent to stop their Standing Instructions

HDFC Bank, ICICI Bank: Bank stocks look weak on technical charts. Stay away

A gap down close after touching 100-DMA indicates selling pressure in HDFC Bank. he counter has consistently failed to conquer 100-DMA as gap-down close has forced prices to correct even further.

NCLAT's resolution professional ruling: Several bankruptcy cases face delay

National Company Law Appellate Tribunal (NCLAT) had ordered that a former bank official cannot be appointed as a resolution professional (RP) in a company facing bankruptcy

Extension of moratorium may lead to credit indiscipline, say bankers

A senior State Bank of India executive said the moratorium is apt for small and medium enterprises whose cash flows have been impacted severely

PSBs report sharp rise in deposits thanks to YES Bank, Franklin fiasco

Last financial year saw a series of banks failures starting with Punjab & Maharashtra Co-operative Bank and culminated in near collapse of YES Bank, India's 5th-largest private sector bank at its peak

Covid-19: What India needs right now is a programme to help the destitute

The need of the hour is a rehabilitation programme for those trapped in destitution or near-bankruptcy by the lockdown

All for liquidity: Watch every rupee, chase dues, and refinance debt

Refinancing high-cost debt into low-cost debt is possible, thanks to the RBI's TLTROs

Relief to SBI on the cards; investors should await clarity on asset quality

Relaxation in the two segments is positive of asset quality recovery, but investors should await clarity from post-results commentary