Page 8 - State Bank Of India Sbi

All may not be lost for YES Bank but insiders say its recovery to be slow

It will depend on the acquiring bank or financial institution's capacity to hold the assets till the market improves and sell them later to recover sizeable chunk of the loans

SBI board gives 'in-principle' approval for investment in YES Bank

The announcement came hours after Yes Bank was placed under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board

SBI Cards IPO subscribed 26 times despite tough market conditions

The 100-million share offering generated close to 2.7 billion bids

Infuse capital in YES Bank; acquiring it will be disaster: Analysts to SBI

Most analysts believe it is a positive step for the Indian financial sector as the the government has tried to avoid a repeat of IL&FS-like crisis

Govt approves plan for SBI-led consortium to buy stake in YES Bank: Reports

SBI has also been authorised to pick other members of the consortium

SBI board accepts resolution plan for sale of RCom, subsidiaries

According to sources in the bank, the final voting on the resolution will be over on Wednesday

SBI board allows RCom resolution plan, lenders to get Rs 23,000 cr: Report

RCom's secured debt is estimated to be around Rs 33,000 crore

SBI Cards IPO: Why analysts suggest subscribing despite rich valuation

Siddharth Purohit of SMC Global Securities believes that given the stable RoE of 30% valuation, in terms of P/E ratio is likely to come down to 31x and 22x in FY21 and FY22, respectively from 43x.

Raising insurance coverage to 90% to help exporters cut cost: SBI chief

He also said the collateral gives some comfort to bankers while giving finance to exporters, but in terms of recoveries they are not very helpful

Not approached by any telco to finance AGR dues, says SBI chairman

The payments to be made by the companies include Rs 53,000 crore by Vodafone Idea, Rs 35,500 crore by Bharti Airtel and Rs 14,000 crore by the now defunct Tata Teleservices

Dec quarter shows much-needed improvement in asset quality for PSU banks

Slippages ratio for FY20 pegged at 3.5 per cent a tad lower than previous year's 3.7 per cent, but MSMEs, agri and retail are segments that could see fresh stress

SBI cuts MCLR for ninth straight month making auto, home loans cheaper

The bank also reduced interest rate on term deposits - retail and bulk - by 10-50 basis points (bps) across various tenors

Merger process major challenge for PSBs in near future: SBI Chairman

In August last year, Finance Minister Nirmala Sitharaman had announced merger of 10 banks

Financial groups: Focus shifts to their ability to boost parent's valuation

While lack of clarity on outlook of insurance business has weighed on valuations of parent firms, retail loan growth and fee income need to be closely watched

Nifty view & stock recommendations by Prabhudas Lilladher: Buy SBI, HUL

The bias remains corrective and cautious. However, it is also time to cherry-pick good stocks like SBI, Maruti, Tata Steel, FMCG, etc to accumulate.

Budget 2020: SBI chairman Rajnish Kumar expects higher infra spending

I am expecting that the budget will be on reviving economic growth, says SBi Chairman Rajnish Kumar

SBI Q3 result: Lender logs 41% YoY rise in profit at Rs 5,583 cr; NPAs dip

During the quarter under review, the bank's credit book grew 6.79% YoY to Rs 23.01 trillion, up from Rs 21.55 trillion. The retail loans have jumped 17.49% YoY, while corporate loans slipped 0.48%

SBI Q3 preview: Profit could take hit due to DHFL, interest income may rise

Analysts at Edelweiss expect divergence and provisions from DHFL to off-set the recoveries from the resolution of the Essar Steel account.

Letters to BS: Incentivising savings could be a win-win for govt

An increase in the Public Provident Fund limit by Rs 1 lakh to Rs 2.5 lakh for individual households under 80C will lead to additional savings of more than Rs 2 trillion

Voda Idea tanks 39% on AGR blow but Airtel jumps as analysts remain bullish

With this, the telcos will have to together pay an estimated Rs 1.47 trillion in AGR dues that include penalties and interest on penalties by January 23.