Page 9 - State Bank Of India Sbi
Relief for realty: Govt sets up Rs 25k-cr fund to revive stalled projects
In other decisions, Cabinet has approved pacts signed with German agency DGUV; pact with Guinea on renewable energy; and signing revised DTAC with Brazil
 "Relief for realty: Govt sets up Rs 25k-cr fund to revive stalled projects")
Banks unanimous in seeking one-time loan restructuring for realtors
State Bank chairman Rajnish Kumar said if there is scope for restructuring, then one should do it
 "Banks unanimous in seeking one-time loan restructuring for realtors")
FY20 to see 1.6 mn fewer jobs being created as economy slows: SBI report
According to the SBI research report- Ecowrap, there is a decline in remittances in a few states like Assam and Rajasthan, reflecting downsizing of contractual labourers
 "FY20 to see 1.6 mn fewer jobs being created as economy slows: SBI report")
Sunteck Realty gains 6% on signing MoU with SBI to safeguard home buyers
Under the scheme, SBI will issue guarantee for completion of projects to customers availing SBI Home Loans.
 "Sunteck Realty gains 6% on signing MoU with SBI to safeguard home buyers")
Banks will see good recoveries from NPAs in Q3, Q4, says SBI Chairman
The time taken for resolution of bad loans is also likely to reduce going ahead with stronger resolution mechanism, he said
 "Banks will see good recoveries from NPAs in Q3, Q4, says SBI Chairman")
$5-trillion economy achievable but time frame uncertain: SBI Chairman
Speaking at an interactive session organsied by FICCI, Rajnish Kumar said private investment was necessary for achieving the target
Repayment default: Peninsula Land blames it on delayed rent from tax dept
At present, the company's total debt including short-term and long-term facilities stand at Rs 1,630.65 crore and it owes Rs 999.74 crore to banks and financial institutions
 "Repayment default: Peninsula Land blames it on delayed rent from tax dept")
Dutch brewing giant Heineken likely to raise stake in United Breweries
Banks have got court nod to liquidate assets
 "Dutch brewing giant Heineken likely to raise stake in United Breweries")
Realty company Peninsula Land defaults on repayment of loan from SBI
The default of Rs 2.35 crore happened on November 30, 2019 on term loan of Rs 177.7 crore
SBI to float $2-bn distressed asset fund; to bring in global partners
The size of the distressed asset fund is expected to be on the lines of the government of India-backed AIF for distressed housing projects
 "SBI to float $2-bn distressed asset fund; to bring in global partners")
Telangana banks' advances grew 0.37% to Rs 1,966 cr in first half of FY20
Total advances by all sources - public sector banks, private sector banks and co-operative banks rose to Rs 53,5840.18 crore in September 2019 from Rs 5,33,874,07 crore in March, 2019.
 "Telangana banks' advances grew 0.37% to Rs 1,966 cr in first half of FY20")
SBI chief nudges industry to borrow and invest, says no dearth of fund
He also said that the State Bank of India (SBI) is underutilising its loan sanction limits as there is not enough credit demand from the industry
 "SBI chief nudges industry to borrow and invest, says no dearth of fund")
PTC Finance Services to raise Rs 580 crore via NCDs backed by SBI
The rating assignment takes into account the strong financial and credit risk profile of the issuer and partial credit enhancement by SBI
 "PTC Finance Services to raise Rs 580 crore via NCDs backed by SBI")
Deposit rate cut beyond a point is risky, India lacks safety net: SBI chief
On rate transmission by banks, Kumar said when interest rate moves downwards then everybody starts talking and when it goes upwards nobody talks about it
 "Deposit rate cut beyond a point is risky, India lacks safety net: SBI chief")
Suzlon Energy appoints State Bank's nominee Rakesh Sharma as director
He has handled various assignments in retail banking, corporate credit, international banking, micro finance and agricultural banking at SBI.
 "Suzlon Energy appoints State Bank's nominee Rakesh Sharma as director")
Will certainly consider investors' plan for Jet's rescue: DGCA to NCLT
The NCLT will hear the Synergy Group on Thursday about the company's clarifications on its stand on the airport slots.
 "Will certainly consider investors' plan for Jet's rescue: DGCA to NCLT")
SBI, KfW sign $277 mn agreement for energy-efficient housing programme
In addition to the $277 million dollar loan facility, KfW will also extend a grant of 1.5 million euros to SBI as a technical assistance package.
 "SBI, KfW sign $277 mn agreement for energy-efficient housing programme")
Nifty Bank hits fresh high as ArcelorMittal to close Essar Steel deal today
Investors, however, booked profit at most banking counters with shares of SBI, Axis Bank, HDFC Bank, YES Bank, Punjab National Bank, Bank of Baroda, and The Federal Bank down up 2.7 per cent.
 "Nifty Bank hits fresh high as ArcelorMittal to close Essar Steel deal today")
SBI likely to pay Essar lenders on Dec 16 as ArcelorMittal pays up
As per the resolution proposal, banks would recover over 90 per cent of their claims against Essar Steel, amounting to over 40,000 crore.
Andhra to raise Rs 10,000 cr in loans to meet discoms' payment obligations
APPFCL acts as a nodal agency for raising the funds for the state power utilities either by issuing bonds or by taking loans from banks and financial institutions
 "Andhra to raise Rs 10,000 cr in loans to meet discoms' payment obligations")
