Page 3 - State Bank Of India

SBI warns employees of action over social media posts against bank

The move has met with criticism by a large section of SBI employees, who called it an attempt to muzzle free speech and expression.

Why the three-month moratorium on your home loan EMI may not be a good idea

Many lenders also advised borrowers not to make use of the moratorium offer in case they were in a position to pay their instalments on the due date

SBI raises $100 mn via green bonds amid volatile market conditions

The bond issue was done through private placement.

SBI cuts lending rate by 75 bps as RBI introduces liquidity package

SBI also cut interest rates on retail term deposits by 20-50 bps. For bulk deposits, the cut was steeper, by 50-100 bps, due to huge liquidity in the system

Covid-19 impact: Banks want NPA forbearance for next two quarters or more

An account becomes NPA if default is beyond 90 days. With the present crisis, a huge number of accounts will fall in this category in the next two quarters

Rude truths

In India, discourtesy is an expression of power

Covid-19: SBI opens emergency credit line for borrowers till June 30

The loan will be offered at an interest rate of 7.25% with a tenure of 12 months.

SBI offers new credit scheme to meet liquidity mismatch amid Covid-19

The loans can be repayable in 6 monthly installments after a moratorium period i.e, 6 months from the date of disbursement

YES Bank transfers Puri Jagannath Temple's Rs 389-cr FD account to SBI

In the letter addressed to Chief Administrator of the temple shrine, Yes Bank said it has two more FDs of Rs 156 crore which will be transferred by the end of this month.

Unjust tirade: Need for soul searching on the state of Indian economy

If the KYC norms are not followed strictly, toxic accounts could creep into the system

The mystery behind surreal gain in crisis-hit YES Bank's stock price

Rs 10K-cr infusion, lock-in and hurried short-covering led to 2.3x surge in the stock

Private lenders' 'act of kindness' to YES Bank irks investors

Peers investing indicates other investors' reluctance; banks must conserve capital first before bailing out the private lender

Coronavirus scare: SBI Cards drops 10% on debut, HNIs lose Rs 200 per share

The weak trading debut contrasted the stellar demand seen during SBI Cards' Rs 10,300-crore IPO earlier this month

Investments in YES Bank aimed at providing stability, says SBI chief

SBI Card, the second largest largest credit card issuer in the country, got listed at 13 per cent discount at Rs 658 on the BSE, against the issue price of Rs 755.

No decision to discontinue printing of Rs 2,000 banknotes: FinMin

The total face value of banknotes of Rs 2,000 denomination in circulation and in currency chests was Rs 5.49 lakh crore and Rs 0.93 lakh crore, respectively.

Customers can access all banking services from Wednesday evening: Yes Bank

Yes Bank customers will be able to access full banking services from Wednesday evening, as the moratorium will be lifted earlier. The RBI had on March 5 put a moratorium on Yes Bank restricting withdrawals to Rs 50,000 per depositor till April 3. However, the government in a notification on Saturday said the moratorium will be lifted by 18:00 hrs on March 18. "We will resume full banking services from Wed, Mar 18, 2020, 18:00 hrs. Visit any of our 1,132 branches from Mar 19, 2020, post commencement of banking hrs to experience our suite of services," Yes Bank said in a tweet. "You will also be able to access all our digital services & platforms @RBI @FinMinIndia," it said. The government on Saturday notified the reconstruction plan for cash-strapped Yes Bank and said the moratorium will be lifted by 18:00 hrs on March 18, much earlier than the earlier date of April 3. "The order of moratorium on the reconstructed bank issued by the government...shall cease to have effect on the .

Fresh blows, disappointments to investors of crisis-hit YES Bank

Auditors cast doubts on bank's ability to remain a going concern, investors holding more than 100 shares barred from selling stock

Govt notifies YES Bank rescue scheme; moratorium to be lifted on March 18

Three-year lock-in period for investors

YES Bank gets Rs 3,100-cr lifeline from pvt lenders; moratorium to go soon

The YES Bank reconstruction plan will include an equity investment of at least Rs 11,350 crore from various entities, including multiple private lenders.

Coronavirus outbreak: Stock market turmoil to hurt plans for IPOs

Valuation computations for proposed deals go awry