Page 7 - State Bank Of India

State Bank to provide guarantee to homebuyers on completion of projects

This cover will be for SBI funded residential projects and those availing home loan for SBI

Equity capital markets proceeds up 38% at $21.4 billion in 2019

Initial public offerings experienced their third consecutive annual decline, totalling $2.5 billion in 2019, down 46.2 per cent from last year

SBI Cards set to launch Rs 9,500-cr IPO this month, subject to Sebi nod

The issue will comprise an offer for sale of about 131 million shares of existing shareholders - SBI and CA Rover

SBI planning to sell 5 million shares representing 1.01% stake in NSE

Currently, State Bank of India (SBI) holds 5.19 per cent stake in the exchange

Existing home loan borrowers must move to external benchmark loans

Yes, there will be some cost, but it will be limited to administrative and legal expenses

SBI will create unit to manage rural, semi-urban business: Rajnish Kumar

Under financial inclusion, the bank has about 58,000 BCs and 22,010 branches across the country to offer banking services

SBI, Union Bank to sell NPAs of Rs 2,836 cr this month through e-auctions

In a notice on its website on December 12, SBI had sought bids to sell another Kolkata-based engineering firm Avani Projects and Infrastructure, having an outstanding loans of Rs 40.53 crore

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

Home loan EMIs to reduce as SBI cuts external benchmark rate by 25 bps

The new rates will be applicable from January 1, 2020

To safeguard banking, SBI to introduce OTP-based ATM transactions from Jan

This additional factor of authentication will protect State Bank card holders from unauthorized ATM cash withdrawals, it said further

Slowdown blues: Bank credit growth may fall to 6.5-7% in FY20, says Icra

According to ICRA, even in a high-growth scenario, wherein the second half of FY20 sees the incremental bank credit rise to Rs 6.5-7 trillion, there will still be a 40-45% year-on-year (YoY) decline

RBI appoints J&K Bank as lead banking convenor for J&K, SBI for Ladakh

The Reserve Bank on Thursday appointed Jammu & Kashmir Bank as the lead banker for the newly carved out union territory of Jammu and Kashmir. State Bank of India (SBI) will be the lead convenor bank for union territory of Ladakh. The government through a gazette notification on August 9, 2019 had reorganised the erstwhile Jammu and Kashmir state under the Jammu and Kashmir Reorganisation Act, 2019, into union territories of Jammu and Kashmir and Ladakh with effect from October 31, 2019. "In view of the above, it has been decided to assign the UTLBC (Union Territory Lead Bank Convenor) Convenorship of the Union Territory of Jammu and Kashmir to Jammu & Kashmir Bank Ltd and the Union Territory of Ladakh to State Bank of India," the RBI said. There is no change in the SLBC/ UTLBC convenorship of other states and UTs, it added.

Four companies including SBI Card, ICICI Home Finance to list papers on BSE

Post process, the effective date of listing for the commercial paper at the exchange will be December 23, the BSE said in a statement

BS Banking Annual 2019: Indian banks safe, say SBI, HDFC Bank chiefs

HDFC Bank MD Aditya Puri and SBI Chairman Rajnish Kumar discuss the present and the future of the industry in a fireside chat

SBI may take 3 years to list general insurance arm: Chairman Rajnish Kumar

SBI had last year listed its life insurance arm and the proceeds came in handy to fight difficulties in asset quality. It is also planning to part-sell its stake in SBI Cards

Green shoots: State-run banks, NBFCs tilt towards renewable energy projects

The second of a three-part series on credit pick-up looks at renewable energy sector, which is facing issues like cancellation of projects and grid curtailment

Budget 2020: Banks, NBFCs suggest ways on taxation, improving credit growth

For the last three PSBs, the govt should run these under a public-private partnership model, said a senior banker.

ArcelorMittal set to close Rs 42,000-cr Essar Steel deal next week

Essar Steel will be jointly owned and operated by ArcelorMittal and Nippon Steel Corporation

CCI approves stake buy in SBI General Insurance by Napean, Honey Wheat

The country's largest lender and Insurance Australia Group (IAG) held 70 per cent and 26 per cent, respectively, in SBI General Insurance

SBI Cards to list commercial paper on BSE for an issue size of Rs 400 crore

Leading stock exchange BSE on Thursday said SBI Cards & Payments Services has made an application to list commercial paper for an issue size of Rs 400 crore. Post process, the effective date of listing for the commercial paper at the exchange will be December 13, BSE said in a statement. With this, the number of companies listing their commercial paper (CP) on BSE BONDS platform will reach eight since the stock exchange came out with the framework for listing of such instruments late last month. Also, the funds raised by these firms will reach Rs 9,270 crore. Listing of CPs is expected to lead to efficient transmission of information regarding corporate borrowings and liquidity positions to market participants. Besides, it will contribute effectively towards development of the commercial paper market and is expected to have a positive effect on the debt capital market. Commercial paper is an unsecured money market instrument issued in the form of promissory notes that enables ...