Page 8 - State Bank Of India

PSBs want ex-billionaire Mallya to be declared bankrupt over $1.52 bn debt

He was arrested in London in April 2017 after 17 banks accused him of willfully defaulting on more than Rs 91 billion

SBI under-reported its FY19 NPAs by Rs 11,932 crore, find RBI auditors

As a result, the bank's reported profit of Rs 862 crore for the fiscal year now stands at a loss of Rs 6,968 crore

Top headlines of the day: SBI bad loan divergence, Citizenship Bill & more

From RBI report on SBI under-reporting bad loans by Rs 11,932 cr in FY19 to Gold's impressive performance in 2019, Business Standard brings the top headlines of the day

SBI under-reported bad loans by Rs 11,932 crore in FY19: RBI report

Based on the divergence assessed by RBI in provisioning for bad loans, SBI said it would have reported a net loss of Rs 6,968 crore in FY19 as opposed to a profit of Rs 862 crore

BoB to sell 10.4 mn shares in proposed UTI AMC initial public offering

Last week, the country's largest lender State Bank of India had approved diluting up to 8.25% stake in UTI AMC

PSBs turn profitable in Apr-Sep FY20, post aggregate profit of Rs 3221 cr

State-run lenders had posted aggregate operating profits during 2017-18 and 2018-19 of Rs 1,55,603 crore and Rs 1,53,871 crore respectively

In 8th cut this year, SBI reduces MCLR by 10 bps across all tenors

The one year MCLR has come down to 7.90 per cent per annum from 8.00 per cent per annum with effect from December 10, 2019

SBI sees strong value addition from subsidiaries, SBI Cards top contributor

The rising awareness of life insurance as a protection product is giving strong traction to the sector

SBI to divest 8.25% in UTI AMC share sale; BoB, LIC and PNB may follow suit

The total dilution in the IPO could be 33 per cent

How India's millennial credit card boom is running into Ambani's ambitions

India's richest man, Mukesh Ambani, wants to connect 30 million small retailers with common inventory-management, billing and tax platforms as well as low-cost payment terminals

State Bank may seek RBI approval for DHFL insolvency proceedings

Banks led by SBI may make a representation to the RBI, stating the current resolution process did not find much success and they would like to opt for resolution under the IBC

Here are the new loan rates and charges that SBI has introduced today

According to the new rules, SBI will allow 8-10 free ATM transactions a month for customers with average monthly balances of up to Rs 25,000 in their savings accounts

Buying auctioned properties: Take a step back and research on legal issues

But one can do reasonable amount of groundwork, and take help from a seasoned lawyer

Bank stocks cheer SC verdict on ArcelorMittal's acquisition of Essar steel

While Corporation Bank gained the most, up 17 per cent in Friday's trade, State Bank of India (SBI), IDBI Bank, Punjab National Bank, and Canara Bank rose 2.5-5 per cent

Why economists watered down India's July-Sept growth estimate to 4.2-4.7%

State Bank of India (SBI) joins global agencies such as the ADB, World Bank, OECD, RBI and the IMF in downgrading India's FY20 growth rates

SBI to raise Rs 3,500 cr via tier I bonds to strengthen capital adequacy

Rating agency ICRA has assigned a rating of AA+ (hyb) with stable outlook for the Basel III-compliant tier-I bonds

SBI cuts MCLR by 5 bps across all tenors, reduces fixed deposit rates

With this reduction, the one year MCLR, to which most of its loan prices are linked, will come down to 8 per cent

Govt not planning to help banks rescue shadow lender DHFL: Report

A consortium - led by Union Bank (UNBK.NS) and State Bank of India (SBI.NS) - was set up to restructure DHFL's (DWNH.NS) debt a month after it first defaulted in June

Higher margins, lower credit costs to propel SBI's return on assets by FY21

While the bank believes higher margins and lower credit costs will propel its return on assets by FY21, some analysts expect NPAs may remain elevated

SBI results: Bank's September-quarter earnings a Diwali gift for investors

The bank maintained its slippages ratio target for FY20 at 2%