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News on State Bank of India
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Indian banks to sell Vijay Mallya's cars 'shortly' in UK

9.54 pm | 19 Oct 2018 |  Source: PTI

In an enforcement order dated October 11, Justice Sara Cockerill had granted an order for a High Court Enforcement Officer to sell the six cars "by pr...

SBI chief sees bad loan provision falling after two quarters

4.27 pm | 12 Oct 2018 |  Source: Reuters

The state-run lender is also seeing a slowdown in "accretion" of new bad loans, Rajnish Kumar told Reuters on the sidelines of the International Monet...

Stocks in the news: TCS, GM Breweries, HUL, Bank of Baroda, OnMobile Global, PNC Infratech

7.36 am | 12 Oct 2018 |  Source: Moneycontrol.com

Hindustan Unilever | 3i Infotech | Karnataka Bank | Tata Sponge Iron | Quintegra Solutions and TCS are stocks which are in the news today....

Bank of India raises MCLR rates by 0.05% on two tenures

4.57 pm | 11 Oct 2018 |  Source: PTI

The new overnight rate stands at 8.05 percent, while the one month rate has been revised to 8.15 percent, the bank said in a statement....

More public sector banks may buy asset portfolios from NBFCs: Sources

2.33 pm | 11 Oct 2018 |  Source: Moneycontrol.com

A top govt official, however, told Moneycontrol that the decision to purchase such assets from NBFCs rests with the respective bank boards....

A morning walk down Dalal Street | Short-term trend still favours bears

7.03 am | 11 Oct 2018 |  Source: Moneycontrol.com

On the downside, 10,016 shall be the target for the next leg down. On the flip side, if the bulls manage to surpass the hurdle zone of 10,480-10,500 o...

SBI reports 1,329 fraud cases worth Rs 5,555 cr in Apr-Sep 2018

10.52 pm | 09 Oct 2018 |  Source: PTI

In response to a query of RTI activist Chandrashekhar Gaud, SBI said that 669 cases of fraud amounting to Rs 723.06 crore were reported in the first q...

Lenders put overseas assets of Videocon unit on the block: Report

9.26 am | 09 Oct 2018 |  Source: Moneycontrol.com

The lenders plan to recover at least 50-55 percent, or Rs 230-300 crore, of the total loan value of Rs 450 crore that had been lent to VOVL...

RBI policy: Status quo in repo rate surprises experts

5.19 pm | 05 Oct 2018 |  Source: Moneycontrol.com

The MPC voted 5:1 in favour of a status quo....

IL&FS group value to be preserved: Uday Kotak after 5-hr board meet

9.08 pm | 04 Oct 2018 |  Source: PTI

It also said the board will meet regularly to draft roadmap for the future for the systematically important entity, whose control government wrested i...

IL&FS crisis: Why LIC is India Inc’s man Friday

9.28 pm | 03 Oct 2018 |  Source: Moneycontrol.com

LIC has come to the rescue of large financial institutions on multiple occasions....

IL&FS board revamp: Govt is cleaning up financial institutions, says SBI Chairman

10.40 am | 02 Oct 2018 |  Source: Moneycontrol.com

The National Company Law Tribunal approved the takeover of IL&FS board by government nominees on October 1...

LIC unlikely to offer immediate line of credit to IL&FS

11.02 am | 01 Oct 2018 |  Source: Moneycontrol.com

IL&FS, which has missed more than five debt payments since August and downgraded by three rating agencies, has filed an application with NCLT...

SBI cuts ATM cash withdrawal limit to Rs 20,000 per day: Report

8.56 am | 01 Oct 2018 |  Source: Moneycontrol.com

The new withdrawal limit on cards will be effective from October 31, weeks before the festival season...

‘Unfair sale’ of Mallya’s Force India cost 13 Indian banks 40 mn pounds: Bidder

11.03 am | 30 Sep 2018 |  Source: PTI

Russian fertiliser group Uralkali said it had set out an extremely generous offer to acquire Force India's business, assets and goodwill, which in...

SBI, LIC & Orix likely to participate in IL&FS Rs 4500-cr rights issue

1.29 pm | 29 Sep 2018 |  Source: Moneycontrol.com

There is no clarity yet on Rs 3,500 crore credit line from SBI and LIC, a shareholder said....

NPA woes: SBI to review sectors of exposure

5.24 pm | 28 Sep 2018 |  Source: PTI

Speaking to reporters on the sidelines of a Confederation of Indian Industry (CII) event here, Khara said the review would be made by experts who woul...

RBI to meet LIC on Sept 28 to discuss IL&FS rescue plan

8.56 pm | 27 Sep 2018 |  Source: Moneycontrol.com

RBI will discuss the defaults on debt payments and the possible course of action to be taken...

5th tranche of electoral bonds sale from October 1: FinMin

5.08 pm | 27 Sep 2018 |  Source: PTI

"State Bank of India (SBI), in the 5th phase of sale, has been authorised to issue and encash electoral bonds through its 29 authorised branches with ...

SBI MD says comfortable with liquidity position, need not use RBI dispensation window

3.44 pm | 27 Sep 2018 |  Source: CNBC-TV18

When asked about the SBI redeeming Rs 15,000 crore of investments in mutual funds, PK Gupta, managing director said what the bank had done was not unu...

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