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Arundhati Bhattacharya among Forbes Asia's 50 `power businesswomen'

Feb 27, 2015 at 18:04 | Source: FirstPost

Forbes Asia has named Arundhati Bhattacharya, Chairman, State Bank of India, in its annual 50 power businesswomen list. The much coveted list appeared in the magazine's March 2015 special issue.Arundhati Bhattacharya is referred to as 'the first lady...

SBI taking over Kingfisher House shows public banks are finally taking on influential defaulters

Feb 25, 2015 at 11:20 | Source: FirstPost

The rising pile of sticky assets on their balance sheets havebegun to push Indias state-run bankers to go for the kill on wily and crony promoters.This became evident when the country's largest lender, State Bank of India (SBI) on Tuesday took contro...

SBI seizing Kingfisher house shows Public banks are finally taking on influential defaulters

Feb 25, 2015 at 08:19 | Source: FirstPost

The rising pile of sticky assets on their balance sheets havebegun to push Indias state-run bankers to go for the kill on wily and crony promoters.This became evident when the country's largest lender, State Bank of India (SBI) on Tuesday took contro...

SBI seizing Kingfisher House shows public banks are finally taking on influential defaulters

Feb 25, 2015 at 08:19 | Source: FirstPost

The rising pile of sticky assets on their balance sheets havebegun to push Indias state-run bankers to go for the kill on wily and crony promoters.This became evident when the country's largest lender, State Bank of India (SBI) on Tuesday took contro...

Sensex falls for second straight session; blue chips drag

Feb 24, 2015 at 04:15 | Source: FirstPost

MUMBAI (Reuters) - The BSE Sensex and Nifty fell for the second straight session on Monday, dragged down by heavyweights such as Reliance Industries(RELI.NS) and financial stocks, as caution prevailed ahead of the budget due on Feb 28.Other blue chip...

Exclusive: SBI set to take possession of Mallyas Kingfisher House in Mumbai

Feb 18, 2015 at 09:58 | Source: FirstPost

State Bank of India (SBI), the countrys largest lender by assets, is set to take possession of Kingfisher House, one of the prime real estate properties of the group, intensifying its battle against Vijay Mallyas Kingfisher Airlines to recover its lo...

Budget 2015: Commerce ministry seeks Rs 100 cr to set up Project Development Fund

Feb 16, 2015 at 16:50 | Source: FirstPost

New Delhi: The commerce ministry has sought setting up of a Project Development Fund with an initial corpus of Rs 100 crore to boost project exports from the country.In its Budget suggestions, the commerce ministry has urged Finance Minister Arun Jai...

Bankers are right in seeking priority sector lending status for renewable energy

Feb 16, 2015 at 12:45 | Source: FirstPost

Senior bankers have pitched for separate, priority sector lending status to the renewable energy given the massive fund requirement the sector needs over the next seven years (an estimated Rs 7.5 lakh crore) and the absence of adequate, alternative f...

Bankers are right in asking for priority sector lending status for renewable energy

Feb 16, 2015 at 09:43 | Source: FirstPost

Senior bankers have pitched for separate, priority sector lending status to the renewable energy given the massive fund requirement the sector needs over the next seven years (an estimated Rs 7.5 lakh crore) and the absence of adequate, alternative f...

SBI commits Rs 75,000 cr for financing clean energy generation

Feb 15, 2015 at 20:48 | Source: FirstPost

New Delhi: Country's largest lender State Bank of India today committed Rs 75,000 crore for generation of 15,000 MW of renewable energy in the next five years. "SBI has committed to provide Rs 75,000 crore over a period of five years for the ren...

Land, finance key to India renewables drive - First Solar CEO

Feb 15, 2015 at 17:30 | Source: FirstPost

NEW DELHI (Reuters) - India will struggle to hit its "hugely ambitious" renewable energy target if it fails to make more land available for plants and ensure utilities have the means to buy in clean energy, the head of U.S.-based First Sola...

Sensex gains 1 pct; SBI surges on stable asset quality

Feb 14, 2015 at 02:15 | Source: FirstPost

MUMBAI (Reuters) - The BSE Sensex and Nifty rose for a fourth consecutive day on Friday, as State Bank of India surged after bad loans rose only slightly in the previous quarter, with sentiment also underpinned by stable consumer inflation data and s...

SBI manages to buck the trend, but industry awaits Modi magic to see growth

Feb 13, 2015 at 18:32 | Source: FirstPost

Mumbai: The earnings report card of State Bank of India (SBI), for the December quarter, is largely an exception to the overall trend in the industry. The lender, the largest in the country in terms of assets, has clearly managed to put a check on ba...

BSE Sensex rebounds after Russia ceasefire

Feb 13, 2015 at 00:30 | Source: FirstPost

MUMBAI (Reuters) - The BSE Sensex rallied around 1 percent, in a sharp turnaround from earlier mild losses after the leaders of Germany, France, Russia and Ukraine reached a deal to end fighting in eastern Ukraine, sparking gains in global markets.Tr...

Capital as reward for efficiency: Some public banks get a raw deal from govt

Feb 09, 2015 at 16:31 | Source: FirstPost

Ahead of the union budget for 2015-2016, the government has announced its plan to infuse part of the Rs 11,200 crore capital in state-run banks promised in the 2014-15 budget. In the first tranche, Rs 6,990 crore will be infused in nine public banks,...

India says to inject $1.1 billion into nine state-run banks

Feb 07, 2015 at 19:30 | Source: FirstPost

MUMBAI (Reuters) - India will inject 69.90 billion rupees ($1.13 billion) into nine state-run banks including State Bank of India in the financial year 2015, the finance ministry said on Saturday.In a statement, it said the plan aimed to reward the b...

HDFC Bank's India offer oversubscribed, seen encouraging other sales

Feb 06, 2015 at 01:45 | Source: FirstPost

MUMBAI (Reuters) - HDFC Bank's (HDBK.NS) $324 million share offering in India was more than 4 times oversubscribed, according to bankers and investors, a strong reception that is expected to encourage a rush of domestic equity sales from other compan...

SKS to Vodafone: Microlenders, telcos may emerge as banks to serve poor

Feb 05, 2015 at 19:25 | Source: FirstPost

There were too many takers to wear the hat of a tiny banker when the deadline to apply for small finance and payments banks licences expired at the close of business hours on 2 February at Mint Street. A total of 113 companies have applied with the R...

HDFC Bank launches share offer in US, India to raise up to $1.6 bn

Feb 05, 2015 at 12:43 | Source: FirstPost

Mumbai: HDFC Bank, India's largest lender by market value, launched a share offer in the United States and India on Wednesday to raise up to $1.6 billion.FC Indian lenders are seeking to raise new equity capital to meet global banking rules and also ...

A banking revolution: Microlenders, telcos may emerge as banks to serve the poor

Feb 05, 2015 at 12:22 | Source: FirstPost

There were too many takers to wear the hat of a tiny banker when the deadline to apply for small finance and payments banks licences expired at the close of business hours on 2 February at Mint Street. A total of 113 companies have applied with the R...

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