News from other websites on sbi
How Reliance Ind moved funds around to make cash yield more
May 26, 2013 at 01:32 | Source: The Hindu BusinessLine
BL Research Bureau: Expecting a fall in interest rates, Reliance Industries (RIL) has made a big shift towards debt mutual funds and long-term bank deposits in 2012-13. Its latest annual report shows that the company’s war-chest of cash and li...
How to benefit as interest rates fall
May 26, 2013 at 01:32 | Source: The Hindu BusinessLine
After a long wait, it is finally here – a downturn in interest rates. The Reserve Bank of India (RBI), after raising its policy rates from 4.75 per cent to 8.5 per cent over 2010-11, began to take its foot off the pedal last year. Since April ...
UB Group can't revoke power of attorney unilaterally: Bankers
May 25, 2013 at 20:12 | Source: Financial Express
Vijay Mallya�s UB Group cannot unilaterally revoke a power of attorney (PoA) given to IDBI Trusteeship Services in order to protect shares pledged against loans given to Kingfisher Airlines, clarified bankers. Senior executives at IDBI Bank say th...
Stock market snaps five-week rally; Sensex, Nifty tank 3%
May 25, 2013 at 17:15 | Source: Business Today
A string of negative factors weighed heavily on market as both benchmark indices, S P Sensex and CNX Nifty, came off their nearly 30-month highs and tumbled 2.9 per cent and 3.3 per cent respectively during the week under review, snapping a five-wee...
Sensex snaps losing run, up 30 points
May 25, 2013 at 11:22 | Source: Business Today
Rebounding from nearly two-week lows, the BSE benchmark Sensex on Friday snapped a four-day downtrend by ending 30 points higher on the back of strength in Tata Steel, ICICI Bank, L T and Tata Power shares.However, the index ended around 3 per cent ...
Are housing finance companies relevant? - NO
May 25, 2013 at 00:22 | Source: The Hindu BusinessLine
The current demand for bank credit is being driven by the retail segment, particularly housing loans, which, given their multiplier impact, are sustaining industries with backward and forward linkages in steel, cement, transport and construction. As...
High court clears Vijay Mallya's share sale to Diageo
May 24, 2013 at 22:40 | Source: Economic Times
BANGALORE: The Karnataka high court delivered some cheer to beleaguered Vijay Mallya's investment holding company United Breweries Holdings Ltd (UBHL) on Friday, when it allowed the company to sell its shares in United Spirits Ltd (USL), to British s...
State Bank of India, Spanish bank join hands
May 24, 2013 at 22:00 | Source: NDTV Profit
Mumbai: India's largest lender State Bank of India (SBI) has that it has signed an agreement with Spain-based bank Banco Bilbao Vizcaya Argentaria, SA (BBVA), to support business operations of clients of both the banks. SBI has no physical pr...
May 24, 2013 at 21:42 | Source: The Hindu BusinessLine
Mumbai, May 24: State Bank of India has entered into a tie up with Spanish bank Banco Bilbao Vizcaya Argentaria, SA (BBVA) to develop business operations in Latin America and Spain. BBVA is the second largest bank in Spain. Present in India since 20...
Late surge lifts Sensex; Tata Steel, Larsen key gainers
May 24, 2013 at 21:32 | Source: DomainB
Benchmark indices closed firm, riding a late surge, but finished roughly 3 percent lower week-on-week. Brokers say the mood is cautious after the global sell-off on Thursday, and back home, a mixed bag of quarterly earnings. The Sensex closed at 197...
BlackBerry launches EMI schemes for BlackBerry Z10, Curve 9220
May 24, 2013 at 21:32 | Source: DomainB
BlackBerry has launched equated monthly installment (EMI) schemes for BlackBerry Z10, the smartphone that operates on its proprietary mobile operating system (OS) BlackBerry 10 (BB10), and BlackBerry Curve 9220. BlackBerry Z10 is now available for a...
SBI to invest in high quality stocks only: Pratip Chaudhuri
May 24, 2013 at 15:07 | Source: Economic Times
KOLKATA: Country's largest lender State Bank of India (SBI) will invest in high quality stocks only which have good trading volumes and less volatility, Chairman of the bank Pratip Chaudhuri said today. "We have decided to do trading in high quality...
Nearly one-fourth of restructured loan turning bad, says SBI's Pratip Chaudhuri
May 24, 2013 at 15:07 | Source: Economic Times
MUMBAI: State Bank of India has witnessed a substantial deterioration in its restructured loan, chairman Pratip Chaudhuri told media person soon after declaring annual results for the year 2012-13. "The bigger concern is that that nearly 25% of the ...
Sensex crashes 400 points; free fall for global markets
May 24, 2013 at 14:32 | Source: Economic Times
MUMBAI: A huge selloff in Japanese shares roiled stock markets across Asia and Europe after weak factory output in China and confusion over the continuation by the US Federal Reserve of its fiscal stimulus spooked traders. Responding to the sudden re...
Power, steel pharma sector loans putting pressure on NPAs: Pratip Chaudhuri, SBI
May 24, 2013 at 14:01 | Source: Economic Times
In an interview with ET Now, Pratip Chaudhuri, CMD, State Bank of India, talks about their Q4 numbers and shares his business outlook. Excerpts: ET Now: To start with, the markets I guess are unhappy with your numbers. Walk us through what has been ...
Sensex trading flat; Healthcare, IT stocks major losers
May 24, 2013 at 12:32 | Source: The Hindu BusinessLine
Mumbai, May 24: The BSE benchmark Sensex failed to sustain its initial momentum due to heavy selling in healthcare, IT and TECk stocks amid weak Asian cues. At 10.50 a.m., the 30-share BSE index Sensex was down 16.27 points (0.08 per cent) at 19,658...
BlackBerry Z10, Curve 9220 now available on EMI in India
May 24, 2013 at 12:05 | Source: FirstPost
Following the footsteps of Apple and Samsung, BlackBerry too has announced the introduction of new EMI Schemes for its flagship device the BlackBerry Z10 and for its older BlackBerry Curve 9220 smartphones in India.For BlackBerry Z10, customers can g...
State Bank of India profit in quarter plunges 18%, NPAs surge, shares drop
May 24, 2013 at 09:57 | Source: Financial Express
Country's largest bank State Bank of India (SBI) today reported a 18.54 per cent decline in net profit at Rs 3,299 crore for the fourth quarter ended March 31, 2013 on account of lower interest income, causing its shares to plummet over 7 per cent o...
Bad loans surge: Why SBI stock crashed to 7-month low post Q4 earnings
May 24, 2013 at 08:58 | Source: FirstPost
Even though State Bank of India reported a recovery in its asset performance in the fourth quarter of the current fiscal, the bank's net profit dropped 19 percent year-on-year to Rs 3,300 crore as net interest incomeslipped more than 5 percent y-o-y...
SBI net slips 18.5% on sticky loans
May 24, 2013 at 08:37 | Source: Calcutta Telegraph News
Calcutta, May 23: The State Bank of India (SBI) today reported an 18.5 per cent decline in standalone net profit at Rs 3,299 crore for the fourth quarter as a higher provisioning on bad loans and an almost flat total income dragged down its bottomli...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
