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PSU bank trio in a spot in UK

Oct 21, 2014 at 23:42 | Source: Calcutta Telegraph News

Mumbai, Oct. 20: At least three Indian public sector banks with operations in the UK may have to rejig their structure after the Bank of England’s Prudential Regulatory Authority (PRA) announced new norms last month. Banking circles fear the n...

Buy SBI, Sell Kotak Mahindra Bank Today: Sanjeev Bhasin

Oct 21, 2014 at 10:00 | Source: NDTV Profit

Indian markets to consolidate after a very strong session yesterday. The Nifty will face multiple resistances around 7900-7950. Global headwinds emanating from Europe continues to keep sentiment weak. Coal reforms with ordinance & commerciali...

SBI to Carry On in UK Despite Crackdown on Foreign Banks: Report

Oct 21, 2014 at 06:00 | Source: NDTV Profit

London: State Bank of India is determined to carry on retail banking operations in the UK despite a recent crackdown by the Bank of England on the operations of foreign-owned banks in the country. SBI, which has been operating in the UK for 95 years ...

Axis Bank cuts base rate

Oct 17, 2014 at 12:32 | Source: Calcutta Telegraph News

Mumbai, Oct. 16: Axis Bank today cut the base rate by 10 basis points, thereby lowering the minimum lending rate by 0.1 per cent to 10.15 per cent. The new rates, to be applicable from October 15, will bring cheer to both existing and new borrowers ...

Top Five Companies Lose Over Rs 42519 Crore in Market Valuation

Oct 12, 2014 at 16:00 | Source: NDTV Profit

New Delhi: The market valuation of top-five Indian companies fell by Rs 42,519.88 crore last week, with IT major TCS taking the biggest hit. While TCS, ITC, CIL, HDFC Bank and Sun Pharma saw losses in their valuation, ONGC, RIL, Infosys, SBI and ICIC...

Fed fuels stock surge

Oct 10, 2014 at 15:52 | Source: Calcutta Telegraph News

Mumbai, Oct. 9: The BSE benchmark Sensex today surged 390 points to close at a one-week high of 26637.28 as investors tracked a rally in the world markets after the US Federal Reserve said it was not in a hurry to hike rates. The 50-share NSE Nifty ...

SBI partners Ezetap to launch ATM-cum-PoS terminal

Oct 07, 2014 at 16:00 | Source: VC Circle

India's largest bank, SBI, has partnered with Bangalore-based mobile payments service provider Ezetap Mobile Solutions Pvt Ltd to launch an ATM-cum-PoS (Point of Sale) terminal for kirana stores, which allows consumers to make payments throug...

SBI to Have Dedicated SME Branches to Increase Coverage

Oct 05, 2014 at 18:00 | Source: NDTV Profit

Mumbai: State Bank of India, which is flush with liquidity as large corporates are holding back investments, is focusing on increasing its SME loan book by opening dedicated branches across the country. "Earlier, we had sourcing teams and br...

SBI Reduces Short-Term Deposit Rates

Oct 01, 2014 at 02:00 | Source: NDTV Profit

Mumbai: State Bank of India (SBI) on Tuesday reduced short-term deposit rates by 1 percentage point for amount below Rs 1 crore - the second such move by the country's largest lender this month. In an exchange filing on Tuesday, the banking g...

SBI Hyderabad growth push

Sep 29, 2014 at 07:57 | Source: Calcutta Telegraph News

Calcutta, Sept. 28: The State Bank of Hyderabad expects credit disbursement to grow despite the proposed agricultural debt waiver in Telangana. Managing director Santanu Mukherjee said the Hyderabad-based bank expected majority of the 12 per cent gr...

Parsvnath Leases Office Space in Connaught Place

Sep 29, 2014 at 06:00 | Source: NDTV Profit

New Delhi: Parsvnath Developers has leased about 1.7 lakh sq ft in its office building near Connaught Place to big companies like SBI, Aditya Birla Group and Axis Bank, and expects an annual rental income of around Rs 100 crore from this project ...

SBI Not Likely to Make Aggressive Festival Offers

Sep 28, 2014 at 16:00 | Source: NDTV Profit

Mumbai: A slowdown in credit pick up from corporates may prevent country's largest lender State Bank of India from announcing aggressive festive season offers for loan seekers, a top official has said. "You need to subsidise those of...

Top Five Blue-chip Companies Lose Over Rs 45887 Crore in Market Cap

Sep 28, 2014 at 12:00 | Source: NDTV Profit

New Delhi: Amid weakening stocks, the combined market valuation of top five Sensex companies fell by Rs 45,887.6 crore last week, with RIL and ICICI Bank taking the biggest hit. While TCS, RIL, Infosys, SBI and ICICI Bank saw losses in their market&a...

Court breather for Kingfisher

Sep 28, 2014 at 04:17 | Source: Calcutta Telegraph News

Calcutta, Sept. 27: Kingfisher Airlines has secured a stay from Calcutta High Court on United Bank of India’s decision to declare the airline’s chairman Vijay Mallya and its directors as wilful defaulters. Kingfisher, along with its dire...

SBI Says S&P's Outlook Upgrade Reflects its Inherent Strengths

Sep 27, 2014 at 22:00 | Source: NDTV Profit

Mumbai: State Bank of India (SBI) on Saturday said global rating firm Standard and Poor's decision to upgrade its outlook to 'stable' from 'negative' reflects the government lender's inherent strengths....

S P ups outlook Rating revision linked to real GDP growth

Sep 27, 2014 at 04:22 | Source: Calcutta Telegraph News

New Delhi, Sept. 26: India regained its “stable” outlook from Standard and Poor’s on Friday, more than two years after an embarrassing downgrade, in a validation of Prime Minister Narendra Modi’s ambitious agenda of economic ...

Coal Blocks Cancellation May Push Current Account Deficit Up $700 Million: SBI

Sep 27, 2014 at 04:00 | Source: NDTV Profit

New Delhi: The Supreme Court's decision to cancel coal block allocations may have a "marginal" impact on current account deficit and net burden on the deficit would be an additional $700 million, according to an SBI report. ...

S&P's 'Stable' Outlook for India Spells Better Times Ahead: Analysts

Sep 26, 2014 at 22:00 | Source: NDTV Profit

Mumbai: Welcoming Standard and Poor's (S&P) move to revise India's outlook to 'stable' from 'negative', market experts have said the country is entering into faster than expected growth mode. Co...

State Bank splits stock into 10

Sep 25, 2014 at 04:47 | Source: Calcutta Telegraph News

Mumbai, Sept. 24: The State Bank of India today joined a growing list of companies by announcing a stock split. At a board meeting today, the country’s largest bank decided to sub-divide its share of a face value of Rs 10 each to 10 shares of ...

Coal: Banks with Rs 1 lakh crore exposure sitting on mine of worries

Sep 24, 2014 at 20:47 | Source: Economic Times

NEW DELHI: The mass cancellation of coal blocks by the Supreme Court has sent banks in a jittery mode as they have extended over Rs 1 lakh crore loans to power plants that were fed by these mines. Almost all banks including country's largest lender ...

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