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Business News on State Bank of India
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May cut interest rates before next RBI policy: BoB 

1.08 pm | 04 Aug 2015 |  Source: CNBC-TV18

In the third bi-monthly monetary policy meet today, RBI Governor Raghuram Rajan said banks have merely lowered lending rates by a fraction....

Govt seeks Parl nod to infuse Rs 12010 cr into PSU banks 

1.00 pm | 31 Jul 2015 |  Source: CNBC-TV18

The government needs to resolve some of the governance and HR related issues, like the segregation of the chairman and managing director’s positions...

Bank results indicating asset quality stability: RBI

9.23 pm | 29 Jul 2015 |  Source: PTI

Reserve Bank Deputy Governor S S Mundra on Wednesday said initial trends from banks' first quarter results indicate some stability on asset quality. ...

Economic growth can end banks' NPLs in next 3 yrs: Experts 

9.27 pm | 23 Jul 2015 |  Source: CNBC-TV18

Dr Charan Singh, Professor of economics, IIM Bangalore and Mr Sharad Sharma, Managing Director, State Bank of Mysore talk about resolving the worry fo...

Banks opt for offbeat tactics to tackle $49 bn of bad debts

8.11 am | 23 Jul 2015 |  Source: Reuters

Under pressure to do more to cut a USD 49 billion mountain of bad debt, India's state-owned banks are reversing years of lax recovery efforts, naming ...

NRIs can invest in NPS: PFRDA

4.40 pm | 22 Jul 2015 |  Source: PTI

"There was some ambiguity about whether to add NPS as eligible investment by NRI. So, we took up the matter with RBI and very recently they have given...

Adani Ports begins bookbuilding for debut dollar bond

10.53 am | 22 Jul 2015 |  Source: Reuters

Adani Ports and Special Economic Zone is marketing a five-year US dollar bond to yield around 210bp over US Treasuries....

Narayana Murthy's Catamaran invests in payment co Innoviti

9.52 pm | 20 Jul 2015 |  Source: PTI

The proceeds of the second round of funding will be used to expand Innoviti's business of real-time distribution of credit to small and medium enterpr...

Federal Bank Q1 shows steel loans a ticking bomb for banks

1.17 pm | 20 Jul 2015 |  Source: Moneycontrol.com

Indian banks have a total loan exposure of Rs 2.77 lakh crore to the steel sector. Of this, eight projects account for 54 percent of the loan book, an...

SBI plans to offer 3% profit to staff

2.36 pm | 17 Jul 2015 |  Source: PTI

State Bank of India (SBI) on Friday said it plans to offer up to 3 percent of annual profit to employees as part a talent retention and motivation ini...

SBI sees no rate cut by RBI on August 4

2.30 pm | 17 Jul 2015 |  Source: PTI

While retail inflation in June rose to an 8-month high of 5.4 percent, the overall Wholesale Price Index (WPI) based inflation was (-)2.4 percent in t...

ARC sales one of the options to recover loans: SBI 

10.43 am | 17 Jul 2015 |  Source: CNBC-TV18

Rajnish Kumar, MD of SBI, says the 5:25 scheme can also help reduce stress on banks. The 5:25 scheme allows banks to extend loans for a longer period ...

Tata Motors to raise Rs 4,400 cr via NCDs this fiscal 

10.15 pm | 16 Jul 2015 |  Source: PTI

Auto major Tata Motors has proposed to raise Rs 4,400 crore from Non-Convertible Debentures (NCDs) during the current fiscal to meet its expansion pla...

E-tailing biggies rope in NBFCs to woo sellers with loans

9.13 am | 13 Jul 2015 |  Source: PTI

Several new-age non-banking finance companies (NBFCs) like Capital Float, NeoGrowth and Capital First, as well as online finance companies such as Len...

Bank of Baroda cuts lending rate by 0.1%

8.01 pm | 09 Jul 2015 |  Source: PTI

The state-run bank slashed the base rate by 10 basis points to 9.90 percent from 10 percent and Benchmark Prime Lending Rate (BPLR) was also reduced b...

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