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Business News on State Bank of India
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Australia's IAG to up stake in SBI Gen Ins from 26% to 49% 

9.13 am | 26 Mar 2015 |  Source: CNBC-TV18

SBI General Insurance joint venture partner IAG Group will increase its stake in the company from 26 percent to 49 percent, SBI MD VG Kannan told CNBC...

SBI sees loan growth picking up from next year

6.17 pm | 24 Mar 2015 |  Source: Reuters

Most banks have yet to cut their base lending rate, despite a 50 basis point reduction in the key policy rate by the central bank so far this year....

Easing of bad debt-to-equity norms to help fight NPAs: SBI 

8.56 am | 23 Mar 2015 |  Source: CNBC-TV18

The decision of market regulator Securities and Exchange Board of India (Sebi) to allow lenders to convert part or all of their debt into equity in ca...

SBI sells only 130 properties in e-auction of 300 assets 

8.39 am | 17 Mar 2015 |  Source: PTI

SBI had put on block around 300 properties worth Rs 1,200 crore, including offices, shops, factory buildings and residential apartments spread across ...

See CAR improving to 11.1%; base rate cut in Q1FY16: SBI 

10.38 am | 16 Mar 2015 |  Source: CNBC-TV18

There is likelihood of a base rate cut in the first quarter of FY16, said VG Kannan, MD, State Bank of India....

SBI rejects report of scrapping $1 bn loan pact with Adani

9.38 pm | 13 Mar 2015 |  Source: PTI

Earlier in the day, news reports from Singapore citing sources said that SBI was preparing to scrap the loan agreement it had signed with the Adani gr...

SBI to turn down Adani's $1 bn Australian loan request

5.50 pm | 13 Mar 2015 |  Source: Reuters

A preliminary deal struck in November, signed during a visit to Australia by Indian Prime Minister Narendra Modi, caused uproar in India, where opposi...

Listing unlikely in FY16; don't need capital now: SBI Life 

10.36 am | 13 Mar 2015 |  Source: CNBC-TV18

Arijit Basu, MD & CEO, SBI Life Insurance said the growth trajectory of SBI Life is on track and the company is confident of delivering upto 25 percen...

Insurers eye billions of dollars as Parl clears Bill

10.47 pm | 12 Mar 2015 |  Source: PTI

Within minutes of Parliament approving higher foreign investment in insurance sector, a number of insurers including from Bharti, Reliance, Max and SB...

ICICI Bank plans special vertical for NPA recovery

9.13 am | 10 Mar 2015 |  Source: PTI

With bad loans continuing to be a problem, ICICI Bank is reportedly planning to re-start a special vertical to handle such assets....

IDBI Bank to raise Rs 20,000 cr from bond issuance in FY'16

8.49 am | 05 Mar 2015 |  Source: PTI

Talking about decision, IDBI Bank Deputy Managing Director B K Batra said it is an enabling provision and fund would be raised in tranches depending o...

SBI's up to $2.4 bn share sale likely by end Apr: sources

7.31 pm | 04 Mar 2015 |  Source: Reuters

State-run SBI received shareholders approval to raise up to 150 billion rupees last week, as part of its efforts to strengthen its balance sheet on ho...

SBI gets shareholders nod for raising Rs 15K cr from market

6.53 pm | 26 Feb 2015 |  Source: PTI

The general meeting held on Thursday approved "to create, offer, issue and allot, such number of equity shares of Re 1 each, not exceeding Rs 15,000 c...

Expecting reduction in MAT in Budget: ReNew Power’s Sinha 

10.10 am | 20 Feb 2015 |  Source: CNBC-TV18

In last year’s Budget, the government had allotted around Rs 1000 crore for solar power projects...

SBI Composite Index for Feb shows declining momentum in mfg

3.49 pm | 17 Feb 2015 |  Source: PTI

The monthly index has slipped from 52.1 (moderate growth) in January 2015 to 48.3 (low decline) in February 2015....

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