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State Bank of India

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Business News on State Bank of India
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Jindal brothers sign $976 million power deal 

8.20 am | 04 May 2016 |  Source: Reuters

Jindal Steel said the deal, to be completed by mid-2018, would help it meet its liabilities while JSW gained a foothold in coal-rich eastern India thr...

Top 50 defaulters of PSBs had exposure of Rs 1.21 lakh cr

5.02 pm | 03 May 2016 |  Source: PTI

The top 50 defaulters of public sector banks had an exposure of Rs 1.21 lakh crore as on December 2015....

'Conditions coming together' to resolve NPA crisis: SBI chair 

4.00 pm | 03 May 2016 |  Source: CNBC-TV18

In an interview with CNBC, SBI Chairperson Arundhati Bhattacharya talked about bank NPAs, how the Indian banking sector needs to be restructured and w...

SBI, other PSBs yet to raise funds of Rs 22,257 cr from mkts

9.12 am | 02 May 2016 |  Source: PTI

The total amount of funds yet to be raised by the state-run banks to shore up their capital requirements stands at Rs 22,257 crore, Finance Ministry s...

Suzlon arm AERH redeems bonds worth $590.4 mn

1.40 pm | 30 Apr 2016 |  Source: PTI

The bonds were backed by SBLC (standby letter of credit) from various lenders including State Bank of India (SBI)....

Low oil prices may help cos improve performance: SBI report

8.02 pm | 20 Apr 2016 |  Source: PTI

"The good thing is that Mudra has been a beneficiary of credit growth. Low oil and commodity prices are likely to help companies post better Q4FY16 nu...

SBI asked to make provisions on food grain loans to Punjab state

3.08 pm | 18 Apr 2016 |  Source: Reuters

Local media had earlier reported about the discrepancy in food grain stockpiles in warehouses in Punjab purchased through bank loans from several stat...

Merger of associate banks not on table this year:SBI 

1.23 pm | 18 Apr 2016 |  Source: CNBC-TV18

Management of non-performing assets and credit growth has to happen simultaneously and the bank is looking at resolving the same by either rectificati...

Shipping sector push won't get banks out of choppy waters: SBI

9.50 am | 15 Apr 2016 |  Source: PTI

"Asset quality issues are issues of the past. They are legacy issues. Whether they will turnaround immediately, I don't really think so, not in the sh...

Morpho's India arm wins largest EMV deal from SBI

8.50 am | 08 Apr 2016 |  Source: PTI

The deal comprises end-to-end production, supply and personalisation services of Visa, MasterCard and RuPay branded EMV debit cards along with Persona...

SBI cuts home loan interest rate to 9.45%

9.20 pm | 07 Apr 2016 |  Source: PTI

The lending rates of other banks may also fall soon with the Marginal Cost of Funds based Lending Rate (MCLR) system coming into force with effect fro...

Nita Ambani Most Powerful Businesswoman in Asia: Forbes

12.36 pm | 07 Apr 2016 |  Source: PTI

SBI Chairman and Managing Director Arundhati Bhattacharya has been ranked second on the 2016 'Asia's 50 Power Businesswomen' list that features trail...

UCO Bank revises lending rates based on marginal cost

8.04 am | 04 Apr 2016 |  Source: PTI

For one year loan, the interest rate will be 9.55 percent while for two years it is going to be 9.65 percent, UCO Bank said in a BSE filing....

Debt-heavy Jaypee says still able to service loans

3.02 pm | 02 Apr 2016 |  Source: Reuters

The real-estate-to-road group, best-known as the builder of India's Formula One racing track, had debts of around 670 billion rupees (USD 10 billion) ...

Consumer loans become cheaper as banks adopt new rate formula

7.48 pm | 01 Apr 2016 |  Source: PTI

A number of banks, including ICICI Bank, Bank of India, IDBI Bank Friday joined their peers like SBI, HDFC Bank and Axis Bank to make a shift to lendi...

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