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Business News on State Bank of India
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SBI to offload up to Rs 4,000 cr bad loans to ARCs

10.36 pm | 06 Apr 2014 |  Source: PTI

SBI has total bad assets of Rs 67,799 crore. It had reported 5.73 percent of its assets as bad loans in the October-December quarter....

State Bank of India to hold home loan rates

10.16 am | 06 Apr 2014 |  Source: PTI

A lowering of borrowing limit is likely to translate into increase in cost of funds for the banks....

Competition Commission rejects complaint against SBI

6.32 pm | 03 Apr 2014 |  Source: PTI

A complaint filed with CCI had alleged that SBI was abusing its dominant position by not informing car loan borrowers in advance about papers required...

Federal Bank recovers Rs 10 cr dues from Kingfisher Air

7.55 pm | 25 Mar 2014 |  Source: PTI

The consortium of 17 banks, led by State Bank of India, has an outstanding debt of about Rs 7,000 crore from Vijay Mallya's now-grounded Kingfisher Ai...

Bad loans worth Rs 42k cr offered for sale this year: ARCIL 

4.02 pm | 20 Mar 2014 |  Source: CNBC-TV18

ARCIL indicates that around Rs 42,000 crore of bad loans have been put up for sale in FY14, nearly 4 times the amount put in FY13....

Expect restructuring to pick up in Q4: SBI 

11.25 am | 19 Mar 2014 |  Source: CNBC-TV18

Soundara Kumar of State Bank of India informed that the group has concluded sales of 1-2 bad loans to ARCs. There are around 14 ARCs functioning today...

SBI pays Rs 1456 cr advance tax for March quarter

2.54 pm | 18 Mar 2014 |  Source: PTI

Advance tax payouts is a system of staggered payments of income tax dues spread over four quarters. It is generally considered as a barometer of a com...

SBI to sell around Rs 5000cr non-performing assets to ARCs

9.22 am | 18 Mar 2014 |  Source: PTI

For the first time in its over two centuries of history, State Bank of India (SBI) is going all out to stem the rot by offloading around Rs 5,000 cror...

PSU bank recapitalisation: Golden share an option for govt

9.01 am | 18 Mar 2014 |  Source: Moneycontrol.com

In a golden share arrangement, the government can hold less than 51 percent in state-owned banks, but still retain control as it has the power to veto...

SBI Life to appeal against IRDA's Rs 275cr refund order 

12.13 pm | 12 Mar 2014 |  Source: CNBC-TV18

SBI Life, the life-insurance arm of State Bank of India, will contest a Rs 275-crore refund order that the Insurance Regulatory and Development Author...

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