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Business News on State Bank of India
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SBI new home loan offers 3-5 yrs interest moratorium to NewGen

9.40 am | 02 Feb 2016 |  Source: PTI

With the "FlexiPay Home Loan", the bank seeks to boost its home finance portfolio by wooing young borrowers, offering them an interest moratorium for ...

SBI launches new home loan scheme for working executives

8.24 pm | 01 Feb 2016 |  Source: PTI

Under the scheme, 'SBI FlexiPay Home Loan', the additional loan amount will help such professionals in acquiring better and spacious living spaces for...

SBI Life eyes 30-35% growth over next 3 years

9.18 am | 01 Feb 2016 |  Source: PTI

The company is also expecting 40 percent rise in new business premium this financial year, SBI Life Managing Director and CEO Arijit Basu told PTI her...

Arundhati Bhattacharya appointed chairperson of IIM Sambalpur

3.44 pm | 26 Jan 2016 |  Source: PTI

Arundhati Bhattacharya has been named the chairperson of Indian Institute of Management (IIM), Sambalpur for the next five years starting January 15.A...

Precision allots shares worth Rs 123 cr to anchor investors

2.41 pm | 26 Jan 2016 |  Source: PTI

The company allotted a total of 66.16 lakh equity shares to the anchor investors, at a price of Rs 186 each (including a share premium of Rs 176 per s...

Tata Power Renewable Energy raises Rs 425 crore via NCDs

1.26 pm | 23 Jan 2016 |  Source: PTI

"Tata Power Renewable Energy Limited (TPREL), a 100 per cent subsidiary of the company, has issued and allotted guaranteed, unsecured, non-cumulative,...

Mallya, UBHL contest 'wilful defaulters' tag in Delhi HC 

4.52 pm | 22 Jan 2016 |  Source: CNBC-TV18

Vijay Mallya and the United Breweries Holdings Limited have moved the Delhi High Court against being declared ‘willful defaulters’. ...

SBI seeks shareholder approval to raise Rs 15000 cr

8.21 pm | 21 Jan 2016 |  Source: CNBC-TV18

SBI plans to raise this money via a rights issue as well as through qualified institutional placement (QIP) and follow on public offer (FPO). ...

SBI to raise up to Rs 15,000 crore by March 2017

9.05 pm | 15 Jan 2016 |  Source: PTI

The fund raised will help the bank to meet global risk norms, Basel III, which will kick in from March 2019...

SBI partners Snapdeal to offer loans to e-commerce sellers

8.45 pm | 15 Jan 2016 |  Source: PTI

"The e-commerce growth has created a new ecosystem enabling more than 5 lakh sellers to sell product on digital platform. It has also opened up opport...

RBI's deadline to clean up bad loans may hit banks profit: SBI

8.00 pm | 15 Jan 2016 |  Source: PTI

"Because the regulator has given this call that you need to clean up everything by March 2017, there is some kind of a apprehension that if it is all ...

Smaller towns driving ICICI's home loans,book crosses Rs 1 tln

6.32 pm | 14 Jan 2016 |  Source: PTI

ED Rajiv Sabharwal told reporters in a concall that the bank has always been serving the tier 2 and 3 towns, but there have been concerted efforts on ...

SBI enters into wealth mgmt space; opens branch for start-ups 

3.54 pm | 14 Jan 2016 |  Source: PTI

The wealth management offering 'SBI Exclusif' and the start-up branch - 'SBI InCube' were rolled out in Bengaluru today. 'SBI Exclusif' will offer man...

Tata Power raises Rs 500 cr through debentures issue

10.24 pm | 12 Jan 2016 |  Source: PTI

"The Company has successfully issued and allotted 5000 unsecured, non-cumulative, redeemable, taxable, listed, rated Non-Convertible Debentures (NCDs)...

Arcil set to take over Abhijeet Group's Jharkhand power unit

1.01 pm | 09 Jan 2016 |  Source: PTI

The Abhijeet Group was setting up an 1100 MW coal-based power plant, Corporate Power, in Jharkhand, but could not complete it and also failed to servi...

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