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Business News on State Bank of India
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Bhushan Steel remains a 'standard asset': United Bank 

12.12 pm | 19 Aug 2014 |  Source: CNBC-TV18

United Bank is part of the consortium of lenders to Bhushan Steel but is not a part of any additional lending to the company, said Deepak Narang, ED, ...

Highly positive says auditor on Kingfisher siphoning funds

11.05 am | 14 Aug 2014 |  Source: Moneycontrol.com

According to a report in DNA, which quoted the finance ministry, the Rs 336 crore loan sanctioned by Union Bank of India (UBI) was withdrawn and depos...

Kingfisher Airlines en route to be tagged wilful defaulter

9.21 am | 13 Aug 2014 |  Source: Moneycontrol.com

Once a company is declared wilful defaulter, criminal proceedings can be initiated against promoters and directors of the company. Besides, it would n...

CBI investigates IDBI Bank loan to Kingfisher Airlines 

3.26 pm | 09 Aug 2014 |  Source: Moneycontrol.com

The CBI has registered a preliminary enquiry registered against IDBI Bank for sanctioning a loan to debt-laden Kingfisher Airlines. The investigating ...

SBI wants external agency to run Bhushan Steel

10.25 am | 09 Aug 2014 |  Source: PTI

Bhattacharya said the bank has an exposure of Rs 6,000 crore to the steel-maker which is a standard asset at present. The company is embroiled in a co...

India's top 100 brands valued at USD 92.6bn; Tatas top list

9.22 pm | 06 Aug 2014 |  Source: CNBC-TV18

The brand value of Tata Group rose by USD 3 billion to 21 billion dollars, an increase of 16 percent, primarily led by its flagship company TCS. HCL T...

SLR cut unlikely to help unless credit growth picks up: SBI 

2.14 pm | 05 Aug 2014 |  Source: CNBC-TV18

In the bi-monthly monetary announcement today, the RBI kept its key policy repo rate unchanged as widely expected, but warned about inflationary risks...

Top-nine firms lose Rs 74,193 cr from market valuation

7.51 pm | 03 Aug 2014 |  Source: PTI

Barring ICICI Bank, rest nine companies, includingTCS, ONGC, RIL, ITC and Coal India suffered losses. The market-capitalisation of TCS plunged Rs 17,3...

Funds needed for SBI merger with subsidiaries: MD

4.40 pm | 02 Aug 2014 |  Source: PTI

The Finance Ministry had recently said they have appointed SBI Capital Markets to undertake a study on mergers as well as recapitalisation of state-ow...

HDFC group says yet to consider merger plan 

10.09 pm | 21 Jul 2014 |  Source: PTI

"Both the companies' boards have not considered it and at the appropriate time if it is necessary and beneficial to both share-holders, if it is a win...

If merged, HDFC-HDFC Bank to be 2nd largest after SBI: IDFC 

10.12 am | 21 Jul 2014 |  Source: CNBC-TV18

IDFC has an outperform rating on HDFC Bank as it expects the lender to continue posting healthy earnings going ahead....

Set to grow faster, won't sacrifice profitability:ICICI

1.08 pm | 20 Jul 2014 |  Source: PTI

Asked by when ICICI Bank would become India's biggest bank, Chanda Kochhar said she would not chase a number, and would rather prefer keep moving in t...

Draft Cab note for govt stake dilution in SBI next month

6.48 pm | 19 Jul 2014 |  Source: PTI

The Department is currently assessing the capital requirement of all public sector banks and likely to finalise the time schedule in one month, he sai...

Flexi loan pricing to ease infra financing stress: Bankers 

11.47 am | 16 Jul 2014 |  Source: CNBC-TV18

RBI's new norms on long-term bond issues by banks will benefit infra companies and affordable-housing projects raise long-term funds at a reasonable c...

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