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  • Bankers bet on normalcy returning in month, flag sectors in pain

    Arun Tiwari, CMD, Union Bank of India said confidence of getting cash whenever needed will return back for people in a month or so. He said RBI is now in a better position to supply currency.

  • Why State Bank of Travancore director is objecting to SBI merger

    Why State Bank of Travancore director is objecting to SBI merger

    Sajen Peter, an independent director of State Bank of Travancore and a former additional chief secretary to the Kerala government, has objected to the way the bank's merger with parent State Bank of India being done.

  • NPA of consolidated book may be 50 bps higher post merger: SBI

    NPA of consolidated book may be 50 bps higher post merger: SBI

    Larger gains from the merger of associate banks will be seen only over 1-2 years, B Sriram, MD and Group Executive- National Banking at State Bank of India.

  • Merger to reduce duplication, to be complete by March 2017: SBI

    Merger to reduce duplication, to be complete by March 2017: SBI

    The bank will now start working on a merger process which will be completed by March 2017, says VG Kannan, Managing Director & Group Executive, SBI.

  • Provisioning coverage ratio up, certain accounts a worry:SBT

    Provisioning coverage ratio up, certain accounts a worry:SBT

    The bank's slippages in Q4 of the last fiscal year stood at Rs 1800 crore, says Jeevandas Narayan, MD, State Bank of Travancore.

  • Focusing on high-yield retail loans: State Bank of Travancore

    Focusing on high-yield retail loans: State Bank of Travancore

    State Bank of Travancore (SBT) on Monday reported a 23 percent increase in its net profit at Rs 91.47 crore for the December quarter on account of higher income from operations.

  • See better asset quality in H2: State Bank of Travancore

    See better asset quality in H2: State Bank of Travancore

    The bank's slippages in the second quarter stood at Rs 775 crore, while it sold loans worth Rs 750 crore to Asset Reconstruction Companies (ARCs). Recoveries or upgrades for the period under review stood at Rs 520 crore

  • State Bank of Travancore cuts base rate by 20 bps to 9.95%

    State Bank of Travancore cuts base rate by 20 bps to 9.95%

    The bank has cut its base rate from 10.15 percent to 9.95 percent effective October 5, 2015

  • UCO Bank cuts base rate by 25 bps to 9.70%

    UCO Bank cuts base rate by 25 bps to 9.70%

    Other than UCO Bank, State Bank of India, Bank of India, Andhra Bank and State Bank Of Travancore have also cut their base rates.

  • Aiming for sub 3% non performing loans in FY16: SBT

    Aiming for sub 3% non performing loans in FY16: SBT

    In an interview with CNBC-TV18, managing director of State Bank of Travancore, Jeevandas Narayan said the slippages are expected to reduce in the coming quarters.

  • Will lower NPLs in FY16: State Bank of Travancore

    Will lower NPLs in FY16: State Bank of Travancore

    The net profit for State Bank of Travancore in Q4 is at Rs 192 crore v/s Rs 48.6 crore on year on year basis and the net interest income for Q4 is at Rs 581crore against Rs 615 crore on year on year basis.

  • Banks may look at cutting lending rates from April: BoI

    Banks may look at cutting lending rates from April: BoI

    State Bank of Travancore has set the market abuzz by cutting base rates by 10 bps to 10.15 percent. In an interview to CNBC-TV18, VR Iyer, CMD of Bank of India, talks about the bank‘s outlook on rate cuts.

  • New RBI home loan norm to benefit small borrowers: Repco

    New RBI home loan norm to benefit small borrowers: Repco

    V Raghu, ED at Repco Home Finance says borrowers who found it difficult to bring down down-payment will benefit from this move.

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