Banks, led by SBI, say Jet Airways’ new buyers — Dubai-based businessman Murari Lal Jalan and Florian Fritsch, chairman of London-based Kalrock Capital Management Ltd. — should pay an additional Rs 250 crore ($30.1 million) into the retirement kitty, the people said
While the strategists believes that the State Bank of India remains the best state-owned bank, they see potential for notably higher stock returns in Bank of India and Bank of Baroda due to much cheaper valuations.
The country's largest bank marked the last Rs 1 trillion growth in 12 months
Personal Banking advances mainly comprise personal loans, pension loans, auto loans, education loans, gold loans, and other Personal loan products, the statement said.
This is the third successive month that electoral bonds are going on sale, which also comes a day ahead of a Supreme Court hearing challenges to electoral bond scheme
The founder of Marcellus Investment Managers shuns stocks where the return on equity is consistently below the cost of equity.
On November 24, the SBI's Executive committee of the Central Board consider raising funds through the issuance of infrastructure bonds worth up to Rs 10,000 crore during FY23.
For the first time, SBI registered the highest-ever profits recorded by any corporate house, Khara said. ”In the recent quarterly results, the bank’s profits are the highest ever. SBI crossed the highest ever profits recorded by any corporate and analysts and broking houses are praising this,” he said.
Speaking at an economics conclave organised by SBI, Khara also exuded confidence that the country's banking system will be able to maintain its high loan growth as banks have internalised learnings from the last high growth cycle.
CNBC-TV18's Shereen Bhan spoke to the panellists at the event about the road ahead for the Indian economy.
Khara said learnings from the last cycle of high loan growth which ultimately led to a huge spurt in sour loans have been internalised by the banking system.
The proposed IPO comprises a fresh issue of equity shares worth up to Rs 750 crore by Yatra India and an offer for sale (OFS) of up to 9,328,358 equity shares, according to the draft red herring prospectus (DRHP).
The long-term loan, under the Indo-German solar partnership, will facilitate new and upcoming capacities in the solar sector
In this edition of Market Minutes, N Mahalakshmi talks about the impact of potential change in weightage for HDFC Bank in the MSCI index and how the stock is poised fundamentally compared with rivals ICICI Bank and SBI. Market Minutes is a morning podcast that tracks the risk-reward in stock markets by putting the spotlight on keys data points and developing trends
BoM and SBI were in the lowest quartile as far as gross non-performing assets (NPAs) and net NPAs were concerned, according to an analysis of the quarterly financial numbers published by public sector lenders.
Growth in lending means the bank will need capital, which analysts say is the next stage that is critical for a rerating of the stock.
Every USD 10 increase in crude prices impacts the Current Account Deficit (CAD) to the tune of 40 basis points while the same on fuel inflation is 50 bps and also results in 23 bps decline in growth, according to Soumyakanti Ghosh, the chief economic advisor at SBI.
Liquidity crunch is primarily because the Reserve Bank has been sucking out funds from the system as it fights to tame inflation which has been much above its band of 4 per cent for the past 10 months of the year.
The stock rose 3.44 per cent to settle at Rs 614.20 apiece on the BSE. On the NSE, it climbed 3.34 per cent to finish at Rs 613.80 apiece. In volume terms, 16.79 lakh shares were traded on the BSE and over 4.42 crore shares on the NSE during the day.
The credit growth during the quarter was remarkable, beating even some of the top private banks. The largest lender of the country said the loan growth of over 20 percent year-on-year lifted core interest income and also operating profit growth.
SBI recorded stellar earnings growth in the September quarter and Santo is rejoicing in the elephant's party but CJ feels there is a better party in town at SBI's cousin. Watch as the duo debate the outlook for SBI plus share their top brokerage bets for the day.
There is no Indian company other than Reliance in the top 100.
The country's largest lender is seeing demand from infrastructure, renewable power, oil and marketing companies and services sectors, he added
The largest Indian lender's net interest income rose 12.83 percent and gross bad loan ratio fell to a decade low of 3.52 percent for the September quarter.
State Bank of India's net interest income will likely show a modest 6 percent growth but lower provisions can push net profit up 39 percent, analysts say