India's largest bank stands out because of its sheer size and better operating performance among PSBs
Earlier, credit card users were able to avail a 0.75 percent discount while buying fuel at petrol pumps.
Given the brand's consistent performance on similar charts, Tata beating out competitors comes as no surprise
Several images of the report pointed at deficiencies spanning SBI’s operations -- from management quality to overall functioning of the bank -- as documented by RBI
On the asset quality front, slippages to non-performing assets (NPA) was contained at Rs 7,500 crore, which was encouraging
The upcoming results of state elections in December and general elections in 2019 will give enough entry points for investors as markets are likely to remain volatile, suggest experts
At the AGM, the company passed a resolution to raise capital through rights issue worth about Rs 4,500 crore, approach NCLT for asset sale resolution and get liquidity to repay debtors
Consumer loans are growing at a good pace but corporate credit growth is still muted, said Rajnish Kumar, Chairman, SBI.
The bank has been facing criticism for raking in a windfall profit of over Rs 1,771 crore between April and November 2017 from customers in penalty for non-maintenance of monthly average balances in their savings accounts
The SBI, after a gap of six years, had reintroduced the monthly average balance (MAB) charges from April 1, 2017.
These JLGs operate in Purulia, West Midnapore, East Midnapore, Burdwan and North 24 Parganas districts of West Bengal.
For the last few quarters the bank has been focusing on building up provision coverage ratio, said Anshula Kant, DMD & CFO, State Bank of India.
The banking industry is not out of woods in terms of stress yet and so would be keenly watched quarter on quarter, said PK Gupta, MD, SBI.
In an interview to CNBC-TV18, Rajnish Kumar, Chairman of State Bank of India shared his views and readings on the bankruptcy code change.
In India, it said the consumption pattern of the people has been continuously changing with the change in their livelihood, mostly in rural areas.
The 25 basis points cut will further translate in marginal cost-based lending rates (MCLR) advantage going forward, said PK Gupta, MD, State Bank of India.
SBI, which accounts for more than a fifth of India's banking assets, will lower the 1-year MCLR to 7.95 percent from 8 percent, according to a notification on Tuesday.
The cabinet has cleared a mega Rs 2.11 lakh crore bank recapitalisation plan, of this Rs 1.35 lakh crores will come via special bonds while the rest will come in via budgetary and market support. In an interview to CNBC-TV18, Rajnish Kumar, Chairman, State Bank of India shared his views and outlook on the same.
In an interview to CNBC-TV18, Arvind Sanger, Managing Partner of Geosphere Capital Management spoke at length about the mega recapitalisation plan and shared his views public sector undertaking (PSU) banks.
Farm mechanisation is essential for sustaining agricultural growth especially in the context of diminishing agricultural labour. However, large communities of small and marginal farmers are still not in a position to take full benefit of farm mechanisation because of lack of awareness, low availability of finance, fragmented land holding etc.
Two of the most recent developments in the Indian micro, small and medium enterprises (MSME) sector have been the rise of franchise model of businesses and the e-commerce industry.
The 15,000-sqft centre will have 40 dedicated zones for each technology like blockchain, artificial intelligence and machine learning, among others.