The funds will support the airline’s efforts to expand into both domestic and international markets with leased aircraft and new planes. A part of the borrowing is also likely to be used to fund the voluntary retirement scheme payouts
"DFS infused Rs 8,800 crore into SBI in 2017-18 for credit growth considering it the largest PSB in the country even though there was no demand. DFS did not conduct assessment of the capital requirement as per its own standard practice before recapitalisation," it said.
As per proposed amendments, debt funds having not more than 35 percent investment in equity shares would be taxed as per income tax slab level or may be treated as short-term capital gains.
Canara Bank, in a regulatory filing, said it has received the entire consideration amount equivalent to Rs 121.29 crore on Thursday for the sale of its stake.
Sharekhan is bullish on State Bank of India has recommended buy rating on the stock with a target price of Rs 710 in its research report dated March 22, 2023.
Valuation of Indian banks is looking fairly attractive and in some cases stocks trade below the levels during the height of Covid risk despite the fact that global events, especially in the financial sector, have stirred confidence and increased cost of equity capital, Jefferies noted.
Two officials have been appointed by the State Bank of India exclusively for the counting and depositing cash in the Trust’s bank account
The State Bank of India (SBI) had earlier planned to raise Rs 7000 through Additional Tier-1 bonds
Oberoi Realty seems to be breaking out from a bullish Inverse Head and Shoulders pattern which emerged following a corrective move. The stock has crossed above the 200-DMA (daily moving average) which stands at Rs 876 and this DMA was almost acting as a proxy neckline for this formation.
PB Fintech was also in focus, rising 6.5 percent to Rs 598, the highest closing level since June 27 last year, after consolidation in previous four trading sessions with sustaining above 200-day EMA (Rs 546). The stock has formed long bullish candle on the daily scale with above average volumes.
It has 21 buy calls and zero sell or hold calls, indicating 100 percent optimism on Moneycontrol’s Analyst Call Tracker for February
About 2,113 shares advanced, 1,307 shares declined, while 122 scrips remained unchanged on March 3
SBI, India's largest bank, does not want to permanently retain a stake in Yes Bank and would want to trim its holdings, albeit in phases, one of the sources told Reuters on condition of anonymity.
In a statement, the bank said the loan is of USD 500 million of primary issue and an equal amount in greenshoe option. It is also the maiden such issuance from the nation's largest lender.
While loans to this segment have been growing fast, defaults have thus far been few.
The gross bad loans of scheduled commercial banks reduced to 4.5 percent as of December 31, 2022 from 6.6 percent in the year-ago period
One trigger that unnerved investors was the Hindenburg Research report, flagging the exposure of Indian banks, especially public sector banks, to the Adani Group
Under the FCRA, foreign contributions must be received only in the "FCRA account" of State Bank of India (SBI), New Delhi Main Branch (NDMB).
Overnight MCLR increased to 7.95 percent from 7.85 percent, and one-month and three-month MCLR rose to 8.10 percent from 8.00 percent.
In an exclusive interview with CNBC-TV18, Swaminathan J, MD Corporate Banking and Subsidiaries at SBI said the Adani Group has pledged additional shares in favour of SBICAP Trustee as the group companies are required to maintain 140 percent collateral as per one of the covenants relating to existing loan and hence the top up.
Adani Ports and Special Economic Zone, Adani Transmission Ltd, and Adani Green Energy Ltd pledged shares to SBICAP Trustee Co, the firm said in filings to the Bombay Stock Exchange on Friday.
LKP Research is bullish on State Bank of India has recommended buy rating on the stock with a target price of Rs 663 in its research report dated February 06, 2023.
Sharekhan is bullish on State Bank of India has recommended buy rating on the stock with a target price of Rs 710 in its research report dated February 03, 2023.
Sources with the State Bank of India (SBI) said that they have not seen any default by Adani Group in the past