State Bank

Mcap of five of top 10 valued firms climbs Rs 88,605 crore; State Bank, ICICI Bank biggest gainers

In the top-10 ranking, Reliance Industries retained the tag of the most-valued firm followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, State Bank of India, HDFC, ITC and Bharti Airtel.

State Bank Q4 Net Profit seen up 65.9% YoY to Rs. 10,700.2 cr: Motilal Oswal

Net Interest Income (NII) is expected to increase by 17.5 percent Y-o-Y (up 3.7 percent Q-o-Q) to Rs. 31,813.5 crore, according to Motilal Oswal.

State Bank Q2 Net Profit seen up 45% YoY to Rs. 6,632.4 cr: Motilal Oswal

Net Interest Income (NII) is expected to increase by 2.7 percent Y-o-Y (up 4.7 percent Q-o-Q) to Rs. 28,945.4 crore, according to Motilal Oswal.

State Bank Q1 Net Profit seen up 39.1% YoY to Rs. 5,829.2 cr: Motilal Oswal

Net Interest Income (NII) is expected to increase by 7.9 percent Y-o-Y (up 6.2 percent Q-o-Q) to Rs. 28,752.2 crore, according to Motilal Oswal.

SBI chief says mergers can reduce PSBs' need for govt capital

The statement comes after SBI merged all its five subsidiaries and Bharatiya Mahila Bank, which resulted in a massive spike in its provisions and bad loans ratio that touched double digits in the first consolidated results announced earlier this month, though this led to the creation of the 45th largest bank in the world.

Saving deposit rate cuts to lead to lower lending rates: Report

The nation's largest lender, State Bank had on July 31 slashed the pricing for under Rs 1 crore saving deposits by 0.50 per cent to 3.5 per cent.

Rates slashed, but consider these factors while taking home loan

Interest rate is one of the factors, and probably the most important one, while taking a loan. However, there are other things that are important to consider.

Dena Bank lowers lending rate by 5 bps to 9.40%

Under the revised rates, the one-year MCLR has been fixed at 9.40 per cent while the most competitive overnight MCLR is 9.15 per cent, the Ahmedabad-based bank said in a statement. The revised rates will be applicable from today.

Are payment banks threat or allies to regular banks?

Raghuram Rajan said payment banks could be allies to regular banks in reaching banking to remote areas where there can be no branches, SBI chief Arundhati Bhattacharya thought they could intensify competition to the deposits sphere and eat into their margins.

Payment banks: How it will revolutionise money movement?

Eleven private parties were given licences to set up "payment banks" - banks which can do everything a regular bank can do - take deposits, pay bills, issue cheques and drafts.

India prepares to pay $1.4 bn Iran oil dues: Sources

The landmark nuclear deal between Iran and six major world powers was struck on July 14 and sanctions could begin to be removed later this year if UN inspectors confirm Tehran is complying with its provisions.

Reviving PSU banks: Time for Jaitley to act now

Between them, Pranab Mukherjee and P Chidambaram have left behind a huge time-bomb for Jaitley to defuse, and so far he is showing no signs of being on top of the problem. The high-growth years of UPA were bankrolled by excessive, injudicious lending by banks, and Jaitley is facing the music now.

Chakrabarty lambasts ARCs for killing own business

Senior-most Reserve Bank deputy governor K C Chakrabarty has blasted asset reconstruction companies (ARCs) for being "non-transparent" and squarely blamed them for the failure of the mechanism.

Top bankers hail work of outgoing RBI chief Subbarao

Subbarao demits office on September 4, after being at the helm for five years that saw the beginning of the global recession from which it is yet to recover. Within a fortnight of him assuming office, global investment bank Lehman Brothers filed for bankruptcy and the hit pulled the global banking system down to an unprecedented credit crisis.

Sensex, Nifty end weak; Tata Power, Tata Steel, SBI up 4-8%

Technology, auto, FMCG stocks dragged during the day while oil & gas, metals and realty stocks were on buyers' list today.

Unlikely to be at SBI's next annual general meet: Chaudhuri

State Bank of India Chairman, Pratip Chaudhuri said that he was unlikely to be a part of the bank's next annual general meeting.

SBI objects to Paramount's revival plan over dues

State Bank has written to aviation regulator DGCA expressing concern over the grounded Paramount Airways‘ plans to re-launch the carrier, saying it has been in default for long.

KFA lenders want Mallya to make fresh revival plan by Sept

The meeting of Kingfisher Airlines' lenders here today remained inconclusive as banks have sought more details from the management on the revival plan by September, when they will meet again.

Keep EMIs affordable, cut interest rates: Chidu to banks

In a bid to revive investment across the board, Finance Minister P Chidambaram today asked banks to cut interest rates and keep EMIs at affordable levels to encourage sale of consumer durables that will restart the engine of manufacturing.

SBI expects 50 bps cut in CRR, no change in lending rate

India's largest lender State Bank today said it expects Reserve Bank to lower the mandatory cash reserve requirement of banks or CRR by 50 basis points on July 31 but sees no reduction in the key short-term lending rate.