| Lenders may refer STC unit to debt tribunal | 16-NOV-09 |
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| With very little chance of repayment from STCL, a Bangalore-based ailing subsidiary of State Trading Corporation, lenders are exploring an option to drag the company to Debt Recovery Tribunal (DRT) as part of efforts to get back dues. |
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| Top-8 cos add Rs 1 lakh cr in m-cap last week | 15-NOV-09 |
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| The country's most valued firm Reliance Industries (RIL) helped eight of the top-10 Sensex firms add over Rs 1 lakh crore in their market valuation during the last week, while the state-run MMTC and private telecom services provider Bharti Airtel saw value erosion. |
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| Give priority to locals in jobs: MNS to SBI | 15-NOV-09 |
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| Continuing its agitation for the cause of Maharshtrian youth, Raj Thackeray-led Maharasthra Navnirman Sena (MNS) has written a letter to State Bank of India (SBI) for considering locals for its new job openings. |
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| Shyamal Majumdar: When MBAs aspire to become clerks | 12-NOV-09 |
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| The server of State Bank of India (SBI) crashed last year when two million candidates applied for 20,000 clerical posts. The written examination had to be conducted over four shifts as the bank just could not find enough venues where the tests could be held. |
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| First SBI banking outpost comes up in Ganjam | 11-NOV-09 |
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| Chief minister, Naveen Patnaik today opened the first Gram Panchayat Banking Outpost at Sikiri in Orissa’s Ganjam district, set up by the State Bank of India (SBI) in collaboration with the panchayat raj department of the state government. |
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| India Eco Summit: UBI defers plan to cut deposit rates | 09-NOV-09 |
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| State-owned Union Bank of India (UBI) today said there is no immediate plan to cut deposit rates even as leading banks like State Bank of India (SBI) and Punjab National Bank have slashed rates by up to 50 basis points. |
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| Provisioning issues | 09-NOV-09 |
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| The broader indices were in the correction mode in the recent past, but the new RBI provisioning stipulations ensured that banking stocks suffered more. The BSE Sensex lost around 5 per cent in the last fortnight whereas the losses for BSE Bankex were nearly double that figure. |
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| 8% home loan scheme to stay: SBI | 05-NOV-09 |
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| The country’s largest lender, State Bank of India (SBI), today said it has no plans to revise its most popular home loan scheme which charges 8 per cent interest for the first year. |
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| Law to cut SBI stake likely soon | 05-NOV-09 |
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| The government planned to amend a law this year allowing it to reduce holding in State Bank of India (SBI) and let the country’s largest lender raise funds, a finance ministry official said. |
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| Vishal Retail inks CDR pact for Rs 730 crore | 04-NOV-09 |
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| Vishal Retail today said it had signed an agreement with lenders for restructuring the terms of the chain’s Rs 730 crore debt and the process would kickstart within a few days.“The agreement with our lenders has been signed and the corporate debt restructuring (CDR) process will begin within the first half of November,” Group President Ambeek Khemka told PTI. |
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| SBI net rises 28% | 01-NOV-09 |
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| State Bank of India (SBI), the country’s largest lender, today said that its consolidated net profit rose 28.29 per cent to Rs 3,133.16 crore for the quarter-ended September 30 from Rs 2,458.04 crore in the same quarter of the previous year. |
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