State Bank of Hyderabad has launched retail sale of pure gold coins at its headoffice here. These would be available in 2, 4 and 8 gram with pictures of Goddess Lakhmi, Lord Ganesha and Charminar. The coins would be sold across the branches of SBH. Managing director Renu Challu said on Wednesday that the bank was targeting to sell 35 kg gold during this festival season.
MFI exposure
SBH has an exposure of Rs 60 crore. She said SBH will be "more conservative before lending to MFIs henceforth." She said the bank would wait for further clarity on the MFI issue. There is no request from any MFI for a moratorium on the repayment of the loans taken. Also, there was no problem with the recovery, she said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app