State Bank Of India SBI

All that happened in the markets today

Avoid blanket extension of loan moratorium

Rathin Roy expresses concern on the collateral free lending scheme as not making the cut from a regulations perspective.

The cost to insure against nonpayment by a basket of Indian companies, including Reliance Industries and State Bank of India, dropped by 252 basis points in May and June combined

He also said the banks had been able to absorb the shock due to the moratorium offered to the borrowers in the wake of the Covid-19 outbreak

SBI's MCLR continues to be the lowest in the market

YES Bank got its board's approval to raise Rs 15,000 crore via FPO to shore up its capital base.

The announcement came after YES Bank said it has received approval from the CRC of the Board of Directors of the Bank for raising funds

With this revision, SBI's MCLR upto three-months tenor comes down to 6.65 per cent per annum

At sub-7 per cent, the rates are at their historic low. In 2003 and 2004, it was 7.25 per cent; and in 2011, as high as 11.75 per cent

The government, on May 21, had said it will support creating a SPV that will buy such papers from NBFCs

In early 2019, Reliance Communications, once the flagship company of the Anil Ambani-led Reliance group, had filed for bankruptcy

SBI's SME loan portfolio shrunk by 7.27 per cent to Rs 2.67 trillion in March 2020 from Rs 2.88 trillion in March 2019

The new forensic audit was necessitated after the National Company Law Tribunal (NCLT) cleared a consolidated bankruptcy process of all Lavasa companies.

The new forensic audit was necessitated after the National Company Law Tribunal (NCLT) cleared a consolidated bankruptcy process of all Lavasa companies.

On aggregate basis, gross NPAs of 8 PSBs improve by 132 bps

Boris Johnson announced further relaxations in lockdown enforced due to Covid-19 pandemic

In FY19, lenders had seen a contraction in global loan book after letters of comfort were discontinued

The liquidity situation for non-banking financial companies (NBFCs), which had been facing a crunch on this front for some time now, is improving.

From US entering recession, FM considering corporation tax rate benefit extension to PMLA court ordering seizure of Nirav Modi's assets, here are the top headlines on Tuesday morning