Page 29 - Sbi

SBI to sign 200 mn euro LoC with EIB to support climate action projects

State Bank of India (SBI) on Thursday said it will sign a 200 million euro (about Rs 1,800 crore) Line of Credit (LoC) with the European Investment Bank (EIB) for supporting climate action projects in the country. The agreement will be signed on December 21 at the bank's IFSC Gift City Branch in Ahmedabad, SBI said in a regulatory filing. The loan document will become operational, subject to necessary approvals, it said. Earlier this month, SBI signed a 70 million euro (about Rs 630 crore) LoC with German Development Bank KfW for promoting solar projects in the country. The LoC is aimed at supporting Solar Photovoltaics (PV) projects in India.

SBI m-cap nears Rs 6 trillion as stock hits new peak; surges 17% in 1 month

MOFSL estimates PSBs to sustain ongoing earnings traction, aided by improved loan growth, margin stability, and controlled credit costs

Hoping for reduction of rates from middle of FY25: SBI Chairman Khara

Khara also says, in an interview with Manojit Saha, the bank has a plan to plough back a significant part of its profit this financial year, and that would increase capital adequacy ratio by 140 bps

SBI slows down unsecured retail loans, to focus on healthy growth

Chairman Khara says corporate loan sanction pipeline is at Rs 4.7 trn

Ladli behna scheme lifts women's spending by Rs 9,302 each: SBI report

According to the research, which looked at the data of at least 4 million of the LBS beneficiaries, around 94 per cent women covered are in the age group of above 25 years

56% to shut bank lockers due to rising rentals, KYC requirement: Survey

Under the RBI guidelines for banks, revised locker agreements, defining responsibilities and liabilities, must be signed and submitted to the bank branch by account holders before December 31, 2023.

SBI hits new high after a gap of 1 year; stock surges 5% in 3 days

State Bank of India, on Wednesday, said it will be signing EURO 70 million Line of Credit with KfW (German Development Bank) for supporting Solar PV projects in India

Stocks to Watch: PVR Inox, Hero Moto, Jupiter Wagon, Texrail, eYantra, Ami

Stocks to Watch on December 15, 2023: eYantra has received a staffing service order worth $900,000 from Nvidia; Plenty Pvt Group & Multiples Pvt Group may sell 2.3% stake in PVR Inox

Stocks to Watch: IRCTC, Fusion, Ultratech, Uno Minda, NBCC, SBI, RBL Bank

Stocks to Watch on December 14, 2023: IRCTC is eyeing a major expansion in the non-railway catering business

SBI to sign Rs 630 crore LoC with Germany's KfW for solar projects

State Bank of India (SBI) on Wednesday said it will sign 70 million euro (about Rs 630 crore) Line of Credit (LoC) with German Development Bank KfW for promoting solar project in the country. The agreement will be signed on December 14 at the bank's IFSC Gift City Branch in Ahmedabad, SBI said in a regulatory filing. The LoC is aimed at supporting Solar Photovoltaics (PV) projects in India, it said. The country's largest lender SBI reported a 9.13 per cent growth in consolidated net profit for the September quarter to Rs 16,099.58 crore as against Rs 14,752 crore in the year-ago period. On a standalone basis, it posted a net profit of Rs 14,330.02 crore as against Rs 13,264.52 crore in the year-ago period. The bank reported a total income of over Rs 1.12 lakh crore for the quarter under review, up from Rs 88,733 crore in the year-ago period.

Odisha I-T raid: Officials to deposit all cash at Balangir SBI branch

Income Tax officials however continue to conduct the survey at properties linked to Dheeraj Sahu with documentation process still on

Bull run extends on D St! Sensex leaps 353 pts, Nifty nears 20,950

Closing Bell on December 6, 2023: The benchmarks on the BSE and NSE, along with the MidCap index, hit fresh lifetime highs today

Stocks to Watch today, Dec 6: Canara Bk, Somany, Zee Learn, Patanjali Foods

Stocks to Watch on Wednesday, December 6, 2023: Axis Bank has initiated Corporate Insolvency Resolution Process against Digital Ventures Private Limited, wholly-owned subsidiary of Zee Lear

SBI to acquire another 20% stake in SBI Pension Funds for Rs 229.52 crore

At present, SBI has a 60 per cent stake in the pension fund

Stocks to Watch today, Dec 4: SBI, HUL, Salasar Techno, Tata Power, Alkem

Stocks to Watch on Monday, December 4, 2023: Hindustan Unilever has decided to split its beauty and personal care business into two separate divisions

Banks raised record Rs 40,895 crore through infra bonds in Apr-Nov

The country's largest lender, State Bank of India (SBI), accounted for almost half of the amount mopped up via infrastructure bonds in the eight months of FY24

Sequoia-backed mobile wallet Mobikwik selects banks for $84 million IPO

The Gurugram-based fintech firm is working with DAM Capital Advisors Ltd and SBI Capital Markets Ltd for preparations for its listing

Business as usual for Abhyudaya Cooperative Bank on Tuesday: Official

On Sunday, 21 branches of the bank were opened which did not see any unusual rush

RBI supercedes board of Abhyudaya Coop Bank for 1-yr over poor governance

The RBI on Friday superseded the board of Abhyudaya Cooperative Bank for one year over poor governance standards, and appointed an administrator to manage the affairs of the lender. Satya Prakash Pathak, former Chief General Manager of State Bank of India, is the 'Administrator' to manage the affairs of the Mumbai-based bank during the one-year period, the Reserve Bank of India (RBI) said. Also, a committee of advisors has been appointed to assist the administrator to discharge his duties. "The action is necessitated due to certain material concerns emanating from poor governance standards observed in the bank," the RBI said, while superceding the board of directors of Abhyudaya Cooperative Bank. However, no business restriction has been placed by the RBI and the bank will continue to carry on its normal banking activities, under the guidance of the administrator, it added. The members of the 'Committee of Advisors' are Venkatesh Hegde, former General Manager, SBI, Mahendra Chhaje

SBI, Infosys, Axis Bank, ONGC most sold large-cap stocks by MFs in Oct

Kotak Mahindra Bank, ICICI Bank, Reliance Industries, Tech Mahindra and NTPC were the most bought large-cap stocks in October.