Page 30 - Sbi

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The RBI on Friday superseded the board of Abhyudaya Cooperative Bank for one year over poor governance standards, and appointed an administrator to manage the affairs of the lender.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.

SBI set to increase interest rate after RBI's higher risk weight norms

RBI says growth-driving sector exempted from tighter norms

SBI CBO recruitment 2023: SBI invites applications to fill 5,280 CBO posts

State Bank of India invited the application process today, November 22, for circle-based officers. Candidates who want to apply for the post can go through sbi.co.in

SBI rejigs portfolio of MDs, DMDs, Vinay Tonse appointed managing director

State Bank of India (SBI) on Tuesday changed portfolios of some of its top officials with the appointment of Vinay M Tonse as the fourth managing director of the bank. Tonse will now look after retail banking and operations, SBI said in a regulatory filing. The portfolio was with Alok Kumar Choudhary earlier. Choudhary has been entrusted with the new responsibility of Managing Director looking after Risk, Compliance & Stressed Assets Resolution Group (SARG). Ashwini Kumar Tewari has been entrusted with new responsibility as Managing Director of corporate banking and subsidiaries, it said. Earlier, Swaminathan J, who has been elevated as RBI Deputy Governor, was looking after this portfolio. Mahesh Kumar Sharma, Deputy Managing Director (DMD) has been entrusted with new responsibility as DMD (Transaction Banking & New Initiatives), it said. Another DMD Rana Ashutosh Kumar Singh has been entrusted with new responsibility as DMD Retail.

SBI sees minimal impact of tighter RBI's rules for personal loans

SBI's capital adequacy ratio stood at 14.28% as of September end

'Delivering nothing': Ashneer Grover slams ex-SBI chief Rajnish Kumar

BharatPe co-founder Ashneer Grover attacked former State Bank of India (SBI) chairman Rajnish Kumar and said 'delivering nothing and creating a deflection to hide behind is the easiest'

SBI to soon launch Yono Global app in Singapore and US, says official

State Bank of India (SBI) will soon launch its banking mobile app Yono Global' in Singapore and the US, offering digitalized remittance and other services to its customers, Vidya Krishnan, Deputy MD (IT), said. We are continuing to invest in Yono Global to offer the best services available as we want to give superior experience to our customers, Krishnan told PTI at the three-day Singapore Fintech Festival (SFF), which ends on November 17. Krishnan held talks with Singapore-based digital platform enablers as well as the local regulator and central bank, the Monetary Authority of Singapore (MAS). We are constantly working on the remittance story between India and Singapore, given the large number of Indian diaspora in the city state. Currently, SBI offers Yono Global services in 9 countries, starting with the UK operations in September 2019. SBI's foreign operations have a total balance sheet size of USD 78 billion. In Singapore, SBI is integrating its Yono Global app with PayNow a

SBI Clerk 2023 posts: Notification, Application fee, Eligibility & Process

SBI has announced SBI Clerk 2023 recruitment notification on November 16, 2023. Applicants keen on applying for the post of Junior Associate (Customer Support & Sales) are required to apply online

India's GDP to grow 6-7.1% during 2024-2026, growth prospects strong: S&P

The report further said that the State Bank of India and leading private-sector banks have largely addressed their asset-quality challenges

Jaiprakash Associates signs agreement to partly repay dues to ICICI Bank

To get 18.9 crore shares which was pledged

Credit formalisation, state welfare transforming labour markets: SBI report

Self-employment has improved as government programmes take care of primary subsistence needs, it says

Cognitive tools for thwarting scams

In an era where we constantly fear being swindled, a book that delves into the psychology of deception and offers guidance on steering clear of fraud becomes essential reading

AGS Transact Technologies receives an order for 1,350 ATMs from SBI

The company received the order under its banking automation solutions portfolio; SBI to deploy these "AGS" branded ATMs during FY24

Amfi announces appointment of Venkat Nageswar Chalasani as new CE

Prior to this role, Chalasani served as the Deputy Managing Director (DMD) at the State Bank of India (SBI), where he spent almost four decades

SBI can fend off rising risks In personal loans, says S&P Ratings

SBI's personal loans are growing faster than the rest of its portfolio. However, the bank's customer selection mitigates the associated risks

Steady NIM, credit costs may drive SBI's re-rating in near-term: Analysts

Worries about the impact of relatively lower capital adequacy levels, comfort of loan mix due to presence of unsecured loans, and NIM contraction cycle have been weighing on the stock

Byju's core business sees 2.3x revenue growth, Rs 2,253 cr net loss in FY22

The financials revealed by Byju's are based on an 'unqualified FY22 audit'; it will file the financials with MCA in the next few weeks, according to the sources

Sensex zooms 595 pts, Nifty tops 19,400; all but PSBs rally

Closing Bell on November 6, 2023: Among sectors, the Nifty Metal, Pharma, Private Bank, and Realty indices added over 1 per cent each

SBI Q2 results: PAT up 8.03% to Rs 14,330 cr on robust NII growth

SBI reports steady growth in net interest income, dip in credit costs boost profits