Page 32 - Sbi

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.

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