Page 63 - Sbi

PSU banks trade firm in a volatile market; SBI scales fresh record high

In Q2, Motilal Oswal Financial Services estimates PSBs to report improved operating performance, supported by modest business growth and a gradual reduction in provisions.

Jet Airways was one of the toughest assignments as SBI chief: Rajnish Kumar

In his book titled 'The Custodian of Trust', Kumar said SBI board wanted letter of support from govt before approving Jet Airways resolution plan

Sensex snaps 7-day winning run, ends 50 pts down; IRCTC tanks 9%, ITC 6%

The market breadth also favoured sellers amid profit-booking in the broader markets. The BSE MidCap and SmallCap indices ended nearly 2 per cent down each

Mandate creation through UPI dips in sync with muted IPO show in September

Some 3.03 million mandates were created through UPI, down 48.3% over last month, according to NPCI data

RBI imposes Rs 1 crore penalty on State Bank of India

'This action is based on the deficiencies in regulatory compliance,' says RBI

SBI raises Rs 6,000 crore by issuing Basel III compliant bonds

The country's largest lender SBI on Monday said it has raised Rs 6,000 crore by issuing Basel III compliant bonds

CBI books Trimax IT Infra and management for cheating banks of Rs 862 crore

The firm had been involved with important govt tenders of BSNL, UPSRTC and Bengaluru Metropolitan Transport Corp

Former State Bank of India chief Rajnish Kumar joins BharatPe as chairman

He will be involved in defining the company's short-term and long-term strategies, and will so work closely with the other Board Members and CXOs

SBI rallies 4%, hits record high of Rs 475 on heavy volumes

SBI appears well-positioned to report a strong uptick in earnings, led by moderation in credit costs, believe analysts

Privatisation is far more difficult than consolidation

For public sector banks, the government is the superboard, with both ownership and regulatory powers under its belt. Is it ready to give up these powers?

Banks need to accelerate green lending for sustainable growth: SBI chief

Banks have always been the backbone of India's economic growth and as the country pivots to sustainable growth, the banking sector will have to accelerate green lending, said SBI Chairman Dinesh Khara

Moody's raises rating outlook to stable for 18 Indian companies, banks

The nine companies whose rating outlook has been revised upwards are RIL, TCS, Infosys, ONGC, Petronet LNG, UltraTech Cement, Oil India, IOC and HPCL

TCS' long-standing partnership with SBI extended for another 5 years

Under new contract, TCS will continue to maintain, enhance SBI's application estate around core banking, trade finance, financial reporting &, financial inclusion with new features and functionality

SBI stock trades higher for third straight session, nears record high

The stock was up 1.4 per cent at Rs 471 on the BSE in Wednesday's intra-day trade, quoting close to its record high of Rs 471.85 touched on September 17, 2021

SBI to raise Rs 6,000 crore in capital through additional tier-I bonds

The country's largest lender raised Rs 4,000 cr via AT1 bonds last month

Decoded: Should you try peer-to-peer lending to maximise your returns?

Looking for investment options for high returns? P2P lending could get you 9-12% interest rate? Appealing, right? But there are some riders. Let's understand all about peer-to-peer lending.

State Bank of India rejects AP government's Rs 6,500 crore overdraft

With its coffers completely dry, the state government sought the overdraft to be used as working capital by five nodal implementing agencies

SBI and other PSUs gain amid rejig of Nifty indices, HDFC Bank dips

RIL's weightage was reduced slightly, while HDFC Life's edged up in the benchmark Nifty index

SBI signs pact with 3 NBFC-MFIs for co-lending to joint liability groups

The agreement is for co-lending to individual members of JLGs to undertake agriculture and allied activities including other income generation activities

State Bank of India explores ways to debt finance start ups

State Bank of India on Wednesday said it is trying to work out a way to debt finance start ups as current rules allow banks to fund only profitable companies. Start ups raise equity fund to run their business and promoters are forced to dilute stake as debt funding is not available for the sector because they are loss making in the initial years, a senior official of the bank said. We are struggling to debt fund start ups. Bank norms and rules allow debt funding to profitable ones. As initially startups are loss making, they are to be funded based on the viability of the idea only. We are trying a way out, SBI Managing Director - International Banking, Technology & Subsidiaries, Ashwini Kumar Tewari said at the annual general meeting of The Bengal Chamber. He said the bank was doing equity funding through a subsidiary SBI Ventures and recognized that the country needs to support the start up culture. The number of government recognized start ups under the 'Startup India' ...