Page 80 - Sbi

SBI's VRS scheme cruel as economy has collapsed, says P Chidambaram

Congress leader P Chidambaram on Monday slammed the reported SBI plan to implement a voluntary retirement scheme at a time when the economy has collapsed and called it cruel

SBI plans VRS scheme covering 30,000 staff as it seeks to optimise costs

The scheme will be opened to all permanent officers and staff who have put in 25 years of service or have completed 55 years of age on the cut-off date

Operational strength, subsidiaries to drive State Bank of India's re-rating

Annual operating profit of Rs 60,000 crore good enough to absorb any increase in provisioning, while high growth potential subsidiaries to drive valuations

FinMin directs govt-owned banks to invoke personal guarantees of defaulters

SBI takes lead in preparing list of all defaulters, including large corporations, whose firms are under bankruptcy proceedings

Fintech the way forward for Indian banking, payment system: SBI MD

Giving the example of SBI, he said, 91 per cent of jobs are being done digitally now, which was unthinkable 35 years ago

SBI moots VRS for employees who don't get promoted; will seek govt nod

Officers protest, say they were kept in dark; lenders say VRS is optional and that it won't push employees to take it

SC makes CEOs liable if telecom companies fail to pay AGR dues

CEO asked to furnish personal guarantee within four weeks; order alarms professional managers

Old SBI hand Dinesh Khara faces new challenges amid Covid-19 pandemic

Being an insider, Khara knows SBI culture well and has the backing of an experienced team

Vedanta ties up with SBI for long-term syndicated loan of Rs 10,000 cr

Vedanta said it has tied up with State Bank of India for a long-term syndicated loan facility worth Rs 10,000 crore

Book profit in bank stocks even as moratorium period ends today: Analysts

So far, there have been varied views with regards to the percentage of loans that may seek restructuring.

Unlock BFSI 2.0: Rajnish Kumar, Aditya Puri on their success mantra, more

Puri, who counts JP Morgan CEO Jamie Dimon as one of his inspirations, says the biggest challenge of his career was to scale up HDFC bank

Brokerages turn bullish on SBI on attractive valuation; see 20-44% upside

From its recent low of Rs 150.85 apiece (closing basis) touched on May 22, 2020, the stock has rallied 39 per cent on the BSE, data show

RBI's core income growth takes a hit as global interest rates decline

The central bank's core earnings or interest income from its rupee and forex assets were up just 2.3% year-on-year in FY20 despite 30% rise in its assets during the year

Banks Board Bureau recommends Dinesh Khara for SBI chairman post

Govt will take final call on appointment of SBI chairman. If selected, Khara would succeed Rajnish Kumar, whose term ends in October

States' GST revenue shortfall can be bridged by monetising debt, NSSF: SBI

The Centre said a special window can be provided to the states, in consultation with the RBI, for borrowing at a reasonable interest rate

Banks Board Bureau recommends Dinesh Khara as new SBI chief

C S Setty, another MD at the state-owned lender, has been recommended as the reserve candidate

Nifty Bank gains 3.5%, hits 10-week high; Axis Bank soars 8%, ICICI Bank 5%

August Futures and Options (F&O) series, which ended on August 27, saw strong participation from banking sector underlying optimism in the space

CRISIL upgrades YES Bank's certificates of deposit from 'A2' to 'A2+'

YES Bank's total deposits increased to Rs 1.17 trillion (including CD) as on June 30 from Rs 1.05 trillion as on March 31

SBI's Kumar, HDFC's Puri speak on their careers, legacies, motivations

The two titans of Indian banking also spoke about what it takes to succeed in the highly competitive and byzantine financial services sector

Banks Board Bureau to interview four SBI MDs for Chairman post on Aug 28

The three-year term of current SBI Chairman Rajnish Kumar will come to an end on October 7