State Bank Of India Sbi

MARKET WRAP: Sensex up 420 pts as Infosys rallies 10%, Nifty ends at 10,740

All that happened in the markets today

Repayment rules

Avoid blanket extension of loan moratorium

Assumption of rate cut delivering growth simply not working: Rathin Roy

Rathin Roy expresses concern on the collateral free lending scheme as not making the cut from a regulations perspective.

Default risk for Indian companies drops at fastest pace in decade

The cost to insure against nonpayment by a basket of Indian companies, including Reliance Industries and State Bank of India, dropped by 252 basis points in May and June combined

India's recovery started from June, need to wait for the trend: SBI chief

He also said the banks had been able to absorb the shock due to the moratorium offered to the borrowers in the wake of the Covid-19 outbreak

SBI reduces MCLR by 5-10 bps to 6.65% in the shorter tenors

SBI's MCLR continues to be the lowest in the market

State Bank of India to invest up to Rs 1,760 crore in YES Bank's FPO

YES Bank got its board's approval to raise Rs 15,000 crore via FPO to shore up its capital base.

SBI to invest up to Rs 1,760 cr in YES Bank's further public offering

The announcement came after YES Bank said it has received approval from the CRC of the Board of Directors of the Bank for raising funds

SBI cuts MCLR by 5-10 bps upto three months tenor to revive demand

With this revision, SBI's MCLR upto three-months tenor comes down to 6.65 per cent per annum

Have home loan rates reached rock bottom?

At sub-7 per cent, the rates are at their historic low. In 2003 and 2004, it was 7.25 per cent; and in 2011, as high as 11.75 per cent

SBI Cap to float special purpose vehicle for NBFC debt purchase, says RBI

The government, on May 21, had said it will support creating a SPV that will buy such papers from NBFCs

NCLT reserves order on SBI plea to recover Rs 1,200 cr from Anil Ambani

In early 2019, Reliance Communications, once the flagship company of the Anil Ambani-led Reliance group, had filed for bankruptcy

SBI sanctions Rs 20,000 cr loans to MSMEs under credit guarantee scheme

SBI's SME loan portfolio shrunk by 7.27 per cent to Rs 2.67 trillion in March 2020 from Rs 2.88 trillion in March 2019

SBI seeks new consolidated transaction review, forensic audit of Lavasa

The new forensic audit was necessitated after the National Company Law Tribunal (NCLT) cleared a consolidated bankruptcy process of all Lavasa companies.

SBI seeks new consolidated transaction review, forensic audit of Lavasa

The new forensic audit was necessitated after the National Company Law Tribunal (NCLT) cleared a consolidated bankruptcy process of all Lavasa companies.

RBI's moratorium helps public sector banks post lower NPAs in Q4

On aggregate basis, gross NPAs of 8 PSBs improve by 132 bps

Covid-19 crisis: Indian banks operating in UK cautiously optimistic

Boris Johnson announced further relaxations in lockdown enforced due to Covid-19 pandemic

Indian banks' overseas business grows 7.5-43.1% in FY20, shows data

In FY19, lenders had seen a contraction in global loan book after letters of comfort were discontinued

Bond market warms up to NBFCs, but India's top-rated companies benefit

The liquidity situation for non-banking financial companies (NBFCs), which had been facing a crunch on this front for some time now, is improving.

Top headlines: SBI cuts lending rates, India's tax-GDP ratio falls and more

From US entering recession, FM considering corporation tax rate benefit extension to PMLA court ordering seizure of Nirav Modi's assets, here are the top headlines on Tuesday morning