Page 11 - State Bank Of India Sbi
Essar Steel case verdict a big positive for banks; SBI top pick: Analysts
On Friday, the government came up with an interim framework for resolving financial stress in financial service providers (FSPs) through a structured resolution and liquidation proceedings.
 "Essar Steel case verdict a big positive for banks; SBI top pick: Analysts")
Former petroleum secretary Girish Chaturvedi in line for NSE top job
Former secretary and erstwhile SBI deputy MD inducted as public interest directors
 "Former petroleum secretary Girish Chaturvedi in line for NSE top job")
HC relief for SBI, other lenders in debt recovery from crisis-hit DHFL
The lenders, led by State Bank of India, Bank of Baroda and IDFC had moved the high court seeking a relief from an earlier order that restrained DHFL from making any payments to creditors
 "HC relief for SBI, other lenders in debt recovery from crisis-hit DHFL")
Banks Board Bureau recommends BoB's Sanjiv Chadha for the post of MD & CEO
The bureau has also suggested the names of L V Prabhakar and Atanu Kumar Das for Canara Bank Bank of India chiefs, respectively
 "Banks Board Bureau recommends BoB's Sanjiv Chadha for the post of MD & CEO")
In 7th cut this year, SBI reduces MCLR by 5 bps across all tenors
Additionally, the lender has revised interest rates on term deposits with effect from November 10, 2019
 "In 7th cut this year, SBI reduces MCLR by 5 bps across all tenors")
Moody's lowers outlook for SBI, HDFC Bank, 4 other financial institutions
The outlook was revised down for EXIM India, HDFC Bank, Hero FinCorp, HUDCO, IRFC, and SBI
 "Moody's lowers outlook for SBI, HDFC Bank, 4 other financial institutions")
Banks to sell Manohar Joshi's trust land in Mumbai over loan default
It owes Rs 15.82 crore to Bank of Maharashtra, Rs 38.63 crore to State Bank and Rs 13.18 crore to Bank of India.
 "Banks to sell Manohar Joshi's trust land in Mumbai over loan default")
Reforms buzz keeps mkts buoyant; Sensex rises 340 pts, Nifty ends at 11,881
Index rises as much as 340 pts only to give up most gains
 "Reforms buzz keeps mkts buoyant; Sensex rises 340 pts, Nifty ends at 11,881")
PSU banks gain; SBI, Canara Bank, Bank of Baroda and PNB rise 3%
Central Bank of India, United Bank of India, Syndicate Bank, Andhra Bank and Bank of India were up in the range of 5-12 per cent.
SBI pre-tax profit sees three-fold jump to Rs 5,060 crore, beats estimates
Net profit stood at Rs 3,012 crore, as against Rs 945 crore for Q2FY19
 "SBI pre-tax profit sees three-fold jump to Rs 5,060 crore, beats estimates")
Top headlines: SBI Q2 profit zooms 3-fold, JioPhone all-in-one plans & more
US market regulator SEC may seek cooperation from its Indian counterpart Sebi in its probe into Infosys, which has been rocked by whistleblower complaints of several alleged irregularities
SBI Q2 preview: Stake sale in SBI Life to aid performance; slippages eyed
The largest public lender reported a net profit of Rs 944.9 crore in the corresponding quarter of the previous fiscal, and Rs 2,312.2 crore in Q1FY20
Banking services partially affected due to employee unions' strikes
Some of the services like cash deposit and withdrawal at the counter and cheque clearances have been impacted due to the strike
 "Banking services partially affected due to employee unions' strikes")
SBI to conduct e-auction of 11 accounts on Nov 7 to recover Rs 467-cr dues
The State Bank of India (SBI) will conduct an e-auction of 11 bad loan accounts on November 7 to recover dues of Rs 466.49 crore. In terms of the bank's revised policy on sale of financial assets, in line with the regulatory guidelines, the bank will place 11 accounts for sale to ARCs/banks/NBFCs and FIs, SBI said in an auction notice. The bank said the financial assets were showcased on October 12 and the e-auction will take place on November 7. The major non-performing asset (NPA) accounts to be auctioned include Bhatia Global Trading (BGTL), which has an outstanding of Rs 177.02 crore on the bank, Bhatia Coke & Energy Ltd (Rs 104.15 crore), Bhatia Coal Washeries (Rs 12.58 crore) and Asian Natural Resources (India) Ltd (Rs 2.18 crore). Maharastra Steels Pvt Ltd (Rs 40.51 crore), Anshul Steel Ltd (Rs 37.70 crore) and Vidhata Metals (Rs 36.98 crore) are the other accounts to be auctioned. The auction for the accounts will be held under the 'Swiss Challenge Method', based on an ...
SBI SCO Recruitment 2019: SBI re-opens application process for 76 SCO posts
SBI has invited online applications from candidates for appointment as specialist cadre officers (SCO) in the state-run bank on a regular basis
 "SBI SCO Recruitment 2019: SBI re-opens application process for 76 SCO posts")
Depositors feel the pinch as SBI cuts savings bank rate to 3.25%
Depositors keeping their money in savings bank account are technically not seeing their money grow.
 "Depositors feel the pinch as SBI cuts savings bank rate to 3.25%")
Bear grip getting stronger? Over 50% Nifty F&O stocks trade below 200 DMA
The 200-day moving average (DMA) is one of the important indicators to ascertain buy or sell trends.
 "Bear grip getting stronger? Over 50% Nifty F&O stocks trade below 200 DMA")
SBI account holder? Know new ATM withdrawal, loan rules kicking in today
SBI will use repo rate as the external benchmark to price all new floating-rate loans for MSMEs, housing and retail loans and credit for medium-sized enterprises from today
SBI recruitment 2019: Apply for 700 posts, know dates and other details
The last date for online submission of SBI apprentice recruitment 2019 applications is 6 October 2019
SBI to use repo rate as benchmark to price MSME, retail loans from Oct 1
Also, link pricing credit to Medium units to the repo rate
 "SBI to use repo rate as benchmark to price MSME, retail loans from Oct 1")