Page 12 - State Bank Of India

SBI raises $1.25 billion through bonds from the overseas market

The successful issuance demonstrates the strong niche investor base SBI has created for itself in offshore capital markets

SBI in talks with PEs, hedge funds to sell Rs 15,431-crore Essar loan

According to the list of financial creditors as of October 2018, SC Lowy Primary Investments has an exposure of about Rs 900 cr in Essar Steel on account of loans assigned by HDFC Bank and Axis Bank

SBI raises $1.25 bn via bonds from overseas market for biz expansion

SBI has concluded the standalone issuance of fixed rate senior unsecured notes in two tranches of $850 mn for 5 years

SBI charges among lowest in banking sector, says MD P K Gupta

Various services offered by the bank, including ATM transaction and cash deposits, come at a cost, but the charges have been kept low in the larger interest of customers, he added

SBI to raise Rs 20.45 billion by issuing Basel III-compliant bonds

SBI said the bonds are in the nature of debentures of face value of Rs 1 million each

SBI plans to soon disburse agricultural loans digitally: Official

The country's largest lender SBI is running pilot projects to disburse agricultural loans digitally and expects to roll out the services very soon, a top official said Tuesday. "We are doing some pilot projects. We have tied-up with some players for settlement of payments. Also the digital land records of farmers are available," SBI MD (Retail & Digital Banking) P K Gupta said on the sidelines of an event here. When asked about the time-line for the launch of the services, he said as the pilot projects are on already, the bank hopes to provide such services soon. Speaking at the Inclusive Finance India Summit 2018, Gupta said there are lot many fin-tech players presently and many states also have the land records of the farmers, so it will help in providing digital loans to farmers using technology.

SBI blames adverse policies for stranded private capital in infra projects

Remarks come days after Nitin Gadkari blamed the Reserve Bank for 'complicating' project finance and asked the central bank to aid infrastructure creation

SBI increases fixed deposit rates by up to 10 bps on select maturities

The lender has kept deposits rates unchanged for other maturities

SBI Capital Ventures Ltd to float SME and Affordable Housing Fund

Both funds are targeting closure of fund in the second half of next financial year (2019-20)

Analysts bet big on private corporate lenders over State Bank of India

Axis Bank and ICICI Bank saw credit growth rise 11-13%

SBI to raise up to Rs 200 bn via FPO, other modes for growth

The bank said consent of the shareholders will be sought to issue equity shares for an amount not exceeding Rs 200 billion

SBI fraud: 8 bank officials, Harshad Mehta's brother acquitted in Mumbai

The case against prime accused Harshad Mehta was 'abated' after he died in 2001

Is SBI being too cheerful even as a $36-bn blow from shadow lenders looms?

The big chill will come if SBI's $36 bn in advances to small and midsize enterprises are stressed, which may well happen if shadow lenders are forced to cut back their own exposure to these borrowers

SBI's strong Q2 rubs off positively on other PSBs; stock rises over 3%

While the Rs 9.4 bn net profit was supported by an exceptional income of Rs 15 bn, advances grew 9.3% and asset quality improved

SBI to raise Rs 41.16 billion by issuing Basel III compliant bonds

Bank will issue 41,159 non-convertible, taxable, redeemable, subordinated, unsecured debt instruments

Inflation to remain below 4% even if onion prices increase: SBI study

The govt release the Consumer Price Index for October on November 12

SBI, Hitachi form JV to boost digital payments, card acceptance platforms

Hitachi will contribute to the development and expansion of digital payments service in India by creating an online platform

64% not happy with SBI move to cap ATM withdrawal at Rs 20,000: BS poll

Business Standard conducted a poll asking readers if SBI's decision to lower its daily cash withdrawal limit is justified. Here are the results

SBI moves SC, seeks amendment in pacts between discoms, 3 Gujarat power cos

SBI is part of a consortium of banks that funded the three power producers -- Tata Mundra, Adani and Essar

SBI plans to raise up to Rs 250 bn in FY19 to meet capital adequacy

SBI also received approval for an enabling resolution for raising equity capital