Page 13 - State Bank Of India

SBI raises target for buying NBFC retail loans to Rs 450 bn from Rs 150 bn

At present, the SBI's guidance for credit growth in FY19 is 10%

SBI triples target for purchase of good-quality asset portfolio from NBFCs

According to SBI's internal assessment, there may be an opportunity to buy additional portfolio in range of Rs 200 billion to Rs 300 billion

No major risk involved in NBFC portfolio, says SBI's Sujit Kumar Varma

NBFCs are facing the heat of a crisis at IL&FS, which defaulted on repayment of its commercial paper dues, leading to a contagion effect in the sector

SBI to issue and encash electoral bonds from Oct 1 to 10, says FinMin

These bonds will be issued at 29 authorised branches of State Bank of India

SBI not right candidate to take over more banks: Rajnish Kumar, Chairman

However, Kumar said India needs to reduce the number of state-owned banks through consolidation for better management

SBI in international bond market to raise nearly $500 mn in green bonds

With this issue SBI will become compliant with the global standards as prescribed by the Climate Bonds Initiative

SBI to put 8 bad loan accounts under the hammer to recover Rs 39 billion

Interested bidders are required to submit their expression of interest on e-bidding for these accounts which is slated to be held on September 26

SBI denies any laxity on its part in dealing with fugitive Mallya case

Mallya left the country on March 2, 2016 while 13 banks moved the apex court four days later seeking its intervention to prevent the businessman from leaving the country

Rs 900 million bank fraud case: ED raids 9 locations in Tamil Nadu

The alleged fraud resulted into a pecuniary loss of around Rs 90o million to SBI, the ED said in its complaint

Ashwani Bhatia appointed MD & CEO of SBI MF; to take over from Anuradha Rao

Before his move to SBI MF, Bhatia was in charge of revamping the entire credit structure and processes at SBI

SBI loan scam: In 6 months 15 'borrowers' die, 1 missing in Tamil Nadu

All the deceased were workers in a mill owned by one of the accused in the case

SBI launches new term loan for repair, renovation of homes in Kerala

The bank will provide loans up to Rs 1 million at a reduced interest rat of 8.45 per cent per annum

Lending to power sector projects will have to stop: State Bank of India

The power sector loans are facing a slew of problems due to a changes in non-performing assets recognition after the February 12 RBI circular

SBI changes names, IFSC codes of nearly 1,300 branches post merger

The lender has published a list of new branch codes as well as the IFSC codes of these branches

SBI expects 10% credit growth in FY19, hopes to bounce back into profits

The country's largest lender suffered a hefty loss of Rs 48.76 billion for the June quarter due to higher bad loans

Resolution soon on 7-8 stressed power assets worth Rs 170 bn: SBI MD

The RBI has mandated banks to identify projects with even a day's default as a stressed asset

21 months after note ban, SBI yet to recalibrate 18,135 ATMs: RTI

It implies that 18,135 ATMs at present are not able to dispense new currency notes

SBI posts third straight quarterly loss at Rs 48.76 bn on higher provisions

Total provisions and contingencies more than doubled to Rs 192.28 bn in Q1FY19 from Rs 89.29 bn in Q1FY18

Top lender SBI eyes return to profitability in Q3 on easing bad loan impact

In the last quarter, SBI accounted for net mark to market losses on investments of Rs 58.93 billion

SBI posts 3rd straight quarterly loss at Rs 48.76 bn, bad loan ratio drops

Gross bad loans as a percentage of total loans stood at 10.69 per cent from 10.91 per cent in the previous quarter and 9.97 per cent last year