Page 14 - State Bank Of India

State Bank of India hopes to turn the tables in Q1 results on Friday

SBI chairman Rajnish Kumar, while announcing FY18 results, had said the year gone (Fy18) by was one of despair

Street signs: SBI MF sees juice in Manpasand, Sebi pulls up MFs, and more

The banking sector has largely been plagued with several problems such as non-performing assets and fraud

Banks trade mixed post RBI policy; Nifty Bank, Nifty PSU Bank index down 1%

SBI, Bank of Baroda, Indian Bank, Allahabad Bank, Canara Bank, South Indian Bank, Federal Bank, Axis Bank, IDFC Bank, ICICI Bank, YES Bank and HDFC Bank were down in the range of 1% to 2% on the NSE.

SBI cuts shorter term bulk deposit rates, increases longer term rates

Since the bank adjusted its rates in both directions, a clear rate signal is not evident

SBI, PNB, BoB may introduce performance-linked pay for senior management

The banks would need approval from the government for such a move

Nifty PSU Bank index rally over 4%; SBI, Canara Bank, BOB up more than 4%

At 11:05 am; Nifty PSU Bank index, the largest gainer among sectoral indices, was up 4.2% at 3,059, as compared to 0.41% rise in the Nifty 50 index.

CBI books three Mumbai companies for banking fraud as SBI loses Rs 1.36 bn

Searches were conducted at 17 places in Mumbai, Raigad, Malegaon, Amravati, according to a CBI official

State Bank of India to shut 9 foreign offices as part of rationalisation

As per the banking sector agenda approved at the PSB Manthan in November last year, public sector banks (PSBs) were asked to examine all of 216 overseas operations

Govt appoints Arijit Basu as SBI MD after Rajnish Kumar's elevation

Government has appointed deputy managing director Basu as managing director with effect from the date of taking over charge till his superannuation in October 2020

IBC resolution to help us recover Rs 300 billion in FY18: SBI

SBI has been able to recover Rs 85 billion from Tata Steel's acquisition of Bhushan Steel

SBI invests Rs 35 bn a year as it reaches out digitally to 420 mn customers

SBI has also been leading the digital charge with its DIGITAL VILLAGES project that it launched in July 2016

State Bank of India to offload NPAs worth over Rs 13 billion

According to information document placed on SBI website, Ankit Metals and Power with an exposure of around Rs 6.9 billion, is the largest among them

SBI to modify rules to ramp up investments in startups with Rs 500 mn fund

SBI has a board-approved policy to support the fintech sector

From hope to happiness: Analysts find SBI's FY20 plan credible

SBI would work to bring down the share of gross NPA below six per cent by March 2020 from 10.91% at the end of March 2018

Brokerages bullish on SBI despite Rs 77 billion loss in Q4FY18

Most brokerages have revised their rating on the stock post results in a hope that the NPA cycle may be turning around.

Gems and jewellery sector risky, says State Bank of India

The cost of borrowing for the industry has gone up in the last few months which in nothing but direct risk-and-reward relationship at which banks do the pricing

SBI India's most trusted bank, ICICI tops in private sector: Report

The report, however clarified, the survey was carried out during November-January and did not take into account the recent reports of irregularities involving the ICICI Bank

State Bank of India is scaling down the pace of branch opening

Kumar mentioned they had rationalised about 1,600 branches in the network last year

SBI's $3.6 bn in hidden bad loans shows how deep India's banking rot runs

State Bank of India's admission is particularly striking because the lender is often seen as a proxy for the nation's economy

SBI to raise Rs 200 bn for affordable housing, infrastructure projects

Earlier this month, SBI had announced plans to raise up to $2 billion by issuing bonds in the US dollar