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Tag "state bank of india"

SBI MD Anshula Kant appointed as MD, CFO of World Bank Group

SBI MD Anshula Kant appointed as MD, CFO of World Bank Group

🕔07:58, 13.Jul 2019

Washington/New Delhi, July 13  State Bank of India’s Managing Director Anshula Kant has been appointed as Managing Director and Chief Financial Officer of the World Bank Group. The appointment was announced by World Bank Group President David Malpass on Friday.

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SBI found flouting rules, says finally-released RBI report

SBI found flouting rules, says finally-released RBI report

🕔07:02, 10.Jul 2019

New Delhi, July 10  The country’s largest bank, the State Bank of India, has been found flouting several rules in its attempt to cover up non-performing assets (NPAs), according to the RBI’s annual inspection report. The Reserve Bank of India’s

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SBI reveals names of 10 big ‘wilful defaulters’

SBI reveals names of 10 big ‘wilful defaulters’

🕔13:35, 28.Jun 2019

Mumbai, June 28  The State Bank of India on Friday revealed the names of 10 new big ticket firms and their top officials and declared them as “wilful defaulters”. The firms, include players from pharmaceuticals, gems and jewellery, power, infrastructure

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No capital need for SBI from government: Chairman

No capital need for SBI from government: Chairman

🕔10:06, 14.Jun 2019

New Delhi, June 14  State Bank of India Chairman Rajnish Kumar on Thursday said the bank does not need any capital from the government. “SBI doesn’t need any capital from the government,” Kumar said after a meeting with the Finance

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SBI to offer repo rate-linked home loans from July 1

SBI to offer repo rate-linked home loans from July 1

🕔07:32, 8.Jun 2019

Mumbai, June 8  The State Bank of India (SBI) on Friday said it would offer repo rate-linked home loans from July 1, 2019. It also announced the reduce interest rate on cash credit account and over draft customers with limits

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Clarity on Jet Airways expected in a week: SBI chief

Clarity on Jet Airways expected in a week: SBI chief

🕔06:50, 20.May 2019

New Delhi, May 20  It may not be over till it is over. Even as some industry veterans believe that grounded Jet Airways may have hit the end of the road, State Bank of India (SBI) Chairman Rajnish Kumar remains

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SBI posts muted Q4 profit, but asset quality, interest income up

SBI posts muted Q4 profit, but asset quality, interest income up

🕔07:32, 11.May 2019

Mumbai, May 11  State Bank of India on Friday posted a muted net profit of Rs 838 crore in Jan-March period of last fiscal on account of massive provisioning at Rs 16,502 crore, but the asset quality moved northwards as

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SBI links interest rates to RBI’s repo rate

SBI links interest rates to RBI’s repo rate

🕔06:44, 2.May 2019

Mumbai, May 2  Public sector lender State Bank of India (SBI) on Wednesday became the first Indian bank to link its saving and loan interest rates to the Reserve Bank of India (RBI)’s repo rate. The move assumes significance as

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SBI moves to invoke Essar Steel Promoters’ personal guarantees of Rs 15K cr

SBI moves to invoke Essar Steel Promoters’ personal guarantees of Rs 15K cr

🕔12:40, 29.Apr 2019

Ahmedabad, April 29  The State Bank of India on Monday filed a recovery suit against Prashant and Ravi Ruia, before the Debt Recovery Tribunal (DRT) here in Gujarat. Essar Steel Lenders led by the SBI are saddled with dues of

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SBI to raise Rs 17k cr via bonds in tranches in FY19

SBI to raise Rs 17k cr via bonds in tranches in FY19

🕔10:26, 25.Apr 2019

New Delhi, April 25  The board of the State Bank of India has approved raising up to $2.5 billion (around Rs 17,000 crore) through bonds in the current fiscal. The bank said its board has approved “long term fund raising

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Banks reduce interest on home, auto loans post-RBI cut

Banks reduce interest on home, auto loans post-RBI cut

🕔20:17, 9.Apr 2019

Mumbai, April 9  Within days of the Reserve Bank of India (RBI) lowering its key lending rate, state-run State Bank of India (SBI) on Tuesday reduced its benchmark marginal cost of funds based lending rate (MCLR) and home loan rates,

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SBI puts NPAs worth Rs 424 crore on sale via auction

SBI puts NPAs worth Rs 424 crore on sale via auction

🕔14:01, 9.Apr 2019

New Delhi, April 9 State-run State Bank of India (SBI) said on Tuesday that it has put non-performing assets (NPAs or bad loans) worth Rs 423.67 crore on auction to recover unpaid dues. The accounts — Kamachi Industries owes Rs 364.80

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PSBs continue with 180 days to resolve Jet

PSBs continue with 180 days to resolve Jet

🕔17:50, 7.Apr 2019

New Delhi, April 7  Public sector banks, led by State Bank of India, have given themselves 180 days to resolve the Jet Airways account even though the time limit has become irrelevant post Supreme Court order that quashed an earlier

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SBI to auction NPA assets worth Rs 6,169 cr in March

SBI to auction NPA assets worth Rs 6,169 cr in March

🕔12:54, 20.Mar 2019

New Delhi, March 20  The State Bank of India will auction non-performing assets (NPAs) amounting to Rs 6,169 crore in the next 10 days to recover its dues from various defaulting business outfits. The country’s largest lender carries out auctions

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SBI posting strong credit growth, NPA recovery on: MD

SBI posting strong credit growth, NPA recovery on: MD

🕔17:26, 28.Feb 2019

New Delhi, Feb 28 The State Bank of India, the country’s largest lender by asset size on Thursday, said the NPA recovery of the bank is proceeding smoothly and it is posting strong credit growth. “We are recovering well on NPAs

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No decision on taking Jet Airways to NCLT: SBI

No decision on taking Jet Airways to NCLT: SBI

🕔18:49, 25.Feb 2019

Mumbai, Feb 25  The State Bank of India (SBI) on Monday said no decision has been taken on moving the National Company Law Tribunal (NCLT) to recover loans from private carrier Jet Airways and called media reports in this regard

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NTPC signs Term Loan of ₹5000 crore with State Bank of India

NTPC signs Term Loan of ₹5000 crore with State Bank of India

🕔19:40, 11.Feb 2019

NTPC signed  a term loan agreement for ₹5000 crore with State Bank of India today 11th February, 2019. The loan facility is extended at an interest rate linked to 3-Month MCLR of the Bank. This loan has a door to door

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SBI to sell Rs 15,431-cr loan exposure in Essar Steel

SBI to sell Rs 15,431-cr loan exposure in Essar Steel

🕔11:16, 17.Jan 2019

Mumbai, Jan 17 In a surprise move, State Bank of India (SBI) on Wednesday put its entire loan exposure of Rs 15,431.44 crore in bankrupt Essar Steel on sale even though the prolonged insolvency case had neared resolution last October. The

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SBI gets shareholders’ nod to raise Rs 20,000 crore

SBI gets shareholders’ nod to raise Rs 20,000 crore

🕔20:49, 7.Dec 2018

Mumbai, Dec 7  Lending major State Bank of India (SBI) on Friday said it has received shareholders’ approval to raise up to Rs 20,000 crore. According to the SBI, the approval for its proposal to “create, offer, issue and allot

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India’s GDP growth in Q2 likely to slow to 7.5-7.6%: SBI

India’s GDP growth in Q2 likely to slow to 7.5-7.6%: SBI

🕔10:24, 27.Nov 2018

Mumbai, Nov 27  Ahead of the official release of the second-quarter GDP figures, State Bank of India (SBI) on Monday estimated the country’s economy to expand by 7.5-7.6 per cent, slower than the prior quarter, mainly on account of a

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