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.
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
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
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
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
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
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
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
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
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
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,
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
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
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
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
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
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
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
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
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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