Page 10 of State Bank Of India

“For capital infusion, private banks needed some approvals. That capital has come in and (the entity) is capitalised as per the plan. The appointment of CEO is also likely to happen anytime soon. Hopefully, we will be completing the first tranche by April end,” Rai said.

NARCL misses deadline for first tranche of NPA acquisition; Rs 50,000-crore pool of 15 assets may be transferred by April

Officials at NARCL are still in the process of carrying out due diligence of the assets that have been identified…

April 7, 2022 02:15 IST

“There are a number of things to be put in place, including checking the books, conducting due diligence, inviting financial bids and shortlisting the candidates. The remaining nearly two months’ time is not enough to complete the entire insolvency process, and hence the CoC has unanimously decided to seek an extension,” a source said.

Reliance Capital Committee of Creditors to seek 3 months extension to complete bankruptcy process

The CoC, led by State Bank of India (SBI), which met on Monday has unanimously agreed to seek an extension…

April 7, 2022 00:15 IST

Borrowings: Tips to get the best out of your home loan deal

As the repo rate is at 4%, and the low-interest rates are unlikely to continue for long, now is the…

April 6, 2022 00:15 IST

SBI shares, sbi share price, state bank of India shares

SBI shares rise as bank ties up with 5 HFCs for affordable loans; Brokerages see 40% upside, should you buy?

Despite the steep market correction so far this year, State Bank of India share price has jumped over 1.5% in…

March 25, 2022 12:37 IST

SBI ties-up with 5 housing finance companies to further affordable loans to unserved

The five housing finance companies (HFCs) are: PNB Housing Finance, IIFL Home Finance, Shriram Housing Finance, Edelweiss Housing Finance, and…

March 24, 2022 20:05 IST

We expect NARCL’s offers to come in this week: Swaminathan J, SBI managing director for risk, compliance and stressed assets resolution

The bank now prefers global auctions of bad loans over Swiss challenges as they maximise recoveries, he added.

Updated: March 24, 2022 20:49 IST

“After interfacing with 21 candidates on March 5-6; March 11-12 & March 15-16, 2022, the Bureau recommends Shri Alok Kumar Choudhary for the position of MD in SBI and Shri Vinay M. Tonse as candidate on reserve list,” BBB said in a tweet. Tonse is MD & CEO of SBI Mutual Fund.

Banks Board Bureau recommends Alok Choudhary for SBI MD post

K Satyanarayana Raju, Nitesh Ranjan and Debadatta Chand, executive directors at Canara Bank, Union Bank and Bank of Baroda, respectively,…

March 17, 2022 05:45 IST

BBB recommends Alok Choudhary for SBI Managing Director post

The headhunter for directors of state-owned banks and financial institution also recommended A Manimekhalai, Ajay Kumar Srivastava and Swaroop Kumar…

March 16, 2022 20:54 IST

The order was on the grounds that secured creditors cannot trigger personal guarantees in the absence of any subsisting underlying debt due from the company.

Debt Recovery Tribunal rejects SBI’s plea to invoke personal guarantee given by Essar Steel promoters

ArcelorMittal and Nippon Steel had acquired ESIL in December 2017 for Rs 42,000 crore in one of the largest stressed-asset…

March 16, 2022 06:30 IST

SBI Chairman Dinesh Khara says digitisation, innovative technologies creating unprecedented disruption in banking sector

Today, digitisation and digital innovations have become a strategic priority for the banking industry, he noted.

March 11, 2022 17:02 IST

“Though Yono has been adopted by customers at a very high pace, in order to consolidate its leadership position, it has been decided by the bank to give Yono a revamp as ‘Only Yono’, not only in terms of features and functionality, but also in terms of ease of use and customer experience,” SBI said in its notice.

SBI to revamp Yono to prepare for an era of digital banks

A notice put out by the state-owned lender takes note of the Niti Aayog’s November 2021 draft discussion paper on…

March 11, 2022 00:30 IST

At SBI, Chugh would be responsible for driving growth of customer acquisition through digital channels, along with defining and implementing digital strategies.

Nitin Chugh appointed head of SBI digital banking

Apart from a postgraduate degree in management, Chugh holds a B.Tech degree in electrical and computer science from NIT, Kurukshetra.

March 9, 2022 02:02 IST

SBI, HDFC, Canara Bank among stocks to buy after recent correction, valuations reasonable, says Motilal Oswal

The recent correction has given investors the opportunity to build a strong portfolio by adding stock of companies where the…

Updated: March 1, 2022 16:12 IST

State Bank of India stops handling trade with sanctioned Russian entities amid Russia Ukraine crisis

“No transactions involving entities, banks, ports or vessels appearing” on a U.S., European Union or United Nations sanctions list shall…

March 1, 2022 10:53 IST

Reliance Industries, Bharti Airtel, State Bank of India, Vedanta among stocks in focus today

Volatility has risen amid geopolitical tensions between Russia and Ukraine, impacting global markets.

February 18, 2022 08:38 IST

Other analysts pointed to the fact that large banks typically see faster credit growth than the system. So a series of rate hikes could suggest that they are preparing for an improvement in credit demand.

Rate hike: SBI hikes retail deposit rates for second time in 2 months

Bankers said that the rate adjustments are also somewhat technical in nature, as lenders need to adjust their asset liability…

February 18, 2022 04:30 IST

Banks likely to curb pace of deposit rate hikes in near term

Some analysts think slowing the pace of deposit rate hike will likely result in lenders being forced to raise rates…

February 16, 2022 04:45 IST

Public sector banks see operating profit decline in Q3FY22

The management at PNB attributed the bank’s poor operational performance to the impact of a standstill on bad-loan recognition in…

February 16, 2022 00:30 IST

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