Rajnish KumarCorporate credit growth is limited but credit is growing well on the consumer front, SBI's Chairman-designate, Rajnish Kumar, said in a conference call on Thursday.
Rajnish Kumar was on Wednesday named the new chairman of State Bank of India (SBI), the country’s biggest lender. He would take over from current Chairman Arundhati Bhattacharya, who will complete her four-year term on Friday.
Shares of public sector banks (PSBs) continued to trade under pressure with Nifty PSU Bank index falling 7% in the past one week on concerns of the growth slowdown.
State Bank of India’s stand-alone net profit for the April-June quarter (Q1) of 2017-18, and the first after the merger of associate banks, dipped by 20.3 per cent to Rs 2,005 crore from Rs 2,520 crore in April-June 2016. However, the bank
Commercial banks are waiting for the Reserve Bank of India’s (RBI’s) policy rate action to decide on tweaking their savings bank rate, after State Bank of India (SBI) decided to cut its savings rate on Monday.
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on Tuesday admitted the State Bank of India’s (SBI’s) application for initiating insolvency proceedings against textile player Alok Industries.
In a push to digital payments, state-owned lender SBI will cut charges on electronic transfer of funds through NEFT and RTGS by up to 75 per cent from Saturday, benefiting nearly 5.27 crore customers, a release said today.
Rating agency Moody’s on Monday said the State Bank of India’s (SBI) raising of equity capital of Rs 15,000 crore was “credit positive&", meaning the bank’s rating could be raised as it strengthens the lender’s
The country's largest lender, the State Bank of India (SBI), has expressed apprehensions that demonetisation may continue to result in slowing down of the economy and adversely affect its business.
Top Indian lender State Bank of India will launch a planned share sale of as much as $2.3 billion as early as this week to raise funds from institutional investors, several sources familiar with the plans said on Monday.
The State Bank of India (SBI), the country’s largest lender, has launched share sales through private placement to raise about Rs 11,000 crore to shore up its capital adequacy ratio.
Shares of public sector undertaking (PSU) banks were under pressure, falling by up to 12% on the National Stock Exchange (NSE) in intra-day trade on profit bookings.
Shares of State Bank of India (SBI) moved higher by 3.6% to Rs 314, its highest level since March 4, 2015 on BSE, after the state-owned bank reported a better than expected results for the fourth quarter ended March 2017 (Q4FY17).
State Bank of India (SBI) reduced its interest rate by 25 basis points (bps) on home loans up to Rs 30 lakh, to 8.35 per cent, from Tuesday for new women borrowers. For male borrowers, the cut is by 20 bps, to 8.4 per cent.
State Bank of India logo. File photoIndia's largest lender, the State Bank of India (SBI), on Monday announced a steep reduction of 25 basis points (bps) in affordable housing loans to 8.35 per cent for new borrowers.
Shares of public sector undertaking (PSU) banks were trading higher for the third straight trading sessions as the cabinet approved an ordinance to amend the Banking Regulation Act to tackle the mounting non-performing assets (NPAs) of public sector
State Bank of India (SBI), the country’s largest lender, sees a “positive turnaround&" in the nation’s bad loan mess after the government implements a new rule aimed at resolving the problem, the chairman of the lender said.
Shares of public sector banks (PSBs) were in focus on Tuesday, with the Nifty PSU Bank index hitting a 52-week high on the National Stock Exchange (NSE) in intra-day trade. Profit booking at higher levels saw the index pare gains and close flat.
State Bank of India (SBI) surpassed oil exploration major Oil & Natural Gas Corporation (ONGC) to become most valued public sector undertaking (PSU) stock in terms of market capitalization (m-cap) in intra-day trade on Tuesday.
