SBI to open 1,200 branches, 8 overseas offices next fiscal
17 Mar 2013
State Bank of India (SBI) plans to open about 1,200 branches in the country and another eight branch offices overseas, including China and the UK, in the next fiscal.
FM asks banks to focus on top defaulters to address rising bad loans
03 Jul 2013
Concerned over rising bad loans, Finance Minister P Chidambaram on Wednesday asked banks to focus on top defaulters and take action against them.
Don't have any NPA in telecom sector, says SBI
14 Jun 2012
State Bank of India on Thursday said it does not have any non-performing asset (NPA) in the telecom sector as the loans were given to well known corporate houses against their group guarantees.
S&P cuts SBI rating on weak asset quality concerns
10 Oct 2012
Global rating agency Standard & Poor's (S&P) on Wednesday revised downward credit rating of State Bank of India (SBI) by a notch to 'BBB-' on expected deterioration in the asset quality.
SBI registers first profit growth in six quarters, Q1 net up 3.3 percent
09 Aug 2014
Mumbai: Registering its first profit growth in six quarters, country's largest bank State Bank of India (SBI) posted 3.3 percent rise in net profit at Rs 3,349.08 crore in the three months to June, notwithstanding a steep 72 percent hike in provisioning for bad loans.
Rajan meets top bankers, discusses NPA woes
15 Dec 2015
Mumbai: Days after the Reserve Bank set March 2017 as the deadline for lenders for cleaning up balance sheets, top bankers today met Governor Raghuram Rajan to discuss a way out of the asset quality woes.
A Father’s Letter To His Married Son
25 Nov 2016
Dear KabirWhen you read this letter; you might be surprised to know that it is from your dad who never likes being so expressive. But yes, this time I have decided to pen down all my emotions and feelings so that every word inks on your heart forever and guides you whenever you divert from your path.
SBI Net Profit Falls 32 Percent In First Quarter
13 Aug 2016
Mumbai: India's largest public sector lender State Bank of India (SBI) on Friday reported a 32 percent fall in its standalone net profit to Rs 2,520.96 crore in the 2016-17 fiscal's first quarter ended June 30, compared with Rs 3,692.43 crore in the corresponding quarter last year.
Sensex ends flat; SBI tanks over 4 percent on NPA concerns
10 Aug 2012
In listless trading, Sensex on Friday closed three points down as cautious sentiment prevailed in the stock market over corporate earnings amid shares of SBI falling over 4 percent on worries over rising bad loans.
Fitch downgrades banking outlook to negative on high NPAs
06 Jul 2016
Mumbai: Rating agency Fitch has downgraded the banking sector outlook to negative, from stable, due to more downside risks emanating from rising stressed loans and weak corporate earnings, which may further roil banks.
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