Bank union calls for penal laws to deter corporate defaulters
19 Jul 2014
Kolkata: Claiming the presence of a ‘nexus’ between politicians and corporate houses allowing companies to default bank loans at will, the Bank Employees Federation of India (BEFI) on Friday called for penal laws to deter such defaulters.
Sriram, Kannan appointed SBI Managing Directors
18 Jul 2014
Mumbai: State Bank of India (SBI) said it has appointed B Sriram and V G Kannan as Managing Directors and Group executives. Both come to SBI from group associates, where they held senior positions.
Bad loans under litigation rise 10 percent: AIBEA
19 Jul 2014
Mumbai: Bank employees union has claimed that bad loans under litigations have gone up by 10 percent to Rs 77,000 crore.
Draft Cab note for government stake dilution in SBI next month: Financial Services Secretary
19 Jul 2014
New Delhi: Finance Ministry is likely to prepare draft cabinet note for government stake dilution in State Bank of India in August to enable it to raise capital for meeting Basel III norms.
Government favours consolidation of PSU banks; bankers hail Budget
11 Jul 2014
New Delhi: Favouring consolidation in banking, Finance Minister Arun Jaitley said that he intends to reform the sector and give banks more autonomy to expand faster. The government will, the Finance Minister added, retain 51 percent holding in PSU banks that would help them to raise money over the next 3 years.
Determined to bring down consumer inflation: Raghuram Rajan
11 Jul 2014
Chennai: Reserve Bank of India Governor Raghuram Rajan has said that the central bank was ‘determined’ to make sure consumer inflation eases down along a ‘glide path’.
SBI to relook fire-safety norms in all branches: Official
15 Jul 2014
Chennai: Days after a fire broke out in one of the SBI offices located in heritage building here, a senior official on Monday said the bank has undertaken a ‘fire-safety audit’ in all its branches across the country.
Sensex up 149 points after RBI eases infra financing norms
16 Jul 2014
Mumbai: The benchmark BSE Sensex gained over 149 points in morning trade on Wednesday on increased buying by funds and retail investors after the RBI relaxed financing norms for infrastructure development and affordable housing.
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.
No magic wand to bring down bad loans: SBI Chief
01 Jul 2014
New Delhi: State Bank of India (SBI) Chairperson Arundhati Bhattacharya on Tuesday said she does not have a magic wand to deal with bad loans, which soared to Rs 61,605.35 crore at the end of March.
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