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.
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.
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.
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.
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.
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.
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.
23 Aug 2012
The State Bank of India (SBI) Thursday said its meeting with the central government on capital infusion could take place this week and that it expects Rs.4,000 crore (Rs.40 billion) infusion from the government.
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.
02 Apr 2015
New Delhi: CPI on Thursday asked the government to reveal the names of defaulters, especially the corporate houses, responsible for a large chunk of about Rs 2.60 lakh crore worth of unpaid bank dues, instead of merely focussing on asking people to give up LPG subsidies.