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.
SBI launches debit card-less instant money transfer facility
27 Jul 2016
Mumbai: State Bank on Monday launched a payment system at its ATMs which will allow the account holders transfer money using mobile phone number as identifier.
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.
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.
SBI Q4 net down 66 percent on bad loans
28 May 2016
Kolkata: Weighed down by bad loans, top lender SBI saw 66.2 percent plunge in net profit to Rs 1,264 crore as it more than doubled the provision for stressed assets in the fourth quarter of last fiscal ended March 31.
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.
SBI associates' staff goes on strike against merger
20 May 2016
Mumbai: Nearly 50,000 employees of five associate banks of State Bank of India have gone on a day-long nationwide strike today to protest the proposed merger with their parent bank.
SBI, CaixaBank ink pact to fund Indo-Spanish JVs, local biz
10 Jun 2016
New Delhi: SBI and Spain's CaixaBank have inked pact to provide loans to Indo-Spanish joint ventures and local enterprises here.
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.
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