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<strong>SBI</strong> Q4 net down 66 percent on bad loans

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.

SBI,   state bank of india,   SBI shares,   SBI profits,   bad loan,   business news,  
<strong>SBI</strong> associates' staff goes on strike against merger

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,   SBI employee,   SBI staff strike,   SBI merger,   Banks in India,   State Bank of Bikaner and Jaipur,   State Bank of Hyderabad,   State Bank of Mysore,   State Bank of Patiala and State Bank Of Travancore,   Business news,  
Tamil Nadu polls: Vehicles transporting Rs. 570 crore seized near Tirupur

Tamil Nadu polls: Vehicles transporting Rs. 570 crore seized near Tirupur

15 May 2016

Mumbai:  An election officers seized Rs 570 crore in cash from three containers in poll-bound Tamil Nadu in the wee hours yesterday. However, the State Bank of India said last evening that it was the bank's legitimate cash.

Tamil Nadu Cash Seized,   SBI cash Seized,   Election Officers Seized,   State Bank of India,   Latest States News ,  
Consolidation government policy; need global-sized institutions, says Arun Jaitley

Consolidation government policy; need global-sized institutions, says Arun Jaitley

18 May 2016

New Delhi: The proposal of SBI to merge its five associate banks with itself and acquire Bharatiya Mahila Bank is in line with the government's policy of consolidation as the country needs global-sized institutions, Finance Minister Arun Jaitley today said.

Finance Ministry,   Arun Jaitley,   SBI,   Government policy,   Bharatiya Mahila Bank,   Arundhati Bhattacharya,   State Bank of Bikaner and Jaipur,   State Bank of Travancore,   State Bank of Patiala,   State Bank of Mysore,   State Bank of Hyderabad,   Business news,  
<strong>SBI</strong> revises lending rates based on new methodology

SBI revises lending rates based on new methodology

31 Mar 2016

New Delhi: State Bank of India revised lending rates based on marginal cost of funds, a new methodology that will take effect from tomorrow.

State Bank of India,   Revised Lending Rates,   SBI New Lending Rate,   Latest Business News ,  
<strong>SBI</strong> to raise remaining Rs 5,000 crore via issue of debt instruments

SBI to raise remaining Rs 5,000 crore via issue of debt instruments

10 Mar 2016

New Delhi: Banking major SBI yesterday said its board has approved raising the remaining Rs 5,000 crore of the Rs 12,000-crore fund raising programme through private placement of Basel-III compliant debt instruments.

SBI,   state bank of india,   SBI funds,   SBI debt,   debt instruments,   SBI shares,   SBI losses,   SBI profits,   Latest Business News,  
<strong>SBI</strong> starts auction of Mallya's Kingfisher House

SBI starts auction of Mallya's Kingfisher House

17 Mar 2016

Mumbai: Lenders to long-grounded Kingfisher Airlines, owned by beleaguered businessman Vijay Mallya, today began auctioning the KFA headquarters - Kingfisher House - situated near the domestic airport here.

Mallya row,   SBI,   Consortium of banks,   Vijay Mallya,   Loan defaulter,   auction of Kingfisher House,   Kingfisher,   State Bank,   Latest Nation News,  
<strong>SBI</strong> partners Uber for instant vehicle financing

SBI partners Uber for instant vehicle financing

16 Mar 2016

Mumbai: Public sector lender SBI has tie-up with taxi-aggregator Uber to provide instant vehicle finance to 'driver-partners' on the latter's platform.

State Bank of India,   SBI,   SBI Uber Finance,   Uber,   Latest Business News ,  
<strong>SBI</strong> raises Rs 500 crore via issue of bonds

SBI raises Rs 500 crore via issue of bonds

22 Mar 2016

New Delhi: The country's largest lender, SBI, today said it has raised Rs 500 crore from issue of bonds on a private placement basis.

SBI,   private placement basis,   fund raising programme,   debenture,   SBI stock,   Latest Business News,  
Rajan meets top bankers, discusses <strong>NPA</strong> woes

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.

Rajan meets bankers,   Rajan on NPA,   RBI,   Reserve Bank of India,   Raghuram Rajan,   Latest Business News ,  

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