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Government is considering plan to reduce stake to 52 percent in state owned banks: Jayant Sinha

Government is considering plan to reduce stake to 52 percent in state owned banks: Jayant Sinha

28 Nov 2014

New Delhi: The Indian government is considering a plan to reduce stakes in state-run banks to 52 percent that could enable it to raise about 891.2 billion rupees (USD 14.39 billion), Minister of State for Finance Jayant Sinha told lawmakers on Friday.

Indian government,   MoS for Finance,   Jayant Sinha,   public sector banks,   SBI,   Bank of Baroda,  
BSE market capitalisation at Rs 100 trillion;investor wealth up 10 times in decade

BSE market capitalisation at Rs 100 trillion;investor wealth up 10 times in decade

28 Nov 2014

Mumbai: Scaling a new peak, the total investor wealth in Indian stock market on Friday hit a record high of Rs 100 trillion, marking a jump of ten times in little over a decade.

Bombay Stock Exchange,   BSE,   Indian Stock Market,   Sensex,   TCS,   ONGC,  Reliance Industries,   ITC,   Infosys,   HDFC Bank,   SBI,   Coal India,   ICICI Bank,   HDFC,   Sun Pharma,   HUL,   Bharti Airtel,   L&T,   Wipro,  Tata Motors,   HCL Tech,   NTPC ,  Axis Bank ,  
<strong>SBI</strong> loan to Adani group figures in Rajya Sabha

SBI loan to Adani group figures in Rajya Sabha

27 Nov 2014

New Delhi: SBI sanctioning USD 1 billion loan to Adani group's coal project in Australia was on Thursday raised in Rajya Sabha by Derek O'Brien (TMC), who said it smacks of crony capitalism.

SBI loan,   Adani group,   Rajya Sabha,   Derek O'Brien,   Zero Hour,   ,  
Fund raising via QIP surges to Rs 30,000 crore so far in 2014

Fund raising via QIP surges to Rs 30,000 crore so far in 2014

27 Nov 2014

New Delhi: Indian firms have garnered about Rs 30,000 crore through the Qualified Institutional Placement (QIP) route in the first ten months of this year, much higher than Rs 12,634 crore raked up in the entire 2013.

QIP,   Indian firms,   Qualified Institutional Placement,   Market,   Sebi,   SBI,   Yes Bank,   Idea Cellular,   Reliance Communications,   Sensex,  
Finance Minister discusses steps to control rising NPAs with PSU bank chiefs

Finance Minister discusses steps to control rising NPAs with PSU bank chiefs

20 Nov 2014

New Delhi: Concerned over rising bad loans, Finance Minister Arun Jaitley on Thursday discussed with PSU bank heads ways to bring down the incidence of Non-Performing Assets (NPAs).

Finance Minister,   Arun Jaitley,   Non-Performing Assets,   PSU bank,   NPA,  
Top seven companies add Rs 44,044 crore to investor wealth; <strong>SBI</strong> shines

Top seven companies add Rs 44,044 crore to investor wealth; SBI shines

23 Nov 2014

New Delhi: With markets continuing their dream run, seven of the ten most valued companies together added Rs 44,043.91 crore in market valuation, with state-run SBI emerging as the biggest gainer.

SBI,   Infosys,   Coal India,   ONGC,   TCS,   RIL,   ITC,   HDFC,  ICICI ,  
No Government role in <strong>SBI</strong> loan agreement with Adani: Prasad

No Government role in SBI loan agreement with Adani: Prasad

21 Nov 2014

New Delhi: Dismissing questions raised by Congress over SBI signing an MoU for extending USD 1 billion loan to Adani Group, Union Minister Ravi Shankar Prasad said the state-run bank takes its own commercial decisions and asserted the government had no role in it.

No Government role,   SBI,   loan agreement,   Adani,   Ravi Shankar Prasad,   deal,   business,  
RBI unlikely to cut rate in next policy review: <strong>SBI</strong> chief

RBI unlikely to cut rate in next policy review: SBI chief

20 Nov 2014

New Delhi: Ahead of the monetary policy review, SBI Chairperson Arundhati Bhattacharya on Thursday said RBI may leave interest rate unchanged in the next review but could soften its stance by end of the current fiscal.

monetary policy review,   RBI will cut interest rate,   SBI Chairperson,   Arundhati Bhattacharya,   leave interest rate unchanged,   fall in inflation,   RBI Governor,   Raghuram Rajan,   ,  
<strong>SBI</strong> shares hit 52-week high, up over 4 percent post healthy earnings

SBI shares hit 52-week high, up over 4 percent post healthy earnings

17 Nov 2014

Mumbai: Shares of country's largest lender State Bank of India on Monday rose by over 4 percent to touch its 52-week high level on the back of the company reporting 31 percent jump in its net profit in the September quarter and improvement in the asset quality.

State Bank of India,   NSE,   SBI Chairman,   Arundhati Bhattacharya,   Sensex,   Nifty ,  
<strong>SBI</strong> Q2 Net rises 31 percent to Rs 3,100 crore

SBI Q2 Net rises 31 percent to Rs 3,100 crore

14 Nov 2014

New Delhi: Country's largest bank State Bank of India (SBI) on Friday reported 30.5 percent growth in net profit at Rs 3,100.41 crore for the quarter ended September 30.

State Bank of India,   SBI,   net profit,   Q2,   second quarter,   profit,  

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