Tue, Oct 03, 2017
SBI Life, which is a subsidiary of State Bank of India, had raised up to Rs 8,400 crore via IPO (initial public offer). Its three-day IPO was oversubscribed by 3.58 times.
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Thu, Sep 28, 2017
The new home loan 'Cashback', offers borrowers the benefit of 1% cashback on every EMI, for the entire tenure of the loan.
Mon, Sep 25, 2017
State Bank of India also decided to treat the metro and urban centres in the same category and the requirement of MAB in metro centres stands reduced to Rs 3000 from Rs 5000 earlier.
Thu, Apr 27, 2017
The bank registered consolidated net profit ot Rs 1,404 crore, an increase of 33% on y-o-y basis.
Wed, Apr 26, 2017
For the full financial year, the bank registered a net profit of Rs 3679 crore, a decline of 55% on y-o-y basis.
In the last quarter the bank's Gross Non Performing Assets (GNPAs) climbed to Rs 20,467 crore as against Rs 16,379 crore at the end of September 30, 2016.
Tue, Apr 25, 2017
Patel said that divestment in public sector banks would have a positive role for the sector. "Divestment measures would improve overall banking sector health," he said.
Fri, Apr 21, 2017
The company’s Solvency Ratio was at 2.10x against the minimum regulatory requirement of 1.5x.
Wed, Apr 19, 2017
The market often confuses liquidity with institutional activity (net purchase or sale), in our view, Prasad added.
After duly taking into account provision impact of the divergences, the Bank’s Credit Cost is at 53 bps for FY17 and 19 bps for Q4FY17.
Tue, Apr 18, 2017
The outlook on the asset quality of the banking sector seems to be weak even as the fresh non-performing asset (NPA) generation rate continues to show signs of moderation.
Sun, Apr 16, 2017
For the year to March, banks' outstanding credit stood at Rs 78.81 trillion compared to Rs 75.01 trillion as of April 1 2016, show the central bank data.
Fri, Apr 14, 2017
LIC has been into the business of insurance but they don't have expertise on loan risk assessment and resolution, sources said.
The profit before tax (PBT) was at Rs 81 crore in Q4FY17, an increase of 17% as compared to Rs 70 crore in Q4FY16.
Tue, Apr 11, 2017
Axis Bank on Tuesday clarified that the bank has "zero tolerance" towards any devious procedures and is fully co-operating with the Central Bureau of Investigation (CBI) during investigations at Ahmedabad Axis Bank branch.
Thu, Apr 06, 2017
The RBI also increased minimum capital requirement for asset reconstruction companies to Rs 100 crore from Rs 2 crore earlier today.
Wed, Apr 05, 2017
The combined gross non-performing assets (GNPAs) of all the five associates is over half of SBI's.
Mon, Apr 03, 2017
RBI`s other deputy governors are Viral Acharya, S.S. Mundra and N.S. Vishwanathan.
These new rates effective from April 1 are not applicable on Surabhi, Basic Savings Bank and PM Jan Dhan Yojana accounts.
Post-merger, all the customers of associate Banks will enjoy access to a wide array of digital products and services offered by the State Bank of India, the lender said.
Sat, Apr 01, 2017
The Association also shot off a letter to Finance Minister Arun Jaitley, seeking his intervention in the matter.
SBH`s total business stood at Rs 2.60 lakh crore as on December 30, 2016.
The merged entity will have a deposit base of more than Rs. 26 lac crores and advances level of 18.50 lac crores.
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![Is "liquidity" actually helping in reviving Indian markets?](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2017/04/19/17762-rupee-zeebiz-tream.jpg?itok=T5kj4u3x&c=22a12e4955a45ac46b05732047323c73 "Is "liquidity" actually helping in reviving Indian markets?")
