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.
Mon, Feb 27, 2017
Based on the asset quality review (AQR) guidelines brought in by the government in late 2015 banks have been making substantial provisions as the NPA levels have increased sharply.
Fri, Feb 24, 2017
One estimate from the Economic Survey suggested that 57% of the top 100 stressed debtors would need debt reductions of 75% to make them viable.
Wed, Feb 22, 2017
She said telcos being commercial entities have their objectives to ensure that they can carry voice, data with better clarity and speed and to make profits.
Tue, Feb 21, 2017
According to sources, the arrest of bankers by investigating agencies also came up during the meeting.
Fri, Feb 10, 2017
Percentage of CASA deposits to total domestic deposits as at December 31, 2016 was 40.46% as against 34.23% as at September 30,2016.
The bank's gross non-performing assets (NPAs) rose to 7.23%.
Thu, Feb 09, 2017
The bank's gross non-performing assets (NPAs) stood at 13.38% as against 9.18% during the same period last year.
The banks have denied such rumours.
Tue, Feb 07, 2017
The deposits increased to Rs 2.98 lakh crore as on Q3FY17 from Rs 2.34 lakh crore on Q3FY16.
Sat, Feb 04, 2017
In order to address the bankruptcy issue in the financial sector, government is likely to introduce a Bill for resolution of insolvent financial firms during the current session of Parliament.
Tue, Jan 31, 2017
Net interest income was Rs 5,363 crore in the FYQ317 compared to Rs 5,453 crore FYQ316.
The bank's provisions and contingencies for the quarter (Q2FY17) had increased by 651.75% to Rs 7082.69 crore.
Stressed-asset ratio for Indian bank predicted to increase to 12% for the current fiscal earlier, is expected to go up further.
Mon, Jan 30, 2017
The company's gross non-performing assets and net NPA stood at 1.47% and 0.39% respectively.
The company is eyeing to tap movie launches and sponsoring local sports as a part of its marketing campaigns
Wed, Jan 25, 2017
The gross non-performing assets was 2.42% and net NPA was 1.07% till December 31, 2016.
Tue, Jan 24, 2017
Gross NPA in Q3FY17 stood at Rs 2940 crore as against Rs 2716 crore in Q3FY16.
As at December 31,2016, the total assets under management of the company was Rs 1,136.11 billion which makes it one of the largest fund managers in India.
Gross non-performing assets rose to 1.05% of gross advances as compared to 0.97% in Q3FY16.
Fri, Jan 20, 2017
Recoveries and upgrades were Rs 350 crores while write-offs during the quarter were Rs 122 crores.
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