Mon, Mar 16, 2020
Shares of SBI Cards and Payment Services made a weak debut, plunging nearly 13 per cent, against its issue price of Rs 755.
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Fri, Mar 13, 2020
State Bank of India said that its Executive Committee of Central Board (ECCB) has approved the purchase of 725 crore shares in Yes Bank at Rs 10 per share
Tue, Jan 14, 2020
In a major step, a Memorandum of Understanding (MoU) was signed between South Central Zone of Indian Railways and State Bank of India (SBI) for Doorstep Banking for direct pickup of earnings covering all 585 Railway stations over SCR Zone.
Tue, Jul 19, 2016
Bad loans in the public sector and scheduled commercial banks of India have risen in FY16 on the back of sluggish domestic growth, slowdown in recovery of the global economy and fall in exports.
Thu, Jul 14, 2016
The Supreme Court (SC) said on Thursday that it would hear the contempt petition filed by a consortium of banks against businessman Vijay Mallya on July 18.
Sun, Jul 10, 2016
Banking operations could be hit for two days this week as a section of public sector bank employees have threatened to go on a nationwide strike beginning July 12 to protest against the proposed merger of SBI associates and privatisation of IDBI Bank.
Mon, Jul 04, 2016
The Finance Ministry has finalised plan for the first round of capital infusion for public sector banks and funds would be granted to some of the lenders within next few weeks.
Sat, Jul 02, 2016
The agreements were signed by Karnam Sekar, Deputy Managing Director, SBI and Onno Ruhl, Country Director, World Bank India.
Fri, Jul 01, 2016
The Reserve Bank of India had granted an 'in-principle' approval to Mukesh Ambani-led RIL as a promoter for setting up of payments bank.
Wed, Jun 15, 2016
India's largest lender, State Bank of India (SBI) and American Express have entered into alliance to expand AmEx card acceptance in India.
Sajan Poovaiah, counsel for Kingfisher Finvest, hit back at bankers' counsel, saying the bankers have been shameful in their endeavours to give loans to Mallya even after he had defaulted.
Tue, Jun 14, 2016
The scrip of Punjab National Bank (PNB) surged 5.18%, Bank of India rose by 3.14%, Bank of Baroda climbed 2.43% on the Bombay Stock Exchange (BSE).
During the Debt Recovery Tribunal's (DRT) proceedings post-lunch session, counsel for Kingfisher Finvest India pleaded before the Presiding Officer to hear the company's three IAs, including the 'Lifting of Corporate Veil', which is being heard by the tribunal after the bankers' made the plea.
Sun, Jun 12, 2016
"A team of 15-20 members has been set up and it has started working on the framework for the merger. The team is headed by a general manager and there are a few deputy general managers," a source said.
Thu, Jun 09, 2016
Marginal Cost Funds-based Lending Rate (MCLR) is the new methodology to calculate interest rate on advances.
Tue, Jun 07, 2016
Banking stocks rise as Rajan decides to maintain status quo. The S&P BSE Bankex rose nearly 1% on Tuesday as Raghuram Rajan, Governor, Reserve Bank of India (RBI), decided to keep repo rate unchanged at 6.5%.
Mon, Jun 06, 2016
Jaitley pointed out that PSBs actually made operating profits of Rs 1.40 lakh crore in 2015-16.
Sun, Jun 05, 2016
Jaitley, who was on a six-day visit to Japan to attract investments, said the losses were because of provisioning to cover for bad debt.
Thu, Jun 02, 2016
The court passed an ex-party order while hearing the petition that was filed by consortium of banks led by the State Bank of India seeking the same.
Wed, Jun 01, 2016
Under the new rate structure effective from Wednesday, the ICICI Bank will give out overnight loans to new borrowers at 8.95%, while the one-year MCLR, to which its housing loans are linked, now comes down to 9.15%.
The Minister said the payments bank, which will be run by Chief Executive Officer, will be professionally managed and there will be a representation from various other government departments including the Department of Posts, Department of Expenditure, Department of Economic Services, etc.
Sun, May 29, 2016
With the addition, the total number of ATMs of public sector banks increased to 1,42,557 at March-end.
Sat, May 28, 2016
The banking sector still remains largely male-dominated and even this year the hiring trend is likely to continue being in the favour of men, an 'India Skill Report 2016', says.
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