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State Bank Of India Sbi
Business  /  Published 22.10.20

SBI Cards reports higher NPA

SBI Cards has recorded a sharp deterioration in asset quality as the Covid-19 pandemic hit the repayment capacity of some of its customers. The SBI subsidiary saw its gross non-performing assets (NPA...
By Our Special Correspondent in Mumbai

Business  /  Published 07.10.20

New SBI chief allays fears on asset recast

The new State Bank of India (SBI) chairman Dinesh Kumar Khara on Wednesday indicated that the stress on its books because of Covid-19 was within “manageable limits” even as the lender has ...
By Our Special Correspondent in Mumbai

Jharkhand  /  Published 04.10.20

Phishing: Rs 3.44 lakh siphoned off

The Jamshedpur cyber cell officials on Sunday ordered a manhunt for a gang of cyber criminals. They have allegedly used fraudulent means to siphon off Rs 3.44 lakh from the bank account of a retired g...
By Kumud Jenamani in Jamshedpur

Business  /  Published 01.09.20

Big fall in GDP feared

Real GDP in the current fiscal is likely to shrink 10.9 per cent, State Bank of India’s research report – Ecowrap — has calculated after the country’s economy contracted a reco...
By Our Special Correspondent in New Delhi

Business  /  Published 31.08.20

Vedanta turns to SBI for syndicated loan

NTPC will seek shareholders’ nod to raise up to Rs 15,000 crore through issuance of bonds in the annual general meeting scheduled for  for September 24. The funds are proposed to be raised ...
By PTI in New Delhi

Business  /  Published 28.08.20

Ways to reduce friction

States can consider three options to enable them to tide themselves over the deficit caused by the shortfall in GST revenues. According to a report from the economic research wing of the SBI, one opt...
By Our Special Correspondent in Mumbai

Business  /  Published 21.08.20

Banks require Rs 2 lakh crore

The country’s largest lender SBI on Friday said its board has approved a proposal to raise Rs 8,931 crore by issuing Basel III compliant bonds to investors. The committee of directors for capit...
By Our Special Correspondent in New Delhi

Business  /  Published 21.08.20

R-Com: Rs 1200cr recovery order

The National Company Law Tribunal (NCLT) on Friday set the stage for insolvency proceedings against Reliance Communications chairman Anil Ambani after it appointed a resolution professional to recover...
By Our Special Correspondent in Mumbai

India  /  Published 17.08.20

Salve in Supreme Court for Jio now

The issue has become complicated after Salve argued last week on behalf of the committee of creditors that the IBC resolution process gives primacy to the claims of financial creditors -- which means ...
By Our Legal Correspondent in New Delhi

Business  /  Published 01.08.20

SBI net profit jumps 81%

State Bank of India (SBI) on Friday beat analyst estimates by posting an 81 per cent growth in net profits for the quarter ended June 30 with the bottomline getting a boost from a stake sale in its li...
By Our Special Correspondent in Mumbai


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