State Bank Of India Sbi
Business  /  Published 22.12.21

SBI buys minority stake in JSW Cement

The country’s largest lender State Bank of India (SBI) has acquired a minority stake in JSW Cement Ltd at an investment of Rs 100 crore. SBI has acquired compulsorily convertible preference shar...
By Our Special Correspondent in Mumbai

Business  /  Published 16.12.21

SBI prepares for IPO of mutual fund arm

SBI Mutual Fund (SBI MF) may soon be listed on the bourses. State Bank of India (SBI) which holds almost 63 per cent in the fund house on Wednesday said it planned to offload 6 per cent of its stake t...
By Our Special Correspondent in Mumbai

India  /  Published 30.11.21

Cannot wait for Mallya 'forever', says SC

The Supreme Court on Tuesday said that the case involving fugitive businessman Vijay Mallya will be dealt with finally on January 18 next year. Mallya owes over ₹9,000 crore in form of unpaid l...
By Our Bureau and Agencies in New Delhi

Opinion  /  Published 06.11.21

Bankers in a stew

Bankers have been cowering in fear for years, terrified at the prospect of being dragged out of retirement and hounded by federal agencies for what they later construed as fraudulent or bad faith comm...
By The Editorial Board

Business  /  Published 04.11.21

Provision fall boosts SBI net

State Bank of India (SBI) on Wednesday topped Street expectations to report a 67 per cent jump in standalone net profits for the second quarter ended September 30 on a decent growth in its core income...
By Our Special Correspondent in Mumbai


Business  /  Published 02.11.21

Ex SBI chief arrested

In a development that has sent shock waves through the banking industry, former State Bank chairman Pratip Chaudhuri was arrested in an alleged loan scam case related to a hotel in Jaisalmer, Rajastha...
By Our Special Correspondent

Business  /  Published 19.10.21

RBI slaps fines on SBI, StanChart

The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of Rs 1 crore on the State Bank of India (SBI) and a Rs 1.95 crore fine on Standard Chartered Bank for the violation of various gui...
By PTI in New Delhi

Business  /  Published 04.10.21

Uco Bank to get new MD

The government is considering appointing Soma Sankara Prasad, the deputy managing director of State Bank of India, as managing director of Calcutta-based Uco Bank.  The Banks Board Bureau (BBB) ...
By PTI in New Delhi

Business  /  Published 27.09.21

FM signals more mega bank mergers

India needs four to five “SBI size” banks to meet the growing needs of the economy and industry, finance minister Nirmala Sitharaman said on Sunday.  Addressing the 74th annual genera...
By PTI in Mumbai

Business  /  Published 22.09.21

Case for tax cut on deposit interest

A State Bank research report has suggested  major changes in the tax treatment of interest rate on bank deposits as the real interest rate on deposits have turned negative amid the lure of return...
By Our Special Correspondent in Mumbai


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