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 ...

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...

The country's largest bank SBI on Friday posted 81 per cent jump in standalone net profit to Rs 4,189.34 crore for the first quarter, aided by decline in bad loan and sale of minority stake in its...

The research wing of the State Bank of India on Wednesday stressed the need to conserve capital by public sector banks and identified three measures that could enable them to save capital worth Rs 3 l...

Two more private sector banks have joined the funds chase as they are set to mobilise at least Rs 25,000 crore to boost capital at a time bad loans are projected to rise following the Covid-19 pandemi...

The government has to take more steps besides lowering the cost of credit to make Indian MSMEs competitive in the global market, according to bankers. Punjab National Bank MD and CEO S.S. Mallikarjun...

The surge in equity markets is not linked to economic recovery and may be a sign of irrational exuberance, economists at the SBI said on Monday, pitching for a second round of fiscal support to help t...

State Bank of India, Ramgarh branch has completed all formalities and paperwork to transfer Rs 30 lakh each into the bank accounts of the mothers of three soldiers who were killed in a violent face-of...

The National Company Law Tribunal has granted six weeks to the promoters of Visa Steel to save the company from slipping into insolvency.NCLT Calcutta asked Visa Steel to get a clear order from Orissa...

Shares of Jet Airways soared on Monday on reports that a resolution plan for the troubled carrier could be finalised this week.On the BSE, the stock rose over 16 per cent to close at Rs 294.40 after t...