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State Bank Of India Sbi
Business  /  Published 05.06.20

SBI net profit at Rs 3580cr

State Bank of India (SBI) on Friday reported a four-fold rise in net profit for the quarter ended March 31, 2020, boosted by a stake sale in subsidiaries. However, the number fell short of analyst exp...
By Our Special Correspondent in Mumbai

Business  /  Published 10.10.18

Rakesh Sharma takes charge at IDBI Bank

Rakesh Sharma has taken charge as the managing director and chief executive officer of IDBI Bank with effect from Wednesday.The Union government had on October 5 announced Sharma’s appointment as th...
By Our Special Correspondent in Mumbai

Business  /  Published 10.10.18

Stocks recover on Dalal Street

The smile was back among investors as the benchmark indices staged a strong rally on short-covering even as buying was seen in beaten-down sectors such as financial and auto stocks.Equities hit the ri...
By Our Special Correspondent in Mumbai

Business  /  Published 18.08.19

Deep-dive hunt for credit malaise

Public sector banks have initiated a bottoms-up consultative process at the branch level for a diagnosis of the limp credit growth in the economy that threatens to derail Prime Minister Narendra Modi...
By A Staff Reporter in Calcutta

Business  /  Published 07.08.19

SBI quick to follow suit with MCLR cut

Interest rates on car, home and other loans are set to fall further with the RBI slashing the policy repo rate by 35 basis points. Within hours of its action, SBI, the country’s largest lender, lowe...
By Our Special Correspondent in Mumbai

Business  /  Published 16.04.20

Sop plea for elders

The research wing of the country’s largest bank — State Bank of India — has called for an exemption on the interest component on the Senior Citizen Savings Scheme in a bid to boost liquidity at ...
By A Staff Reporter in Calcutta

India  /  Published 26.09.18

Banks look at voluntary way to get Aadhaar data

Banks appear to be unfazed by the Supreme Court verdict that bars them from insisting on the submission of the Aadhaar number while opening new accounts.They already seem to have worked out a way to g...
By Our Special Correspondent in Mumbai

Business  /  Published 08.04.20

Hotels seek more tax breaks

The hospitality industry has sought an extension of the loan moratorium and an indirect tax holiday as its credit ratio has worsened amid a nationwide lockdown to prevent the spread of the coronavirus...
By A Staff Reporter in Calcutta

Business  /  Published 01.04.20

Sensex plunges over 700 points

Equity benchmark Sensex slumped over 700 points in early trade on Wednesday tracking losses in index heavyweights Reliance Industries, Kotak Bank, HDFC Bank and Infosys amid weak cues from global mark...
By PTI in Mumbai

Business  /  Published 05.11.18

SBI back in the black after 3 quarters in red

While net NPAs came down from Rs 99,236 crore to Rs 94,810 crore during the same period, the gross NPA ratio at 9.95 per cent saw a sequential drop of 74 basis points.During the quarter, while slippag...
By Our Special Correspondent in Mumbai


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