The country's largest lender State Bank of India (SBI) and Union Bank of India are looking to sell their non-performing loans totalling Rs 2,836 crore to banks, asset reconstruction companies and other financial institutions.
The country's largest lender State Bank of India (SBI) on Monday announced a reduction in its external benchmark-based rate by 25 basis points to 7.80 per cent from 8.05 per cent.
Six of the 10 most valued Indian companies suffered a combined erosion of Rs 64,419.10 crore in market valuation last week, with RIL taking the biggest knock.
To minimise the number of unauthorized transactions happening on ATMs, the State Bank of India has decided to introduce the OTP-based cash withdrawal system.
The Reserve Bank on Thursday appointed Jammu & Kashmir Bank as the lead banker for the newly carved out union territory of Jammu and Kashmir. State Bank of India (SBI) will be the lead convenor bank for union territory of Ladakh.
After rising 284 points in early session, the 30-share index was trading 244.04 points or 0.60 per cent higher at 40,825.75. Similarly, the broader Nifty was trading 66.20 points or 0.55 per cent up at 12,038.
Leading stock exchange BSE on Thursday said SBI Cards & Payments Services has made an application to list commercial paper for an issue size of Rs 400 crore. Post-process, the effective date of listing for the commercial paper at the exchange will be December 13, BSE said in a statement.
SBI Alert: State Bank of India (SBI) has warned its account holders about Malwarebytes present at mobile charging stations through which online fraudsters or hackers get a chance to steal your passwords and personal data
India's largest public sector bank -- State Bank of India -- has issued an advisory for all its customers to update their magnetic stripes ATM-cum-debit cards to those with EMV chip before December 31, 2019. The bank has said that the old cards will get inactive or will be blocked from January 1, 2020.
SBI account holders alert! Operations of the State Bank of India or SBI Bank were halted for over an hour on Monday after the weekend core banking system upgrade threw up glitches. The ATM operations were also affected.
"The executive committee of the central board of directors (ECCB) of the bank at its meeting held today has accorded approval, for divestment of SBI stake in UTI AMC up to 8.25 per cent through IPO," SBI said in a regulatory filing.
Credit Card Holders Alert! Credit cardholders often end up making a big mistake and i.e. not paying their credit cards pending bill. Credit card default is levied on non-payment of long-pending bills as benefits of a credit card far outweigh the disadvantages. Not paying pending bills may lead you to pay hefty penalties or even criminal suit.
According to Station House Officer (SHO) Pawan Sharma, the burglars entered the bank, 25 km from the Delhi-Dehradun highway, on Monday night by breaking a wall. The matter came to light after the staff members reached the bank on Tuesday morning, he said.
All India Institute of Medical Sciences (AIIMS) -- India's premier medical institute -- has fallen prey to banking fraud accounting for a whooping ₹12 crore. As per reports, ₹12 crore have been stolen from two separate SBI accounts belonging to the hospital by allegedly using 'cloned cheques' over the past one month. The money has been siphoned off from the bank accounts the AIIMS has with the State Bank of India (SBI) from its non-home branches in other cities.
After hitting its life-time high, the 30-share index pared some gains to trade 52.93 points, or 0.13 per cent, higher at 41,073.54 in morning session. Similarly, the broader Nifty touched an all-time high of 12,138.30 before slipping slightly to quote 11.30 points, or 0.09 per cent, up at 12,112.
"The two variants of the 'Club Vistara SBI' card come with several benefits and privileges, such as complimentary Club Vistara Silver/Base tier membership, welcome tickets on Vistara's domestic network, one-class upgrade voucher (and) free cancellation on Vistara bookings," said the press release by the airline.
SBI's market capitalisation on Friday stood at a low Rs 2.95 lakh crore, which is just about 42 per cent of private-sector HDFC Bank's Rs 7.02 lakh crore, while SBI's loan-book is Rs 22.48 lakh crore, and the same for HDFC Bank is under Rs 9 lakh crore.
Last Friday, the government had notified Section 227 of the IBC empowering the RBI to refer financial sector players like NBFCs and HFCs, but excluding banks, with assets worth of at least Rs 500 crore to insolvency courts.
The issue saw a keen fight among banks and separately between the financial institutions and Essar Steel's operational creditors who alleged that ArcelorMittal's winning bid did not meet their dues. ArcelorMittal already won the bid for Essar Steel, having got the NCLT approval for its Rs 42,000 crore bid.
The high court said payments to banks and NBFCs, pursuant to any securitisation or similar agreement, will be allowed. Last month, Justice A K Menon had restrained the Dewan Housing Finance Corporation (DHFL) from making further payments to any unsecured creditors until further orders
Top News
Latest News
