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SBI to invest in high quality stocks only: Chaudhuri SBI to invest in high quality stocks only: Chaudhuri State Bank of India (SBI) will invest in high quality stocks only which have good trading volumes and less volatility, Chairman of the bank Pratip Chaudhuri said Thursday.
SBI plummets over 8%; m-cap down Rs 12,867 cr on weak results SBI plummets over 8%; m-cap down Rs 12,867 cr on weak results Following the earning results, shares of State Bank of India plummeted by 8.87 percent to Rs 2,154.5 in intra-day trade on the BSE. SBI scrip finally ended at Rs 2,176.20, down 7.96 percent from its previous close.
SBI Q4 Net dips 18.5% on higher provisioning; shares tank 8% SBI Q4 Net dips 18.5% on higher provisioning; shares tank 8% Reacting to the below expected numbers, shares tanked 8.87 percent on BSE, wiping off Rs 12,867 crore from its market value.
SBI aims for 25% deposit growth in 2013-14 fiscal SBI aims for 25% deposit growth in 2013-14 fiscal State Bank of India is projecting a deposit growth of 25 percent during the current fiscal compared to 14.85 percent in 2012-13.
Top six cos add Rs 40,053 cr in market value; ONGC, SBI shine Top six cos add Rs 40,053 cr in market value; ONGC, SBI shine Six of the top-10 most valued Indian companies have added Rs 40,053 crore to their market capitalisation, with ONGC and SBI emerging as biggest gainers.
Selling less gold coins may not reduce consumption: SBI chief Selling less gold coins may not reduce consumption: SBI chief On the back of huge gold imports, the Reserve Bank of India (RBI) earlier suggested that banks should be less active on selling gold coins at their branches, seeking to check demands for gold.
SBI Mutual Fund ties up with NISM SBI Mutual Fund ties up with NISM SBI Mutual Fund Saturday announced its strategic alliance with National Institute of Securities Markets (NISM) for conducting mutual fund distributors' (MFD) certification examinations at select learning centers.
Let RBI be sole regulator for all home loans: SBI Let RBI be sole regulator for all home loans: SBI The State Bank of India Saturday suggested that the Reserve Bank of India should be the regulator for all home loans provided by banks or housing finance companies.
Overseas business margins under pressure: SBI Overseas business margins under pressure: SBI The bank would review RoEs of overseas and domestic business.
SBI Mutual Fund launches gold accumulation facility SBI Mutual Fund launches gold accumulation facility SBI Gold Fund is an open ended fund, which enables the common man to invest systematically in gold without the need of buying and storing physical gold and that too without a demat account.
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