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SBI

Defaulters owe 27% of total amount to SBI alone, PNB next

Defaulters owe 27% of total amount to SBI alone, PNB next

Punjab National Bank (PNB) is next on the list with 1,120 wilful defaulters having outstanding non-performing assets (NPAs) or bad loans of Rs 12,278 crore.

Parsvnath leases 74,000sq ft office area to WHO, Facebook India

Parsvnath leases 74,000sq ft office area to WHO, Facebook India

While the World Health Organisation (WHO) has taken on lease about 50,700 sq ft of office space for its headquarter, Facebook India has taken 23,000 sq ft area, Jain said.

ICICI Bank cut interest rate on savings account by 0.5%

The interest rate on savings bank accounts with deposits of Rs 50 lakh and above remains unchanged at 4 percent, the bank said in a regulatory filing.

PNB, HDFC Bank cut interest rate on savings account by 0.5%

PNB, HDFC Bank cut interest rate on savings account by 0.5%

The new interest rates of both the banks will be effective from August 19.

SBI slashes staff count, 10,000 employees to be redeployed

SBI slashes staff count, 10,000 employees to be redeployed

Out of the total staff planned to be redeployed, 2,000 amount to shift in administrative offices, and rest because of branch rationalisation.

SBI Q1 net profit jumps 5-fold to Rs 2,006 crore; NPAs spike

SBI Q1 net profit jumps 5-fold to Rs 2,006 crore; NPAs spike

SBI had reported a net profit of Rs 867.32 crore in the same quarter of last fiscal.

Bank NPAs register a significant growth during January-June: Survey

Bank NPAs register a significant growth during January-June: Survey

About 35 per cent reported tightening of credit standards for large enterprises during the first half of 2017 and about 40 percent expect further tightening in the next six months.

Lok Sabha passes bill approving merger of associate banks with SBI

The government on Thursday said the merger of the five associate banks with the SBI will lead to increased capital base and availability of loan, as the Lok Sabha passed the bill approving the amalgamation.

Rising NPAs in MSME sector in West Bengal worrisome: SBI

Rising NPAs in MSME sector in West Bengal worrisome: SBI

Starting August 5, 2017, SBI had introduced new system of assessment for the MSMEs across the country.

Axis Bank cuts interest rate on savings accounts by 0.50%

Axis Bank cuts interest rate on savings accounts by 0.50%

Within days of SBI slashing interest rate on savings bank account - Axis Bank - has followed suit, cutting it to 3.5 percent on deposits of up to Rs 50 lakh.

 

12 PSU banks firming plans to raise funds from markets

12 PSU banks firming plans to raise funds from markets

Board of PNB has given its approval for raising equity capital to the tune of Rs 3,000 crore through FPO, QIP or rights issue.

Seven of top-10 companies add Rs 40,799 cr in mcap

Seven of top-10 companies add Rs 40,799 cr in mcap

Seven of the top-10 most valued Indian firms together added Rs 40,799.71 crore in market valuation last week, led by RIL that emerged as the biggest gainer

After SBI, Kotak Mahindra Bank cuts savings rate by 0.50%

After SBI, Kotak Mahindra Bank cuts savings rate by 0.50%

A day after announcement of RBI's bi-monthly monetary policy review, Kotak Mahindra Bank on Thursday decided to slash interest on savings account deposits by 0.50 percent to 5.5 percent on balance between Rs 1 crore and Rs 5 crore.

SBI to mobilise Rs 2,000 crore via Basel-III bonds

SBI to mobilise Rs 2,000 crore via Basel-III bonds

SBI said the bonds will carry a coupon rate of 8.15 percent per annum with a call option after 5 years or the anniversary date thereafter.

Rate cut to boost credit demand, propel growth, say bankers

Rate cut to boost credit demand, propel growth, say bankers

EY India Chief Policy Advisor D K Srivastava said transmission of rate cut may be limited due to existence of excess liquidity and lack of private investment demand.

May save Rs 2,000 crore on rate cut: SBI

The SBI on Tuesday said its 50 basis points (bps) rate cut on savings accounts can lead to savings of Rs 2,000 crore over one year in case status quo is maintained and that there won`t be huge outflows due to rate cut.

SBI cuts interest rates for savings accounts by 0.5% to 3.5%

SBI cuts interest rates for savings accounts by 0.5% to 3.5%

According to the new structure, for saving deposits balance up to Rs 1 crores, SBI will offer a rate of 3.5 percent as compared to 4 percent earlier, the bank said.

Diageo asks Mallya to return USD 40 million, seeks compensation

Diageo asks Mallya to return USD 40 million, seeks compensation

Diageo's agreement with Mallya also provided for the five-year global non-compete, non-interference, non- solicitation and standstill commitments.

NCLT reserves order on Bhushan Steel bankruptcy petition

The National Company Law Tribunal (NCLT) on Wednesday reserved its order over the bankruptcy petition filed by the country's largest lender SBI against Bhushan steel Ltd.

SBI launches 'SBI Realty' portal for home buyers

SBI launches 'SBI Realty' portal for home buyers

India's largest commercial bank SBI on Tuesday said it has launched a dedicated portal 'SBI Realty' that will help home buyers to choose flats from its 3,000 approved projects across the country.