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SBI hits global debt markets, to raise up to $1 billion

Last Updated: Thursday, April 10, 2014, 15:46

The nation's largest lender State Bank of India has hit the overseas bond market with a dual tranche benchmark issue of 5-year and 10-year maturity to raise up to USD 1-billion.

SBI General sets 60% premium growth this fiscal

Last Updated: Sunday, April 06, 2014, 15:45

"In this fiscal we expect to grow at around 60 per cent, which we feel is reasonable," managing director and chief executive Bhaskar J Sarma told PTI.

SBI to offload up to Rs 4,000 cr bad loans to ARCs

Last Updated: Sunday, April 06, 2014, 15:40

"We are selling NPA between Rs 3,500-4,000 crore of NPA," SBI chairman and managing director Arundhati Bhattacharya said last evening at IIM Calcutta.

SBI extends special home loan scheme for women

Last Updated: Wednesday, April 02, 2014, 18:05

State Bank of India on Wednesday extended the last date for special home loan scheme offering concessional rate to women borrowers.

SBI to sell bad loans of Rs 3000 crore this fiscal

Last Updated: Saturday, March 22, 2014, 18:33

SBI chairman expressed confidence that NPA will be under control once the economic scenario start looking up.

SBI pays Rs 1456-cr advance tax for March quarter

Last Updated: Tuesday, March 18, 2014, 13:35

The lender, which controls nearly a fourth of the total banking assets, had paid Rs 1,450 crore as advance tax for the March quarter last fiscal.

In a first, SBI to sell around Rs 5000-cr NPAs to ARCs shortly

Last Updated: Monday, March 17, 2014, 11:43

The bank is also expecting at least Rs 9,500 crore of loans being restructured in the fourth quarter.

SBI Life to appeal against IRDA order of Rs 275-cr refund

Last Updated: Wednesday, March 12, 2014, 23:25

Private sector life insurer SBI Life Insurance will appeal against the IRDA order directing to refund Rs 275 crore to policy holders, which has been collected in violation of norms.

Export dip to continue on new EU norm: SBI Research

Last Updated: Tuesday, March 11, 2014, 22:25

Decline in exports, as witnessed in February for first time in eight months, is expected to continue for more time as the European Union has withdrawn preferential treatment to merchandise shipments from India, a State Bank Research report said Tuesday.

Playing is paying

Last Updated: Tuesday, March 11, 2014, 13:58

Go out and play. Its serious business now, says Patricia Mascarenhas while exploring the job opportunities that come with playing a sport.

New CSR rules not applicable to SBI, bank to comply voluntary

Last Updated: Sunday, March 09, 2014, 11:54

The new Corporate Responsibility Regulations notified recently was not applicable to the State Bank of India, but it would comply voluntarily.

SBI to raise Rs 8,00-1,200 cr by issuing shares to employees

Last Updated: Friday, March 07, 2014, 17:47

The bank had 2.23 lakh employees on its rolls as on December 2013.