Page 25 - Sbi

SBI rolls out slew of offers for retail customers ahead of festive season

Offers include 100 per cent waiver of processing fee for all customers applying for car, gold, and personal loans through Yono

Status quo policy regardless of late MPC member induction: Experts

While new members will be domain experts, it would be too early for them to properly grasp of the situation once they get to see a tiny picture of the real economic scene at hand

SBI Cap takes over collateral for 56% stake in Jindal Stainless

As on June 30, 2020, promoter and promoter group of Jindal Stainless held 68.12 per cent stake in the firm company with the balance 31.88 per cent being public shareholding.

SBI relocates financial inclusion to Delhi for better synergy with govt

In a bid to promote financial inclusion and better coordination with the government, State Bank of India (SBI) on Friday relocated the financial inclusion and micro market (FI&MM) division from its Mumbai corporate office to the national capital. The FI&MM division takes care of 8,000 rural and semi-urban branches catering to bottom of the pyramid segment and 64,000 customer service points (CSPs) managed by business correspondents and 58,000 ATMs. Besides, the division is responsible for running all the government-sponsored schemes, including direct benefits trasfer like PM-KISAN, in coordination with various departments and ministries. According to SBI Chairman Rajnish Kumar, the focus of the Delhi-based division will be community service, financial inclusion and running government-sponsored schemes. The new office of the vertical inaugurated by the SBI chairman will be headed by Deputy Managing Director Sanjeev Nautiyal. Earlier, the vertical was part of retail overall ...

MARKET WRAP: Sensex surges 835 pts, Nifty reclaims 11K; Nifty IT up over 3%

All that happened in the markets today

How loan restructuring scheme can impact your finances: Things to know

The accumulated interest will increase the principal and you will have to pay a higher interest rate on it

UTI MF, Mazagaon Dock IPOs open Sept 29, Angel Broking sees muted demand

The Rs 600-crore IPO of Angel Broking garnered nearly four times subscription

SBI to levy 1% more on working capital under debt restructuring

Any concessions provided during the resolution period will result in right of recompense

Banks may recast Rs 2-trillion loans, says SBI chairman Rajnish Kumar

India Ratings had earlier said banks may have to restructure loans worth Rs 8.4 trillion

Stressed funds set to make beeline for India on spike in Covid-driven NPAs

Bankers expect bad debt worth $35 bn to be up for grabs, in addition to $110 bn already in the system; Blackrock, SBI Cap, Brookfield eyeing stressed assets

SBI launches e-facility to check eligibility for retail loans restructuring

Reserve Bank of India had announced a one-time restructuring scheme for personal loan and corporate borrowers affected by Covid-19 stress

Step up infra investment to spur demand, revive economy: SBI chief

Says banks not risk averse, they are being prudent

FinCEN files: Major Indian banks figure in suspicious transactions list

Banks say they themselves red-flagged the transactions to RBI, authorities

State Bank of India raises Rs 7,000 cr via Basel III compliant bonds

The bonds qualify as tier II capital of the bank, and has face value of Rs 10 lakh each, bearing coupon rate of 6.24 per cent per annum payable annually for a tenor of 10 years, it said

Retail customers yet to approach us in big numbers for loan recast: SBI MD

SBI has launched a portal for retail customers to check eligibility for personal loan restructuring

PSBs report 2,867 cases of frauds worth Rs 19,964 cr in April-June qtr: RBI

Of the 12 PSBs, SBI reported the maximum 2,050 fraud cases involving Rs 2,325.88 crore during April-June 2020

Covid-19 pandemic hits value of Indian brands, says Kantar report

Like major banks - State Bank of India, Axis Bank, and IndusInd Bank, top auto brands such as Maruti Suzuki, Bajaj Auto, and Hero MotoCorp have suffered significant losses

SBI open to global partnership for resolution of stressed assets: Chairman

According to rating agency ICRA, the total quantum of the debt which can get restructured will be between Rs 6 trillion and Rs 10 trillion

Supreme Court rejects SBI plea for resuming IBC case against Anil Ambani

The case is among the first high-profile ones after rules were set for personal bankruptcy last year

SBI's Rajnish Kumar urges investors to take part in stressed assets sector

He also reiterated that the Insolvency and Bankruptcy Code (IBC) is not a recovery mechanism for lenders, but rather a means to preserve the value of enterprises