Lenders are also wary about sustained demand for coal, which is seen globally as a dirty fuel but is still the biggest source for electricity generation in India.
Seen as the "proxy of improving confidence in the financial sector", Goldman Sachs believes SBI's current stock valuation (0.2x FY21E BVPS) makes for an attractive entry point
The loan amounts sanctioned by PSBs increased to Rs 76,765 crore, of which Rs 58,230 crore has been disbursed as of August 24, Sitharaman said
The rating agency, however, affirmed SBI's Baa3 deposit ratings
States are likely to face uncovered losses of up to Rs 3.1trn in the current financial year due to massive disruption caused by Covid-19 pandemic, according to a report by State Bank of India (SBI)
Global agency Moody's pegs the banks' recap needs at Rs 1.9 lakh crore to Rs 2.1 lakh crore ($25 billion-$28 billion) in external capital over the next two years under its base scenario
According to the sources, banks would get a better picture about their Non-Performing Assets (NPAs), one-time loan restructuring and consequent ratings latest by the end of October
The searches were being carried out in Madhya Pradesh's Morena and the office premises of KS Oils Ltd on Delhi's Barakhamba Road, as also of its Managing Director and promoters
Bhatia will be the fourth managing director at the country's largest lender
Tribunal rejects submissions by Ambani counsel, says it has no option but to nominate RP within seven days of creditor filing an application
Over Rs 650-cr selling in Zee, Infratel
Bhatia is at present working as the Deputy Managing Director in SBI
In a report dated August 20, CLSA upped the target price on the stock to Rs 310, translating into 59.2 per cent upside from Thursday's closing price on the BSE
The ruling is the most high-profile insolvency case against a founder who pledged to pay loans on behalf of their companies
Kumar set aside an hour a day during the first two months to call depositors to reassure them personally about the bank's stability
Clean chit by SBI-appointed forensic auditor, fraud call by Bank of Baroda's party
All that happened in the markets today
The Federal Reserve, in the minutes of its July meeting, raised concerns that the US economic recovery from the devastating effects of the pandemic faced a highly uncertain path
The lender is selling the bonds at a time when India's banking sector is saddled with the world's worst debt pile
It attributed the revision mainly to smaller gross value added (GVA) degrowth by listed companies for the quarter