Page 29 - Sbi

Sebi fines LIC, SBI, BoB for not cutting stake in UTI MF below 10%

LIC, SBI, and BoB did not bring stake below 10% by March 2019 in accordance with rules

State Bank of India targets 3x growth in retail, MSME gold loans

Cheap deposit money, which helps offer low lending rates, gives banks the edge over gold loan companies

Sebi penalises LIC, BoB and SBI for failing to pare stake in UTI MF

IPO in the first week of September to ensure compliance

Even with Covid, our fresh slippages will be in control: SBI chairman

We believe most customers would start paying EMIs from September as the moratorium comes to an end, said Rajnish Kumar

SBI moves SC in AGR case, says interests of DoT will be protected

Representing RComm, SBI said that the amount payable under a resolution plan shall be paid on priority to operational creditors over financial creditors

SBI eyes three-fold rise in retail, MSME gold loan business in FY21

To use digital banking platform YONO extensively to cut-down on response time and scale up activity for it

Nifty may face resistance in sub-11,350 zone: Gaurav Garg of Capital Via

We can witness short-covering move along with addition of fresh position only if Nifty breaches level of 11,350. Therefore, traders should try to create long position, keeping close eye on 11,200

Mismanaged transitions

Governments have followed different rules for different banks at different times

PSB shares in focus; Nifty PSU Bank index jumps 4%; PNB, SBI gain up to 5%

Central Bank of India, Indian Bank, Canara Bank, J&K Bank, and Indian Overseas Bank were up in the range of 1.9 and 2.7 per cent

Rs 10,000 crore Fund of Funds scheme to help MSMEs with growth: SBI chief

The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential at a time when they are facing severe shortage of equity and low revenues

SBI economists pitch for sector-specific loan recast after moratorium ends

They said the moratorium data is not "significantly perturbing" but hit out against the "spate of unplanned and unintelligent lockdown mania" in many pockets

SBI profit up 81% in June quarter to Rs 4,189 cr, moratorium down at 9.5%

A one-time gain of Rs 1,540 crore from the stake sale in its life insurance subsidiary and robust interest income were the key factors for the rise in profits Q1FY21

SBI Q1 profit jumps 81% YoY to Rs 4,189 cr, moratorium declines to 9.5%

The provision of Rs 3,008 crore is held by the bank on Covid-19 related accounts as on June 30, 2020

SBI's June quarter performance sets high expectations for investors

The lender's strong performance and improvement in moratorium offer comfort

Top headlines: SBI Q1 profit jumps 81%, RBI may extend moratorium

Here are the top headlines of the day

MARKET WRAP: Sensex slips 129 pts, Nifty ends at 11,073; RIL declines 2%

All that happened in the markets today

SBI Q1FY21 preview: Stake sale gain from SBI Life to cushion Covid-19 blow

Amid declining interest income and lower net profit sequentially, analysts see India's largest public sector bank's business growth to be modest in the recently concluded quarter

Punjab National Bank's UK unit wins court battle over unpaid loans

The case by the UK subsidiary of PNB is seen as a landmark decision for similar cases involving wilful defaulters who are residing in or have assets in the UK

Treasury gains to aid Q1 profitability of public sector banks: Analysts

Besides the impact of Covid-19, sluggish loan growth due to merger integration, moratorium and delay in the resolution of NCLT accounts are some of the factors that are likely to dent earnings

Nifty PSU Bank index rallies 4% ahead of PM Narendra Modi's review meeting

UCO Bank, Central Bank of India and Bank of Maharashtra surged more than 5%, while Bank of India, Union Bank of India, PNB, IOB, Bank of Baroda and SBI were up in the range of 2% to 4% on the NSE