Page 30 - Sbi

SBI providing $16 mn liquidity support for local businesses in Maldives

The SBI is providing liquidity support of $16.20 million for local businesses and deferred loan repayment for over 200 retail accounts, the Indian High Commission in the Maldives said

Shouldn't pay be for performance?

Compensation is payment for what has been done. Performance is all about what has been achieved. Both can be measured. Surely, it cannot be so difficult to link the two

Mobile banking may become most preferred channel, says SBI's Rajnish Kumar

Out of 100 transactions at SBI, only 9 transactions are being made in branches

Bankers divided on extending moratorium, fear potential spike in bad loans

Without regulatory intervention, slippages could surge 300 bps

Managing public debt

India needs structural changes in economic management

PSBs: First accurate data and transparency

The RBI had for years refused to share bank inspection reports on grounds that it held them in a fiduciary capacity, and activists fought all the way to the Supreme Court

Govt announces norms for contributions by individuals, institutions to NDRF

These contributions have been allowed as per Section 46(1)(b) of the Disaster Management Act, 2005

YES Bank FPO sails through; subscription crosses the mandatory 90% level

The FPO generated bids for 8.5 billion shares, 93% of the 9.1 billion on offer, the data provided by the stock exchanges at 6 pm showed

SBI to raise Rs 25,000 crore in AT1, tier II capital in current fiscal

The capital is expected to strengthen the bank's capacity to growth business and create buffers to withstand shocks

Top headlines: Govt okays capital infusion in 3 state-run general insurers

Business Standard brings you the top headlines of the day

SBI reduces savings deposit rates by 5 bps, ICICI Bank by 25 bps

SBI has reduced its savings deposit interest rates to 2.70 per cent across all slabs from May 31, according to its website

Top 10 biz headlines: Boeing cuts 12,000 jobs, SBI slashes FD rate and more

Here are the top 10 headlines on Thursday morning

Rs 411-crore fraud: SBI approaches CBI as three loan defaulters flee India

Besides SBI, other members of the consortium that has been cheated are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank

Axis Bank Q4 results: Lender's asset quality worrying for investors still

The bank's slippages moderated significantly in March, but provisioning costs because of the coronavirus rose.

Uttam Galva defaults on Rs 664-cr loan; ArcelorMittal, SBI among creditors

UGSL, which shut its plants and operations after the lockdown was announced last month, said it has an outstanding of Rs 1,008 crore to its creditors

SBI to provide lifeline emergency credit to coronavirus-hit borrowers

The ad-hoc loan facility named - COVID 19 Emergency Credit Line (CECL) is aimed at meeting the temporary liquidity mismatch arising out of covid-19, SBI said in a communication to branches.

Union Cabinet clears draft resolution scheme for YES Bank revival

The scheme was announced a day after the RBI imposed a month-long moratorium on YES bank

SBI pares savings account interest rate to 3%, scraps minimum balance fine

No more SMS charges, Home and auto loan customers to gain as MCLR is slashed by 10-15 bps in tenth such cut this year

SBI says reducing indirect taxes, and not rate cuts, can lift consumption

It said a rate cut is unlikely to work in isolation as bank transmission of RBI's rate cut has been slow

SBI cuts retail deposit rates by up to 50 bps, reduces MCLR by 10-15 bps

In view of adequate liquidity in the system, bank in a statement said it has realigned interest rates on Term Deposits with effect from March 10, 2020