Page 31 - Sbi

SBI does away with minimum balance requirement in savings accounts

SBI, India's largest bank, has more than 24,000 branches and over 400 million customers

Top Headlines: Govt gets Rs 25,900 cr in AGR dues; Scindia joins BJP

The SBI has reduced its fixed deposit rates for certain tenors and marginal cost of funds-based lending rates (MCLR) across various tenors

Price of leadership

SBI's YES Bank investment raises questions

Best of BS Opinion: The oil crash, SBI's YES Bank investment, and more

Here's a selection of Business Standard Opinion pieces for the day.

YES Bank to transform into a retail bank: Administrator Prashant Kumar

Hopeful that moratorium on withdrawal will be lifted by Friday, says bank administrator

Chalasani Venkat Nageswar gets additional charge of DMD, CFO of SBI

Chalasani Venkat Nageswar is Deputy Managing Director, International Banking Group and has been given additional charge as DMD and CFO

YES Bank fallout: Axis Trustee Services seeks clarity on AT-1 bondholders

RBI's draft reconstruction scheme for YES Bank suggested a permanent write-down of these bonds outstanding as of March 5.

Days after Yes Bank crisis, IndusInd Bank defers fund raising plans

The original plan was to borrow in local or foreign currency through AT-1 instrument or tier-2 capital

YES Bank 'won't fall off the cliff', SBI to rescue it with 49% stake

To pick up 49% stake in bank for Rs 2,650 cr; administrator says working to revive bank well before moratorium period ends

Yes Bank's rescue math: SBI Cards share sale can fund the revival

Lender mopped up Rs 2,800 crore from the share sale

Working to revive Yes Bank well before moratorium ends: RBI-appointed admin

Kumar, an ex-chief financial officer of SBI, also assured depositors that their money is safe and there is no reason to panic

Distress calls, long queues at branches of Yes Bank post withdrawal limit

The bank's board has been superseded by RBI-appointed administrator Prashant Kumar, former deputy managing director and chief financial officer of SBI

SBI Cards IPO: This one's for high net-worth individuals, but has its risks

Listing gains may be limited, if the issue is subscribed multiple times

SBI Cards IPO subscribed 39% on first day of bidding, raises Rs 2,769 crore

The IPO comprises a fresh issue of Rs 500 crore and an offer for sale of 13,05,26,798 equity shares

SBI expects corporate credit offtake growth between 5 to 7% during Q4

Sectors like thermal power, NBFCs and commercial real estate sector are currently facing some stress

SBI Cards aims to keep non-performing assets at 2.4-2.5%: CEO Prasad

Gross non-performing assets stood at 2.47% at the end of last year, down from around 2.9% in March 2018

SBI stock basking in optimism; stakes too high to disappoint investors

Optimism on the stock is highest in 15 years; easing of corporate sector stress in Q3 gave the much-needed comfort

SBI to hold mega e-auction for 1,000 stressed assets to recover dues

The bank published the advertisement for the proposed auction in newspapers as well as the social media

Should the MPC focus on core or headline inflation? RBI must debate

"Multiple objectives are not a good thing. They confuse the markets," said a senior economist not wanting to be quoted.

SBI Cards and Payment Services gets regulator Sebi's nod to float IPO

Sebi's observations are necessary for any company to launch public issues including initial public offer, follow-on public offer and rights issue