Page 36 - Sbi

State Bank of India to raise $1 billion through bond sale

The bank will raise about $ 700 million through five- year bonds and $300 million through three-year bonds

Govt opens managing director post at SBI to other PSB executives

In the last few months, some of DMDs from SBI have been appointed as chief executives and MDs for the public sector banks

Now, executive directors of nationalised banks eligible to become SBI MD

Traditionally, nationalised banks' EDs were elevated as MD, while DMDs were made MDs of SBI

Government opens managing director post at SBI to other PSB executives

Many of today's executive directors at the PSBs were first employed in the 1980s through a competitive process, at a time when job opportunities were limited

SBI plans to raise up to $1.25 bn by issuing bonds in foreign currency

The public sector lender said, the fund is planned to be raised during January to March, next year

SBI to sell 3 NPA accounts to recover Rs 21-bn dues; e-auction on Dec 13

On Nov 22, SBI had held an e-auction of 11 NPA accounts that had outstanding dues of Rs 10.19 bn towards the bank

SBI seeks clarification from RBI as 'YONO' suspended after Aadhaar verdict

SBI has set an ambitious customer base to 250 million through YONO platform in the next two years

Indian regulations on PCA, capital are conservative, rule-based, says SBI

The report said being traditionally more conservative helps in withstanding crisis and early recognition of the problem leads to timely corrective measure

SBI to put 11 NPAs under the hammer on Nov 22, eyes recovery of Rs 10 bn

SBI has put up 11 non-performing assets (NPAs) for sale to ARCs and financial companies to recover dues of nearly Rs 1,019 crore. The country's largest lender said the e-auction of these NPA accounts will take place on November 22. "In terms of the bank's policy on sale of financial assets in line with the regulatory guidelines, we place these accounts for sale to ARCs/ Banks/ NBFCs/ FIs," SBI said in an auction notice on its website. Of these 11 accounts, Janki Corp Ltd has the highest outstanding dues of Rs 592.53 crore. Among others, Venus Remedies Ltd has to repay Rs 83.01 crore, SBS Transpole Logistics Pvt Ltd Rs 63.36 crore, R S Luth Education Trust Rs 60.62 crore, Nilachal Iron & Power Ltd Rs 52.41 crore and Sri Balmukund Polyplast Rs 50.12 crore. The rest of the five companies owe the bank the remaining Rs 117 crore. The interested asset reconstruction companies (ARCs)/ banks/ non-banking financial companies (NBFCs)/ financial institutions (FIs) can conduct due diligence

From today, you can't draw over Rs 20K a day at SBI ATMs: Things to know

The withdrawal limit has been curtailed on Classic and Maestro debit cards, held by a large number of the bank's customers

IL&FS mess: SBI ups target to buy good quality asset portfolios from NBFCs

he bank had initially planned for growth of Rs150 billion through portfolio purchases

SBI lowers ATM cash withdrawal limit to Rs 20,000 ahead of festive season

The restriction comes weeks before the festive season.

SBI offloads 4% stake in general insurance arm for Rs 4.81 billion

The country's lead lender also plans to sell a stake in SBI Card and SBI Capital Market, MD Rajnish Kumar said

SBI hopes to resolve 7-8 stressed power assets by Nov 11: Rajnish Kumar

SBI has exposure of Rs 170 billion in these projects

SBI names Prashant Kumar, a 35-year veteran at the bank, as its CFO

The State Bank of India (SBI) has announced Prashant Kumar as the Chief Financial Officer (CFO).A Science graduate and a Law graduate from Delhi University, Kumar joined the bank in the year 1983, as Probationary Officer and since then he has held various important portfolios in Bank.As DMD (HR) & CDO he was spearheading the largest Human Resources Department of the Banking Industry consisting of a workforce of more than two lakh seventy thousand employees and the largest training infrastructure in the country in the Banking system.In his long service in the Bank, he has had opportunity to work in various areas of banking such as Retail Operations, Human Resources and Strategic Training.He also worked as Chief General Manager, Kolkata circle and General Manager in Mumbai Circle.

SBI's plans to raise dollar funds through green bonds' issue put on hold

Keeping in view the uncertainty and higher costs of the fund, the bank has decided not to go ahead with the plan for the time being, says a senior executive with the global lender

SBI to form separate unit for Mumbai Metropolitan business region

Experience with independent unit for Mumbai region will be basis for taking decision any changes in other states

Switch to EMV chip debit cards by December 31: SBI tells customers

EMV chip card protects against counterfeit (skimming) card fraud. EMV chip card and PIN protects against both counterfeit (skimming) and lost and stolen card fraud

Sudden depreciation of rupee not good as it adds volatility in market: SBI

Group economic advisor of the SBI, Soumya Kanti Ghosh said rupee had experienced an orderly depreciation as it moved from Rs 64 to a dollar to Rs 70 over a span of five to six months

SBI charges for non-maintenance of minimum balance unfair: Report

According to financial ministry data, the SBI collected Rs 24.34 billion for the financial year 2017 in penalty on non-maintenance of minimum balance alone