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Innovative tech creating unprecedented disruption in banking sector: Khara
Digitisation and innovative technologies are creating unprecedented disruption in the banking sector, and lenders need to be agile to meet the rising expectations of customers, State Bank of India's Chairman Dinesh Khara said on Friday. Banks have adopted the digital revolution, which has reduced their cost and widened the area of services they offer, he added. "Digital innovation is redefining industries and changing the way businesses function. Digitisation and innovative technologies are creating unprecedented disruption in the banking sector and the rate of change is accelerating," Khara said at a Dun & Bradstreet event. Today, digitisation and digital innovations have become a strategic priority for the banking industry, he noted. "Banks need to be agile and nimble as technology increases customer expectation and the regulatory landscape also evolves rapidly to keep pace with technological advancement," he said. According to Khara, there is a realisation among banks that the
 "Innovative tech creating unprecedented disruption in banking sector: Khara")
SBI to revamp banking app YONO, position it as complete digital bank
YONO has three facets, namely DB for seamless and intuitive banking services
 "SBI to revamp banking app YONO, position it as complete digital bank")
Finance stocks in focus; Axis Bank, Bajaj Finserv, SBI rally up to 6%
At 11:53 am; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Private Bank indices were up 4 per cent, as compared to a 2.3 per cent rise in the Nifty50 index.
 "Finance stocks in focus; Axis Bank, Bajaj Finserv, SBI rally up to 6%")
SBI appoints Nitin Chugh as DMD to lead digital banking operations
Chugh would be responsible for driving growth of customer acquisitions through digital channels, along with defining and implementing digital strategies.
SBI appoints Nitin Chugh as DMD to lead digital banking operations
Chugh would be responsible for driving growth of customer acquisitions through digital channels, along with defining and implementing digital strategies.
SBI appoints Nitin Chugh as DMD to lead digital banking operations
Chugh would be responsible for driving growth of customer acquisitions through digital channels, along with defining and implementing digital strategies.
 "SBI appoints Nitin Chugh as DMD to lead digital banking operations")
SBI, others in race to buy loan portfolio of Tata Motors' finance units
Shareholders of two lending companies clear plans to sell loan assets up to Rs 14,500 crore.
 "SBI, others in race to buy loan portfolio of Tata Motors' finance units")
YES Bank looks to raise up to Rs 10,000 crore equity capital
There were reports that private equity groups such as Carlyle and Advent International are looking at a significant investment in the bank
 "YES Bank looks to raise up to Rs 10,000 crore equity capital")
SBI stops transactions related to Russian entities under sanctions
'No transactions involving entities, banks, ports or vessels appearing on the US, European Union or UN sanctions list would be processed irrespective of the currency of the transaction'
State Bank of India's exposure to Russia, Ukraine less than $10 mn
Banks will get 10 days to complete the processing of payments to avoid near-term problems for businesses
SBI Multicap NFO garners Rs 7,500-8,000 crore; biggest mop-up in its space
SBI Multicap Fund, an open-ended equity scheme will be investing in a mix of best ideas across large, mid, and small cap companies identified through a robust research process
 "SBI Multicap NFO garners Rs 7,500-8,000 crore; biggest mop-up in its space")
LIVE: 26 flights over next 3 days to bring back Indians from Ukraine
After the first round of negotiations which took place on Monday and produced no tangible results, the sides had said they would meet again in the coming days
 "LIVE: 26 flights over next 3 days to bring back Indians from Ukraine")
SBI not to process transactions for sanctioned Russian entities: Reports
India, which has deep trade and defense ties with Russia, has so far not publicly condemned its long-standing ally, but has called for an end to violence, for diplomacy & dialogue to resolve conflict
Rishi Agarwal of ABG Shipyard questioned by CBI in bank fraud case
The central probe agency had registered an FIR in the matter on February 7, 2022 on a complaint filed by SBI 17 months ago on August 25, 2020
 "Rishi Agarwal of ABG Shipyard questioned by CBI in bank fraud case")
SBI, Bank of Baroda and Union Bank subscribe to shares of IDRCL
Public sector banks SBI, Bank of Baroda and Union Bank on Friday said they have subscribed to 99,000 shares each of the yet to be operational asset reconstruction company IDRCL
 "SBI, Bank of Baroda and Union Bank subscribe to shares of IDRCL")
India's GDP likely to grow at 5.8% in Oct-Dec, says SBI report
India's gross domestic product (GDP) is likely to grow at 5.8% in the third quarter of fiscal 2022 from October to December, says Ecowrap- SBI's research report.
 "India's GDP likely to grow at 5.8% in Oct-Dec, says SBI report")
DFS Secretary Sanjay Malhotra nominated as a director on SBI board
State Bank of India (SBI) on Thursday announced that the government has nominated Financial Services Secretary Sanjay Malhotra as a director on its board.
ABG case another feather in Congress' cap of blatant corruption: BJP
What has been described as Rs 22,000 crore scam started in 2012 and the company's loan was restructured in March 2014 in the last days of the UPA government, said Sudhanshu Trivedi citing CBI report
No effort to delay ABG Shipyard investigation by lenders, says SBI
On Friday, CBI booked the firm, its former CMD and others for allegedly cheating a consortium of banks for over Rs 22,842 crore, touted as the biggest fraud in Indian banking history
SBI expects to recover Rs 8,000 cr from written-off accounts in FY22
Bank's net profit during the quarter surged by 62.27 per cent to Rs 8,432 crore.
