Page 46 - Sbi

Pain for SBI's associate banks to stay in Q2: SBI chief

Says associates will report better performance from the subsequent quarter

SBI stock rises despite 32% fall in profit

Rs 14,384-cr capital boost from realty re-valuation

SBI Q1 net falls 32%, gross NPAs cross Rs 1 lakh cr-mark

Shares of the bank rose more than 5% after the results on the lower-than-expected rise in bad loans

SBI surges 9% on stable asset quality

SBI reported a standalone net profit of Rs 2,521 crore for Q1FY17, against Rs 1,264 crore in previous quarter

SBI Q1 net falls 32%, bad loans rise slightly

However, the shares of state-run bank rose more than 5% after the results on the lower-than-expected rise in bad loans

SBI to chalk out circle-wise branch rationalisation plan

In metropolitan and large cities, the bank has spread adequately while scope still exists to cover other geographical areas like remote and under-served areas

SBI to offer overdraft facility to 7,00,000 small account holders

This apart, SBI is also planning to come out with small value insurance, investments and flexible deposit schemes

SBI identifies 7 lakh accounts for providing overdraft facility

These accounts were opened under the Pradhan Mantri Jan Dhan Yojana

SBI starts certification for officers who sanction loans

The process includes self-learning, class-room learning and the examination

SBI, associates merger by March 2017: Chairman

Says RBI expected to keep rate unchanged next month

Capital infusion of Rs 7,575 cr to boost loan growth: SBI

Bhattacharya said the capital infusion would further strengthen capital adequacy ratio by 0.5%

SBI associates' staff will not be affected by merger: FM

Govt has sanctioned the proposal of SBI to enter into negotiations with its subsidiary banks

SBI, Brookfield in JV to invest in stressed assets

SBI has said it has signed a pact with Brookfield to collaborate on investments as part of an ongoing stress asset resolution process

SBI launches Rs 7,000 crore stressed assets fund with Brookfield

While the state-run bank will contribute up to 5% of its total investments

SBI reworks strategy for HNI customers

The pilot that was rolled out in Bengaluru early this year, SBI Exclusif, witnessed encouraging results with 50% more response than projected

Strike in SBI associate banks on Tuesday

CH Venkatachalam said the government was trying to divert the people's attention from the mounting bad loans in the banking sector

SBI secures $625 mn from World Bank for solar programme

Eligible beneficiaries under the facility would be developers, aggregators and end-users, who wish to set up solar PV projects

SBI secures $625 mn from World Bank for solar programme

Through this initiative, at least 400 MW solar capacity will be created across the country

SBI to merge associate banks' branches

The State Bank of India (SBI) on Friday said it will merge corporate finance branches of associate banks with parent branch and prepare detailed plan to rationalise retail banking network.R Sriram, managing director (corporate banking), said the corporate finance branches of associates banks will be merged into parent branch as 60 to 70 per cent accounts are common and can have one relationship manager.As for retail branch network of SBI group spread over the country, he said it would prepare detailed plan taking in account strengths of each bank. At present SBI group has about 22,000 branches, out of which SBI has 16,800 units, Sriram told reporters after SBI incked pact with Flipkart.The five associate banks of SBI have Indian market share around 5.30 per cent in deposits and 5.33 per cent in advances at end of March 2016. Their net profit was Rs 1, 368.7 crore at end of March 2016.These five associate banks are - State Bank of Patiala, State Bank of Mysore, State Bank of Hyderabad

SBI sells 5% of NSE stake to Veracity for Rs 911 crore

State Bank of India sold 22,50,000 equity shares of NSE, priced at Rs 4,050 a unit