Page 47 - Sbi

Legacy shadow on SBI asset quality

The public lender's gross NPA went up to 6.50% in 2015-16 from 4.25% the previous year

Bank may see some pain on asset quality: SBI chief

Volume of NPAs went up after RBI conducted asset quality review in 2015-16

SBI to soon give detailed merger plan

It is expected that they should submit the detailed plan in the next few weeks as a dedicated team from SBI is working on this

SBI to sell non-core assets to raise Rs 3k cr

Faced with rising bad assets, banking major SBI will divest non-core investments of around Rs 3,000 crore to shore up its capital. Despite the challenges that SBI faced last fiscal, the bank, however, is well capitalised to "absorb future shocks" and maintain future growth trajectory, according to the state-run lender's Annual Report for 2015-16. Asset quality pressures accelerated during 2015-16 due to continued stress in the economy, declining commodity prices and two successive drought years, SBI Chairperson Arundhati Bhattacharya said in the Annual Report. "With the passage of the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Act, 2015 a missing link of institutional intervention has been addressed, which will speed up the recovery process", she said. Also with the passage of the Bankruptcy Law, resolution of stressed assets is expected to become more systematic and timely, she said. SBI had reported over 66 per cent fall .

Stick with SBI's associates for now

Stay put till merger ratio with parent is announced, say analysts

SBI plans to raise $1.5 bn from foreign bonds

The executive committee of the bank's board is meeting on June 29 to take a decision in this regard

Only SBI consolidation in FY17, says FinMin

'Unions must come on board for other mergers'

SBI's ATM revenue jumps 47% to Rs 310 crore in FY16

Extra withdrawals from ATMs resulted in Rs 210.47 crore revenue for the bank in 2014-15

SBI in 'Hall of Shame'

The bank has been named in the 'Hall of Shame' list of 158 banking and financial institutions globally

SBI in 'Hall of Shame' of banks funding cluster bomb makers

SBI has been included in the list because of its exposure to Orbital ATK, a US-based company specialising in ammunition

SBI associate banks extend rally; surge over 40% in two days

State Bank of Mysore, State Bank of Travancore and State Bank of Bikaner & Jaipur were up more than 15% each.

SBI launches Rs 200-crore fund for fintech start-ups

The bank to consider assistance of up to Rs 3 cr to an Indian registered company for promoting their business innovations

SBI launches Rs 200 crore fund to invest in financial technology startups

This announcement comes against the backdrop of a greater thrust from the Centre on developing the start-up ecosystem

SBI merger to create banking powerhouse

Employee integration, branch rationalisation major challenges

Cabinet approves merger of 5 associate banks with SBI

SBI will also take over Bharatiya Mahila Bank; merged entity will have asset base of Rs 37 lakh cr

SBI associate banks in focus: State Bank of Mysore, State Bank of Travancore hit 52-week highs

State Bank of Mysore, State Bank of Travancore and State Bank of Bikaner & Jaipur surged between 13%-16% on the BSE

With 3 lakh PoS terminals, SBI becomes top merchant acquiring bank

More than 30,000 of these terminals are contactless terminals

Merger of SBI associate banks to cost Rs 3,000 cr: Bhattacharya

However, benefits from merger including Bharatiya Mahila Bank will outweigh costs

Street cheers for SBI despite dip in Q4 net

SBI chief Arundhati Bhattacharya doesn't see any extraordinary pressure on NIM

5 takeaways from SBI's Q4 results

While there is nothing exciting in the results, investors have given a thumbs up to the stock as they believe that the worst is over for the largest bank in the country