Page 48 - Sbi

SBI to miss deadline for UPI launch

UPI aims to transform the digital money segment; it is set to make money transfers as simple as sending text messages

SBI associates' staff go on strike against merger

The employees of all the associate banks of SBI are protesting under the banner of All India Bank Employees Association

Merger of six banks to cost SBI $250 million: Moody's Investors Service

The global credit rating agency says that the merger will have limited impact on bank's credit metrics

SBI branch integration a key challenge

Merger of 5 associate banks with itself will have to overcome various hurdles; synergies will flow only in longer term

Authorities have released the detained Rs 570 crore: SBI

The Madras High Court is expected to issue an order related to this today

SBI-associate banks merger: All you need to know

The boards of SBI and the associate banks met individually on Tuesday to take a call on the proposed merger and begin talks

Merger may hurt SBI's near-term profitability

Lack of clarity on valuations, possible increase in operating costs will weigh on SBI stock, say analysts

SBI associate banks gain on talk of merger

State Bank of Travancore, State Bank of Mysore and State Bank of Bikaner & Jaipur were up 3%-5% on the BSE

Govt chooses SBI to kick off bank merger

Five associates, Mahila Bank to push up assets to Rs 37 lakh crore, merger may be completed in FY17; unions call strike on May 20

SBI plans to sell up to 5% stake in NSE

According to sources, the bank expects about Rs 1,000 crore from the stake sale

Opposing merger with SBI, unions in associate banks to strike work

Despite opposition and protest by all the AIBEA's Workman Directors and a few other independent directors about the proposal and the procedure adopted, the resolution has been approved in this regard

SBI's associate Bank employees to go on strike on May 20

The move is against the decision to close down associate banks and merge them with SBI

EC allows SBI to take back currency vans to Coimbatore

SBI has produced documents showing authorised transfer of cash to Andhra Pradesh in police protection

Indian firms deleveraging fast, says SBI

Report says domestic companies, particularly those in the cement, fertiliser, trading and finance are now less dependent on resorting to debt

SBI launches card-less payment solution for offline transactions

The solution will enable customers to make digital payments at offline stores by scanning a QR code on their smartphones

SBI might shut unviable branches abroad

The country's largest lender would soon finalise business targets for the current financial year (2016-17) and conduct a strategic review for a medium-term plan

SBI chief flays extra focus on retail, ignoring infra lending

Speaking out against banks being "goaded" to focus only on the retail segment, SBI Chairperson Arundhati Bhattacharya today wondered who will do the job of infrastructure financing in the absence of development finance institutions (DFIs). "Every other bank is now being goaded on towards the same model (of focussing on retail segment)," Bhattacharya said at a banking conference organised by industry lobby IMC here. She said the advent of digital banking is changing banks' asset book composition and "every single bank is now going more after retail model". The chief of the country's largest bank said that erstwhile dedicated DFIs like IDFC, IDBI and ICICI have all turned into universal banks and with lenders staying away from lending to the infra segment, infrastructure developed might be hampered. "If we, as a developing country, are only going to advice banks to follow the retail model, who then is going to do project financing? Are we content as a nation to stay where we are ...

SBI asked to make provisions on food grain loans to Punjab

The discrepancy in food grain stockpiles in warehouses purchased through bank loans from several PSU banks.

Shipping sector push won't get banks out of choppy waters: SBI

'There are projects being thought of, which will ameliorate some of the interest, improving conditions,' Arundhati Bhattacharya said

SBI sets lending rates under new rules

SBI will charge an annual interest of 9.2% for loans of 1-year tenor, 9.3% for 2-year tenor, 9.35% for 3-year tenor