Page 6 - Sbi

State Bank of India to get Rs 974 cr for 'interest on interest' payment

The cabinet committee on economic affairs (CCEA) has also approved an equity infusion of Rs 1,500 crore in IREDA

Top headlines: Grover takes voluntary leave; ban on int'l flights extended

Business Standard brings you the top headlines on Wednesday

Cabinet sanctions Rs 973 cr to SBI for ex-gratia payment to borrowers

Cabinet approves scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts

SBI hikes interest rates on fixed deposits by up to 10 basis points

State Bank of India, the country's largest lender, on Saturday increased interest rates on fixed deposit (FD) by upto 10 basis points or 0.10 per cent.

Indian firms, banks cautious as Sri Lanka battles financial crisis

India is Sri Lanka's third-largest export destination and it has invested heavily in the infrastructure and social sector projects in that country

State Bank of India taps Taiwanese market for $300 mn via Formosa bonds

SBI Managing Director Ashwini Kumar Tewari said Formosa issuance demonstrates the strong investor base the bank has created for itself in offshore capital markets

SBI invites applications for head of digital banking till January 28

The country's largest lender SBI is looking forward to appointing the head for its digital banking, and it has invited applications from eligible candidates for the post by January 28.

SBI puts off KSK Mahanadi Power NPA auction after I-T probe on ARCs

The lender has an exposure of Rs 4,100 crore in the firm and had set a reserve price of Rs 1,423 crore for selling the loan to any ARC, bank, NBFC or a financial institution

ECLGS stopped 14% of loans from slipping into NPA, says SBI report

The scheme has saved around 15 million jobs and stopped 14 per cent of outstanding MSME loans from turning into non-performing assets (NPAs)

India needs GDP growth of above 8% to be $5-tn economy: Rajnish Kumar

For a growth of eight per cent and above, he said, the country needs a huge investment in the economy

HDFC Bank, ICICI Bank, SBI are domestic systemically important lenders: RBI

Essentially, systemically important banks are the ones perceived as too big to fail. Such a perception creates an expectation of govt support for these banks at times of distress

SBI: A limited account

The book gives several examples of government interference in the working of the bank, despite the then finance minister's assurances to the contrary in Parliament

State Bank of India pumps $20 million into Pine Labs in latest fintech bet

In 2021, Pine Labs had raised a total round size of $600 million from a marquee set of new investors

State Bank of India increases limit on IMPS transactions to Rs 5 lakh

The State Bank of India has increased the limit on IMPS (Immediate Payment Service) transactions from Rs 2 lakh to Rs 5 lakh

SBI, ICICI, HDFC Bank continue to remain systemically important banks: RBI

Such banks are perceived as 'too big to fail'

Stocks to Watch: SBI, IDFC, IndiGo, NTPC, Cars24, PolicyBazaar, Textiles

The GST Council will meet today to discuss possible rollback of recently hiked rates for the textile industry.

SBI to acquire nearly 10% stake in India International Clearing Corporation

The strategic investment in IICC is aimed at strengthening the financial markets infrastructure, SBI said

LIBOR transition: SBI says ready to embrace new alternatives

The bank said it will spread awareness about the transition among customers and extensive client groups through curated knowledge sharing sessions

Electoral bonds to be sold at authorised branches of State Bank of India

The Electoral Bonds will be valid for fifteen calendar days from the date of issue

Indian bankers collect bumper fees from record $18 billion in IPOs

A little over 110 firms ranging from online grocers to food delivery and beauty startups listed their shares in Mumbai this year, raising almost $18 billion, according to data compiled by Bloomberg