Page 7 - Sbi

M-cap of five of top-10 valued companies soars more than Rs 1 trillion

While RIL, TCS, Infosys, HUL and Wipro were the gainers, HDFC Bank, ICICI Bank, HDFC, Bajaj Finance and SBI emerged as laggards

Banks need additional $70 bn to back $5- trn GDP: SBI's Dinesh Khara

Banks would continue to play a critical role in meeting the needs of corporations

Physical, digital financial services to co-exist in India: SBI chairman

On the emergence of the co-lending model in India, he said it is an essential mechanism which was initially meant for establishing connections with the last mile

SBI's PE arm hikes climate fund's target 5 times to Rs 2,000 crore

SBICap Ventures has already got commitment from European Investment Bank (EIB) for about Rs 215 crore.

SBI picks up minority stake in Sajjan Jindal-led JSW Cement for Rs 100 cr

The capital will support JSW Cement's capacity expansion to 25 million tonne annually.

State Bank of India acquires minority stake in JSW Cement for Rs 100 cr

The State Bank of India (SBI) has acquired a minority stake in JSW Cement Limited, part of $13 billion JSW Group.

Nifty Bank hits 6-month low; RBL, Bandhan, AU Small tank up to 10%

Nifty Bank was trading lower for the sixth straight day, having fallen 8 per cent during the period

Electoral bonds: CIC dismisses appeal seeking disclosure of reports by SBI

Central Information Commission dismissed an appeal seeking disclosure of reports submitted by State Bank of India to the Centre and Reserve Bank of India

SBI's exposure to road sector at Rs 90,000 crore, says Dinesh Khara

SBI's exposure to the road sector is close to Rs 90,000 crore, which is 37 per cent of the total banking exposure to the segment, its Chairman Dinesh Khara said on Friday. Speaking at a national conference on investment opportunities in highways, transport and logistics, he said State Bank of India (SBI) is a trusted partner in the growth of the roadway sector in the country. "For all purposes, SBI's exposure to the road sector at Rs 90,000 crore is almost 37 per cent of the total banking exposure to this particular sector," Khara said. The lender has granted credit worth Rs 35,000 crore as of June 30, 2021 to support the National Highways Authority of India (NHAI) for execution of multiple road infrastructure projects. It has granted credit worth Rs 5,000 crore to the SPV (special purpose vehicle) for Delhi-Mumbai Expressway, and has recently extended credit of Rs 8,000 crore to the initiative, he said. The bank is the largest lender to the recently launched National Highways Inf

India's largest lender SBI increases benchmark lending rate by 0.1%

State Bank of India (SBI) has increased benchmark lending rate or base rate by 0.1 per cent, a move that may be followed by other lenders.

Follow prudential norms when lending to discoms: Power Secy tells SBI

Power Secretary Alok Kumar says overall debt of the discoms at the end of FY20 was Rs 5.14 trillion, against a turnover of Rs 7.28 trillion

SBI planning to offload 6% stake in AMC through initial public offer

SBI currently holds 63 per cent stake in the mutual fund company and the remaining 37 per cent stake is held by AMUNDI Asset Management through a wholly owned subsidiary, Amundi India Holding

State Bank of India attempts to dissuade employees from striking work

Considering the ongoing pandemic situation, resorting to a strike will cause great inconvenience to the stakeholders, SBI said

State Bank of India raises Rs 3,974 crore capital through AT1 bonds

Union Bank is likely to hit the market next week with AT1 bond issue of Rs 1,500 crore

PNB plans to raise up to Rs 2,000 cr through additional AT1 bonds

Bond dealers said the base size of the offering is for Rs 500 crore with a green shoe option of Rs 1,500 crore

SBI invites bids to sell NPA account KSK Mahanadi Power with Rs 4K cr dues

SBI to sell an NPA account KSK Mahanadi Power Company, with total outstanding against the company standing over Rs 4,100 crore.

RBI fines SBI Rs 1 crore for holding excess shares in borrower companies

SBI allegedly violated the 30% cap on holdings imposed under the Banking Regulation Act

Hero MotoCorp appoints former SBI chairman as independent non-exec director

Rajnish Kumar completed his three-year term as chairman of SBI in October 2020

Noida International Airport: Uttar Pradesh's crown jewel set to take off

Zurich Airport is investing Rs 5,700 cr in Phase I. It has tied up Rs 3,725 crore in debt from State Bank of India

SBI, Axis, Canara likely to raise Rs 7,500 crore via AT I bonds before 2022

The country's largest lender, SBI, is looking at raising an additional Rs 4,000 crore, Axis Bank Rs 2,000 crore and Canara Bank Rs 1,500 crore