17 hrs ago
SBI to sell its bad loans; no more credit to power sector
State Bank of India , the country's largest lender, said on Saturday it has seen a little easing of stress on power sector loans on the back of fuel linkages, but is not looking for any fresh exposure to this sector immediately.
Trending on the Topix Network
SBI gifts new CT scan machine to Tata Medical Centre
Kolkata, Mar 7 : Public sector bank State Bank of India has gifted a new Positron Emission Tomography scan machine to Tata Medical Center - the cancer treatment facility in Kolkata that covers Eastern and North Eastern India.
Fri Mar 07, 2014
Sensex climbs 355 points; Bharti, ICICI Bank, RIL rise
Indian equities extended gainsin the post noon tradetoday on heavy foreign capital inflows, tracking positive domestic and global cues.
SBI to raise Rs 8,00-1,200 cr by issuing shares to employees
State Bank of India has proposed to offer share purchase scheme for all its employees which could raise additional equity capital, between Rs 800 crore and Rs 1,200 crore, for the country's largest lender.
Tue Mar 04, 2014
SBI average salary at Rs 10 lakh exceeds ICICI Bank's by 67 per cent
State Bank of India has raised salaries by 47% from fiscal 2011 to December quarter FY14.
SBI cautious on lending to infra, textile, pharma sectors
As on December 31, SBI's total advances stood at Rs 11,83,723 crore, up 17.3% from a year ago.
The Washington Post
Citigroup Sees IPO Dearth as Polls Cloud Policy: Corporate India
Citigroup Inc., the top adviser in India for share sales, sees no recovery in initial public offers from the worst start since 2009 until investors gain clarity on policies from a new government after elections.
Wed Feb 26, 2014
Sensex trades 107 points higher; GAIL, Wipro, Dr Reddy rise
Indian equities continues to trade higheron Wednesday. Healthcare, FMCG and capital goods stocks witnessed a rise whereas metal stocks registered a fall.
Mon Feb 24, 2014
Most-Powerful Woman in Indian Finance Declares War on Bad Loans
Arundhati Bhattacharya, chairman of State Bank of India, attends the Annual Bankers' Conference in Mumbai on Nov. 15, 2013.
Israel payment cards market: 6.5% CAGR between 2008-2012
Currently there are five foreign banks in Israel: Citigroup, HSBC Holding, Barclays Bank, BNP Paribas and State Bank of India.
Thu Feb 20, 2014
Sensex gains, banks rebound; Shree Renuka falls
Banks lead the gains, recovering from falls on Thursday sparked by weaker global shares.
Sensex drops over 100 points in noon trade
At 12.27 p.m., the Sensex was trading down 104.88 points or 0.51% at 20,618.09 with 24 components falling.
High Staff Cost Hits SBI Hiring Plan
Even as it stays on course with its expansion plan, the country's largest public sector lender State Bank of India , said hiring for the next 2-3 years will hover around its current base of 2.23 lakh.
Finextra Research news
State Bank of India selects Wolters Kluwer regulatory reporting system for new Chinese branch
Wolters Kluwer Financial Services announced today that State Bank of India, the largest multinational financial institution in India by assets, has selected its regulatory reporting solution for its newly opened branch in Tianjin, in order to comply with the reporting requirements in China.
Wed Feb 19, 2014
'Underweight' ratings on SBI shares: Morgan Stanley
Summary We remain underweight on SBI as weak balance sheet and low profitability imply continued dilution ahead.
State Bank of India may slow hiring in next few years
According to A Krishna Kumar, Managing Director, the bank will try to maintain the employee strength at current levels even as it keeps expansion programmes in mind.
Tue Feb 18, 2014
Sensex, Nifty up 1%; Mid and smallcaps underperform
Indian equitiesgained momentum in the post noon trade on Tuesday on the back of buying interest seen in banking, capital goods and power stocks.
Mon Feb 17, 2014
The Indian Express
PSU banks get R11,200 crore to shore up Tier-I capital
Non-performing assets of public sector banks rose 28.5 per cent to Rs 2.36 lakh crore in September last year, from Rs 1.83 lakh crore in March 2013.
State Bank of India 3QFY2014 performance highlights and results update
Following weak operating performance with operating profit decline of 2.2% YoY, State Bank of India posted net earnings of Rs22.3bn for 3QFY14, down 34.2% YoY.
Sat Feb 15, 2014
The Indian Express
SBI lowers retail deposit rates
The bank currently offers an interest rate of 8.75 per cent for three to five year deposits and 8.5 per cent per annum for deposits exceeding five years.