SBI tightens lending terms for auto dealers as sector sees downturn: Source
Posted on 30th July 2019 |
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State Bank of India (SBI) has tightened lending terms dramatically for auto dealerships, according to a source and an internal memo seen by Reuters, seeking to reduce its exposure to risk from a sector in the midst of a sharp downturn. The shadow banking crisis that began to unfold in India during mid-2018 has deepened this year. |
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SBI to revise export transactions related service charges from Sep 1
Posted on 26th July 2019 |
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New Delhi: State Bank of India (SBI) on Thursday said it will revise export transactions related service charges to provide clear visibility of cost structures to traders. The revised charges will be applicable from September 1, the country's largest bank said in a statement. |
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SBI revises service charges on exports
Posted on 25th July 2019 |
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Country’s largest lender, State Bank of India (SBI) has revised their export related service charges. This has been done to improve the ease of doing business and provide clear visibility of cost structure to exporters. While revising the charges, SBI has taken into consideration the views from various export promotion councils. |
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SBI Recruitment 2019: Apply for 76 job vacancies for SCO post online @bank.sbi/careers
Posted on 23rd July 2019 |
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A total of 76 vacancies for the post of Specialist Cadre Officers (SCO) has been announced for appointment by the State Bank of India (SBI) on their job portal, inviting online applications at their portal. Interested candidates can apply for the job vacancies at the State Bank of India's career portal -- bank.sbi/careers. |
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SBI Managing Director Anshula Kant named World Bank MD and CFO
Posted on 13th July 2019 |
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Anshula Kant, managing director of the State Bank Of India, has been appointed as managing director and chief financial officer of the World Bank, its president David Malpass announced Friday. As Managing Director and Chief Financial Officer, Kant will be responsible for financial and risk management of the World Bank Group, reporting to the President. |
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SBI puts up for sale two NPA accounts to recover dues of Rs 309 crore
Posted on 12th July 2019 |
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New Delhi: State Bank of India has put up for sale two financial assets to asset reconstruction companies, NBFCs and other financial institutions to recover dues of more than Rs 309 crore. In terms of bank's policy for sale of financial assets, the bank is placing Rajashree Sugars and Chemicals and Shree Vaishnavi Ispat for sale to banks/ARCs/NBFCs/FIs, it said in the expression of invitation for the sale process. |
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SBI, ONGC to lead Nifty earnings growth in June quarter: Morgan Stanley
Posted on 11th July 2019 |
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As India Inc prepares to report its April-June 2019 quarter numbers for financial year 2019-20 (Q1FY20), analysts at Morgan Stanley expect the financial sector to lead earnings growth. For the recently concluded quarter, they peg the earnings growth for the companies they cover (ex-financials) to fall 4 per cent year-on-year (YoY), but rise 29 per cent YoY if the oil PSUs are excluded from the aggregate. |
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SBI Caps under CBI scanner for Sandesara Group loans
Posted on 9th July 2019 |
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SBI Caps, one of the top investment banks in the country, is under the radar of Central Bureau of Investigation for its role in arranging loans for oil business of Sandesara Group. CBI's Banking and Securities Fraud Cell may call SBI Caps team for inquiry, sources said. |
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State Bank of India reports unclaimed deposits of ₹2,156.33 crore in 2018
Posted on 2nd July 2019 |
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New Delhi: Unclaimed deposits in the banking system have witnessed a jump of 26.8 per cent to ₹14,578 crore in 2018, Parliament was informed on Monday. The unclaimed deposits rose to ₹11,494 crore in 2017 from ₹8,928 crore in 2016, Finance Minister Nirmala Sitharaman said in a written reply to the Lok Sabha. |
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