Keyword : Sbi

Efficient PSU banks to be rewarded, to get Rs 6990 cr

Finance minister in the budget speech talked about the need of infusing more capital in the public sector banks (PSBs) to keep them in line with Basel-III norms. Following which finance ministry ha

Urban areas see spurt in complaints against banks

Even as banking sectors extends its reach in India, especially with the launch of PM’s jan dhan yojana (PMJDY) , number of complaints received by banking ombudsmen against the commercial bank

Insurance bill to bring $ 4 bn foreign funds, SBI to dilute stake

Insurance sector is looking for bonanza with foreign inflows of about $4 billion in near future.  This follows the passage of insurance bill in parliament that allows foreign investment in the

SBI’s extended hours in Maharashtra on April 4, many ICICI bank branches open today

While State Bank of India is going to extend the banking hours at all its branches in Maharashtra on April 4 (Saturday is normally half day) after three days of holidays, premier private sector ban

SBI and Citibank likely to help Air India to raise funds

The beleaguered national carrier is aiming to rebuild and restructure its tattered image by raising $300 million from overseas market via External Commercial Borrowing (ECB). The Air India is belie

Banks cut rates as Rajan exposes their flawed logic

They get fat salary, benefits and more holidays while offering ordinary service. The bankers do not seem to care for the consumers and it takes no less than Reserve Bank’s governor Raghuram R

Seven-point Indradhanush may lift PSU banks

Indradhanush, the seven-pronged strategy for public sector banks announced by the government has a potential to boost the performance of PSU banks but may fail on three counts, says a report by CRI

How SBI would become even more humongous

As the Cabinet approves the merger of State Bank of India and its five subsidiaries, and also the Bharatiya Mahila Bank (BMB), the largest public sector lender may soon see its name in the list of

ONGC, 6 others lose Rs 72,452 crore market value

 State-run oil and gas explorer Oil and Natural Gas Corporation (ONGC) emerged as the worst hit, as market valuation of seven of the 10 most valued Indian companies plummeted by Rs 72,452.27 c

SBI partners with AISECT to roll out the electronic toll collection project

The State Bank of India (SBI), India’s largest public lender, has partnered with Bhopal-based skill development organisation AISECT for the roll-out of its Electronic Toll Collection (ETC) pr

Post demonetisation, deployment of funds and credit growth a big challenge

Flush with funds after demonetisation, State Bank of India has trimmed its lending rate to revive credit demand. In an interview with Geetanjali Minhas, Rajnish Kumar, managing director (nation

Stories you must read over the weekend

From Mahatma Gandhi’s Sabarmati Ashram to corporate talkshop Davos, it’s creating a buzz everywhere. If nothing is stronger than an idea whose time has come, then people in more and m

NITI Aayog rolls out three year action agenda

 Even as a vision and a strategy agenda is in "advanced stages" of finalisation at NITI Aayog, the government think tank has released a draft three year action agenda for public cons

India will soon have public sector banking behemoths

India will soon have a few robust and competitive public sector banks (PSBs) after the cabinet gave its approval to amalgamate PSBs.   The decision regarding creating

SAIL ties up USD 350 million ECB from SBI

Steel Authority of India Ltd (SAIL) has tied up an external commercial borrowing (ECB) of USD 350 million with State Bank of India (SBI) for a tenure of seven years.   

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