Tag: SBI
Auction Fails Fourth Time For Mallya's Kingfisher House, Villa
An SBI-led consortium's attempt to auction properties of industrialist Vijay Mallya in order to recover loans made to his Kingfisher Airlines, failed again on Monday as these had no takers despite around a 10 per cent cut in their reserve price.....
Banks Need Incentives To Clean Up Bad Loans: SBI
The State Bank of India (SBI) on Wednesday said that the Reserve Bank of India (RBI) needs to give some incentives to banks for resolution of bad loans in terms of provisions or extending the deadline of March 31 to clean up their books.....
Minimum Balance Penalty To Offset Costs Of Jan Dhan Accounts: SBI
Providing a rationale for re-introducing penalty for non-maintenance of minimum balance in its savings accounts from April 1, State Bank of India chief Arundhati Bhattacharya on Wednesday said the public sector lender needs funds to balance the oeprational costs of Jan Dhan accounts.....
ICICI Bank, SBI Saw Most Frauds In First 3 Quarters
Private sector ICICI Bank suffered the most number of frauds during the first nine months of the current fiscal, while state-run State Bank of India took second place in this regard, Reserve Bank of India (RBI) has revealed.....
SBI Officials Held For Violating RBI Guidelines
The CBI has arrested two senior State Bank of India (SBI) officials for misappropriating funds of around Rs 12.40 lakh by violating the RBI guidelines imposed during demonetisation, an official said on Wednesday.....
SBI May Reduce Workforce By Nearly 10% By 2019, Says MD Rajnish Kumar
The total workforce of the country's largest lender -- State Bank of India (SBI) -- will see a reduction over the next two years, after the merger with six entities, owing to attrition, reduced hiring and digitisation, a top official said. ....
'Post-merger With Associate Banks, SBI Opens As One Bank'
Post-merger of five associate banks, the State Bank of India opened as one bank with 500 million customers and started normal operations from Monday, SBI Chairperson Arundhati Bhattacharya announced here.....
Post-merger, SBI Opens With 500 Million Customers
After the merger of five associate banks and the Bharatiya Mahila Bank, top public sector lender State Bank of India (SBI) began operations on Monday with 500 million customers.....
Cutting Base Rates By SBI, HDFC Is Smart Move: Jefferies
Large lenders have smartly cut their base rates to slow down the borrowers from switching to marginal cost of fund based lending rate (MCLR) and in the process protect their margins, said investment banking firm Jefferies.....
Mallya's Famed 'Kingfisher Villa' Sold For Rs 73 Cr
A luxurious beach front villa in Goa owned by absconding liquor baron Vijay Mallya has been sold to Bollywood and South Indian film actor Sachiin Joshi, by a group of banks led by State Bank Of India, official sources said here on Saturday.....
