| State Bank of India Related news |
SBI declares 10 corporate borrowers, their directors wilful defaulters
Posted on 29th June 2019 |
.jpg) |
State Bank of India (SBI) on Friday declared 10 corporate borrowers, with aggregate outstanding dues worth close to Rs 1,500 crore, and their directors wilful defaulters. The companies are based in Mumbai and Navi Mumbai. Among these defaulters, the borrower with the highest amount in outstanding dues is Spanco, which owes SBI Rs 347.30 crore. |
|
|
SBI nears record high on fundraising plan; stock rises 7% in six days
Posted on 27th June 2019 |
.jpg) |
State Bank of India (SBI) shares were trading 1 per cent higher at Rs 362 on the BSE, after the state-owned lender said its board will consider raising capital additional tier-1 capital. The stock was trading close to its all-time high of Rs 364 touched on May 23, 2019 in intra-day trade. The meeting of the bank's central board is scheduled to be held on Monday, July 1, to consider raising capital via Basel-III compliant debt instruments during the financial year 2020, SBI said in the filing after market hours on Wednesday. |
|
|
SBI Life Insurance hits 52-week high on strong response for share sale
Posted on 26th June 2019 |
.jpg) |
Shares of SBI Life Insurance Company hit a 52-week high of Rs 715 per share, up 6 per cent intra-day, on the BSE on Wednesday with heavy buying being seen at the counter in respose to excessive bids being received for stake sale. The stock erased its entire loss of 5 per cent witnessed during Tuesday's trading session after the share-sale opened. |
|
|
SBI Life dips 5% as BNP Paribas' offer-for-sale opens today
Posted on 25th June 2019 |
.jpg) |
SBI Life Insurance shares dipped 5 per cent to Rs 675 in early morning trade on the BSE on Tuesday, as BNP Paribas Cardif's offer-for-sale (OFS) opened today. The floor price has been fixed at Rs 650 per share. BNP Paribas Cardif, the foreign partner of SBI Life Insurance, will sell up to 25 million shares, representing 2.5 per cent stake in the insurance company, for at least Rs 1,625 crore through OFS mechanism. The two-day OFS today opened for non-retail investors and on Wednesday for retail investors. |
|
|
Time to take money out of India's stocks, says SBI Life Insurance CIO
Posted on 19th June 2019 |
.jpg) |
After a rally of about 10% in Indian stocks over the past year, the nation’s second-biggest life insurer has one message for investors: it’s time to take some profit. “It’s time to take some money out of equities because valuations are looking stretched,” Gopikrishna Shenoy, chief investment officer at SBI Life Insurance Co., which has most of its equity assets in larger stocks, said in an interview at his office in Mumbai.
|
|
|
|
|
|
DNA EXCLUSIVE: SBI, banks gave defaulting Sterling owners Rs 1.3k cr guarantees
Posted on 11th June 2019 |
.jpg) |
The State Bank of India's (SBI) loan sanction process to a subsidiary of debt-laden pharmaceutical company Sterling Biotech has come under a cloud. A consortium banks led by the SBI provided guarantees of Rs 1,298.10 crore to Sterling Biotech's overseas oil subsidiary when the promoters of the company, Nitin Sandesara, Chetan Sandesara, Dipti Sandesara and Hitesh Patel, were already in the Reserve Bank of India's (RBI) wilful defaulters' list. |
|
|
SBI to offer repo-linked home loans from July 1
Posted on 8th June 2019 |
.jpg) |
Mumbai: The country's largest lender State Bank of India (SBI) on Friday announced introduction of repo rate-linked home loans from July 1. The development comes after the Reserve Bank of India (RBI) in its Monetary Policy statement of June 6 cut the policy rate (repo rate) by 25 basis points. According to experts, the new category of home loans linked to repo rate may see quicker transmission. |
|
|
SBI revises recurring deposit (RD) rates. Check out the latest rates here
Posted on 1st June 2019 |
.jpg) |
The country’s largest lender State Bank of India (SBI) has revised interest rates on its recurring deposits (RDs) with effect from 9 May 2019, according to the bank’s website. SBI RD interest rates vary between 6.4%-7% for general public and an additional interest rate hike of 0.50 percentage points for senior citizens. SBI recurring deposits has terms ranging from 12 months to 120 months. |
|
|
SBI sees this fiscal as a turning point
Posted on 30th May 2019 |
.jpg) |
State Bank of India (SBI) chairman Rajnish Kumar expects fiscal 2020 to be a turning point for India’s biggest lender. The bank will direct its efforts to achieve a more sustainable mix of business both in its domestic and overseas operations, Kumar wrote to the bank’s shareholders in SBI’s FY19 annual report. |
|
|
|
|
|
|
|
|
.jpg)
