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State Bank of India

FinMin working on capital infusion plan for PSBs, may finalise by Dec

The Department of Financial Services is assessing the capital needs of various banks based demands made by them, sources...

15 Oct 2017 10:17 AM

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

NCLT route cannot be used effectively in all NPA cases: SBI MD

Banking sector is saddled with non-performing assets (NPAs) of over Rs 8 lakh crore.

13 Oct 2017 11:00 AM

DCB Bank has revised downward its MCLR across tenors with overnight loans attracting 8.35 per cent interest rates. (Representational Image)

Banks need to set aside Rs 3.3 tn as NPA provisioning in FY18

Banks would need to step up on provisioning, mainly for large corporate NPAs.

12 Oct 2017 11:13 AM

Fitch estimates that the banking sector will require around USD 90 billion in new total capital by 2018-19 fiscal to meet Basel-III standards and ongoing business needs.

Fitch may revise banks' rating if recapitalisation done early

Govt had announced a Rs 2.11 trillion capital infusion for public sector banks over next two years.

30 Nov 2017 10:53 AM

Finance Minister Arun Jaitley (Photo: PTI)

FinMin working on recap bonds, expected to receive Jaitley's nod soon

The framework for bank recapitalisation once cleared will go to Parliament for necessary approvals.

29 Nov 2017 1:02 PM

Sensex, Nifty each lost over 1 per cent on Friday amidst fears of a US-North Korea war. (Photo: PTI)

Govt raises Rs 14,500 crore from Bharat-22 ETF

ETF saw bids of nearly Rs 32,000 crore coming in, with FIIs bidding for one-third of the money.

20 Nov 2017 1:44 PM

Finance Minister Arun Jaitley (Photo: AP)

Finance ministry asks PSBs to submit fund-raising plan in a month

This will help in better utilisation of the money that the government will provide to them under the bank...

15 Nov 2017 10:30 AM

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

PSU Banks may get Rs 70,000 cr through recap bonds this fiscal

In last three-and-half years govt has pumped in Rs 51,858 crore capital in the public sector banks.

5 Nov 2017 11:00 AM

Manufacturing sector grew by 8.3 per cent in October-December against 6.9 per cent in the previous quarter when there was no note ban.

Ex-RBI Governor Y V Reddy terms bank recap plan 'critical'

In the last week of October, Jaitley had announced an unprecedented PSU banks recapitalisation program of Rs 2.11 lakh...

4 Nov 2017 9:47 AM

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

SBI expects to pick up major portion of govt's bank recap plan

Last month, the government proposed a Rs 2.11 lakh crore public sector bank recapitalisation plan.

3 Nov 2017 11:42 AM

Finance Minister Arun Jaitley (Photo: PTI)

Centre sets up panel headed by Jaitley to oversee state banks' merger

India has 21 public sector banks, which account for more than two-thirds of the country's banking assets.

1 Nov 2017 1:39 PM

The income-tax department had booked Mr Bhandari under the new act, called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. (Photo: PTI)

NPA-laden PSU banks crimp advance tax mop-up at 10.6 per cent

The tax department has asked its officials to keep a close vigil on the forthcoming quarterly results by large...

19 Sept 2017 1:03 PM