TheNewsClues
Clues by Admin • 28 Aug 2018, Tuesday
SBI the lead banker in a lenders’ consortium to Bombay Rayon Fashions Ltd, plans to sell loans of Bank of India (BoI), Allahabad Bank and Karnataka Bank to an asset reconstruction company (ARC). The consortium has decided that the ... Continue Reading
Read More at Livemint
Clues by Admin • 23 Aug 2018, Thursday
A group of lenders, including Bank of India, State Bank of India (SBI), Allahabad Bank and Dena Bank, is planning to jointly dispose of distressed loans amounting to over Rs 7,300 crore in the first half of September. Bank of India ... Continue Reading
Read More at The Economic Times
Clues by Admin • 10 Aug 2018, Friday
State Bank of India (SBI) reported a standalone net loss of Rs 4,875.85 crore for June quarter (ETNow poll was Rs 242 crore profit). This was the third straight quarter of losses for the largest domestic lender in terms of assets. SBI ... Continue Reading
Read More at The Economic Times
Clues by Admin • 9 Aug 2018, Thursday
SBI on Wednesday unveiled the new Multi Option Payment Acceptance Device (MOPAD) in a move to provide digital convenience to customers and merchants and take forward bank’s objective of “Cash ki Aadat Badlo”. Under this latest ... Continue Reading
Read More at Times Now
Clues by Admin • 7 Aug 2018, Tuesday
The State Bank of India has invited bids from asset reconstruction companies to offload a loan of Rs 2,200 crore given to Bombay Rayon Fashions after the apparel maker defaulted on repayments. SBI has kept a reserve price of Rs 900 crore, ... Continue Reading
Read More at The Economic Times
Clues by Admin • 6 Aug 2018, Monday
21 public sector banks and 3major private sector lenders collected Rs 5,000 crore from customers as minimum balance penalty in 2017-18, according to banking data. State Bank of India, which suffered a staggering net loss of Rs 6,547 crore during 2017-18, collected Rs 2,433 ... Continue Reading
Read More at Livemint
Clues by Admin • 27 Jul 2018, Friday
In a first-of-its-kind move in public sector banks (PSBs), State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB) are considering performance-linked salary structure for their top brass. They are planning to introduce this pay structure ... Continue Reading
Read More at Business Today
Clues by Admin • 25 Jul 2018, Wednesday
SBI expects to recover half of the stressed assets from the initial 12 large bad loan accounts that were identified for bankruptcy resolution, chairman Rajnish Kumar said. “The recoveries will be around 50% and most banks are holding provisions in excess ... Continue Reading
Read More at Livemint
Clues by Admin • 23 Jul 2018, Monday
Led by SBI, the country’s lenders have agreed to sign an inter-creditor that hopes to speed up the process of stressed asset resolution. In an exchange filing, SBI said that its board has approved the signing of the ... Continue Reading
Read More at Bloomberg Quint
Clues by Admin • 10 Jul 2018, Tuesday
State Bank of India (SBI) has instructed its various zones to recover the ‘compensation’ given to officers of its erstwhile associate banks for over-time work during the demonetisation days in late 2016. According to the SBI communication, seen by ... Continue Reading
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