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Wednesday, June 26, 2024
TopicSBI

Topic: SBI

Loan demand at SBI rising despite inflation, higher borrowing costs, says chairman

Loan growth at India's biggest lender is expected to be robust, underpinned by demand from businesses after two straight years of credit contraction.

As CBI probes mystery of SBI’s missing coins worth over Rs 11 cr, here’s what its FIR states

According to the FIR, SBI had constituted a committee for an audit of coins worth close to Rs 13 crore held by the bank. But coins worth Rs 11,62,11,275 were found missing.

Indian banks ‘unprepared’ for climate-related risks, RBI must take action, new report says

None of the 34 banks Climate Risk Horizons analysed have assessed the resilience of their portfolios in the face of climate change. Only 2 have committed to stop funding new coal power plants.

SBI profit in third quarter rises 62% on improved consumer demand

With a fifth of India’s loan market, SBI is a key barometer on the health of the country’s financial sector and a key player for economic revival.

‘Baboo’s feelings hurt’?— How precursor to SBI treated Indian customers in British era

In ‘The SBI Story’, Vikrant Pande traces the history of India’s oldest bank, and how it came to be during the British Raj.

How did SBI become synonymous with banking in India? New book tells story of last 2 centuries

Published by Westland Books, The SBI Story by Vikrant Pande, will be released on 2 February on SoftCover, ThePrint’s e-venue to launch select non-fiction books.

SBI, Amundi Asset Management plan to offload combined 10% stake in mutual fund JV via IPO route

India’s largest lender aims to sell a 6% stake in SBI Funds Management and Amundi 4%, the firms said in separate filings Wednesday. The IPO will seek to raise about $1 billion.

Why do banks ban crypto trade? They lack KYC-AML checks, so it’s better to not deal at all

Banks, RazorPay, CCAvenue are doing indirectly what the RBI was prohibited from doing directly—ban crypto trade.

Vodafone Idea in talks with SBI for loan after relief from Modi govt

The bank loan, if it materialises, will be a lifeline for the company which hasn’t reported annual profit since Mukesh Ambani's Reliance Jio unleashed a tariff war in 2016.

SBI ex-chairman was arrested in ‘routine drive’ to clear backlog, 20 months after warrant

First non-bailable warrant against Pratip Chaudhuri was issued in February 2020, but he was arrested only on 31 October 2021. Rajasthan Police say warrants were pending because of 'Covid situation'.

On Camera

Deepika Padukone isn’t faking her pregnancy. Internet ‘critics’ need a refresher on biology

One of the comments on her recent picture, read: “She is not able to do the role of a pregnant woman properly”. It's a nasty cocktail of misogyny and an ignorance of basic human biology.

Noida International Airport, Delhi NCR’s 2nd, delayed. To begin operations by April 2025

According to a statement by the airport, commercial operations likely to begin next year 'in view of the current construction status'. It was supposed to commence operations by 2024 end.

India’s 15-yr quest for anti-tank missile: Israeli Spike, DRDO option, back to US for Javelin talks

Recent high-profile visit was of US National Security Adviser this month during which a number of key issues, including military cooperation, was discussed by both sides.

Modi’s new universe: the normal irritants of democracy & awkward chai with Rahul Gandhi

Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.