Thursday, 20 January, 2022

Topic: SBI

Delhi HC asks SBI to maintain status quo on accounts of RCom, Reliance Telecom, Infratel

Justice Prateek Jalan passed the order on a plea by erstwhile directors of the 3 companies challenging a 2016 circular of RBI regarding declaration of accounts as fraud by banks.

SBI’s foreign shareholders question its proposed loan to Adani’s Australian coal mine

BlackRock & Norway’s Storebrand have raised concerns about SBI's proposed Rs 5,000 cr-loan to Adani Enterprises for its Carmichael coal mine in Australia.

SBI warns of more bad debt as Covid pandemic stretches on

SBI, which posted a better than expected profit, estimates a further Rs 200 billion of loans to sour in the next 6 months as Covid continues to impact borrowers.

SBI income jumps 52%, beats profit estimate after cutting provisions for non-performing loans

Net income jumped to Rs 45.7 billion for the 3 months to September, beating a Rs 36.9 billion average estimate. Bad loan ratio fell slightly to 5.28%, compared with 5.44% at June end.

Your credit score won’t be impacted if you opt for loan restructuring. Here is why

Credit history only after debt recast would be taken into account for new loans. Banks will allow recast only if income impacted between February and August.

‘Focussed but not flamboyant’ — SBI bets on new chief Dinesh Khara to stop losing market share

Dinesh Khara, who was one of the SBI MDs handling global banking and subsidiaries, is set to begin his three-year term Wednesday. He succeeds Rajnish Kumar.

Dinesh Kumar Khara appointed State Bank of India chairman for 3 years

Khara, senior-most managing director of SBI, takes over from Rajnish Kumar, who completed his 3-year term Tuesday.

SC refuses to resume SBI’s personal insolvency case against Anil Ambani

The Supreme Court directed the Delhi High Court to decide on Ambani’s challenge to provisions of India’s insolvency law.

SBI report says rural economy is losing steam, flags rising unemployment and fall in wages

For 12 Indian states, the loss in state GDP in the current fiscal is mainly due to the rural areas, says the research report by State Bank of India.

High Covid fatality in states linked to elderly population, peak a month away — SBI report

Report correlates high Covid fatality rate in Tamil Nadu, Punjab, J&K, Maharashtra & West Bengal to their high elderly population. But experts refute this assertion.

On Camera


Representational image of a jewellery store | ANI

India Jewellery Park to be set up in Mumbai, aims to attract Rs 20,000 crore investment

The Gem & Jewellery Export Promotion Council and Maharashtra Industrial Development Corporation have signed a draft agreement granting possession of a plot for setting up the park.


File photo of IAF drone seen flying in Leh on 18 Nov 2020 | ANI

Indian firm gets foothold in prized global ‘kamikaze’ and armed drones market

Global demand for loitering munition & armed drones saw a jump after Azerbaijan was able to defeat superior Armenian armed forces in 2020 with the help of these systems.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.