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Friday, March 29, 2024
TopicSBI

Topic: SBI

India’s GDP may not have shrunk so badly last year, but don’t expect good news after 2nd wave

The National Statistical Office had forecast that the economy will contract by 8%. But economists expect the contraction to be around 7-7.5%.

‘Worrying signs’: Covid hits rural India hard, it now has nearly half of all new cases

The total number of daily cases being reported across India is nearly 300 per cent higher as compared to last year, meaning they will exert pressure on rural health infrastructure.

Why SBI is dragging its feet on lending $1 billion to Adani’s Australian coal mine project

SBI drafted in-principle agreement with Adani in 2014 for $1bn facility & brought in several banks for funding as part of consortium. The plan has had several iterations since then.

Second Covid wave could last up to end of May, see 25 lakh cases: SBI report

Based on trends seen during the first wave, the report predicts new cases could peak in mid-April before again starting to fall.

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.

On Camera

Calling ISIS unislamic isn’t enough. Muslim intellectuals must address jihadism’s root cause

The argument that ISIS's actions have nothing to do with Islam overlooks the existence of violent Islamic doctrines upon which extremist groups rely.

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.