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Arundhati Bhattacharya, Chairman, SBI
Arundhati Bhattacharya, Chairman, SBI

SBI to raise ₹15,000 cr before end of this fiscal

Our Bureau

To dilute stake in SBI Life, valuation exercise has begun: Chairman »

Looking for more transparency in Joint Lenders’ Forum, says SS Mundra

RBI Deputy Governor SS Mundra

Our Bureau

Reserve Bank of India is looking at getting more analytics into Joint Lenders’ Forum for more... »

SBI: Slippages shrink, but restructured loans rise

Radhika Merwin, BL Research Bureau

SBI’s profit growth driven primarily by other income »

SBI reins in bad loans; Q4 profit jumps 23%

Arundhati Bhattacharya, Chairman of SBI along with (From left) V. G. Kannan; P. Pradeep Kumar and B. Sriram, Managing Directors of SBI announcing the bank’s financial results for 2014–2015 in Kolkata on Friday. Photo: Ashoke Chakrabarty

Abhishek Law

State Bank of India (SBI), the country’s largest lender, reported profits that beat estimates as... »

PSU bank employees will soon get pay hike, arrears for 30 months

The present wage settlement will benefit 4.5 lakh clerical and sub-staff

Our Bureau

Employees of public sector banks, old generation private sector banks and some foreign banks wil... »

Banking

LIC’s higher stakes in banks a concern: Mundra

PTI

Country’s largest financial institution Life Insurance Corporation’s (LIC) higher stakes in a cl... »

Banking

Jayarama Bhat, MD and CEO, Karnataka Bank

Karnataka Bank Q4 net jumps 65.5%; to pay Rs 5/share dividend

A J Vinayak

Karnataka Bank recorded a 65.5 per cent rise in net profit to ₹134.42 crore in the fourth quarte... »

Banking

Roopam Asthana, CEO

Foreign promoter not to hike stake now: Liberty Videocon

KR Srivats

The US-based Liberty Mutual Insurance Group is not looking to increase its shareholding i... »

Banking

Aggressive bids for new govt bonds

Our Bureau

Banks, primary dealers, mutual funds and insurance companies aggressively bid at the auction... »

Banking

Karnataka Bank to seek shareholders nod for QIP

Our Bureau

The board of the directors of Karnataka Bank Ltd has decided to seek approval of the shareholder... »

Banking

Exposure to power, construction, iron & steel, ‘a cause for concern’

Our Bureau

State Bank of India Chairperson Arundhati Bhattacharya described the lack of demand from St... »

‘It’s time for a rate cut’

Our Bureau

Ahead of the Reserve Bank of India’s (RBI) monetary policy review on June 2, Finance Minister Arun Jaitley said the time is right for an interest rate cut. “My views are well-known,” he sa... »

Exposure to power, construction, iron & steel, ‘a cause for concern’

Our Bureau

State Bank of India Chairperson Arundhati Bhattacharya described the lack of demand from State-run power distribution utilities as a concern for lenders. SBI’s exposure to power generation ut... »

Foreign promoter not to hike stake now: Liberty Videocon

Roopam Asthana, CEO

KR Srivats

The US-based Liberty Mutual Insurance Group is not looking to increase its shareholding in Mumbai-based Liberty Videocon General Insurance, a top official of the Indian joint venture said. »

Karnataka Bank to seek shareholders nod for QIP

Our Bureau

The board of the directors of Karnataka Bank Ltd has decided to seek approval of the shareholders for augmenting capital through qualified institutional placement (QIP), not exceeding ₹500 crore. »

SBI Q4 net profit surges 23% to Rs 3,742 cr

PTI

SBI’s Q4 net profit has surged 23 per cent to Rs 3,742.02 crore as against Rs 3,040.7 crore in the same period last year. SBI's profit has risen 20 per cent to Rs 13,101.57 crore for the... »

NBFCs can refer to spot price on bourses for gold loans

Our Bureau

The Reserve Bank of India on Thursday said Non-Banking Finance Companies (NBFCs) can use the historical spot gold price data, publicly disseminated by a commodity exchange regulated by the... »

RBI tracking impact of global policies on banks, says official

Vinson Kurian

The Reserve Bank is very mindful of the impact of adopting global policies in the country’s banking sector, according to a top official. In the recent past, adopting inte... »

Vijaya Bank reduces base rate by 25 bps

Our Bureau

Vijaya Bank will revise its base rate with effect from June 1. The bank in a release said it has reduced base rate by 25 basis points to 10 per cent per annum. The revised rat... »

Liberty Videocon forays into risk engineering services

Our Bureau

Liberty Videocon General Insurance has announced the launch of its Risk Engineering Practice, a strategic service that assesses internal and external risks for its commercial insurance customers. »

SBI ties up with PayPal to enable cross-border transactions

B. Sriram (Left), Managing Director, SBI, and Vikram Narayan (Right), Managing Director & Country Manager (India), PayPal, at a press conference in Kolkata on Thursday. SBI and PayPal signed a pact to promote cross border trade and facilitate payments for SBI and PayPal users both In India and abroad. Photo: Ashoke Chakrabarty

Abhishek Law

State Bank of India (SBI), on Thursday, entered into a strategic partnership with digital payments company, PayPal, to facilitate cross-border trade and payments. The service will be ext... »

Banks tie up with e-tailers to tap digital space

Micro-lender VFS eyes 48% growth in loan book this fiscal

Create separate rural cadre to push financial inclusion, panel tells PSBs

Europe Ageas may hike stake in IDBI Federal Life to 49%

Arman Financial FY15 net up at Rs 6 cr

UBS to pay $545 mn in fines to settle forex probe by US authorities

General insurers' premium from motor vehicle insurance to touch Rs 38,200 cr: Assocham

IndusInd Bank inks pact with payment processing company Worldpay

Multilateral institutions need to be better capitalised: Rajan

Our Bureau

There is a need for better capitalised multilateral financial institutions to provide capital to emerging economies to support long gestation, large-scale investment projects in emerging m... »

Aggressive bids for new govt bonds

Our Bureau

Banks, primary dealers, mutual funds and insurance companies aggressively bid at the auction of the new 10-year government security (G-Sec). The central bank received bids aggregating ₹33,123 c... »

LIC’s higher stakes in banks a concern: Mundra

PTI

Country’s largest financial institution Life Insurance Corporation’s (LIC) higher stakes in a clutch of state—run and private banks could potentially create a contagion effect on the system, Reser... »

Karnataka Bank Q4 net jumps 65.5%; to pay Rs 5/share dividend

Jayarama Bhat, MD and CEO, Karnataka Bank

A J Vinayak

Karnataka Bank recorded a 65.5 per cent rise in net profit to ₹134.42 crore in the fourth quarter of 2014-15 from ₹81.21 crore in the corresponding period of the previous fiscal. Speakin... »

SBI inks pact with Snapdeal, PayPal to assist small businesses

Arundhati Bhattacharya, SBI Chairman

Our Bureau

State of Bank of India on Thursday inked two MoUs — one with e-commerce major Snapdeal and the other with digital payments company, PayPal. The MoU with Snapdeal is for seller financ... »

NPAs: Banks get 2 years to spread loss on sale of assets

Our Bureau

To encourage banks to purge their books of bad loans, the RBI has extended incentives, whereby the shortfall arising in cases where the sale value is lower than the net book value can be sp... »

40 firms account for 50% of bank bad loans, House panel told

OUR BUREAU

Panel asks govt to submit list of defaulters »

RBI to come out with discussion paper on cashless economy soon

G Padmanabhan

Our Bureau

To promote more cashless transactions, the Reserve Bank of India is in discussions with the Government on ways to reduce cash usage in the system and will soon be coming out with a paper on the sa... »

SBI ties up with Snapdeal to offer seller finance

Arundhati Bhattacharya, Chairman of SBI, with Kunal Bahl (sitting left), CEO, Snapdeal, and D. Mazumdar, CGM (SME) of SBI, at a press conference in Kolkata on Thursday. Photo: Ashoke Chakrabarty

Abhishek Law

State of Bank of India (SBI) on Thursday entered into a seller financing scheme with e-com major Snapdeal. Under the scheme, SBI will provide loans to small and medium enterprises at eas... »

National Payments Corp gets nod to tie up with China UnionPay

A.P. Hota, Managing Director and CEO, National Payments Corporation of India (file photo)

Beena Parmar

Close on the heels of Prime Minister Narendra Modi's visit to China, India's National Payments Corporation of India (NPCI), which runs the RuPay payment card network, has received the Reserve Bank... »

Oman bank, FSS arm tie up

Bajaj Finance Q4 net up 27%

LIC Jeevan Sangam plan to be available up to June 1

Bajaj Finserv profit flat in Q4

Dun & Bradstreet anticipates RBI rate cut after July

Miscreant fires in ATM, loots woman customer in Hyderabad

Bandhan hopeful of getting final nod to start banking operations by month-end

Audio
Rajalakshmi Nirmal and Radhika Merwin of the BL Research Bureau discuss the role of asset reconstruction companies (ARCs) in the banking sector and how they deal with bad loans.

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