Vedanta Ltd raises Rs 2,000-cr from SBI through NCDs

Last Updated: Monday, August 24, 2015, 18:58

Mining Conglomerate Vedanta Ltd has raised Rs 2,000 crore from country's largest lender State Bank of India through issuance of Non-Convertible Debentures (NCDs).

Banks seek shareholders' nod for Rs 5,934-crore capital infusion

Last Updated: Saturday, August 22, 2015, 22:33

Four public sector banks, including PNB and BoB, Saturday sought shareholders' approval for capital infusion of Rs 5,934 crore by issuing preferential shares to the government.

SBI developing low-cost model to counter payments banks

Last Updated: Friday, August 21, 2015, 23:18

Country's largest commercial banking entity State Bank of India (SBI) is now developing a low-cost model to compete with payments banks.

Payment banks unlikely to eat into large lenders' biz: Crisil

Last Updated: Friday, August 21, 2015, 21:29

Ratings agency Crisil on Friday said the upcoming payment banks (PBs) will largely focus on the underbanked areas like the East, Northeast and Central regions, and the existing lenders should not worry about them.

Clear policies, project clearances key to NPA fight: Kochhar

Last Updated: Thursday, August 20, 2015, 23:04

ICICI Bank chief Chanda Kochhar Thursday said rather than blaming banks for shoddy diligence, predictable policies and "unshackling" stuck projects are the key to tackle the problem of bad loans.

SBI hiring directly from campuses on contract?

Last Updated: Thursday, August 20, 2015, 22:41

"We are trying to get some people directly from campuses on contract," she said while talking to Reserve Bank governor Raghuram Rajan Thursday.

Difficult to give fresh loans to NPA accounts: SBI

Last Updated: Thursday, August 20, 2015, 15:50

Country's largest lender State Bank of India on Thursday expressed concerns about giving fresh loans to accounts which have become non performing assets(NPA) and said the banks do not have any incentive by doing so.

Bankruptcy code, litigation policy to be ready soon: FM Jaitley

Last Updated: Tuesday, August 18, 2015, 22:57

To improve ease of doing business, government will soon finalise three new important laws - the litigation policy, the bankruptcy code and an arbitration law, Finance Minister Arun Jaitley said Tuesday.

Merger of SBI associate banks not priority now: Bhattacharya

Last Updated: Tuesday, August 18, 2015, 20:52

State Bank of India chairperson Arundhati Bhattacharya today said the bank is currently not looking at merging its associate banks, and is instead focusing on more important challenges.

SBI launches mobile wallet app 'Buddy'

Last Updated: Tuesday, August 18, 2015, 16:28

The service will be available to existing as well as non-SBI customers.

SBI launches mobile wallet app 'Buddy'

Last Updated: Tuesday, August 18, 2015, 15:58

The app was launched by Finance Minister Arun Jaitley along with Jayant Sinha, Minister of State for Finance and Hasmukh Adhia, Secretary, Department of Financial Services.