SBI sharpens talent focus; branch mentoring in spotlight

Last Updated: Sunday, August 16, 2015, 11:10

"Including the frontline, everybody will have targets and we are trying to give them the means to check their performance on a monthly basis," Chairman Arundhati Bhattacharya has said.

Govt to inject Rs 20K crore in PSU banks in a month, SBI to get Rs 5K crore

Last Updated: Friday, August 14, 2015, 20:09

Govt will infuse Rs 20,088 crore into 13 PSU banks within a month's time with country's largest lender SBI cornering a hefty Rs 5,531 crore.

Yuan devaluation is challenge; but India can overcome: SBI chief

Last Updated: Wednesday, August 12, 2015, 20:06

State-run SBI chief Arundhati Bhattacharya Wednesday said Chinese currency Yuan devaluation is a challenge and expressed hope that India has potential to overcome this challenge.

Worst is over on asset quality: SBI

Last Updated: Tuesday, August 11, 2015, 22:29

Country's largest lender SBI Tuesday said its worst asset-quality woes are behind it, expressing confidence that the situation will only improve going forward.

SBI hopes to sell stakes in insurance units by year end

Last Updated: Tuesday, August 11, 2015, 21:55

State-run State Bank of India Tuesday said the valuation process for the stake sale in its insurance units has begun and the transaction is likely to be completed by the end of the year.

SBI shares down 5%; m-cap declines Rs 10,441 cr on Q1 numbers

Last Updated: Tuesday, August 11, 2015, 19:26

State Bank of India's shares Tuesday fell by nearly 5 percent, wiping out Rs 10,441 crore from its market valuation, after the company saw increase in net non-performing assets on sequential basis in the June quarter.

State Bank of India Q1 net profit rises 6% to Rs 4,714 crore

Last Updated: Tuesday, August 11, 2015, 15:09

State Bank of India on Tuesday reported a 5.9 percent increase in net profit at Rs 4,713.57 crore for the first quarter ended June on the back of a decline in bad loans.

SBI chief does not see credit pick up before March quarter

Last Updated: Thursday, August 6, 2015, 23:40

State Bank chairperson Arundhati Bhattacharya Thursday said bank credit is not picking up despite the seeming revival in the economy, adding that an improvement is not likely before the March quarter.

SBI rules out rate cut in near future

Last Updated: Tuesday, August 4, 2015, 13:11

Top public sector lender SBI today ruled out any interest rate cut for its borrowers, even as the RBI chided banks for not having passed the full benefits of the last three reduction in its policy rate.

Bank stocks in limelight; surge up to 8%

Last Updated: Friday, July 31, 2015, 19:05

Bank stocks were in limelight Friday, surging up to 8 percent, after the government announced plans to infuse fresh capital into state-run lenders.

Hong Kong fines SBI for anti-money laundering law violation

Last Updated: Friday, July 31, 2015, 18:33

The Hong Kong central bank on Friday penalised State Bank of India's Hong Kong branch USD 1 million (Hong Kong dollar 7.5 million) for alleged violation of local anti-money laundering and counter-terror financing laws.

SIT suggests host of tough measures to check black money

Last Updated: Friday, July 24, 2015, 23:29

Seeking a tight rein on black money, the Supreme Court-appointed SIT Friday recommended enacting tough laws to curb betting in cricket, bring donations to education and religious bodies under tax net, monitoring unusual rise in stock prices and regulating P-Notes.