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Latest Articles in state bank of india

SBI Fraud: 8 Bank Officials, Harshad Mehta's Brother Acquitted

According to the prosecution, sbi's officials in collusion with the Mehta brothers entered into a conspiracy to cheat SBI Caps, the investment banking branch of the country's largest lender, to the tune of Rs 105 crore in the sale and purchase transactions of securities from 1991 to 1992

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Lower Bad Loans Help SBI Return To Profit After 3 Quarters Of Heavy Losses

At the standalone level, net income of State Bank of India (SBI) fell 40 per cent to Rs 944.9 crore from Rs 1,581.55 crore on the back of better asset quality

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Indian Banks On Top Of Situation Over NPA Problem:SBI Chairman Rajnish Kumar

Kumar said that going by the initial results that have started coming in September, it seems that many banks are returning to profit

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SBI Chief Sees Bad Loan Provision Falling After Two Quarters

SBI, which accounts for about a fifth of India's banking assets, saw its provisions for bad loans rising 7.5 per cent in the June quarter from a year earlier, pulling it to its third straight quarter of losses

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SBI Mutual Fund Introduces Financial Calculators to Simplify Investing

FundGuru, an SBI Mutual Fund initiative, is dedicated to helping all investors - from the novice to the experienced

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Banks Led By SBI Had Asked ArcelorMittal To Clear Dues Of 2 Firms: NuMetal To SC

NuMetal has claimed that a consortium of banks led by SBI had written to ArcelorMittal to pay the dues of 2 firms owing to its divesting its shares in the companies

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Government Appoints MDs, CEOs In 10 Nationalised Banks, 5 From SBI

Approved by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi, 5 out of 10 appointed MDs and CEOs of state-owned banks are working as deputy MDs in SBI

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SBI Denies Any Leniency On Its Part In Dealing With Fugitive Vijay Mallya Case

Denying any laxity on its part in dealing with the loan default by Vijay Mallya's now defunct Kingfisher Airline, SBI has said that rather it has been taking proactive measures to recover the defaulted amounts

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Anshula Kant Appointed SBI Managing Director

The Appointments Committee of Cabinet approved the appointment of Anshula Kant as the Managing Director of SBI through an official order

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SBI, ICICI Banks Raise Benchmark Lending Rate By Up To 0.2 Per Cent

The new lending rates are effective from yesterday and have increased from 7.9 per cent to 8.1 per cent by SBI and 0.15 per cent to 8.55 per cent by ICICI

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SBI Changes Names, IFSC Codes Of Nearly 1,300 Branches Post Merger With 6 Associate Banks

The merger of six associate banks and Bhartiya Mahila Bank with State Bank of India came to effect from April 1, 2017, resulting into increase in size and valuation of the bank

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Sudden Depreciation Or Appreciation Of Rupee Not Good: SBI

Rupee had experienced an orderly depreciation as it moved from Rs 64 to a dollar to Rs 70 over a span of five to six months

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SBI Posts Third Straight Quarterly Loss, Bad Loan Ratio Improves

Indian banks have been plagued by record levels of non-performing loans over recent years, and held Rs 10.36 trillion in soured assets at the end of March, with state-run banks including SBI accounting for more than 86 per cent of the pile

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State Bank Of India Jumps To 12-Week High On Recovery Forecast

The lender, which accounts for more than a fifth of India's banking assets, said on Tuesday it aims to grow loans at an annual average of 12 percent through March 2020, nearly halve its gross non-performing loan ratio, bring down provisioning costs and improve margins

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Cash Situation At ATMs Improving, Says SBI

Several other lenders, including PNB, Canara Bank and Axis Bank claimed that cash shortage at ATMs was limited to select pockets

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