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Latest Articles in state bank of india

SBI Set To Own 15 Percent Of Jet Airways After Debt For Equity Swap

Jet Airways said on Monday it would seek a shareholder nod next month to convert existing debt into equity, raise more money and allow its lenders to nominate a director on its board as part of efforts to resolve its financing problems

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Jet Airways falls; Lenders May Take Write-off

Lenders to the airline are considering a plan to resolve its debt issues, top creditor State Bank of India (SBI) said on Thursday, while media reports said two main shareholders have yet to resolve their differences

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Jet Airways Defaults On Debt Payment To Banks, Shares Drop

The 25-year-old airline is facing financial difficulties and owes money to pilots, lessors and vendors. Intense pricing competition, a weak rupee and rising fuel costs weighed on Indian airlines in 2018

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A Giant Awakens

‘The bank is actively exploring the use of AI, cloud platforms and tie-ups with fintechs to speed up processes’

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SBI Raises Deposit Rates By Up To 10 bps

The new rates ranging from 5 to 10 bps are applicable for deposits below Rs 1 cr and are effective immediately

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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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