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In growth push, govt to infuse Rs 70,000 cr into public sector banks over 4 years

Aug 01, 2015

In growth push, govt to infuse Rs 70,000 cr into public sector banks over 4 years

While there will be relief at the moves to recapitalise India's banks, there would be some disappointment that the capital infusion was not bigger #SBI #fiscal deficit #Canara Bank #public sector banks #BoB #PNB #Jayant Sinha #Finance Minister Arun Jaitley #Bank Recapitalisation #crude oil price
Hong Kong fines SBI for anti-money laundering law violation

Jul 31, 2015

Hong Kong fines SBI for anti-money laundering law violation

The HKMA was given powers in 2012 to supervise banks' compliance with Hong Kong's anti-money laundering law, introduced in the same year. #NewsTracker #SBI #counter terrorist financing #Hong Kong central bank #Hong Kong Monetary Authority #Meena Datwani #Anti Money-Laundering Ordinance
New corridor: EPFO to hit stock market through ETF route on 6 August

Jul 31, 2015

New corridor: EPFO to hit stock market through ETF route on 6 August

SBI Mutual Funds has been roped in by the EPFO to help the body for its investments in the ETFs and understand the dynamics of the stock market. #NewsTracker #EPFO #ETF #Bandaru Dattatreya #KK Jalan #SBI Mutual Funds
SBI error makes Kanpur woman richest in the world

Jul 26, 2015

SBI error makes Kanpur woman richest in the world

Urmila Yadav, a resident of Kanpur's Vikas Nagar, received a shock of lifetime when she realized that her SBI bank account, which held Rs 2000, showed a balance of Rs 95,71,16,98,647.14. #BuzzPatrol #State Bank of India #SBI #Kanpur #Urmila Yadav #Shareworthy #Vikas Nagar
O P Bhatt, former SBI chairman, sees merit in de-linking subsidiaries from parent

Jul 14, 2015

O P Bhatt, former SBI chairman, sees merit in de-linking subsidiaries from parent

the bank is unlikely to face any major opposition from such an exercise from employee unions since unions themselves have demanded total de-linking of the arms #State Bank of Mysore #SBT #SBI Associate Banks #bank staff union #SBBJ
Cautious SBI may delay $1.5 bn bond sale fearing Greek crisis spillover

Jul 08, 2015

Cautious SBI may delay $1.5 bn bond sale fearing Greek crisis spillover

The bank raised $750 million with 5-year tenure at US treasury interest rate plus 205 basis points, while it priced the 10-year $500 million issue at 225 basis points over the treasury. #Economy #NewsTracker #Greece #SBI #Eurozone #Bond #Alexis Tsipras
ICICI Bank aims to double m-banking userbase to one crore by March

Jul 07, 2015

ICICI Bank aims to double m-banking userbase to one crore by March

The bank is adding five lakh digital banking customers per month at present, and mobile accounts for three lakh of those. #Business #ICICI Bank #SBI #HDFC Bank #Digital banking #CompanyNews #Nobile banking