Articles
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Bad loans surge: Why SBI stock crashed to 7-month low post Q4 earnings
The results of all PSU banks reveal a phenomenon of interest reversals due to the large restructuring and chunky bad loans. #SBI #EarningsShow #Q4Results #State bank of Indis
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Disaster: Global sell-off spooks Sensex; ends down nearly 400 pts
The Indian equity markets joined a global sell-off today as fears over global economic growth and likely early withdrawal of US stimulus spooked investors across various markets. A 1000 point fall in Japan's Nikkei, triggering a brief trading suspension in futures in Osaka added to the worries. #Sensex #nifty #Rupee #SBI #Ranbaxy #Stock Markets
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Will you get higher annuity for National Pension Scheme?
According to a report published in Business Line today, the Pension Fund Regulatory and Development Authority want the seven insurance companies which are managing National Pension Scheme to pay better annuity rates. #Business #Investing #SmartMoney #Pension #LIC #National Pension Scheme #SBI life #ICICI Prudential Life
Blog posts
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Why should finance minister put fresh equity in SBI?
Government-owned banks like SBI should not think it is their right to equity when they need it. They need to do more to plough back retained earnings. #SBI #HDFC Bank #To The Contrary #Bank of Baroda #NotJobsButPassion
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Who did SBI in? Govt must look in the mirror for answer
Instead of decrying Moody's downgrade of State Bank of India and India, the government should look for a different villain - and look in the mirror #State Bank of India #SBI #Moody's #Downgrade #PIIGS #Crying Wolf
Wire
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Moneycontrol.comHere's what to expect from SBI Q4 earnings
State Bank of India (SBI) is likely to report 12 percent year-on-year fall in its fourth quarter (January-March, FY13) net profit to Rs 3,568 crore on higher provisions against restructured loans and wage revisions. However, an expected increase in other #State Bank of India Group #CNBC
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IBN LiveSBI Q4 profit falls 18.5 per cent to Rs 3,299 crore
Mumbai: Shares of State Bank of India on Thursday fell sharply by over 8 per cent, wiping-off Rs 12,867 crore from its market value, after the state-owned lender reported 18.54 per cent decline in net profit for the fourth quarter ended March 31. Followi #State Bank of India Group #Mumbai
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SME TimesSBI profit drops 18.5 pc in Jan-Mar quarter
India's largest lender State Bank of India (SBI) Thursday said its net profit dropped by 18.54 percent to Rs.3,299.22 crore in the quarter ended March 31, owing to lower interest income and higher provisioning. This is the first quarterly drop in the com #State Bank of India Group #Bombay Stock Exchange