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SBI shamed for funding US cluster bomb maker, but bank defends decision

Jun 23, 2016

SBI shamed for funding US cluster bomb maker, but bank defends decision

A report by PAX last week listed the government-owned bank as one of 158 lenders - including JP Morgan Chase, Barclays, Bank of America and Credit Suisse #Credit Suisse #State Bank of India #SBI #Bank of America #Barclays #Pax #JP Morgan Chase #Orbital ATK #cluster bomb maker
SBI merger an eyewash to shift focus from himalayan scale of bad loans: Union leader

Jun 17, 2016

SBI merger an eyewash to shift focus from himalayan scale of bad loans: Union leader

The central government is trying to divert the nation's attention from the Himalayan scale of bad loans given by the nationalised banks, says C.H. Venkatachalam, General Secretary of AIBEA #State Bank of India #SBI #Merger #AIBEA #SBT #C H Venkatachalam #SBBJ
SBI gets cabinet nod to merge 5 associate banks with itself

Jun 15, 2016

SBI gets cabinet nod to merge 5 associate banks with itself

The merged entity will create a banking behemoth, which can compete with the largest in the world with an asset base of almost Rs 37 lakh crore, with 22,500 branches and 58,000 ATMs as on December 2015 #SBI #Merger #State Bank of Mysore #State Bank of Patiala #State Bank of Hyderabad #Jayant Sinha #State Bank of Travancore #State Bank of Bikaner and Jaipur
Find out how cash-rich TCS, RIL, L&T are deployingfundsto deepen govt bond market

Jun 10, 2016

Find out how cash-rich TCS, RIL, L&T are deployingfundsto deepen govt bond market

TCS ploughed $3 billion into the market from January to March, its annual balance sheet showed last month #TCS #govt bonds #SBI #RIL #L&T #Deposits #Corporate bonds
SBI's Arundhati Bhattacharya in Forbes most powerful people's list

Jun 08, 2016

SBI's Arundhati Bhattacharya in Forbes most powerful people's list

While Ms Bhattacharya has been ranked 25th, others are Chanda Kochhar of ICICI Bank (40th), Kiran Mazumdar-Shaw of Biocon (77th), and Shobhana Bhartia of HT Media, which publishes the Hindustan Times (93rd) #Shobhana Bhartia #SBI #Chanda Kochhar #Kiran Mazumdar-Shaw #Forbes #Arundhati Bhattacharya
Rs 800 cr corpus, iPads, 5000 ATMs: How India Post readies its payments bank

Jun 02, 2016

Rs 800 cr corpus, iPads, 5000 ATMs: How India Post readies its payments bank

India Post Payments Bank will start operations in March 2017 in about 50 districts and cover the entire country by the end of financial year 2018-19 #SBI #smart phones #iPad #Core Banking #Telecom Minister Ravi Shankar Prasad #India Post Payments Bank #IPPB #DBT benefits
SBI Q4 net profit drops66% to Rs 1,264 cr as provisions double

May 27, 2016

SBI Q4 net profit drops66% to Rs 1,264 cr as provisions double

Its provision towards bad loans alone were raised to Rs 12,139.17 crore during last quarter of 2015-16, up from Rs 4,985.83 crore in the year-ago period #State Bank of India #SBI #net profit #NPAs #bad loans #provisions