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Latest Articles in state bank of india

Referring To IBC Will Deteriorate Company Operations, Says Essar Steel

The Gujarat high court on Monday dismissed Essar Steel's petition that had challenged the RBI's directive to banks for initiating insolvency proceedings against the company. The High Court also said in oral order that, "No relief will be granted to Essar."

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SBI Life Files For IPO; Seen Raising Over $1 Billion

SBI, the nation's top bank by assets, is selling up to 8 percent stake, or 80 million shares, in the unit as part of the IPO, while BNP Paribas Cardif is selling up to 4 percent stake, or 40 million shares, according to a regulatory filing

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SBI Waives Charge On IMPS Fund Transfer Of Up To Rs 1,000

State Bank of India had been charging Rs 5 along with the applicable service tax for IMPS fund transfer of up to Rs 1,000.

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SBI Cuts Interest On Home Loans Above Rs 75 Lakh by 10 Bps

Taking a cue from the recent RBI reduction in risk weightage on home loans, SBI is passing on the benefit to its customers by reducing its interest rates on home loan above Rs 75 lakh.

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SBI Says $2.3 Billion Share Sale Satisfies Capital Needs For At Least A Year

State Bank of India said it may not need to tap equity markets for at least another year as its capital ratios will strengthen in the wake of this week's $2.3 billion share sale

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Sensex Losses Widen On Weak Global Cues, Down 112 Points

The 30-share index fell by 112.14 points, or 0.35 per cent, to 31,101.22 in early trade. The gauge had lost 57.92 points in the previous session.

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Big Indian State Banks Need Up To $14.8 Billion Capital By March 2019: Moody's

Moody's Investors Service said the 11 Indian state-run banks that it rates could need up to Rs 950 billion ($14.76 billion) in equity capital by March 2019, far above the Rs 200 billion the government plans to inject into state banks by then

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SBI Launches Up To $2.33 Billion Share Sale To Institutions

The bank is selling new shares in a price range of 275.76 rupees to 287.25 rupees a share in the biggest ever Qualified Institutional Placement (QIP), according to a deal term sheet.

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How NPA Of Banks Increased Over Last Five Years

Banks classify an account as NPA if the interest due and charged on that account during a quarter is not serviced fully within 90 days from the end of the quarter.

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Financial Sector Readies For IPO Rush Worth Over Rs 20,000 Crore

The IPO market is heading for a heavy rush with a number of high-profile names including UTI Mutual Fund and SBI Life expected to launch their initial public offers amounting to Rs 20,000 crore in coming months

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SBI Life Set To Hire Eight Banks For Up To $1 Billion IPO

SBI Life Insurance Co Ltd is set to hire eight banks including Citigroup, Deutsche Bank and BNP Paribas to manage its up to $1 billion initial public offering of shares

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SBI Slashes Deposit Rates Further | What Should Low Risk Investors Do?

A qualified Financial Advisor can help you select optimal funds that are in line with your risk appetite and investment objectives

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SBI Exclusif To Raise Customer Base To 35,000 By Year-end

The State Bank of India plans to raise customer base of its wealth management service targeting Huns (high net worth individuals) under SBI Exclusif to 35,000 by year end from the present 3,500

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