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The previous chairperson Arundhati Bhattacharya too had initiated a slew of pro-employee measures such as letting them choose the location before transferring a couple of both of them are with the bank, extending sick leave to attend to in-laws health needs, long leaves to help their children during the exams among others. (Photo: File)

SBI takes work-life balance to a new high cutting mechanical lives in the bud

The programme, christened Nayi Disha or the new path, focuses on work-life balance and also involves the staffs immediate family members.

17 Feb 2019 11:07 AM

oining hands with SBI, the country's largest public sector bank, gives seamless access to credit to our network of chosen dealer partners, said MG Motor India Chief Commercial Officer Gaurav Gupta. (photo: file)

MG Motor India ties up with SBI for dealer finance

MG Motor India is slated to launch its first product SUV Hector by the second quarter of 2019.

04 Feb 2019 2:04 PM

The market capitalisation (m-cap) of TCS soared by Rs 41,914.13 crore to reach Rs 7,62,015.52 crore. (Photo:image)

Five of top-10 cos add Rs 65,426 cr in m-cap; TCS shines

RIL, HUL, ITC and Infosys were other gainers, while HDFC Bank, HDFC, SBI, Kotak Mahindra Bank and ICICI Bank suffered losses

03 Feb 2019 3:44 PM

SBI set to own 15 pc of Jet Airways after debt for equity swap: reports

Jet Airways would seek a shareholder nod next month to convert existing debt into equity,

29 Jan 2019 4:16 PM

Goel was willing to step aside from Jet Airways’s board and chairmanship only if Etihad enhanced its quote for Jet shares.

SBI chief to seek open offer exemption for Etihad Airways

Banking sources divulged that Etihad was unwilling to pay beyond Rs 150 per share for the cash-strapped Jet Airways.

24 Jan 2019 10:41 AM

There are rising concerns over financial health of Jet Airways, whose shares have also taken a beating at stock exchanges.

Lenders considering resolution plan for Jet Airways: SBI

Shares of the airline are trading 4.24 per cent lower at Rs 259.50 apiece on BSE.

17 Jan 2019 11:51 AM

ESIL is among the list of top 12 large corporate debtors, referred as ‘dirty dozen’ that was referred by the RBI for resolution in insolvency courts.

New twist to Essar tale, SBI seeks to sell Rs 15,000 cr bad loans

SBI has put the reserve price for the recovery of bad loans from Essar Steel India at Rs 9,587.64 crore.

17 Jan 2019 10:51 AM

Jet’s main lender State Bank of India sought to provide reassurance that India’s biggest full-service carrier is doing all it can to pay its staff, suppliers and creditors. (Photo: AFP/File)

Lessors to troubled Jet Airways consider taking back planes: sources

The airline is working on its turnaround strategy and updating its partners, in real time, on efforts taken to improve its liquidity.

12 Jan 2019 12:05 PM

SBI may either tap SBI London or New York for funds.

SBI may raise Rs 12,000 crore overseas for PFC’s REC buy

The bank has been favoured due to its ability to raise large amount of funds.

24 Dec 2018 10:18 AM

The pilot projects are on already, the bank hopes to provide such services soon.

SBI plans to disburse agri loans digitally: official

SBI is running pilot projects to disburse agricultural loans digitally.

11 Dec 2018 4:57 PM

Funding clean energy projects in Asia since 1993, EIB has supported with EUR 7 billion in the last 25 years.

EIB, SBI expand cooperation in wind energy financing

With this collaboration, the promoters of wind projects in India will benefit from long-term low cost financing.

23 Nov 2018 2:06 PM

NCLT to extend the moratorium so that legal action can’t be taken by creditors against IL&FS or its 347 group entities.

Govt may nudge LIC, SBI to buy out IL&FS

LIC and ORIX Corporation of Japan are the largest shareholders in IL&FS having 25.34 per cent and 23.54 per cent stake respectively.

12 Nov 2018 12:16 PM

The bank's net profit was Rs 1,840.43 crore in the July-September quarter of previous fiscal.

SBI net profit slips 69 per cent to Rs 576 crore in Q2

The bank had reported a net loss of Rs 4,875.85 crore in the first quarter of the current fiscal.

05 Nov 2018 4:34 PM

The country's largest lender said the e-auction of these NPA accounts will take place on November 22.

SBI puts up 11 NPA accounts for sale to recover Rs 1,019 crore

SBI has reported a hefty loss of Rs 4,876 crore for the June quarter due to higher NPAs or bad loans.

05 Nov 2018 11:19 AM

On October 1, the government superseded the board of IL&FS and appointed a new board, with banker Uday Kotak as its executive chairman.

IL&FS crisis: Normalcy to return to system in couple of weeks, says SBI Chief

The company as of March 2018 owed over Rs 91,000 crore to banks and other creditors.

30 Oct 2018 11:45 AM

SBI will leverage its branch network and engaged relationship with corporates and the govt to provide a technology-led payment service.

SBI, Hitachi Payments form JV for digital payment platform

SBI will have a majority stake in the proposed joint venture, the bank said.

29 Oct 2018 1:32 PM

State Bank of India Chairman Rajnish Kumar.

Indian banks on top of situation over NPA problem: SBI Chairman

Insolvency and Bankruptcy Code has come as a "very good tool" in the hands of the banks and the financial creditors.

29 Oct 2018 11:57 AM

The resolution provides for raising "equity capital up to an amount of Rs 20,000 crore during FY2018-19.

SBI plans to raise up to Rs 25,000 crore in FY19

Central board of the bank gave its approval to two proposals of the bank, SBI said in a regulatory filing.

22 Oct 2018 5:09 PM

IL&FS Financial Services defaulted on bank loans, including interest of Rs 284.5 crore to five banks.

LIC, Orix, SBI to subscribe to Rs 4,500 crore IL&FS rights issue

The announcement came at the annual general meeting (AGM) of the company that has been defaulting on debt obligations.

29 Sep 2018 1:46 PM

MDs and CEOs of state-owned banks whose appointments were approved by the Appointments Committee of the Cabinet headed by PM Narendra Modi.

10 public sector banks get new MDs, CEOs; 5 of them from SBI

Five of the 10 newly named MDs and CEOs are working as deputy managing directors in SBI.

20 Sep 2018 10:12 AM

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Farrukh Dhondy