SBI stock surges 3.7% on hopes that worst on NPAs is behind     Wed, 23 May 2018 01:43:00 +0530

State Bank of India posts record loss of Rs 77 bn in Q4

State Bank of India posts record loss of Rs 77 bn in Q4; stock rises 3.7%     Wed, 23 May 2018 01:31:00 +0530

Surge in provisions for NPAs, erosion in value of investments take toll

State Bank of India set to sell stake in insurance arm soon     Wed, 23 May 2018 01:26:00 +0530

The bank is planning to sell its stake in SBI General Insurance, SBI Card and SBI Capital Market

SBI Q4 loss widens to Rs 77.18 billion as higher NPAs worsen asset quality     Tue, 22 May 2018 20:38:00 +0530

Provisions for non-performing assets (NPA) stood at Rs 240.80 billion, against Rs 109.93 billion a year ago

Nirav Modi scam: PNB Ex-MD knew it all, could have averted Rs 130-bn fraud     Tue, 22 May 2018 09:08:00 +0530

In its 12,000-page charge sheet, CBI claims that Usha Ananthasubramanian and some other senior bank officials were aware about Nirav Modi's fraudulent dealings, but kept misleading RBI

Cibil says banks missing out on credit-worthy consumers     Tue, 22 May 2018 01:08:00 +0530

It can be noted that banking regulator Reserve Bank of India (RBI) has been flagging concerns on retail loans being the panacea for banks, which are saddled with reverses on the corporate lending side

PNB eyes capital infusion from govt, non-core asset sale for turnaround     Mon, 21 May 2018 23:23:00 +0530

Under the first tranche of recapitalisation, the government infused Rs 800 bn through bonds in public sector banks last financial year

PNB scam: Ex-MD & CEO was aware of fraud but kept misleading RBI, says CBI     Mon, 21 May 2018 19:44:00 +0530

The 12,000-page charge sheet further claimed that a similar fraud was detected in 2016 following which the RBI took up the issue and issued circulars to all banks.

Moody's downgrades PNB's rating due to Rs 144 bn-Nirav Modi fraud     Mon, 21 May 2018 14:18:00 +0530

Moody's estimates that PNB will require external capital of about Rs 120-130 billion in fiscal 2019 to meet the minimum Basel III CET1 ratio

Bhushan Steel resolution effect: PNB sees Rs 7.35 bn boost in profits     Mon, 21 May 2018 00:50:00 +0530

After the buyout, PNB and other lenders will continue to own 12 per cent in the acquired entity, giving them the opportunity to cash out later when valuation of the company goes up

CBI may seek red corner notice from Interpol against Nirav Modi, Choksi     Sun, 20 May 2018 16:30:00 +0530

The PNB had approached the CBI with a complaint on the basis of which the agency had registered an FIR against Modi