A recent press report said that Downplaying Moody’s decision to downgrade rating of State Bank of India is not going to fast-track recapitalization of the PSU bank. Reports said that State Bank of India (SBI) had submitted the proposal a couple of months back to raise Rs 20,000 crore through the rights issue. The bank… Read More »
A recent press report said that State Bank of Travancore (SBT), has said that its net profit has fallen by 28.51% to Rs 116.95 crore in the second quarter ended September 30, 2011. The bank had posted a net profit of Rs 163.59 crore for the July-September period of 2010. Reports said that the total… Read More »
A recent press report said that State Bank of India has reduced the rate of interest on car loans to 11.25% with lowest EMI of `1,725/- per lakh for 7 years period. Reports said that SBI in association with Maruti had organized Car Loan Melas on October 17 and 18 at 39 different locations in… Read More »
A recent press report said that international rating agency Moody’s has suggested that State Bank of India has to increase and sustain the level of its Tier-1 capital, and improve its asset quality over an extended period in order to raise its stand-alone rating. SBI was downgraded to D+ from C-. As per reports from… Read More »
According to a recent press report banks have started lending to microfinance institutions (MFIs). The RBI has recently issued guidelines on microfinance lending inter- alia directing banks to resume lending to microfinance sector and treat them as priority sector advances. Mr. Thomas, Managing Director of ESAF Microfinance said that the State Bank of India has… Read More »
As per the recent press report it is seen that the banks are facing a challenge of rising nonperforming assets (NPA) and the difficulty to recover them. Recently the State Bank of India has been downgraded by the Moody credit rating agency on this regard where the gross nonperforming assets grew to 3.52 per cent… Read More »
According to a recent press report State Bank of India has planned to raise overseas fund to meet the foreign currency requirements of its customers. In his statement Mr. Hemant Contractor, Managing Director of International Operations of SBI said that the bank would decide on raising overseas funds next month. The bank has already planned… Read More »
A recent press report said that the banks have decided to extend the tenure of the home loans after stimulation of the Government and the fear of risks to asset quality. Many public sector banks such as State Bank of India, Central Bank, Syndicate Bank and Canara Bank have decided to increase the period of… Read More »
A recent press report said that State Bank of India has planned is organize a home and car loan festival in Coimbatore from September 30, 2011. The fest is to be organised for duration of three days and is expected to bring borrowers as well as sellers on a common platform. It is being organised… Read More »
A recent press report said that State Bank of India (SBI) has extended 25 basis point concessional home loan schemes till December this year. Reports said that as per the scheme, SBI offers 25 bps discounts on interest rates on its card rate across the tenor of a floating home loan. The scheme was open… Read More »