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SBI Clerk 2019: Prelims exam result to be announced soon
Posted on 19th July 2019
State Bank of India (SBI) will release the SBI Clerk Prelims Result soon on their official website -

The SBI Clerk Preliminary exam was conducted online on 22 June, 23 June, 30 June.

SBI Managing Director Anshula Kant named World Bank MD and CFO
Posted on 13th July 2019
Anshula Kant, managing director of the State Bank Of India, has been appointed as managing director and chief financial officer of the World Bank, its president David Malpass announced Friday.

As Managing Director and Chief Financial Officer, Kant will be responsible for financial and risk management of the World Bank Group, reporting to the President.

SBI puts up for sale two NPA accounts to recover dues of Rs 309 crore
Posted on 12th July 2019
New Delhi: State Bank of India has put up for sale two financial assets to asset reconstruction companies, NBFCs and other financial institutions to recover dues of more than Rs 309 crore.

In terms of bank's policy for sale of financial assets, the bank is placing Rajashree Sugars and Chemicals and Shree Vaishnavi Ispat for sale to banks/ARCs/NBFCs/FIs, it said in the expression of invitation for the sale process.

SBI, ONGC to lead Nifty earnings growth in June quarter: Morgan Stanley
Posted on 11th July 2019
As India Inc prepares to report its April-June 2019 quarter numbers for financial year 2019-20 (Q1FY20), analysts at Morgan Stanley expect the financial sector to lead earnings growth. For the recently concluded quarter, they peg the earnings growth for the companies they cover (ex-financials) to fall 4 per cent year-on-year (YoY), but rise 29 per cent YoY if the oil PSUs are excluded from the aggregate.

SBI Caps under CBI scanner for Sandesara Group loans
Posted on 9th July 2019
SBI Caps, one of the top investment banks in the country, is under the radar of Central Bureau of Investigation for its role in arranging loans for oil business of Sandesara Group. CBI's Banking and Securities Fraud Cell may call SBI Caps team for inquiry, sources said.

State Bank of India reports unclaimed deposits of ₹2,156.33 crore in 2018
Posted on 2nd July 2019
New Delhi: Unclaimed deposits in the banking system have witnessed a jump of 26.8 per cent to ₹14,578 crore in 2018, Parliament was informed on Monday.

The unclaimed deposits rose to ₹11,494 crore in 2017 from ₹8,928 crore in 2016, Finance Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.

SBI declares 10 corporate borrowers, their directors wilful defaulters
Posted on 29th June 2019
State Bank of India (SBI) on Friday declared 10 corporate borrowers, with aggregate outstanding dues worth close to Rs 1,500 crore, and their directors wilful defaulters. The companies are based in Mumbai and Navi Mumbai.

Among these defaulters, the borrower with the highest amount in outstanding dues is Spanco, which owes SBI Rs 347.30 crore.

SBI nears record high on fundraising plan; stock rises 7% in six days
Posted on 27th June 2019
State Bank of India (SBI) shares were trading 1 per cent higher at Rs 362 on the BSE, after the state-owned lender said its board will consider raising capital additional tier-1 capital. The stock was trading close to its all-time high of Rs 364 touched on May 23, 2019 in intra-day trade.

The meeting of the bank's central board is scheduled to be held on Monday, July 1, to consider raising capital via Basel-III compliant debt instruments during the financial year 2020, SBI said in the filing after market hours on Wednesday.

SBI Life Insurance hits 52-week high on strong response for share sale
Posted on 26th June 2019
Shares of SBI Life Insurance Company hit a 52-week high of Rs 715 per share, up 6 per cent intra-day, on the BSE on Wednesday with heavy buying being seen at the counter in respose to excessive bids being received for stake sale. The stock erased its entire loss of 5 per cent witnessed during Tuesday's trading session after the share-sale opened.

SBI Life dips 5% as BNP Paribas' offer-for-sale opens today
Posted on 25th June 2019
SBI Life Insurance shares dipped 5 per cent to Rs 675 in early morning trade on the BSE on Tuesday, as BNP Paribas Cardif's offer-for-sale (OFS) opened today. The floor price has been fixed at Rs 650 per share.

BNP Paribas Cardif, the foreign partner of SBI Life Insurance, will sell up to 25 million shares, representing 2.5 per cent stake in the insurance company, for at least Rs 1,625 crore through OFS mechanism. The two-day OFS today opened for non-retail investors and on Wednesday for retail investors.

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