After jumping to the third spot in the domestic mutual fund industry in a short span of time, SBI Mutual Fund is set to improve its position further in the highly competitive sector. Besides benefiting from being an arm of the country’s largest bank, the fund house is offering solutions keeping the overall investment goals of its clients.

New Delhi: The country's largest lender State Bank of India (SBI) on Friday said it has raised Rs 1,251.30 crore by issuing Basel III-compliant bonds.

"The Committee of Directors for Capital Raising at its meeting held today on 22 March 2019 deliberated and accorded approval to allot 12,513 non-convertible, taxable, perpetual, subordinated, unsecured Basel lll-compliant additional tier-I bonds,

State Bank of India (SBI) has bought loan pools worth only about Rs 17,000 crore so far in FY19 from non-banking financial companies (NBFCs), against the stated target of Rs 45,000 crore, sources told FE.

There are not too many good asset pools up for sale, and SBI is unlikely to meet its revised full-year target, according to executives in the know.

State Bank of India (SBI) on Monday said its board will consider an extension of the approval accorded by the central board of the bank for raising equity capital of up to Rs 20,000 crore till March 31, 2020.

The bank’s board will meet on March 22, SBI said in a regulatory filing.

With an aim to consider extension of timeline for raising funds, State Bank of India (SBI) on Monday said that the central board will meet later this week to consider extension of approval accorded by it for raising equity capital of up to Rs 20,000 crore from the market till end of FY20.

“A meeting of the central board of the bank is scheduled to be held on March 22, 2019 to consider inter alia the extension of approval accorded by central board for raising equity capital of up to Rs 20,000 crore from the market till March 31, 2020,” SBI said in an exchange filing.

Amidst increasing differences between Jet Airways and Etihad Airways, the only party that can bailout the beleaguered airline, over the equity cap that its founder chairman Naresh Goyal can hold after his forced exit,bankers Friday exuded confidence of reaching a resolution plan as early as next week.

State Bank of India (SBI) on Monday put on sale six non-performing accounts (NPAs) worth Rs 2,338 crore on sale, including its exposures to Indian Steel Corp (Rs 929 crore) and Jai Balaji Industries (Rs 859 crore).

All six assets are being offered on a 100% cash basis, with haircuts ranging between 29% and 76%. The other accounts up for sale are Kohinoor Planet Construction and Gati Infrastructure (Rs 251 crore), Mittal Corp (`116 crore), MCL Global Steel (`100 crore) and Shree Vaishnavi Ispat (Rs 82.52 crore).

SBI has issued a warning for all its bank holders to be aware of the Whatsapp and fake social media messages. The largest lender State Bank of India (SBI) took to Twitter to issue the warning. The bank noticed that few customers had been receiving fake messages where they are being asked to share financial credentials.

The decision by the State Bank of India (SBI) to link its short-term loans and savings deposits above Rs one lakh to the repo rate will have a less-than-desired impact on retail borrowers.

Any reduction by the Reserve Bank of India (RBI) in the policy repo rate will have an indirect effect on the interest rates on home and other retail loans — but not to the entire extent.

Global investment firm The Carlyle Group on Friday bought 9% stake in SBI Life Insurance from BNP Paribas Cardif for `4,635 crore. According to the bulk deal on BSE, group firm CA Emerald Investments purchased 9 crore shares at `515 per share, at a discount from the market price. The stock price of SBI Life on Friday closed at `612.25 gaining 5.47%.

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