NEW DELHI: With public sector bank officers threatening to go on strike on Monday, the country's largest lender SBI today said a section of its employees may take part in the said agitation on February 29 -- a day when Finance Minister Arun Jaitley will present the General Budget.

In a filing to the BSE, State Bank of India (SBI) said, "All India State Bank Officers' Federation (AISBOF) being affiliated to AIBOC, will also participate in the strike.

NEW DELHI: Loans worth Rs 11,700 crore given by State Bank of India have been locked up as non-performing assets as nearly 1,160 defaulters have willfully decided not to repay.

The bank had identified 1,164 cases of wilful default with outstanding loan amount of Rs 11,705 crore, as on September 2015, as per data collated by the Finance Ministry.

NEW DELHI: The forthcoming Budget is likely to set out a clear agenda for revival of banking sector, including setting up of a 'bad bank' and an aggressive roadmap for recapitalisation, SBI Research said in a note today.

State Bank of India in a research note said it is "time for a bad bank" as lenders are dealing with close to Rs 6.5 lakh crore of stressed assets, which do not include write-offs of bad debt.

Country's largest lender State Bank of India (SBI) today said it has raised Rs 3,000 crore from bonds to fund business growth.

The bank yesterday issued 30,000, Basel III compliant, Tier-ll bonds, in the nature of debentures, of face value of Rs 10 lakh each at par, SBI said in a statement.

State Bank of India (SBI) launched an initiative on Tuesday to help strengthen business ties between Asia's third-largest economy and Japan, where investors eyeing Indian markets need support in navigating the country's notoriously complex bureaucracy.

SBI dedicated Japan desk offers wholesale and retail banking products like rupee funding for Japanese businesses and banks, as well as guidance on Indian companies and regulations.

The State Bank of India (SBI) on Thursday posted 67% decline in consolidated profit to Rs 1,259.49 crore for the third quarter (Q3) ended December 31, 2015, on account of higher provisioning for bad loans.

The SBI Group had registered a net profit of Rs 3,828.20 crore in the October-December quarter of the 2014-15 fiscal.

SBI Chairman Arundhati Bhattacharya said women have to make their way up in an organisation by working hard and affirmed that if there is any discrimination in the corporate sector, it can be at a subconscious level.

"Yes there can be discrimination at the sub-conscious level. But to end that we need to do a whole lot of work. We need to do affirmative action taking up the challenges," Bhattacharya said in a discussion 'The war within - being a woman' at the Kolkata Literature Festival of the 40th International Kolkata Book Fair here on Friday.

After having stablised tie-ups with three private banks for offline Holiday Savings Account (HSA), Thomas Cook and State Bank of India will together offer a similar facility to the state-owned bank's 25 million online customers.

This is a 12-month recurring deposit with SBI that allows the bank's customer to save money and also pre-select a holiday from Thomas Cook India's portal.

State Bank of India (SBI) ICICI Bank, Idea Cellular, Suzlon Energy, Unitech, Bharat Heavy Electricals Limited (BHEL), Crompton Greaves and United Spirits are among 44 stocks from the BSE500 index hitting their respective 52-week lows till 10:46 AM on the BSE.

The S&P BSE Sensex was down 252 points or 1% at 24,287. The index hit an intra-day low of 24,247 so far.

Shareholders of the State Bank of India (SBI) are crying foul over the bank's refusal to provide electronic voting (e-voting) facilities for its upcoming extraordinary general meeting (EGM).

The country's top bank has issued notices for a shareholders' meeting in February to approve fresh capital-raising plans of up to Rs 15,000 crore.

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