RBI cuts repo rate to arrest slowdown
The 35 basis point repo rate cut is not the first unconventional rate action from the central bank as two repo rate actions in March 2003 saw a 40 and 10 basis points reduction in a matter of 13 days.
sbi
August 2019
July 2019
May 2019
December 2018
November 2018
September 2018
August 2018
July 2018
Top three public sector banks post cheery Q1 results
State-owned lenders SBI, BoB, and PNB have all posted profits for the quarter ended June 30. Recoveries have been flat but cutting interest rates on deposits should help increase their margins.
Decoding disinvestments
A detailed look at data reveals that Modi 1.0 had a far superior record on disinvestment compared to UPA 2.0.
SBI is coming out of the woods
The country’s largest bank reports a profit of ₹838 crore in the March quarter, NPAs decline.
Inside the issue: Fortune India 500
Here’s a sneak peek into the Fortune India 500 special issue which contains the definitive annual ranking of India’s largest corporations.
SBI returns to profit in Q2
After three consecutive quarters of losses, India’s largest lender State Bank of India reports net profit of Rs 945 crore in the September quarter; asset quality improves.
IL&FS crisis deepens with shareholders deferring bridge loan
Group writing to government and RBI, seeking their intervention; Centre not too keen on bailout, say sources.
Rajan blames over-optimistic bankers for bad loans
Rajan suggested the need to improve governance of public sector banks and the process of project evaluation and monitoring to lower the risk of project NPAs.
SBI posts loss for the third straight quarter
SBI reported a loss of Rs 4,876 crore, with provisions more than doubling from last year.
India Inc’s credit crunch
A spate of banking frauds, arrests of the top management at some banks and mounting bad loans have led to drying up of debt from financial system. So who will fund India’s growth story?
