Free Press Journal
  • SBI to sell NPAs worth Rs 2,490 cr

    New Delhi : SBI will sell two non-performing assets (NPAs) worth about Rs 2,490 crore and has invited bids for them. In terms of the bank’s revised policy on sale of financial assets in line with the regulatory guidelines, “we place these accounts for sale to ARCs/banks/  NBFCs /FIs”, State Bank of India said in the bid documents.

  • SBI posts Rs 4,876-cr loss as provisions rise

    Mumbai : The country’s largest bank State Bank of India (SBI) on Friday reported a net loss of Rs 4,876 crore for the June quarter hurt by higher provisions on account of wage revisions, treasury losses along with enhanced gratuity ceilings, even as the bank reported improvement in overall asset quality.

  • SBI to sell 4% stake in insurance JV

    Mumbai: The State Bank of India will start the process of selling up to 4 per cent of its stake in joint venture SBI General Insurance Co, which is planning an initial public offering.

  • SBI launches digital transaction initiative MOPAD

    New Delhi: As part of its effort to promote online transaction, State Bank of India (SBI) today launched one more digital initiative called MOPAD (Multi Option Payment Acceptance Device).

  • SBI, Jio extends partnership to digital payments area

    Mumbai: State Bank and Reliance Jio, which are partners in a payment bank venture, today extended the same to the digital payments space that will help ramp up the nation’s largest lender’s digital customer base multi-fold. SBI and Jio has a joint venture for payment bank- Jio Payments Bank, wherein Jio holds 70 per cent and the balance is with SBI. But the JV is yet to operationalise despite getting the licences

  • SBI Clerk Main Exam 2018: SBI likely to release admit cards today, download at sbi.co.in

    The State Bank of India (SBI) is likely release the admit card for the SBI Clerk Main Exam 2018 today (August 1). The candidates who have applied for the examination can download their admit cards from the bank’s official website sbi.co.in. According to Hindustan Times, the SBI clerk main exam is tentatively scheduled for August 5.

  • SBI declares clerk prelims exam 2018 results; Check on sbi.co.in

    The State Bank of India has declared the results of SBI clerk prelims 2018. Candidates can check their results on the bank’s official website sbi.co.in. SBI conducted the Clerk Prelims exams on June 23, 24 and 30. The SBI Clerk Mains 2018 are still scheduled for August 5, 2018. The exams were conducted by SBI bank to fill in 8,301 vacancies of for the vacant posts of SBI junior

  • Arijit Basu takes charges as SBI managing director

    Mumbai: Banking professional Arijit Basu has taken over as a new Managing Director of State Bank of India (SBI), an official said on Monday. A deputy MD of the SBI and a former MD and CEO of SBI Life Insurance Co, Basu will be in the post till October 2020 or further orders.

  • Sensex rebounds 200 pts as July F&O series opens strong

    Mumbai: Reversing a two-session slide, the benchmark BSE Sensex rose over 200 points and the Nifty reclaimed the 10,600-mark in early trade today on fresh buying by investors as the July derivatives contracts started on a strong note amid recovery in the rupee.

  • Mice destroyed Rs 12 lakh cash at an ATM machine in Assam?

    In a shocking incident, notes worth of Rs 12 lakh were allegedly shredded apart into pieces by mice, in an ATM in Tinsukia district of Assam. The ATM belongs to SBI, and was kept closed from May 20 due to technical reasons

  • SBI drags Jai Balaji to NCLT over dues

    Mumbai : After having narrowly escaped bankruptcy in October, Jai Balaji Industries is, once again, facing insolvency as the State Bank of India filed a winding-up plea against the company to recover dues worth nearly Rs 900 crore, a source said.

  • Going gets tough for banks

    Operating environment becomes complex, lenders need to look beyond NPAs: SBI