Free Press Journal
  • SBI net banking services on accounts without registered mobile numbers to be blocked

    Mumbai: The State Bank of India has asked its customers using its internet banking services to register their mobile numbers with the bank by December 1, 2018. Failing to comply will lead to net banking services being blocked on the SBI bank accounts without registered mobile numbers. In a notice on its website www.onlinesbi.com, the biggest lender in India alerted its clientele to register their mobile numbers with their home branch to continue

  • SBI to buy Rs 45,000 crore NBFC assets to ease liquidity crisis

    New Delhi: State Bank of India (SBI) said on Tuesday it will buy good quality assets worth Rs 45,000 crore from NBFCs that are facing liquidity crunch triggered by a series of debt repayment defaults by financial conglomerate IL&FS and its subsidiaries. SBI, which earlier planned to purchase assets worth Rs 15,000 crore, has decided to buy additional assets of up to Rs 30,000 crore.”This is a good commercial opportunity for the

  • editorial, R N Bhaskar, RBI, crucial chinks, Reserve Bank Of India, Demonetisation, digital payments

    RBI likely to hike repo rate by 25 bps: SBI report

    Mumbai: The Reserve Bank of India (RBI) is expected to hike its key lending rate by 25 basis points in October, a SBI Ecowrap report said on Thursday. According to the report, the expected rate hike might not be the last one in the current fiscal.

  • No proposal yet from IL&FS for additional funds: SBI

    Mumbai : The largest lender State Bank of India on Wednesday said it has not received any concrete proposal for additional funds so far from the crisis-ridden Infrastructure Leasing & Financial Services (IL&FS) group.

  • SBI looks to drag Videocon oil subsidiary to NCLT

    Mumbai : State Bank of India (SBI) may refer overseas oil and gas subsidiary of Videocon Group for insolvency proceedings at National Company Law Tribunal (NCLT), and is seeking a legal view before filing the petition, according to sources close to the development.

  • Belated merger but welcome

    For over four years, the Government did virtually nothing to push the economic reforms, focusing, instead, on the nuts and bolts of the economic system, fixing leakages, removing bottlenecks and trying to work the inherited economic engine as well as it could. The disinvestment process was halted, the public sector was sought to be freed from government controls in the hope that it would turn the corner. It did not. Air India

  • 10 state banks get new MDs, CEOs

    New Delhi : Mrutyunjay Mahapatra and Padmaja Chundru, both deputy managing directors in State Bank of India (SBI), have been appointed as managing director and chief executive officer of Syndicate Bank and Indian Bank respectively, according to an official order issued on Wednesday.

  • Centre set to merge BoB, Dena and Vijaya Bank

    New Delhi : The government on Monday said state-owned Bank of Baroda (BoB), Vijaya Bank and Dena Bank will be merged to create the country’s third-largest lender as part of efforts to revive credit and economic growth.

  • NuMetal’s Essar Steel bid gets NCLAT thumbs-up

    New Delhi : The National Company Law Appellate Tribunal (NCLAT) on Friday ruled that Russia’s VTB Capital-backed NuMetal’s second bid for Essar Steel is eligible but the same by ArcelorMittal will qualify only if it clears the Rs 7,000 crore dues of firms it was previously associated within three days.

  • Admit card

    SBI PO interview admit card released, check at sbi.co.in

    The State Bank of India (SBI) has released the admit card for interview examination of SBI PO. The examination is scheduled to begin from September 24 and continue till October 12. The candidates who will appear for the examination can download their admit cards from SBI’s official website sbi.co.in/careers. The career section of SBI had released the SBI PO Prelims results and SBI PO Main results recently.

  • PSBs rapped over huge loans to cos without security

    Chennai : The Madras High Court slammed public sector banks on Monday for granting crores of rupees as loans without sufficient security to several firms “when people are begging for educational and farm loans”.

  • Bankers see no material impact on provisioning

    MUMBAI: As the RBI deadline to resolve around 70 large accounts worth over Rs 3.8 trillion ended on Monday, and no word coming in from the regulator on an extension, State Bank of India (SBI) chairman Rajnish Kumar said the deadline will not have any material impact on provisioning as banks are already in the process of resolving these accounts.

  • State banks to close 70 overseas offices

    New Delhi : Public sector banks are in the process of closing or rationalising about 70 overseas operations as part of capital conservation exercise.

  • Resolution soon on Rs 17K-cr stressed power assets: SBI

    New Delhi : State Bank of India managing director Arijit Basu said on Friday that about 7-8 power sector projects worth Rs 17,000 crore are expected to be resolved soon as lenders are nearing consensus on these.

  • Managing Directors for state-run banks named

    Mumbai : Syndicate Bank’s executive director S S Mallikarjuna Rao is most likely to be appointed as the managing director and CEO of Allahabad Bank, according to sources.

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