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Rights issue is on track, says SBI chief
State Bank India (SBI) today said its Rs 20,000 crore rights issue proposal was on track and the bank was not looking at any other options to raise capital."Government of India, Department of Financial Services is very much looking into it (rights issue proposal). As of now, there is no interim response (from the government) but it is receiving attention," SBI Chairman Pratip Chaudhuri said.Volkswagen
State Bank India (SBI) today said its Rs 20,000 crore rights issue proposal was on track and the bank was not looking at any other options to raise capital."Government of India, Department of Financial Services is very much looking into it (rights issue proposal). As of now, there is no interim response (from the government) but it is receiving attention," SBI Chairman Pratip Chaudhuri said.Volkswagen
Bhatt: RBI hasn't understood our special home loan product
Outgoing chairman of State Bank India, O P Bhatt, continues to defend the banks home loan product against the central banks clear lack of affection for it.
Outgoing chairman of State Bank India, O P Bhatt, continues to defend the banks home loan product against the central banks clear lack of affection for it.
No plan for SBI to take over state banks
There is no proposal for government-run State Bank of India to take over any other state bank, a minister of state for finance said on Tuesday.
There is no proposal for government-run State Bank of India to take over any other state bank, a minister of state for finance said on Tuesday.
Bank scrips remain good picks for the long term
Banking stocks, darlings of equity investors not so long ago, are facing serious pressures for the time being.
Banking stocks, darlings of equity investors not so long ago, are facing serious pressures for the time being.
Public banks crowd out others on Debt St
Traditionally, yields have spiked in the last quarter of a fiscal as banks rush to shore up funds through the certificate of deposits market. But the last two years have seen yields on one-year CDs re
Traditionally, yields have spiked in the last quarter of a fiscal as banks rush to shore up funds through the certificate of deposits market. But the last two years have seen yields on one-year CDs re
SBI, Cardiff to add capital in insurance JV
State Bank of India and its French partner Cardiff will invest Rs 200-225 crore ($51-$57 million) in their life insurance venture in India by March to expand business, an official said on Thursday.
State Bank of India and its French partner Cardiff will invest Rs 200-225 crore ($51-$57 million) in their life insurance venture in India by March to expand business, an official said on Thursday.
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