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About 177 results for "state bank of india"

SBI, ONGC and 8 other PSUs may be asked to cough up more tax

SBI, ONGC and 8 other PSUs may be asked to cough up more tax

If advance tax revenue fails to meet the expected growth, these PSUs could be asked to pay taxes on past demands raised against them. The income tax (I-T) department has asked top 10 public sector undertakings (PSUs), including State Bank of India and Oil and Natural Gas Corporation, to cough up more tax on demands of earlier years, some of which may be disputed.   According to sources, this is a pre-emptive measure to ensure its target for collection is met. The final date is Thursday ..., 2 days ago
Business Standard

SBI, UCO Bank looking for buyers to clear off Rs 12.45-billion NPAs

Sona Alloys has an outstanding of Rs 6.47 billion towards SBI, while Zenith Birla has Rs 1.39 billion Press Trust of India | New Delhi Last Updated at March 11, 2018 14:44 IST Leaflets advertising loans are pictured inside a commercial branch of the UCO Bank ...
 Business Standard6 days ago SBI, UCO Bank look for buyers to clear-off Rs 1,245 cr NPA  DNA6 days ago Banks' gross NPAs at Rs 8.41 trn in Dec 2017; SBI highest at Rs 2 trn  Business Standard1 week ago Banks' gross NPAs at Rs 8.41 lakh cr in Dec 2017, SBI at top with Rs 2 lakh cr  DNA1 week ago

PNB fraud hits banks' loan disbursal to India Inc

With the management of most State-owned banks hardly having time to concentrate on big-ticket business, growing the business of loan disbursals has been pushed down the priority order. Loan disbursals to India Inc are taking a hit at this crucial time of fiscal year end, as banks, especially public sector lenders, have turned defensive in the aftermath of the Punjab National Bank fraud. The assessment of the impact of the new framework for restructuring of stressed assets is also taking ...
 Rediff.com3 days ago PSU Bank index closes 2.8% lower dragged by BOI, Canara Bank; SBI, PNB fall 2%  Money Control1 week ago PSB stocks continue to reel after PNB fraud case; drop as much as 10%  Business Standard3 weeks ago Rs 114-billion fraud: Other banks did not raise an alarm, says PNB  Business Standard4 weeks ago

Stocks fall for 3rd day; Sensex drops 150 points

Banking stocks led by Yes Bank, ICICI Bank, Axis Bank and SBI came under heavy selling pressure The BSE Sensex dropped by 150 points to close at 33,685.54 in a volatile trade, extending losses for a third day as banking, FMCG and IT shares fell amid fresh LoU fraud scare.   Banking stocks led by Yes Bank, ICICI Bank, Axis Bank and SBI came under heavy selling pressure after the CBI registered a fresh case relating to "fraudulent" issuance of Rs 9 crore of LoUs to Chandri Papers and ...
 Rediff.com2 days ago Stocks close at record high for third day on global leads  Rediff.com2 months ago Stocks fall for 3rd day on rising trade worries  Rediff.com2 days ago
Money Control

AI mopped up Rs 543.03 crore from asset monetisation: Govt

The monetisation included the sale of six flats at Sterling Apartment, Mumbai to the State Bank of India with each of these flats fetching Rs 22 crore, Minister of State for Civil Aviation Jayant Sinha said in a written reply.
 Money Control2 days ago
Business Standard

Except for PNB, no unauthorised LoUs issued by PSBs: SBI official

Earlier this week, the Reserve Bank has stopped banks from issuing LoUs and Letters of Comfort for trade finance for imports into the country.
 Money Control2 days ago

Check SBI's new minimum balance charges

For savings bank accounts held in its semi-urban and rural branches, SBI has reduced the charges from a maximum of Rs 40 per month plus GST to a maximum of Rs 12 and Rs 10 plus GST, respectively, the bank said in its statement.
 MSN India4 days ago

Nirav Modi Scam "one-off" case: SBI chief rejects privatisation calls

NDTV 5 hours ago Written by Sreenivasan Jain New Delhi: The demands for privatization of national banks, triggered by the massive 11,000 crore fraud at the Punjab National Bank involving celebrity jeweller Nirav Modi, has been rebutted by State Bank of India ...
 MSN India3 days ago Bite the bullet! Privatise banks like PNB  Rediff.com1 week ago
Business Standard

Breakthrough seen in SBI's offer to take 50% haircut for Uttam Galva

The SBI offer is good news for all companies as it shows that banks are willing to settle the matter, said Mumbai-based lawyer Dev Chatterjee | Mumbai Last Updated at March 15, 2018 00:06 IST File photo The State Bank of India’s (SBI’s) offer in ...
 Business Standard3 days ago
Business Standard

Why RBI may not cut key policy rates in 2018 despite dip in inflation

SBI said that the 'best is yet to come' and the RBI's inflation targets will be undershot by up to 0.50 percentage points Press Trust of India | Mumbai Last Updated at March 13, 2018 16:25 IST Reserve Bank of India (RBI) head office in Mumbai | Photo: Reuters ...
 Business Standard4 days ago Why RBI does not want to hike rates  Rediff.com1 month ago
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