Tag Archives: SBI

Buy State Bank of India, target price Rs 560: Edelweiss

Edelweiss has buy call on State Bank of India with a target price of Rs 560. The current market price of State Bank of India is Rs 524. Time period given by analyst is Intra Day when State Bank of … Continue reading

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Confident that Chaudhuri will be released unconditionally: SBI chairman Dinesh Khara

State Bank of India (SBI) chairman Dinesh Khara has spoken out in support of his predecessor Pratip Chaudhuri, in his first comments since Chaudhuri’s arrest on Monday. Replying to a question by ET, Khara described the arrest as “unfortunate” and … Continue reading

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SBI former chairman arrest matter in court, Govt can’t intervene

The government is seized of the arrest of former State Bank of India chairman Pratip Chaudhuri in a non-performing loan settlement case, but feels any official intervention is not possible at this stage as the matter is before court, people … Continue reading

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SBI issues clarification on Pratip Chaudhuri case, points to ‘factual inaccuracies in complainant’s versio

In response to multiple reports of former Chairman Pratip Chaudhuri being arrested in a loan scam case, the company on Monday issued a clarification, saying the assets were sold with due process in March 2014, after Chaudhuri retired from the … Continue reading

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Former SBI chairman Pratip Chaudhuri’s arrest: Bankers shocked over ‘high-handed’ move

Former State Bank of India (SBI) chairman Pratip Chaudhuri was arrested by the Rajasthan police on Monday on complaints from a loan defaulter sending shock waves in the banking industry that was just limping back to normalcy after years of … Continue reading

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Niti Aayog, World Bank ready electric vehicles financing push

Niti Aayog and the World Bank are working together to facilitate a programme for faster and easier financing of electric vehicles (EV) after high-street banks seemed lukewarm due to a small resale market, higher default probabilities and significant upfront costs. … Continue reading

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SBI to raise Rs 4000 crore via bonds

Mumbai: The State Bank of India (SBI) is planning to raise about ₹4,000 crore via bond sales as it is gearing up to strengthen its capital base with credit demand reviving gradually. The lender is weighing options to raise money … Continue reading

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Delhi High Court asks RBI, SBI to respond to plea to revoke prohibition on use of UPI for cryptocurrency e

The Delhi High Court Thursday sought the response of the Reserve Bank of India and State Bank of India on a plea seeking to direct the authorities to revoke the prohibition on the use of UPI platform in dealing and … Continue reading

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Premium whiskey maker Beam Suntory makes a donation towards India’s Covid-19 relief efforts

Liquor firm Beam Suntory, the maker of premium whiskey brands Jim Beam, Yamazaki and Hibiki, has pledged a donation of $600,000 (about Rs 4.4 crore) to support India’s Covid-19 relief measures. The fund will be used to increase access to … Continue reading

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We have to lead sustainability indicators: SBI Chairman Dinesh Khara

ESG (Environmental Social Governance) would assume a key role in ramping up growth, said Dinesh Khara, chairman at State Bank of India . “India is taking its rightful place on the world stage and as a global leader, we have … Continue reading

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