Tag: SBI

Our digital transactions have gone as high as 67 per cent now: SBI Chairman

MUMBAI: The country’s largest lender State Bank of India (SBI) has seen a perceptible increase in the number transactions happening at its multiple digital channels, with the percentage moving from 60 per cent in the pre-pandemic period to 67 per cent currently, Chairman Dinesh Khara said. The rise in the number of digital transactions at […]

State Bank of India sign MoU with Shapoorji Pallonji

NEW DELHI: State Bank of India (SBI) and Shapoorji Pallonji Real Estate on Thursday signed a Memorandum of Understanding (MoU) to enable faster processing of home loans, approvals and to provide other benefits. The lender’s head and chief general manager (Real Estate & Housing Business Unit) Shreekant said the collaboration will create win-win business opportunities […]

Delhi High Court asks SBI to maintain status quo on accounts of Anil Ambani’s firms

NEW DELHI: The Delhi High Court Wednesday asked SBI to maintain status quo with regard to accounts of Anil Ambani’s firms — RCom, Reliance Telecom and Reliance Infratel, which have been declared by the bank as fraud accounts. Justice Prateek Jalan passed the order on a plea by erstwhile directors of the three companies challenging […]

Andhra Pradesh faces debt burden of Rs 3.73 lakh crore: CAG

By Surya Desaraju AMARAVATI: The Andhra Pradesh government’s gross debt burden has increased to Rs 3,73,140 crore by the end of November 2020. CAG’s latest accounts revealed that from April to November 2020 alone Rs 73,811.85 crore was borrowed from different sources as against the annual target of Rs 48,295.59 crore for the whole year. […]

French giant Amundi threatens to divest SBI bonds over Adani coal mine loan

NEW DELHI: One of the State Bank of India (SBI)’s investors, French giant Amundi has announced that it would sell off its SBI green bonds if the bank grants a Rs 5,000 crore loan to Adanis Carmichael coal mine in Australia. Amundi holds 37 per cent stake in SBI Mutual Fund in the venture with […]

SBI set to offer Rs 5000 crore loan to Adani coal project in Australia: Report

NEW DELHI: The State Bank of India (SBI) is set to offer a Rs 5,000-crore loan to Adani Enterprises Ltd’s Australian mining company, now renamed Bravus Mining & Resources, as per media reports. As per media reports, the loan agreement between SBI and Adani Group is nearly done and a ratification is expected from the […]

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