[ad_1] The Reserve Bank on Monday said it has imposed penalties on three state-owned banks, including SBI and Indian Bank, for violation of various regulatory norms. A penalty […]
M-cap of nine of top-10 valued firms add Rs 1.80 trn; TCS biggest winner
[ad_1] The combined market valuation of nine of the top-10 most valued firms rallied by Rs 1,80,788.99 crore last week, amid an overall buoyant trend in equities, […]
RBI to withdraw incremental cash reserve ratio by Oct 7 in phased manner
[ad_1] Representative Image (Photo: Bloomberg) The Reserve Bank of India has decided to discontinue the Incremental Cash Reserve Ratio (I-CRR) by 7 October in a phased manner, […]
Gaming firm Nazara Technologies to raise Rs 410 cr from SBI Mutual Fund
[ad_1] Nazara Technologies, a gaming and sports media firm, said on Thursday its board has approved raising funds worth Rs 410 crore by issuing more than 5.7 million […]
FSIB recommends Vinay Tonse for MD position in State Bank of India
[ad_1] The Financial Services Institutions Bureau (FSIB) has recommended Vinay Tonse’s name for the position of managing director (MD) in State Bank of India (SBI). At present, […]
SBI beats Reliance Industries to become India’s most profitable company
[ad_1] The changes in the domestic and global economy following the outbreak of the Covid-19 pandemic are altering the corporate profit league table in India. Reliance Industries […]
Stock Market LIVE: Asian markets slip on weak handover from the US
[ad_1] Stock market LIVE updates on August 7, 2023: On Friday in the US, the S&P 500 and Nasdaq Composite slumped for a fourth straight session, and notched […]
M-cap of 7 of top-10 valued firms erode by Rs 1 trn, SBI biggest laggard
[ad_1] The combined market valuation of seven of the top-10 most valued firms eroded by Rs 1,09,947.86 crore last week, with State Bank of India taking the […]
Net profit up 178% to Rs 16,884 cr, NII rises 25%
[ad_1] Gross non-performing asset ratio of 2.76 per cent was down by 115 bps YoY. Net NPA ratio, at 0.71 per cent, was down 29 bps YoY. […]
Profit more-than-doubles to Rs 16,884 cr, NII up 25% YoY
[ad_1] State Bank of India (SBI)’s standalone net profit more-than-doubled to Rs 16,884.29 crore in the June quarter (Q1) of financial year 2023-24 (FY24), driven primarily by […]