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FE Best Banks awards to be presented today

Arundhati Bhattacharya, former chairman, State Bank of India, will carry home the Lifetime Achievement Award, while Romesh Sobti, CEO, IndusInd Bank, will walk away with the Banker of the Year award for 2016-17. T

SBI net profit slips 69% to Rs 576 crore in second quarter

The State Bank of India had reported a net loss of Rs 4,875.85 crore in the first quarter of the current fiscal due to higher provisioning for bad loans.

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Government entities to lose big if IL&FS defaults on its debt

The list includes General Insurance Corporation, LIC, SBI Employees Pension Fund, Postal Life Insurance Fund, NPS Trust, Oriental Insurance Company and United India Insurance among others.

SBI to sell 8 NPAs to recover dues worth over Rs 3,900 crore

In the first quarter ended June of the current fiscal, SBI has reported a hefty loss of Rs 4,876 crore due to higher NPAs or bad loans. Banks, especially state-owned, are sitting on heavy bad loans and are adopting an aggressive approach to resolve them by making recoveries through various modes.

SBI recruitment: Register for deputy manager, fire officer posts at sbi.co.in/careers, check salary details

SBI recruitment 2018: The State Bank of India (SBI) has released a notification for recruitment of specialist cadre officers posts. Those interested are required to apply at the official website — www.sbi.co.in/careers.

SBI changes names, IFSC codes of nearly 1,300 branches post merger with associates

The merger of six associate banks and Bhartiya Mahila Bank (BMB) with State Bank of India (SBI) came to effect from April 1, 2017 resulting into increase in size and valuation of the bank.

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Sudden depreciation or appreciation of Rupee not good: SBI

On dual control of public sector banks (PSBs) by RBI and the government, Ghosh said "the apex bank has enough powers to control them. PSBs are subject to more audits than private banks".

Consortium lending: SBI chief Rajnish Kumar says banks should review models

Banks had recently agreed to adopt an inter-creditor agreement for consortium lending, under which the lead bank will be entrusted with the job of preparing a time-bound resolution plan for mid-sized bad loans.

SBI posts Rs 4,876-cr Q1 loss, as bad loans, provisions increase

SBI Chairman Rajnish Kumar said he expected additions of bad loans to be more controlled going forward, and loan recoveries to gather pace as default cases are resolved at the bankruptcy court.

SBI Clerk Main exam 2018 analysis: Difficulty level moderate

SBI Clerk Main exam 2018: The test was held in morning and evening slots. There was a negative marking of one-fourth marks for each incorrect answer. Check paper analysis here

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