SBI seeks largest dollar-denominated loan of 2024 worth USD 1.25 bn: Report
The loan is being raised for general corporate purposes through its branch at the Gujarat International Finance Tec-City, the report said.
The loan is being raised for general corporate purposes through its branch at the Gujarat International Finance Tec-City, the report said.
State Bank of India (SBI) on Friday reported 28 per cent spike in net profit at Rs 18,331 crore for the quarter ended September 30, 2024. In the year ago period, it reported net profit of Rs 14,330 crore. On a sequential basis, SBI's Q2 profit rose 7.6 per cent from Rs 17,035.16 crore.
State Bank of India MD Rana Ashutosh Kumar Singh, CGM, Kolkata circle Satyendra Kumar Singh, network GMs Sanatan Mishra and Nand Kishor Singh and GM
Reliance Industries, ICICI Bank, State Bank of India, ITC, Hindustan Unilever, and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, and Infosys faced erosion from their market valuation.
The number of crorepati taxpayers in India increased five times to 2.2 lakh in the income tax assessment year (AY) 2024, compared to AY 2014, according to a new report.
A deputy manager in an SBI branch is accused of sanctioning a loan against ineligible persons without the knowledge of the borrowers.
The party has also demanded a Supreme Court monitored time-bound probe into the matter.
The greed of Indian corporate promoters is unparalleled. There is a saying in the stock market that promoters recover their investment by bringing in their first IPO in which they sell their shares to the public at highly inflated prices. This saying has more than a grain of truth in it; almost all share issues are priced at many times of their face value; typically, a share with a face value of Rs.10 is offered to the public at Rs.600-Rs.700
Kalpesh K. Avasia, Chief General Manager of New Delhi Circle, handed over the vehicle today to Surgeon Vice Admiral Rajat Datta, Director General, of Armed Forces Medical Services at the Army Hospital (R&R), New Delhi campus.
India's software export revenue and remittances act as a strong counter-cyclical buffer against the increase in current account deficit (CAD) due to a hike in global oil prices and rupee depreciation, said the State Bank of India's (SBI) Chief Economic Adviser.
