SBI has a plan ready to cash in on India’s shadow bank crisis

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First, between FY15 and FY19, the government has already pumped in Rs 2.5 trillion of capital into public sector banks. Second, of course, deep structural reforms have to be part of any solution set, and we still await them. In short, even without a bad bank, we are currently throwing good money into status quo and hoping for the best.

For the quarter ended June 2019, SBI has posted a net profit of Rs 23 bn (up 147.4% YoY). Sales on the other hand came in at Rs 626 bn (up 6.5% YoY). Read on for a complete analysis of SBI’s quarterly results. BANK OF INDIA Announces Quarterly Results (1QFY20); Net Profit Up 155.1% (quarterly result update) jul 31, 2019 | Updated on Jul 31, 2019

The decision by State Bank. Indian banks to move to external benchmarks for setting lending rates. Henceforth, SBI’s interest rates on savings accounts with balances above 1 lakh will be pegged.

 · The Arunachal Pradesh Congress Committee (APCC) and its frontal wings gheraod and hold demonstrations in front of the State Bank of India and Regional Business Office (SBI) at.

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The best revival prospect would be to have a new investor who brings in sufficient cash and also has a definite plan going forward, they added.. led by State Bank of India (SBI), has invited.

Jet Airways Chairman Naresh Goyal has told the State Bank of India (SBI) that he is ready to invest up to Rs 700 crore in the airline on the condition that his stake does not fall below 25 per cent.

Jet Airways, India’s second-largest airline, plunged into a deeper crisis. naresh goyal has been a stumbling block in all the resolution plans as he is not ready to reduce his stake in the company.

However, SBI savings bank account holders with less than 1 lakh balance will continue to get 3.5 per cent interest on deposits. According to the information provided on the website of State Bank of.

 · Jet AirwaysNSE 5.78 % Chairman Naresh Goyal has told the State Bank of India (SBINSE -1.90 %) that he is ready to invest up to Rs 700 crore in the airline on the condition that his stake does not fall below 25 per cent.

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