Indian Renewable Energy Development Agency Ltd (IREDA) has secured JPY 26 billion through external commercial borrowings (ECB) from the State Bank of India (SBI), Tokyo Branch, to accelerate renewable energy projects across India. The agreement, signed on March 27, 2025, includes a Green Shoe Option of JPY 10 billion, offering IREDA additional financial flexibility. The […]
IRDAI appoints former LIC and SBI chiefs, 3 others as members of revamped insurance advisory panel – CNBC TV18
The Insurance Regulatory and Development Authority of India (IRDAI) has reconstituted its Insurance Advisory Committee (IAC), appointing new members from diverse expertise. The committee is responsible for advising IRDAI on regulatory matters concerning the insurance industry. New appointments to the IAC According to the official gazette notification published by IRDAI, the following individuals have been […]
Vijay Mallya’s bankruptcy order appeals return to London High Court – CNBC TV18
Embattled businessman Vijay Mallya’s attempt to overturn a bankruptcy order imposed on him by the High Court in England over three years ago has returned for appeal hearings in London this week. Company Value Change %Change During a hearing at the Chancery Division in London on Wednesday, Justice Anthony Mann ruled against an adjournment petition […]
‘One of my fondest dreams’: SEBI chief hails ₹250 micro SIPs under JanNivesh scheme – CNBC TV18
SBI Mutual Fund, in collaboration with State Bank of India (SBI) and Paytm, has introduced the JanNivesh SIP scheme, allowing micro systematic investment plans (SIPs) starting from ₹250. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap 0.12% Axis […]
SBI shares: India’s largest lender can gain another 25%, analysts say – CNBC TV18
Shares of State Bank of India Ltd. will be in focus during Friday’s trading session after the country’s largest lender reported a December quarter profit beat due to lower credit costs, but a miss on net interest margin (NIM) and operating expenses (opex). Company Value Change %Change SBI’s asset quality remained strong, with a quarter-on-quarter […]
SBI Q3 Results: Net Interest Income misses expectations, asset quality stable – CNBC TV18
India’s largest lender State Bank of India Ltd. (SBI) reported results for the October-December period on Thursday, February 6. Company Value Change %Change Net Interest Income or core income of the lender increased by 4.1% from the same quarter last year to ₹41,446 crore. A CNBC-TV18 poll had projected the figure to be ₹42,592 crore. […]
Centre appoints Rama Mohan Rao Amara as managing director of SBI – CNBC TV18
State Bank of India (SBI) announced on Wednesday that the Centre has appointed Rama Mohan Rao Amara as its new Managing Director for a three-year term. Company Value Change %Change The decision was made by the Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi. Amara, who was previously serving as the Deputy […]
Bank stocks recapture their lost weight on the Nifty50 – CNBC TV18
Bank stocks are once again building up their muscles. The most influential segment of the nation’s $5.4 trillion equity market currently commands almost 33% weight on the Nifty50 index. The bounce back in these lenders is phenomenal considering the kind of underperformance that the sector had during the beginning of 2024. Company Value Change %Change […]
Write back of earlier provisions lightens SBI’s wage bill in September quarter – CNBC TV18
State Bank of India—the country’s largest lender—witnessed its wage bill for the September quarter decline by 22% to ₹14,807 crore. That was the lowest employee cost for the bank in absolute terms over the last eight quarters. Further, the double-digit drop in employee cost is also the biggest since June 2008. As of September end, […]
MTNL’s financial troubles deepen: Punjab and Sind Bank classifies account as non-performing asset – CNBC TV18
Mahanagar Telephone Nigam Ltd (MTNL) is facing financial challenges as Punjab and Sind Bank (PSB) on Thursday (October 17) has classified its account as a non-performing asset (NPA), effective October 8, 2024. This classification comes as a part of a broader trend, with several banks already having labelled MTNL’s debt as non-performing, indicating severe liquidity […]