State Bank of India

SBI will start using blockchain technology for ‘smart contracts’ and KYC from next month

State Bank of India has announced that it will start integrating <b>blockchain technology</b> in products starting next month as part of a beta test. …

Technology (India)

India’s biggest banks are piling on the losses, and investors are loving it

The Indian banking sector is in a curious situation: Some of the country’s biggest banks are reporting losses, yet stock markets are rewarding them.<p>The State Bank of India (SBI), India’s largest lender, reported a 38% decline in its net profit in the July-September quarter of financial year 2018. …

Markets

How to link your SBI account with Aadhaar before December 31 and why

If you are an SBI account holder then you need to link your bank account with your Aadhaar number in order to save it from getting suspended. The …

Banking

Moody’s upgrades India rating, backs Modi govt reforms

Moody’s has raised India’s credit rating from the lowest investment grade of Baa3 to Baa2, and changed the outlook from stable to positive

Economy

UPDATE 1-Indian mobile carrier Aircel delays debt servicing, says ratings agency

(Adds details from ratings agency, context, background)<p>MUMBAI, Nov 17 (Reuters) - Indian mobile carrier Aircel Ltd has delayed servicing its debt …

Mobile

India’s Surprise Credit Boost to Benefit Corporate Debtors

Indian companies are set to benefit from their government’s credit-rating upgrade Friday, with the move expected to boost demand for offshore bonds, …

Business

EMERGING MARKETS-Emerging stocks track U.S. gains, India shines

LONDON, Nov 17 (Reuters) - Earnings-driven gains on Wall Street pushed emerging stock markets higher on Friday, with Indian assets racing ahead …

Economy

SBI, HDFC Bank, EXIM Bank and IRFC also get Moody's rating upgrades

Moody's has also changed the ratings outlook to 'stable' from 'positive' for the four banks and some of their branches abroad

Economy

These 2 schemes will help in business expansion. Here’s how

Entrepreneurs always want to scale up their businesses and expand their operations. The MSME sector has always been striving to be the key players …

FinTech

Allahabad Bank to sell Rs 101-cr Khaitan Electricals debt

Kolkata, Nov 17 (PTI) Allahabad Bank has decided to put on sale bad loans worth Rs 101 crore of Khaitan Electricals Ltd (KEL), the consumer durables …

India

Moody's raises India's bond rating, expects reforms to foster growth

REUTERS - Moody's Investor Services lifted the Government of India's local and foreign currency debt ratings to Baa2 from Baa3, saying continued progress on economic and institutional reforms will enhance India's high growth potential.<p>The rating agency said that the reforms will improve the …

Economy

India shares higher at close of trade; Nifty 50 up 0.96%

Investing.com – India equities were higher at the close on Thursday, as gains in the IT, Technology and Power sectors propelled shares higher.<p>At the …

Markets

India sets up panel to foster state bank consolidation

MUMBAI/NEW DELHI -- The Indian government is determined to deliver the banking system from its bad loan mess through recapitalization -- while …

Banking

Indian firms fast embracing Microsoft 365 to build modern workplaces

NEW DELHI: With the Indian enterprises, along with over 50 million small and medium businesses (SMB), aiming to embrace digital workplaces, the …

The Workplace

Official Touts Cooperation, Not Competition Between Asia’s Infrastructure Lenders

(Danang, Vietnam) — Since China led the establishment of the Asian Infrastructure Investment Bank (AIIB) in 2015, there has been discussion about its …

News (China)

Govt finds 130,000 firms without PAN

Ministry of Corporate Affairs is now likely to examine whether all active companies have PAN or not

Business (India)

Stocks of oil refiners lift share indices in early trade, Sensex crosses 33,000

The companies gained because of a fall in crude prices overnight.<p>India’s benchmark indices rose on Thursday, led by a rise in stocks of oil refining …

Oil

Mumbai: Kingfisher House to be auctioned at Rs 82 crore

After failing multiple times to attract bidders for the Kingfisher House at Vile Parle, on Monday the 17-member consortium led by State Bank of India …

India

Food Prices Push Wholesale Inflation Higher In October

India's wholesale inflation rose in October on higher food prices.<p>Wholesale prices rose 3.59 percent during the month from a year earlier, according …

Economy

Hungry Foal Raises Pre-Series A from State Owned Gas Company

GAIL or Gas Limited is the largest state owned natural gas processing and distribution company in India.

North Korea

A year after demonetisation, currency chests of banks still saddled with crores in old notes

Written by Atikh Rashid | Pune |<p>The days after demonetisation (File)<p>A year after demonetisation, its success or failure is still a matter of debate, …

India

Bharat-22 ETF opens for anchor investors on Tuesday; Centre hopes to raise ₹8,000 crore through NFO

Investors to get 3% discount; for retail investors, minimum investment is ₹5,000<p>Mumbai, November 13:<p>ICICI Prudential on Monday announced the …

India

Sensex, Nifty plunge amid investor concerns over government finances, retail inflation data

Mahindra & Mahindra, Axis Bank, SBI and Tata Consultancy Services were the top gainers on both indices.<p>India’s benchmark indices slipped after …

India

Indian shares fall; L&T, refiners drag

* NSE down 0.5 pct, BSE down 0.3 pct<p>* Oil refiners remain under pressure<p>* L&T among top losers<p>Nov 13 (Reuters) - Indian shares declined on Monday, …

Markets

State Bank of India ADR 2018 Q2 - Results - Earnings Call Slides

The following slide deck was published by State Bank of India ADR in conjunction with their 2018 Q2 earnings call.<p>172<p>Click to enlarge

Business

Analysis: India plans lending reforms as bankers fear new bad debt crisis

NEW DELHI (Reuters) - Weeks after India unveiled a $32 billion bailout of state-run banks, top finance ministry officials and bankers will meet this weekend to discuss lending reforms designed to prevent another bad loans crisis.<p>Bankers and policymakers fear India could be throwing good money after …

India

SBI's results signal Indian banks' record bad loans peaking

MUMBAI (Reuters) - State Bank of India (SBI) posted quarterly results that indicated the nation’s lenders may see a slower build-up of bad loans, but questions remain on how quickly and smoothly they can get rid of $146 billion of such debt that has already piled up.<p>FILE PHOTO: The new logo of …

Business (India)

Fast Asia Open: Hong Kong GDP, Philippines trade data

Republican senators are to delay the introduction of corporate tax cuts and curb the generosity of some other tax reductions, risking a clash with …

Economy

Grab the Mop, State Bank - Bloomberg Gadfly

The 2.1 trillion rupee ($32 billion) government bailout of Indian lenders will obviously benefit the biggest of them all: State Bank of India. But …

Business

Former TN and India cricketer AG Milkha Singh dies aged 75

The former left-handed batsman, who was the first to score a century in the Duleep Trophy, died after a cardiac arrest

India