News for 'State-run Bank of India'

Compensation not enough, say OMCs

Compensation not enough, say OMCs

Rediff.com7 Dec 2009

They want more cash, forex, higher bond coupons and increase in market prices for petrol, diesel, LPG.

Wilful defaulter tag for Kingfisher Airlines: FinMin takes stock

Wilful defaulter tag for Kingfisher Airlines: FinMin takes stock

Rediff.com13 Aug 2014

SBI-led consortium of 17 banks had a total exposure of about Rs 6,500 cr to Kingfisher Airlines.

Great leaders never waste a crisis, Mr Modi

Great leaders never waste a crisis, Mr Modi

Rediff.com18 Nov 2017

'We aren't so unreasonable as to demand that he should have fully reversed Indira Gandhi's worst economic legacy, bank nationalisation.' 'But he could have made a beginning by selling off the two most stressed small public sector banks, and then announced that each year for the next 10, one government bank with the most messed-up balance sheet will be sold.' 'It would have electrified the markets, shocked his other banks into better behaviour, and marked his name among the great reformers,' argues Shekhar Gupta.

Will HPCL, too, get the coveted Maharatna status?

Will HPCL, too, get the coveted Maharatna status?

Rediff.com11 Mar 2019

If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.

Indian awaits Senate nod to join US administration

Indian awaits Senate nod to join US administration

Rediff.com16 Feb 2010

Suresh Kumar's nomination by United States President Barack Obama, to be assistant secretary of commerce and director general of the United States and Foreign Commerce Service, sailed through two key US Senate Committees last week.Now the full Senate has to vote on his nomination, and sources said he could be in place in his job at Commerce by late February or early March.

What ails India's young and skilled workforce?

What ails India's young and skilled workforce?

Rediff.com2 Jun 2014

Young, ambitious workforce learns skill degrees come with no guarantees.

SC refuses Kingfisher's plea against 'wilful defaulter' tag

SC refuses Kingfisher's plea against 'wilful defaulter' tag

Rediff.com2 Sep 2014

Kingfisher Airlines said it would "vigorously challenge" the bank's decision.

SBI hikes lending rate by 50 bps

SBI hikes lending rate by 50 bps

Rediff.com16 Aug 2010

The State Bank of India SBI has raised the benchmark lending rate by 50 basis points to 12.25 per cent.

Sebi rejects consent settlement plea of SBI, 24 others

Sebi rejects consent settlement plea of SBI, 24 others

Rediff.com13 Sep 2013

Without giving specific details, Sebi said that SBI was being probed for 'alleged violation of regulations' contained in as many as 11 sections, sub-sections and clauses, including those related to the Code of Conduct, of the Securities and Exchange Board of India (Debenture Trustees) Regulations.

India may delay oil company share sales, threatening fund-raising target

India may delay oil company share sales, threatening fund-raising target

Rediff.com2 Apr 2015

New Delhi has missed its target for partial privatisations for the past five years

Rupee at two-week high; fund inflows continue to support

Rupee at two-week high; fund inflows continue to support

Rediff.com19 Nov 2013

However, dealers said that most of the rupee's gains were lost on consistent dollar demand from state-run oil refiners and other importers.

No woman director in 56 NSE-listed companies

No woman director in 56 NSE-listed companies

Rediff.com19 Apr 2016

All listed firms were required to have at least one woman director on their boards from April 1, 2015, as per a Sebi directive.

Rupee sees best single-day gain in a month

Rupee sees best single-day gain in a month

Rediff.com12 Sep 2014

The rupee had gained 2 paise to end at 60.93 against the greenback in Thursday's trade.

918 COVID-19 cases, 31 deaths reported in 24 hrs

918 COVID-19 cases, 31 deaths reported in 24 hrs

Rediff.com12 Apr 2020

While the number of active COVID-19 cases stood at 7,409, as many as 764 people have been cured and discharged, and one had migrated, it said. Of the total 273 deaths, Maharashtra tops the tally with 127 fatalities, followed by Madhya Pradesh at 36, Gujarat at 22 and Delhi at 19.

Rupee falls as dealers await support measures

Rupee falls as dealers await support measures

Rediff.com7 Aug 2013

The rupee resumed lower at 61.15 per dollar as against the last closing level of 60.77 per dollar yesterday at the Interbank Foreign Exchange (Forex) Market and dropped further to 61.44 per dollar before quoting at 61.40 per dollar at 1045 hours.

Sensex earnings growth on fast track

Sensex earnings growth on fast track

Rediff.com25 Aug 2014

India Inc's earnings seem to have gathered momentum with a surge in the BSE Sensex over the past two quarters.

Should Tata be ranked India's best brand?

Should Tata be ranked India's best brand?

Rediff.com18 Aug 2014

Famous and long believed to be trusted Indian brands have wilted against foreign brands, says Mohan Guruswamy.

Rupee ends at over 2-week high of 60.06

Rupee ends at over 2-week high of 60.06

Rediff.com30 Jul 2014

The dollar's gains against other currencies overseas and a lower opening in the domestic equity market also put pressure on the local unit, forex dealers said.

Firming food prices may prompt RBI to maintain status quo

Firming food prices may prompt RBI to maintain status quo

Rediff.com5 Apr 2015

The Reserve Bank is unlikely to lower the interest rates.

CBI lodges fresh FIR against Nirav Modi, approaches Interpol

CBI lodges fresh FIR against Nirav Modi, approaches Interpol

Rediff.com17 Feb 2018

The agency on Friday also carried out searches on the premises of the Gitanjali Group at 20 places in Mumbai, Pune, Surat, Jaipur, Hyderabad and Coimbatore.

CBI looking into RBI's rationale for rushing 20:80 gold import scheme

CBI looking into RBI's rationale for rushing 20:80 gold import scheme

Rediff.com9 Apr 2018

CBI officials, who questioned former RBI deputy governor H R Khan on Friday, wanted to understand from him why the gold scheme was rushed through without taking into the account the impact and potential misuse.

How serious is China about investing in India?

How serious is China about investing in India?

Rediff.com18 Sep 2014

Another sobering number is that the total Chinese investment in India in the past 10 years amounts to $400 million.

Why Rajan trashes bankers' call for CRR cut

Why Rajan trashes bankers' call for CRR cut

Rediff.com2 Jun 2015

Head of state-run Indian Bank T M Bhasin had called for a CRR cut.

Skymet offers no silver lining: Brace for weak monsoon

Skymet offers no silver lining: Brace for weak monsoon

Rediff.com28 Mar 2017

The monsoon this year in India was likely to be 'below normal' at 95% of LPA: Skymet

Rupee down 3 paise Vs USD at 60.53

Rupee down 3 paise Vs USD at 60.53

Rediff.com1 Sep 2014

The rupee had eased by five paise to close at 60.50 against the dollar in the previous session on Thursday.

2014-15 a year of financial sector reforms

2014-15 a year of financial sector reforms

Rediff.com31 Mar 2015

The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.

QIP fund-raising zooms as investor confidence returns

QIP fund-raising zooms as investor confidence returns

Rediff.com10 Jun 2014

The return of investor confidence in the equity markets is bringing some of the large companies back to the fund-raising table.

Treat gold deposits as part of cash reserve ratio: SBI

Treat gold deposits as part of cash reserve ratio: SBI

Rediff.com28 Jun 2014

The country's two biggest state-run lenders on Saturday pitched for treating a portion of their gold deposits as part of the mandatory cash reserve ratio (CRR) or statutory liquidity ratio (SLR), both of which banks consider as non-productive.

9 top-valued Sensex cos see Rs 93,000 crore m-cap erosion

9 top-valued Sensex cos see Rs 93,000 crore m-cap erosion

Rediff.com30 Aug 2015

9 top-valued Sensex cos see Rs 93,000 crore m-cap erosion

Utility debts threaten Modi's power-for-all drive

Utility debts threaten Modi's power-for-all drive

Rediff.com13 Sep 2015

Across India, decades of mismanagement and political meddling have left utilities selling electricity below cost and turning a blind eye to rampant theft.

Rupee weakens for third straight day; RBI policy watched

Rupee weakens for third straight day; RBI policy watched

Rediff.com2 Jun 2014

Investors were focussed on the RBI's monetary policy review on Tuesday which will give an insight into its inflation and rates outlook.

Tamil Nadu and the forgotten clamour for prohibition last election

Tamil Nadu and the forgotten clamour for prohibition last election

Rediff.com29 Apr 2021

If purists are surprised as to why and how people are not demanding prohibition or not talking about past promises, both in the election manifestos five years back and even those made to the courts, the answer lies in how the state has been evolving and changing these past few years, says N Sathiya Moorthy.

UBI board meets, discusses ways to cut bad loans

UBI board meets, discusses ways to cut bad loans

Rediff.com23 Feb 2014

Mulls ways to improve the bank's earnings, cut bad loans and step up credit recovery efforts

Why it's not going to be a smooth ride for private oil retailers

Why it's not going to be a smooth ride for private oil retailers

Rediff.com9 Nov 2018

As fuel prices surged in September, the government's decision to ask companies to cut price by Rs1 each on a litre of petrol and diesel came as a dampner for private players.

Financial inclusion may remain an unsolved puzzle

Financial inclusion may remain an unsolved puzzle

Rediff.com20 Aug 2014

Days after the PM announced a financial inclusion package, a look at how banks and insurance firms are going about it and what lies ahead.

Rupee gains on economic hopes

Rupee gains on economic hopes

Rediff.com2 Dec 2013

The rupee was last at 62.05/06 after gaining to as high 61.9650 against the dollar, its highest since Nov 19. It had closed at 62.44/45 on Friday.

Realty 2019: Housing sales remain sore spot

Realty 2019: Housing sales remain sore spot

Rediff.com30 Dec 2019

While sale of residential properties increased only marginally despite plethora of steps taken by the government through the year, office space leasing rose 40 per cent to touch an all-time high of 46.5 million sq ft -- a trend that drew investors to lap up India's first Real Estate Investment Trust at an issue size of nearly Rs 5,000 crore.

PNB scam, demand for special status for AP stall Parliament

PNB scam, demand for special status for AP stall Parliament

Rediff.com5 Mar 2018

Noisy protests disrupted the both houses of the Parliament on the first day of the second part of the budget session

Budget 2019: Centre's capex projected to rise to Rs 3.38 trillion in FY20

Budget 2019: Centre's capex projected to rise to Rs 3.38 trillion in FY20

Rediff.com6 Jul 2019

As a percentage of the aggregate Budget expenditure, it is 12 per cent.

Rupee retreats from 7-month high as shares fall

Rupee retreats from 7-month high as shares fall

Rediff.com11 Mar 2014

The domestic currency hovered in a range of 60.59-60.85 per dollar during the late morning deals.