State Bank of India

Vijay Mallya's Kingfisher House Auctioned at Rs 150 Crore Base Price

Vijay Mallya's Kingfisher's House is in auction with a base price fixed at Rs 150 crore. A consortium of SBI led the auction where interest buyers will bid online. Lenders are optimistic that the said e-auction will generate huge amount to suffice the amount to pay for the loans granted to Kingfisher Airlines and other debts.

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India's top bank SBI says bad loan pressure easing

State Bank of India, the nation's top lender by assets, posted better-than-expected quarterly bad debt levels on Friday and said it now expected an improvement, a long-awaited sign of easing pressure that helped its shares jump over five percent.

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Copying Alibaba, India e-tailers woo small sellers for growth

Indian e-commerce firms are offering funding help and tech support to woo small retailers, emulating a strategy used by Chinese online retail giant Alibaba Group Holding Ltd to expand into the towns and villages home to the majority of consumers.

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State Bank of India to raise international investments valued USD750 million

State Bank of India has announced raising USD750 million to USD1 billion worth of overseas investments through bond sales, reported ET.

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Dubai's Coal & Oil Group gets $250M to finish Independent Power Plant in India

Coal & Oil Group based in Dubai said it has secured $250 million for the completion of its 1,200 megawatt power plant called the Mutiara Thermal Power Plant in Tamil Nadu, India.

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State Bank of India to raise USD1.5 billion after its quarterly profit plunged

After posting its steepest quarterly profit decline in over two years, government-owned State Bank of India announced that it will raise INR95.76 billion via a share sale to investors or follow-on public offer.

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SBI invests in Equifax

Equifax Credit Information Services would receive an undisclosed amount from SBI as an investment.

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Mauritius opening up to Indian banks

Indian banks are seeking to set up shop in Mauritius in order to gain from possible business the African continent would provide.

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SBI increases stake in Indonesian subsidiary

In a filing on the Bombay Stock Exchange, the State Bank of India said that it had raised its stake in its Indonesian subsidiary by 99%.

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Aircel ties up INR8 billion loans to refinance existing debt

Aircel Ltd announced refinancing its existing debt through a tie up of nearly INR8 billion loans.

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ET Now's Nikunj Dalmia advises investors to keep Aurobindo Pharma in their radar

ET Now's Nikunj Dalmia advised investors to keep Aurobindo Pharma in their radar.

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Central bank of India levies US$8.3 million in fines for 22 lenders

The Reserve Bank of India imposed US$8.3 million in fines for 22 lenders that flouted rules and regulations on anti-money laundering.

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SBI Needs Rs3000 Crore to Merge One Associate Bank

SBI chairman Pratin Chaudhuri said that the State Bank of India needed Rs3000 crore to merge with one of its associates banks.

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SBI, Macquarie to invest in Indian road developer

State Bank of India, and Australia's Macquarie Group, have agreed to invest $150 million in a unit of infrastructure firm Ashoka Buildcon.

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