With the economy slowing to a paltry growth rate and IIP falling to 2%, the stress is building up across sectors. Bad loans of banks are rising, but banks
State Bank of India, the country's top lender, has cut its key lending rate, or base rate, by 5 basis points, deputy managing director, R Venkatachalam, said today.
State Bank of India's asset quality is improving compared to last year, Chairman Pratip Chaudhuri said on the sidelines of a news conference after announcing its $1.25 billion bond
State Bank of India (SBI), the country's top lender, is not worried about loans to telecom companies, whose licences have been cancelled, going bad as they may bid again, its
Indian companies are investing around the globe to buy assets and set up manufacturing facilities, oil exploration rigs, coal mines, hotels and restaurants as valuations of assets in Europe and
State Bank of India, the country's largest lender, said on Tuesday it will raise its benchmark lending rate, or base rate, by 75 basis points to 9.25 percent per
“At present, HPCL markets around 26 million tonnes per annum (mtpa) of petroleum products, whereas it produces nearly 16-17 mtpa. There is a gap of 8-9 mtpa. In next six years, we plan to ramp up production to 42 mtpa,” a senior company official told Financial Chronicle, requesting anonymity.
The exercise will cost the state-run refiner close to Rs 45,000 crore. This will include setting up of a green-field refinery in Ratnagiri, Maharashtra and modular expansion of brown-field refinery in Visakhapatnam, Andhra Pradesh. In addition, setting up of new retail outlets, depots and laying pipelines will expand marketing network.
State Bank of India (SBI) will soon give foreign banks a fight for their money in their own turf as its private banking initiatives are breaking even.
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William D. Green
Chairman & CEO, Accenture