"The broader theme is how to motivate branch level employees to align them with national priorities and how banks can contribute to make India a $5 trillion economy," SBI chairman Rajnish Kumar said.
The bank said the exercise was not to penalise non-performers, but to guide them to realize their potential
Magallanes Impacto has teamed up with Chennai-based Northern Arc Capital to jointly invest Rs 106 crore in a pooled bond issue.
State-run banks may link retail loans to an external benchmark, like repo rate
Total income rose to Rs 353 crore compared with Rs 328 crore in the year-ago period.
The bank has reported Rs 601.45 crore net loss for the June quarter.
The bank had reported Rs 599 crore loss in the year ago period while the loss for March quarter was Rs 1552 crore.
Large volumes in the offshore market reflect the fact that the interest in rupee is far larger than what is evident in onshore currency markets"
The post issue valuation of the bank would be around Rs 8500 crore.
The bank is required to complete listing of its shares on or before September 4.
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