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SBI Assets News

10 Oct 2018

SBI steps in to rescue cash strapped NBFCs, to buy good assets worth Rs 45K cr

NBFCs along with mutual funds have been facing a liquidity crunch following a series of loan repayment default since late September by IL&FS and its group companies.

State Bank of India

11 Aug 2017

SBI Q1 net profit jumps 5-fold to Rs 2,006 crore; NPAs spike

SBI had reported a net profit of Rs 867.32 crore in the same quarter of last fiscal.

State Bank of India

20 Aug 2016

SBI says will gain $120 billion in assets from takeover of units

State Bank of India (SBI), the nation`s biggest lender by assets, will gain $120 billion in assets following its merger with associate banks and Bharatiya Mahila Bank, the lender said in a statement on Saturday.

12 Jul 2015

SBI to provide all info of distressed asset under auction

At the past two online auctions conducted in March and June, which was an industry first, the bank was successful in selling distressed residential properties, but failed to sell commercial properties in sizable numbers.

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