SBI News


HDFC Breaches RBI limits on Loans to RIL

New Delhi: HDFC Bank’s single borrower limits prescribed by the Reserve Bank of India (RBI) in the case of credit exposure to the corporate giant Reliance Industries Ltd (RIL). The private sector lender, however, said its board approved “the excess in respect of this exhibition”, and was within the ceiling of 20 percent of capital funds. The central bank has set a maximum limit of...

SBI to take on badly Loans after Q3 profit Drop

“We need better management of what we have, and should have procedures in place to pick and choose a lot better: We’ll have a lot better early warning signal,” State Bank of India said. State-Bank-Of-India-logo SBI posted a 34 percent drop in third-quarter net profit of 22.34 billion rupees in the quarter ended December, analysts estimate 25.3 billion rupees. Net interest margins,...