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Tag: SBI

SBI education loan for vocational studies 2019: Check expenses covered, rates, other details

Loknath Das, , , , , , , , , , , ,

State Bank of India (SBI) offers the facility of education loan for vocational studies under which resident Indians can avail a term loan for pursuing skill development courses in India. State Bank of India grants a maximum loan of Rs 1.5 lakh for vocational training and studies.  |  Photo Credit: BCCL New Delhi: State Bank of India (SBI) offers the facility of education loan for vocational studies under which resident Indians can avail a term loan for pursuing skill development courses in India. SBI educational loan for vocational training and studies covers…

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SBI, IFCI, United Bank scout for buyers to clear off Rs16,349 crore NPA

Loknath Das, , , , , , , , , , , , ,

SBI has asked the bidders to submit expression of interest by 9 March 2018 and further to complete the due diligence by 22 March. Photo: Indranil Bhoumik/Mint New Delhi: State-owned State Bank of India (SBI), United Bank of India (UBI) and long-term infrastructure lender IFCI are looking for buyers to sell as many as 110 accounts that have turned dud to recover dues over Rs16,349 crore. All the three have invited bids today from eligible banks, financial institutions, asset reconstruction companies (ARCs) and non-banking financial companies (NBFCs) to prune such non-performing…

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SBI Life IPO subscribed 9% on Day 1

Loknath Das, , , , , , ,

The initial share sale offer of SBI Life Insurance Company was subscribed 9% on the first day of the three-day bidding on Wednesday, stock exchanges data showed. The Rs 8,400 crore initial public offer (IPO) received bids for 83,67,555 shares against the total issue size of 8,82,00,000 shares, data available with the NSE showed. The category reserved for qualified institutional buyers (QIBs) was subscribed 6%, non-institutional investors 1% and retail investors 16%. The IPO received over 1.6 lakh applications on the first day, investment banking sources said. SBI Life Insurance…

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