BANKING & FINANCE
SBI Raises ₹6,051-Cr Via Tier-2 Bonds at 7.05% Coupon Rate
State Bank of India (SBI) has raised ₹6,051 crore through its second Basel III-compliant Tier 2 bond issuance in the current financial year, at a coupon rate of 7.05%. The bonds carry a tenor of 10 years, with a call option after five years and on every anniversary thereafter. The issue has been rated AAA […]
CW Bureau
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Mar 18, 2026
BANKING & FINANCE
Canara Bank Classifies RCom, Reliance Tele Accounts As ‘Fraud’
Public sector lender Canara Bank has classified the loan accounts of Reliance Communications Ltd (RCom) and its subsidiary Reliance Telecom Ltd (RTL) as “fraud” and will report the case to the Reserve Bank of India for inclusion in the Central Fraud Registry, even as the company is undergoing the corporate insolvency resolution process (CIRP). In […]
CW Bureau
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Mar 7, 2026
BANKING & FINANCE
SBI Net Surge Driven By Lower Credit Costs, Improved Asset Quality
State Bank of India (SBI), the country’s largest commercial bank, delivered a strong earnings performance in the December quarter of FY26, with standalone net profit rising 24.49% year-on-year to ₹21,028 crore. The sharp improvement was driven primarily by lower provisioning costs and sustained asset quality gains, even as margins moderated marginally. The standout feature of […]
CW Bureau
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Feb 8, 2026
