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SBI to sell 3 bad loan accounts to recover Rs 2,111 crore dues

Sunday, December 2, 2018, 7:51 PM

India's largest lender SBI has put up for sale three of its non-performing loan accounts to recover dues of Rs.2,110.71 crore. An e-auction will take place on December 13 for the sale of these three accounts Sona Alloys Pvt Ltd, MCL Global Steel Pvt Ltd and Jayaswal Neco Industries. Net NPAs stood at 4.84 per cent of net advances, up from 4.53 per cent.
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Deadline To Link Mobile Number With SBI Internet Banking Ends Today

Friday, November 30, 2018, 5:16 PM

The deadline for registering SBI internet banking with mobile number ends today. Customers failing to register it will not be able to access the internet banking facilities of SBI from December 1, the lender said on its online portal- onlinesbi.com. Users can also check if the mobile number is already registered with the bank by logging in to the internet banking facility.
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HSBC upgrades Indian stocks to neutral, citing reasonable valuations

Tuesday, November 27, 2018, 8:35 PM

HSBC has raised its rating on Indian equities to "neutral" from "underweight" in a regional context on Tuesday, citing recent underperformance and more reasonable valuations. "Since end-August, India underperformed because of issues in local banks, currency weakness and oil price volatility," HSBC analysts said in a note. Despite recent underperformance, these risks remain for Indian equity market.

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