NEWS & ADVICE : HOME LOANS
State Bank of India to take loan from overseas market
By Joseph Samson
Jun 18, 2012
Print    Email    RSS   

While attending a banking event, the Chairman of State Bank of India, Mr. Pratip Chaudhuri said that the bank aims to acquire a loan of $ 1 billion to $ 2 billion from foreign market. The loan will be acquired within the next three months.

Mr. Chaudhari did not provide any explanation regarding the pricing or from where the bank would take the loan.

State Bank of India has doubled its amount of borrowings to $ 10 billion dollars, from what it was last year. But it is yet to start with the fundraising owing to the bad market conditions.

It is to be noted that last October, Moody's Investor Service had lowered the bank's rank owing to its poor capital base and unsatisfactory quality of its assets.

But since then, things seem to have improved. The Indian government gave it a 79 billion rupees bail out in March and the bank also achieved higher profits which helped to boost its CRR. The bank also started giving increased importance to recoveries and detection of bad loans to augment its asset quality.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Financial Review: A must for every individual
How to go about ‘Leveraged Investing’
Get rid of your home loan faster
Step up loans: An easy way to own a dream...
7 most common Home Loan problems faced by...


PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive