SBI Q4 takeaways: Asset quality outlook improves, retail loan growth sturdy

SBI Q4 takeaways: Asset quality outlook improves, retail loan growth sturdy

MUMBAI: reported a blockbuster set of earnings for the quarter ended March with both the botttomline and topline handsomely beating analysts’ expectations. The state-owned bank’s earnings were boosted by the resolution of a large corporate loan account after made payment for the acquisition of Bhushan Power & Steel during the quarter. The lender’s net profit … Read more

Bhushan Power & Steel probe: ED unearths Rs 700 crore of ‘clandestine clearance’ of goods

Bhushan Power & Steel probe: ED unearths Rs 700 crore of ‘clandestine clearance’ of goods

Mumbai: The Enforcement Directorate (ED) probing a money laundering case against erstwhile management of Bhushan Power & Steel Limited (BPSL), has come across alleged ‘clandestine clearances’ of finished goods from its Odisha Plant to its plants at Kolkata and Chandigarh. According to the agency, goods valued at Rs. 700 crore had been allegedly cleared without … Read more