Tatas, VW tie up for eco segment models. Featured Today In Travel. SBI said that the new entity has been established to save time of banks' executives who are involved in managing these non-core businesses.SSAP No. 40R Wholly Owned Single Real Estate Property
All Comments Your Activity. The move is seen as public sector banks' efforts to exit non-core activities to improve balance sheet as they have piled up huge bad assets over the past few years. Business Sensex 404 points to end 9-day losing streak; Nifty above 10,700 01: Characters Remaining: Navbharat Times.
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With strict guidelines from government, many state-owned banks are exiting their non-core activities as well as selling their bad loans to asset reconstruction companies and other financial entities. Firms oppose extension of Feb 1 deadline 00: Open in app.
Notification Center. Login from existing account Facebook Google Email. Tribunal upholds Rs 10k-cr tax on Cairn. SBI creates wholly-owned subsidiary to manage real estate. Help us delete comments that do not follow these guidelines by marking them offensive.
Share on Facebook Share on Twitter. With this, the officers who were involved in non-core activities would be better utilised for core banking services, it said. Refrain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks, name calling or inciting hatred against any community.