Former SBI chairperson Arundhati Bhattacharya has joined the board of Reliance Industries (RIL) as independent additional director.

A research report by India's largest bank SBI Wednesday said the rupee depreciation has neither helped in improving exports nor in slowing imports, leading to an incremental trade deficit of USD 4 billion in the first half of the current fiscal.

It may appear that SBI is coming to bailout the NBFCs, but it can be a win-win situation for both and will also help SBI to improve its retail portfolio.

Default on payments has put NBFCs under scrutiny and exposed the fault lines in the commercial papers they have issued

The government has brought in a new board to rescue crisis-ridden IL&FS. What can it do quickly to prevent further damage?

In a notice on its website www.onlinesbi.com, the biggest lender in India alerted its clientele to register their mobile numbers with their home branch to continue using the internet banking services.