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Wed, Jun 15 2016

UPDATE 2-India approves SBI takeover of units - govt official

NEW DELHI, June 15 Prime Minister Narendra Modi's cabinet approved on Wednesday State Bank of India's (SBI) takeover of several subsidiaries, a government official said, in a first move to consolidate the country's struggling public sector banks.

India approves SBI takeover of units - govt source

NEW DELHI, June 15 Prime Minister Narendra Modi's cabinet on Wednesday approved the takeover by State Bank of India of several subsidiaries, a government source said, in a first move to consolidate the country's struggling public sector banks.

UPDATE 2-State Bank of India's outlook eases pain of profit fall

* Central bank-ordered bad loan clean-up has hurt Indian banks (Adds SBI guidance, other state-run bank results)

BRIEF-India's SBI says has $4.68 bln worth loans under watch on top of already stressed loans

* Exec says entire impact of RBI's asset quality review has been taken

State Bank of India Q4 profit down 66 pct on surge in bad loan provisions

MUMBAI, May 27 State Bank of India, the nation's top lender by assets, reported a worse-than-expected 66 percent fall in quarterly profit due to sharply higher provisions for bad loans.

BRIEF-State Bank of India sets 1-year MCLR at 9.15 pct

* Says 1-year marginal cost based lending rate at 9.15 percent

India's SBI asked to make provisions on food grain loans to Punjab state

MUMBAI, April 18 State Bank of India, the country's top lender, has been asked by the central bank to provide for losses on food grain-related loans issued to the government of the northern state of Punjab, chairman Arundhati Bhattacharya said on Monday.

Top Indian bank SBI sets lending rates under new rules

MUMBAI, March 31 State Bank of India, the nation's top lender by assets, on Thursday set lending rates under new rules that are aimed at improving tranmission of policy rate cuts and also making bank loans more competitive.

SBI sees bad loan pressure persisting as profit sinks

MUMBAI State Bank of India (SBI), the nation's top lender by assets, reported its biggest fall in quarterly profit in nearly five years as bad loan provisions jumped after a central bank drive to clean up bad debts in India's banking industry.

UPDATE 2-Top Indian lender SBI sees bad loan pressure persisting as profit sinks

* Indian banks treating more loans as bad in regulatory drive (Adds management comments)

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