The proposed move to bring down government holding in State Bank of India to 51% from about 59% now could help the lender raise around Rs12,000 crore, a top SBI official said here on Friday.

Finance Minister Pranab Mukherjee Sunday inaugurated 154 branches and 2,151 automated teller machines (ATMs) of the country's largest lender, the State Bank of India, online here.

Recruitment Of Management Executives In State Bank Of India
In Middle Management Grade Scale - Ii (500 Posts)
Written Examination : 13.09.2009 (Sunday)
Last Date Of Payment Of Fees/Postage : 08.08.2009
Last Date For Registration Of On-Line Applications : 10.08.2009
On-Line Applications are invited from eligible Indian Citizens for appointment as Management Executives in State Bank of India (SBI). Candidates selected as Management Executives are liable to be posted anywhere in India.

Faced with onerous expenses, Tata Motors Ltd has hit upon a novel fund in raising plan. The country’s biggest automobile maker is looking to come out with India’s first ever guaranteed non-convertible debenture (NCD) issue, and is in talks with State Bank of India (SBI) , according to people familiar with the development.

The Sensex continues to trade in the negative terrain on selling witnessed in select frontliners. Banking, oil & gas and IT stocks led the declines, while auto stocks edged higher.
BSE Midcap index declined 0.13%, while Smallcap index rose 0.46%.