Latest Markets Business BEEPS Earnings Personal Finance

SBI Slammed Again! This Time For An Advertisement

SBI today put out full-page ads to announce 5 million Facebook "likes" SBI was criticised for wasting money as it is struggling with bad loans SBI reported a 62 per cent drop in Q3 profit

NDTV Profit Desk
SBI claims to be the world's most 'followed' bank on Facebook

State Bank of India, which came in for criticism last week for being late in taking action against Kingfisher Airlines, was slammed on micro-blogging site Twitter today for putting out full-page newspaper advertisements announcing the milestone of 5 million Facebook "likes".

The advertisement comes at a time when state-run banks are under severe strain on account of rising bad loans. Non-performing assets, or bad loans, of public sector banks have increased by nearly Rs 1 lakh crore to Rs 3.6 lakh crore in the first nine months of the current fiscal.

"Many ironies in India's ailing govt-run banks paying for full-page newspaper ads to tout record @Facebook followers," tweeted Raju Narisetti, senior vice president (strategy) at NewsCorp.
 

State Bank of India, which came in for criticism last week for being late in taking action against Kingfisher Airlines, was slammed on micro-blogging site Twitter today for putting out full-page newspaper advertisements announcing the milestone of 5 million Facebook "likes".

The advertisement comes at a time when state-run banks are under severe strain on account of rising bad loans. Non-performing assets, or bad loans, of public sector banks have increased by nearly Rs 1 lakh crore to Rs 3.6 lakh crore in the first nine months of the current fiscal.

"Many ironies in India's ailing govt-run banks paying for full-page newspaper ads to tout record @Facebook followers," tweeted Raju Narisetti, senior vice president (strategy) at NewsCorp.
 

State Bank of India, which came in for criticism last week for being late in taking action against Kingfisher Airlines, was slammed on micro-blogging site Twitter today for putting out full-page newspaper advertisements announcing the milestone of 5 million Facebook "likes".

The advertisement comes at a time when state-run banks are under severe strain on account of rising bad loans. Non-performing assets, or bad loans, of public sector banks have increased by nearly Rs 1 lakh crore to Rs 3.6 lakh crore in the first nine months of the current fiscal.

"Many ironies in India's ailing govt-run banks paying for full-page newspaper ads to tout record @Facebook followers," tweeted Raju Narisetti, senior vice president (strategy) at NewsCorp.
 

lock-gif
Register for Free
to continue reading
Sign Up with Google
OR
Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit. Feel free to Add NDTV Profit as trusted source on Google.
GET REGULAR UPDATES
Add us to your Preferences
Set as your preferred source on Google
Beeps Img

NSE Revises Market Lots For Key Index Derivatives From Oct 28 — Check New Nifty 50, Bank Nifty Lot Size

  • chevron-double-right NSE will reduce lot sizes for select indices from Oct. 28, per SEBI guidelines
  • chevron-double-right Nifty 50 lot size has been cut from 75 to 65, and Bank Nifty from 35 to 30
  • chevron-double-right Revised lot sizes will apply to weekly and monthly contracts from Jan 2026
More Beeps chevron-right

RECOMMENDED FOR YOU

CFO Leaders: The Making Of Five Star CFOs 
timelogo Jan 14, 2021
Stocks Rise, Treasuries Fall on Stimulus Bets: Markets Wrap
timelogo Aug 19, 2019
Stocks End Record-Setting Week With Further Gains: Markets Wrap
timelogo Jul 15, 2019
The Mutual Fund Show: The Dos And Don’ts Of Online Investing
timelogo Apr 27, 2019

POPULAR

1
Tata Capital Raises Rs 4,641 Crore From Anchor Investors Ahead Of IPO
2
RBI Rate Decision, Rupee Plunge, Trump's Gaza Peace Plan, And More — The Week That Was
3
LG Electronics IPO: Price Band, Financials, Key Dates, And More — All You Need To Know
4
NSE Revises Market Lots For Key Index Derivatives From Oct 28 — Check New Nifty 50, Bank Nifty Lot Size
5
Eternal Block Deal: Goldman Sachs Sells Stake Worth Rs 355 Crore In Zomato Parent
Google Badge