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SBI launches separate vertical for agriculture, micro credit

SBI launches separate vertical for agriculture, micro credit

🕔16:58, 2.Jun 2020

New Delhi, June 2  In a major restructuring exercise, the State Bank of India (SBI), the largest lender of the country, has created a separate FI&MM vertical within the Bank with an exclusive focus on Financial Inclusion & Micro markets

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SBI employees contribute additional Rs 7.95 cr to PM-CARES Fund

SBI employees contribute additional Rs 7.95 cr to PM-CARES Fund

🕔20:34, 19.May 2020

Mumbai, May 19  In battle against the COVID-19 crisis, employees of the country’s largest lender, State Bank of India (SBI) have decided to contribute an additional amount of Rs 7.95 crore to the Prime Minister’s Citizen Assistance and Relief in

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SBI reduces MCLR by 35 basis points across all tenors

SBI reduces MCLR by 35 basis points across all tenors

🕔07:01, 8.Apr 2020

Mumbai, April 8 Lending major State Bank of India (SBI) on Tuesday reduced the marginal cost of funds-based lending rate (MCLR) by 35 basis points across tenors. In financial parlance, MCLR is an internal reference rate that commercial banks use to

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SBI employees pledge Rs 100 cr to PM CARES Fund

SBI employees pledge Rs 100 cr to PM CARES Fund

🕔16:49, 31.Mar 2020

New Delhi, March 31  In the fight against COVID-19, around 2,56,000 employees of the country’s largest lender, State Bank of India (SBI), have decided to contribute two days’ salary to the Prime Minister’s National Relief Fund. With this collective effort

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Apollo Hospitals announces initiative for affordable accommodation

Apollo Hospitals announces initiative for affordable accommodation

🕔13:57, 31.Mar 2020

New Delhi, March 31  Apollo Hospitals Group on Monday announced ‘Project Stay I’, an initiative, with partnership with SBI, OYO, Hisdustan Unilever among others to creating isolation rooms in hotels with medical supervision for quarantine. In a statement the the

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SBI passes on entire 75 bps rate cut to borrowers

SBI passes on entire 75 bps rate cut to borrowers

🕔07:22, 28.Mar 2020

New Delhi, March 28  In a major relief for its customers, the State Bank of India (SBI) on Friday said that it would pass on the entire 75 basis point rate cut to its retail borrowers. In a statement, the

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Yes Bank allots shares to SBI, 7 private banks

Yes Bank allots shares to SBI, 7 private banks

🕔15:30, 15.Mar 2020

Mumbai, March 15  Crisis-hit Yes Bank has allotted 1,000 crore equity shares to seven private banks and the state-run State Bank of India for a total consideration of Rs 10,000 crore. IDFC First Bank is the latest to enter the

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Six pvt banks join SBI to rescue Yes Bank; Federal Bank commits Rs 300 cr

Six pvt banks join SBI to rescue Yes Bank; Federal Bank commits Rs 300 cr

🕔09:40, 15.Mar 2020

Mumbai, March 14 As the government on Saturday notified the reconstruction scheme for Yes Bank, major private banks have come out with investment commitments for the crisis-hit bank. Federal Bank on Saturday announced that it would invest Rs 300 crore

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Union Cabinet approves Yes Bank reconstruction scheme

Union Cabinet approves Yes Bank reconstruction scheme

🕔16:46, 13.Mar 2020

SBI to invest in 49 % stakes, ICICI bank to invest 100 cr & HDFC board also investing New Delhi, March 13 The Union Cabinet on Friday approved a reconstruction plan for cash-strapped Yes Bank, under which the State Bank

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SBI board okays share purchase in Yes Bank for Rs 7,250 cr

SBI board okays share purchase in Yes Bank for Rs 7,250 cr

🕔16:26, 12.Mar 2020

New Delhi, March 12  The State Bank of India (SBI) on Thursday said that its Executive Committee of Central Board (ECCB) has approved the purchase of 725 crore shares in Yes Bank at Rs 10 per share, which adds up

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SBI cuts MCLR, home & car loans to be cheaper

SBI cuts MCLR, home & car loans to be cheaper

🕔17:37, 11.Mar 2020

Mumbai, March 11  The State Bank of India (SBI) here on Wednesday reduced the marginal cost of funds-based lending rate (MCLR) by 10-15 basis points across tenors. “The one-year MCLR comes down to 7.75 per cent from 7.85 per cent

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SBI to acquire 245 crore shares in Yes Bank at a price of Rs 10 each

SBI to acquire 245 crore shares in Yes Bank at a price of Rs 10 each

🕔13:38, 9.Mar 2020

Mumbai, March 9  State Bank of India (SBI) will acquire a 49 per cent stake in the reconstructed Yes Bank by acquiring 245 crore shares at a price of Rs 10 each for Rs 2,450 crore in Yes Bank. Under

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RBI releases Yes Bank revival draft, says SBI ready to invest

RBI releases Yes Bank revival draft, says SBI ready to invest

🕔18:09, 6.Mar 2020

SBI to infuse 2450 cr for 10% stake of face value of Rs 10 Yes Bank Capital Altered to 5000 cr Mumbai, March 6 The Reserve Bank of India on Friday put out the draft of a revival scheme for

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SBI slashes MCLR by 5 bps across tenors

SBI slashes MCLR by 5 bps across tenors

🕔12:11, 7.Feb 2020

New Delhi, Feb 7  In its ninth consecutive cut in MCLR by a bank in the current fiscal, India’s top lender State Bank of India (SBI) on Friday aannounced a cut in the retail fixed deposits or FD rates effective

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MoU between SCR of Indian Railways and SBI for Doorstep Banking covering all 585 Stations of the Zone

MoU between SCR of Indian Railways and SBI for Doorstep Banking covering all 585 Stations of the Zone

🕔15:40, 14.Jan 2020

A Memorandum of Understanding was signed between South Central Zone of Indian Railways and State Bank of India for Doorstep Banking for direct pickup of earnings covering all 585 Railway stations over SCR Zone. The direct pick up of cash

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SBI invites bids to sell its 1% stake in NSE

SBI invites bids to sell its 1% stake in NSE

🕔06:45, 4.Jan 2020

New Delhi, Jan 4  State-run State Bank of India (SBI) on Friday invited bids for selling its 1 per cent stake in the National Stock Exchange (NSE). “SBI is one of the shareholders of National Stock Exchange of India Ltd

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SBI cuts EBR, home loans to get cheaper from Jan

SBI cuts EBR, home loans to get cheaper from Jan

🕔19:03, 30.Dec 2019

New Delhi, Dec 30 The State Bank of India (SBI) on Monday reduced the external benchmark-based rate (EBR) by 25 basis points to 7.80 per cent from 8.05 per cent, which would be effective from January. With this, the EMI

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NCLT not right forum for resolving stressed SMEs: SBI Chief

NCLT not right forum for resolving stressed SMEs: SBI Chief

🕔19:08, 16.Dec 2019

New Delhi, Dec 17  State Bank of India (SBI) Chairman Rajnish Kumar on Monday said that National Company Law Tribunal (NCLT) is not the right platform for resolution of bankrupt small and medium enterprises (SMEs) Speaking to the media on

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SBI may pay Essar lenders on Monday as ArcelorMittal pays up

SBI may pay Essar lenders on Monday as ArcelorMittal pays up

🕔06:49, 16.Dec 2019

New Delhi, Dec 16  The State Bank of India (SBI), the lead banker of the bankrupt Essar Steel, is likely to settle dues of other lenders as it received Rs 40,000 crore on Friday from ArcelorMittal, which is going to

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