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RBI levies Rs 7 cr fine on SBI for non-compliance of norms

RBI levies Rs 7 cr fine on SBI for non-compliance of norms

🕔09:52, 16.Jul 2019

Mumbai, July 16  The Reserve Bank of India on Monday said that it has imposed a penalty of Rs 7 crore on State Bank of India for non-compliance of several norms. “This action is based on deficiencies in regulatory compliance

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SBI MD Anshula Kant appointed as MD, CFO of World Bank Group

SBI MD Anshula Kant appointed as MD, CFO of World Bank Group

🕔07:58, 13.Jul 2019

Washington/New Delhi, July 13  State Bank of India’s Managing Director Anshula Kant has been appointed as Managing Director and Chief Financial Officer of the World Bank Group. The appointment was announced by World Bank Group President David Malpass on Friday.

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SBI found flouting rules, says finally-released RBI report

SBI found flouting rules, says finally-released RBI report

🕔07:02, 10.Jul 2019

New Delhi, July 10  The country’s largest bank, the State Bank of India, has been found flouting several rules in its attempt to cover up non-performing assets (NPAs), according to the RBI’s annual inspection report. The Reserve Bank of India’s

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SBI to offer repo rate-linked home loans from July 1

SBI to offer repo rate-linked home loans from July 1

🕔07:32, 8.Jun 2019

Mumbai, June 8  The State Bank of India (SBI) on Friday said it would offer repo rate-linked home loans from July 1, 2019. It also announced the reduce interest rate on cash credit account and over draft customers with limits

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SBI posts muted Q4 profit, but asset quality, interest income up

SBI posts muted Q4 profit, but asset quality, interest income up

🕔07:32, 11.May 2019

Mumbai, May 11  State Bank of India on Friday posted a muted net profit of Rs 838 crore in Jan-March period of last fiscal on account of massive provisioning at Rs 16,502 crore, but the asset quality moved northwards as

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UK entrepreneur says SBI allows him to bid for Jet

UK entrepreneur says SBI allows him to bid for Jet

🕔19:17, 6.May 2019

Mumbai, May 6  British entrepreneur Jason Unsworth, who has evinced interest in investing in the now grounded Jet Airways, has claimed that the lenders’ consortium leader State Bank of India (SBI) has asked him to formally submit a bid for

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SBI links interest rates to RBI’s repo rate

SBI links interest rates to RBI’s repo rate

🕔06:44, 2.May 2019

Mumbai, May 2  Public sector lender State Bank of India (SBI) on Wednesday became the first Indian bank to link its saving and loan interest rates to the Reserve Bank of India (RBI)’s repo rate. The move assumes significance as

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SBI to raise Rs 17k cr via bonds in tranches in FY19

SBI to raise Rs 17k cr via bonds in tranches in FY19

🕔10:26, 25.Apr 2019

New Delhi, April 25  The board of the State Bank of India has approved raising up to $2.5 billion (around Rs 17,000 crore) through bonds in the current fiscal. The bank said its board has approved “long term fund raising

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PSBs continue with 180 days to resolve Jet

PSBs continue with 180 days to resolve Jet

🕔17:50, 7.Apr 2019

New Delhi, April 7  Public sector banks, led by State Bank of India, have given themselves 180 days to resolve the Jet Airways account even though the time limit has become irrelevant post Supreme Court order that quashed an earlier

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SBI, Ministry devise plan to pay Jet staff: Sources

SBI, Ministry devise plan to pay Jet staff: Sources

🕔06:57, 27.Mar 2019

New Delhi, March 27  The new interim management of the cash-strapped airline Jet Airways led by state-run SBI to oversee the daily operations and cash flow on Tuesday drew up a plan in consultation with the Civil Aviation Ministry to

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SBI to auction NPA assets worth Rs 6,169 cr in March

SBI to auction NPA assets worth Rs 6,169 cr in March

🕔12:54, 20.Mar 2019

New Delhi, March 20  The State Bank of India will auction non-performing assets (NPAs) amounting to Rs 6,169 crore in the next 10 days to recover its dues from various defaulting business outfits. The country’s largest lender carries out auctions

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Banks in no hurry to link repo with interest rates

Banks in no hurry to link repo with interest rates

🕔13:50, 12.Mar 2019

New Delhi, March 12  Public sector banks are in no hurry to follow big brother SBI in linking their deposit and lending rates to the RBI’s repo rate, which may further irk the Reserve Bank of India for not transmitting

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SBI to link key pricing decisions on saving deposits to repo rate

SBI to link key pricing decisions on saving deposits to repo rate

🕔06:23, 9.Mar 2019

Mumbai, March 9  Lending major SBI on Friday said it will link key pricing decision for savings bank deposits and short term loans to the repo rate of the RBI. According to the lending major, the step is in order

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SBI posting strong credit growth, NPA recovery on: MD

SBI posting strong credit growth, NPA recovery on: MD

🕔17:26, 28.Feb 2019

New Delhi, Feb 28 The State Bank of India, the country’s largest lender by asset size on Thursday, said the NPA recovery of the bank is proceeding smoothly and it is posting strong credit growth. “We are recovering well on NPAs

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No decision on taking Jet Airways to NCLT: SBI

No decision on taking Jet Airways to NCLT: SBI

🕔18:49, 25.Feb 2019

Mumbai, Feb 25  The State Bank of India (SBI) on Monday said no decision has been taken on moving the National Company Law Tribunal (NCLT) to recover loans from private carrier Jet Airways and called media reports in this regard

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SBI reduces rates on all home loans up to Rs 30 lakh

SBI reduces rates on all home loans up to Rs 30 lakh

🕔09:47, 9.Feb 2019

Mumbai, Feb 9  A day after the Reserve Bank of India (RBI) reduced a key lending rate, the State Bank of India (SBI) decided to cut interest rates on all home loans up to Rs 30 lakh. Rajnish Kumar, Chairman, SBI,

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SBI to sell Rs 15,431-cr loan exposure in Essar Steel

SBI to sell Rs 15,431-cr loan exposure in Essar Steel

🕔11:16, 17.Jan 2019

Mumbai, Jan 17 In a surprise move, State Bank of India (SBI) on Wednesday put its entire loan exposure of Rs 15,431.44 crore in bankrupt Essar Steel on sale even though the prolonged insolvency case had neared resolution last October. The

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SBI gets shareholders’ nod to raise Rs 20,000 crore

SBI gets shareholders’ nod to raise Rs 20,000 crore

🕔20:49, 7.Dec 2018

Mumbai, Dec 7  Lending major State Bank of India (SBI) on Friday said it has received shareholders’ approval to raise up to Rs 20,000 crore. According to the SBI, the approval for its proposal to “create, offer, issue and allot

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India’s GDP growth in Q2 likely to slow to 7.5-7.6%: SBI

India’s GDP growth in Q2 likely to slow to 7.5-7.6%: SBI

🕔10:24, 27.Nov 2018

Mumbai, Nov 27  Ahead of the official release of the second-quarter GDP figures, State Bank of India (SBI) on Monday estimated the country’s economy to expand by 7.5-7.6 per cent, slower than the prior quarter, mainly on account of a

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SBI’s Q2 standalone net profit slumps over 40% on year

SBI’s Q2 standalone net profit slumps over 40% on year

🕔10:26, 6.Nov 2018

Mumbai, Nov 6  State Bank of India on Monday reported an over 40 per cent year-on-year decline in its standalone net profit for the quarter ended September 30. According to the state-run lender, its net profit in the three months

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