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SBI launches SIM Binding feature on its online banking platform

SBI launches SIM Binding feature on its online banking platform

🕔20:04, 2.Aug 2021

New Delhi, Aug 2  To safeguard the interest of its customers, the State Bank of India (SBI) has launched a new security feature — SIM Binding in YONO and YONO Lite. The new version of these platforms will protect customers

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PRESIDENT KOVIND INAUGURATES STATE BANK OF INDIA BRANCH AT PRESIDENT’S ESTATE

PRESIDENT KOVIND INAUGURATES STATE BANK OF INDIA BRANCH AT PRESIDENT’S ESTATE

🕔13:00, 24.Jul 2021

The President of India, Ram Nath Kovind inaugurated a new branch of State Bank of India at the President’s Estate today (July 24, 2021). It will be the first branch of SBI which is being opened within the premises of

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SBI may need to raise only up to Rs 9K cr in capital in FY22

SBI may need to raise only up to Rs 9K cr in capital in FY22

🕔16:04, 23.Jun 2021

Mumbai, June 23  Country’s largest bank State Bank of India may raise only up to Rs 9,000 crore in capital through additional tier I bonds (AT1 bonds) in current financial year (FY22) and could consider additional raising plan only next

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No more space for monetary steps, tough task ahead for RBI: SBI Report

No more space for monetary steps, tough task ahead for RBI: SBI Report

🕔09:03, 15.Jun 2021

New Delhi, June 15  As the economy battles yet again to come out of the Covid-induced slowdown, an SBI Ecowrap report has suggested that the space for monetary accommodation is over, and the Reserve Bank of India (RBI) will face

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SBI launches ‘Kavach Personal Loan’ scheme for Covid patients

SBI launches ‘Kavach Personal Loan’ scheme for Covid patients

🕔21:24, 11.Jun 2021

Mumbai, June 11 The State Bank of India (SBI) has launched a collateral-free unique loan offering — ‘Kavach Personal Loan’ — for Covid patients. The loan covers expenses of Covid treatment of the customer and his/her family members. Under this

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SBI raises cash withdrawal limits at non-home branches

SBI raises cash withdrawal limits at non-home branches

🕔07:30, 31.May 2021

Mumbai, May 31  The State Bank of India (SBI) has increased the cash withdrawal limits through cheques and withdrawal forms for its customers at non-home branches. “To support our customers in this pandemic, SBI has increased the non-home cash withdrawal

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SBI shares surge post robust Q4 earnings

SBI shares surge post robust Q4 earnings

🕔12:34, 24.May 2021

Mumbai, May 24  Shares of State Bank of India (SBI) rose on Monday after the bank reported a strong performance in the January-March quarter. Around 11.30 a.m., shares of the state-run bank on the BSE were at Rs 411.85, higher

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SBI’s YoY Q4FY21 net profit up over 80%

SBI’s YoY Q4FY21 net profit up over 80%

🕔15:50, 21.May 2021

Mumbai, May 21  Lending major SBI on Friday reported a rise of 80.15 per cent in its net profit for the Q4FY21 on a year-on-year basis. Accordingly, bank’s net profit rose to Rs 6,451 crore from Rs 3,581 crore in

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SBI General Insurance fined Rs 30L by IRDAI

SBI General Insurance fined Rs 30L by IRDAI

🕔10:54, 11.May 2021

Chennai, May 11  Cutting down the penalty recommended by its Adjudicative Officer by Rs 70 lakh, Insurance Regulatory and Development Authority of India (IRDAI) has penalised SBI General Insurance Company Ltd Rs 30 lakh for repeatedly violating Insurance Act and

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SBI allocates Rs 71 Cr to combat 2nd wave of Covid-19

SBI allocates Rs 71 Cr to combat 2nd wave of Covid-19

🕔17:26, 3.May 2021

New Delhi, May 3  Country’s largest bank, the State Bank of India (SBI) has allocated Rs 71 crore, to undertake various support initiatives to help the country combat the second wave of Covid-19. The Bank has dedicated Rs 30 crore

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SBI board to mull raising $2 bn via bonds in FY22

SBI board to mull raising $2 bn via bonds in FY22

🕔20:20, 27.Apr 2021

Mumbai, April 27  The State Bank of India (SBI) on Tuesday said that the Executive Committee of its Central Board will consider raising $2 billion through bonds in the financial year 2021-22. The committee will meet on Wednesday, April 28,

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SBI, NPCI launch UPI awareness campaign for YONO users

SBI, NPCI launch UPI awareness campaign for YONO users

🕔14:43, 8.Apr 2021

New Delhi, April 8  The country’s largest lender State Bank of India (SBI) and the umbrella body of retail and digital payments National Payments Corporation of India (NPCI) have joined hands to launch a dedicated campaign to focus on deepening

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SBI raises additional $1B untied loan with JBIC

SBI raises additional $1B untied loan with JBIC

🕔15:18, 31.Mar 2021

Mumbai, March 31  Lending major State Bank of India (SBI) has entered into a loan agreement amounting up to $1 billion with Japanese government owned financial institution, JBIC. According to the lender, the loan is intended to promote ‘smooth flow

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SBI reduces home loan interest rates to 6.70%

SBI reduces home loan interest rates to 6.70%

🕔07:25, 2.Mar 2021

Mumbai, March 2  Lending major State Bank of India on Monday announced a limited period ‘home loan’ offer entailing a concession of up to 70 bps with interest rates starting from 6.70 per cent onwards. Accordingly, the limited period offer

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SBI Q3 FY21 net profit down 7% YoY

SBI Q3 FY21 net profit down 7% YoY

🕔17:40, 4.Feb 2021

Mumbai, Feb 4  Lending major State Bank of India (SBI) on Thursday reported a decline of 6.93 per cent in net profit for the third quarter of 2020-21 on a year-on-year basis. Accordingly, the bank’s net profit fell to Rs

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SBI offers further interest concession on home loans

SBI offers further interest concession on home loans

🕔17:27, 8.Jan 2021

Mumbai, Jan 8  With an aim to offer attractive concessions to the home buyers, country’s largest lender, State Bank of India (SBI) has offered further interest concession of upto 30 bps on home loans and 100 per cent waiver on

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SBI raises $600mn via ‘Regulation S’ bonds

SBI raises $600mn via ‘Regulation S’ bonds

🕔16:24, 7.Jan 2021

Mumbai, Jan 7  Lending major State Bank of India has raised $600 million of “Regulation S” bonds at a coupon rate of 1.80 per cent. Accordingly, the bank, acting through its London Branch, raised the sum for bonds benchmarked against

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SBI’s Q2FY21 net profit rises over 51%

SBI’s Q2FY21 net profit rises over 51%

🕔18:50, 4.Nov 2020

Mumbai, Nov 4  Lending major State Bank of India on Wednesday reported a rise of 51.88 per cent in its standalone net profit for Q2FY21 on a year-on-year basis. Accordingly, the lender’s net profit increased to Rs 4,574 crore from

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Paytm teams up with SBI Card to launch co-branded credit cards

Paytm teams up with SBI Card to launch co-branded credit cards

🕔18:43, 4.Nov 2020

New Delhi, Nov 4 Leading digital financial services platform Paytm and SBI Card on Wednesday said they have joined hands to launch co-branded credit cards. Available in two variants, Paytm SBI Card and Paytm SBI Card SELECT, the product has been

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SBI raises $1bn JBIC loan to finance Japanese auto entities in India

SBI raises $1bn JBIC loan to finance Japanese auto entities in India

🕔07:09, 29.Oct 2020

New Delhi, Oct 29  Country’s largest commercial bank, State Bank of India (SBI) has signed a loan agreement amounting to up to $1 billion with the Japan Bank for International Cooperation (JBIC). Out of total amount, $600 million will be

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