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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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Festive cheers: SBI offers additional concessions on home loans

Festive cheers: SBI offers additional concessions on home loans

🕔18:29, 21.Oct 2020

New Delhi, Oct 21  Lending major State Bank of India (SBI) on Wednesday announced concession in home loan rates by as much as 25 basis points. Accordingly, an interest concession of 25 bps will be provided for buying homes of

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SBI waives processing fee on select retail loans

SBI waives processing fee on select retail loans

🕔17:17, 28.Sep 2020

New Delhi, Sep 28 To enlarge retail loans and online business, lending major SBI on Monday announced a 100 per cent waiver in the processing fee f or “Car, Gold, and Personal loans” availed through its integrated digital banking platform –

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SBI plans to use biz correspondents for collection activities

SBI plans to use biz correspondents for collection activities

🕔08:20, 26.Sep 2020

New Delhi, Sep 26 Lending major State Bank of India (SBI) will use its vast network of business correspondents for collection activities as it plans to focus on “Financial Inclusion and Micro Markets (FI&MM),” especially in rural and semi-urban areas,

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Google Pay adds tap to pay feature for Axis, SBI card users

Google Pay adds tap to pay feature for Axis, SBI card users

🕔14:27, 21.Sep 2020

New Delhi, Sep 21  Google Pay in collaboration with Visa and banking partners on Monday rolled out tokenisation across its platform, enabling users to safely transact with their cards and use Tap-to-pay feature on near-field communication (NFC)-enabled point of sale

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August inflation numbers could be 7% or above: SBI Ecowrap

August inflation numbers could be 7% or above: SBI Ecowrap

🕔08:08, 11.Sep 2020

New Delhi, Sep 11  August inflation numbers are expected to be elevated at around 7 per cent or even higher, a SBI Ecowrap report said on Thursday. According to the report, if the base effect is the primary reason for

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SBI raises Rs 4,000 cr via AT1 bonds

SBI raises Rs 4,000 cr via AT1 bonds

🕔18:01, 9.Sep 2020

Mumbai, Sep 9  Lending major State Bank of India on Wednesday reported that it has sold Rs 4,000 crore worth of Basel-compliant Additional Tier 1 (AT1) bonds. Accordingly, the bank’s ‘AT1’ bonds were issued at a coupon rate of 7.74

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SBI notice to BPSL ex-promoter Sanjay Singal to recover over Rs 12K cr

SBI notice to BPSL ex-promoter Sanjay Singal to recover over Rs 12K cr

🕔08:23, 8.Sep 2020

New Delhi, Sep 8  The State Bank of India (SBI) has invoked the personal guarantees of Sanjay Singal, former promoter of Bhushan Power & Steel Ltd (BPSL), and has sent him a demand notice for recovery of Rs 12,275.91 crore.

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Expanding operations, require more workforce, says SBI

Expanding operations, require more workforce, says SBI

🕔08:00, 8.Sep 2020

New Delhi, Sep 8  The State Bank of India (SBI) on Monday said it plans to recruit more than 14,000 employees this year. According to the lending major, it is expanding operations and thereby, requires manpower. “SBI has an existing

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FY21 GDP contraction already crosses 6.8%: SBI Ecowrap

FY21 GDP contraction already crosses 6.8%: SBI Ecowrap

🕔15:36, 17.Aug 2020

New Delhi, Aug 17  India’s FY21 GDP contraction has already crossed the (-) 6.8 per cent mark for 2020-21, SBI Ecowrap report said on Monday. An earlier Ecowrap report had estimated GDP for FY21 was 2.6 per cent when India

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SEBI fines SBI, LIC, BoB for violation of mutual fund norms

SEBI fines SBI, LIC, BoB for violation of mutual fund norms

🕔07:24, 15.Aug 2020

Mumbai, Aug 15  The Securities and Exchange Board of India (SEBI) on Friday imposed penalties of Rs 10 lakh each on the State Bank of India (SBI), the Life Insurance Corp of India (LIC) and the Bank of Baroda (BoB)

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SBI’s Q1FY21 net profit up 81%

SBI’s Q1FY21 net profit up 81%

🕔08:33, 1.Aug 2020

Mumbai, Aug 01  The country’s biggest lender State Bank of India (SBI) on Friday reported a rise of 81 per cent in its standalone net profit on the back of Q1FY21. Accordingly, the bank’s net profit rose to Rs 4,189

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