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SBI Card PAT Grows 106% to ₹627 Cr in Q1 FY23 Vs ₹305 Cr for Q1 FY22

SBI Card PAT Grows 106% to ₹627 Cr in Q1 FY23 Vs ₹305 Cr for Q1 FY22

🕔17:07, 28.Jul 2022

New Delhi, 28 July 2022: The Board of Directors of SBI Cards and Payment Services Limited approved the Company’s results for the quarter ended June 30, 2022, at their meeting held on Thursday, July 28, 2022.   Performance Highlights Q1 FY23   Total

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RBI should internationalise Indian Rupee, says SBI

RBI should internationalise Indian Rupee, says SBI

🕔19:58, 7.Jul 2022

The State Bank of India (SBI) on Thursday said the Reserve Bank of India (RBI) should internationalise the Indian rupee. Chennai, July 7 (IANS) The State Bank of India (SBI) on Thursday said the Reserve Bank of India (RBI) should internationalise

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RBI may raise policy rates by 75 bps cumulatively in next 2 reviews: SBI Research

RBI may raise policy rates by 75 bps cumulatively in next 2 reviews: SBI Research

🕔18:34, 13.May 2022

SBI Research expects the central bank, Reserve Bank of India (RBI), to raise key policy rates both in its June and August policy meeting by a cumulative 75 basis points. New Delhi, May 13 (IANS) SBI Research expects the central bank,

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SBI Life, HDFC Life shares jump on reports of likely delay in LIC IPO

SBI Life, HDFC Life shares jump on reports of likely delay in LIC IPO

🕔08:30, 3.Mar 2022

Shares of SBI Life Insurance Company and HDFC Life Insurance Company rose sharply on reports of a possible delay in the much-awaited initial public offering (IPO) of Life Insurance Corporation of India. New Delhi, March 3 (IANS) Shares of SBI Life

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SBI, Bank of Baroda shares rise amid weak broader mkt sentiment

SBI, Bank of Baroda shares rise amid weak broader mkt sentiment

🕔18:17, 7.Feb 2022

New Delhi, Feb 7 (IANS) Shares of some banks in the PSU segment swam against the current on Monday and traded sharply in the green on the back of improved asset quality in terms of NPAs, said analysts. Also, the Centre

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SBI withdraws circular on pregnant women’s employment eligibility

SBI withdraws circular on pregnant women’s employment eligibility

🕔08:10, 30.Jan 2022

Mumbai, Jan 30 (IANS) Lending major SBI has withdrawn a circular which made pregnant women candidates ineligible for employment with the bank. In a statement on Saturday, SBI said it has decided to keep the revised instructions regarding recruitment of pregnant

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SBI gets requisite approvals for setting up ‘bad bank’

SBI gets requisite approvals for setting up ‘bad bank’

🕔07:35, 29.Jan 2022

Mumbai, Jan 29 (IANS) The approvals required for setting up National Asset Reconstruction Company (NARCL) and India Debt Resolution Company (IDRCL), including from the RBI, have now been received, lending major SBI said on Friday. Accordingly, both the companies are ready

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SBI increases limit on IMPS transactions to Rs 5 lakh

SBI increases limit on IMPS transactions to Rs 5 lakh

🕔07:14, 5.Jan 2022

New Delhi, Jan 5 (IANS) The State Bank of India has increased the limit on IMPS (Immediate Payment Service) transactions from Rs 2 lakh to Rs 5 lakh. IMPS, offered by National Payments Corporation of India, empowers customers to transfer money

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Govt notifies sale of electoral bonds through SBI

Govt notifies sale of electoral bonds through SBI

🕔06:39, 31.Dec 2021

New Delhi, Dec 31 (IANS) In a significant notification ahead of the Assembly elections in Uttar Pradesh, Goa, Punjab, Manipur and Uttarakhand scheduled early next year, the Finance Ministry said on Thursday that the State Bank of India (SBI) has been

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JSW Cement says SBI acquires Rs 100cr worth stake in Co

JSW Cement says SBI acquires Rs 100cr worth stake in Co

🕔07:30, 22.Dec 2021

New Delhi, Dec 22 (IANS) The State Bank of India (SBI) has acquired a minority stake in JSW Cement by investing Rs 100 crore in the cement manufacturer via a compulsorily convertible preference shares (CCPS). “The conversion of such CCPS into

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SBI seeks to dissuade employees from joining two-day strike

SBI seeks to dissuade employees from joining two-day strike

🕔07:32, 14.Dec 2021

Mumbai, Dec 14 (IANS) Lending major SBI on Monday said it has tried to dissuade employees from joining the proposed two-day bank strike called on December 16 and 17. The SBI requested its staff members to reconsider their decision and refrain

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SBI, UCO Bank agree to invest Rs 450 crore in Amrapali projects, SC told

SBI, UCO Bank agree to invest Rs 450 crore in Amrapali projects, SC told

🕔07:25, 26.Oct 2021

New Delhi, Oct 26 (IANS) The Supreme Court on Monday was told that the State Bank of India (SBI) and the UCO Bank have agreed to invest Rs 450 crore in Amrapali projects, but other banks, who were part of a

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Moody’s revises outlook for Indian banking system to stable from negative

Moody’s revises outlook for Indian banking system to stable from negative

🕔13:35, 19.Oct 2021

Mumbai, Oct 19 (IANS) Moody’s has revised the outlook for the Indian banking system to stable from negative suggesting that the deterioration of asset quality since the onset of the coronavirus pandemic has been moderate and an improving operating environment will

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Govt considering lowering exchange rates given by banks to small exporters

Govt considering lowering exchange rates given by banks to small exporters

🕔14:45, 29.Sep 2021

New Delhi, Sep 29 (IANS) In yet another measure to facilitate small and medium exporters, government is looking to get them competitive exchange rates from banks. Exporters have to deal with exchange rate variations for dealing in foreign currencies and its

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SBI reduces home loan rate to 6.70%

SBI reduces home loan rate to 6.70%

🕔10:34, 17.Sep 2021

Mumbai, Sep 17  Lending major State Bank of India on Thursday launched credit score-linked home loans at 6.70 per cent, irrespective of the amount. Prior to the festive offer, a borrower availing a loan greater than Rs 75 lakh had

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SBI raises Rs 4K cr via AT1 bonds

SBI raises Rs 4K cr via AT1 bonds

🕔18:35, 1.Sep 2021

Mumbai, Sep 1  Lending major State Bank of India has raised Rs 4,000 crore through the ‘Basel compliant Additional Tier 1’ (AT1) bonds, on Wednesday at a coupon rate of 7.72 per cent. This is the first AT1 Bond issuance

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GDP growth in Q1 FY22 seen at 18.5%: SBI Ecowrap

GDP growth in Q1 FY22 seen at 18.5%: SBI Ecowrap

🕔21:38, 24.Aug 2021

New Delhi, Aug 24  India’s GDP growth rate for the April-June quarter is likely to be around 18.5 per cent with an upward bias, according to a SBI Ecowrap report. The GDP estimate for the first quarter of FY22 is

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SBI offers higher rate on term deposits, waiver of processing fee

SBI offers higher rate on term deposits, waiver of processing fee

🕔11:21, 16.Aug 2021

Mumbai, Aug 16  As the country is celebrating Azadi Ka Amrit Mahotsav – an initiative to commemorate 75 years of Indian independence – the countrys largest bank State Bank of India (SBI) had also geared up to provide an array

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SBI’s Q1FY22 net profit up 55% YoY

SBI’s Q1FY22 net profit up 55% YoY

🕔16:21, 4.Aug 2021

Mumbai, Aug 4 Lending major State Bank of India (SBI) on Wednesday reported a year-on-year rise of 55.25 per cent in its net profit for Q1FY22. Accordingly, the bank, reported its highest quarterly net profit of Rs 6,504 crore in

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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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