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SBI to launch YONO lifestyle-cum-banking app, portal

SBI to launch YONO lifestyle-cum-banking app, portal

New Delhi, Nov 24  State Bank of India (SBI) will unveil the country’s first integrated lifestyle and banking digital platform on Friday to be launched here by Finance Minister Arun Jaitley, according to a statement from the public sector bank. YONO,...

SBI expects most bad loan cases from RBI list to go to NCLT

Mumbai, Nov 10 (IANS) State-run State Bank of India (SBI) on Friday said it expects most of the cases from the RBI’s second list of large non-performing assets (NPAs) to be referred to the National Company Law Tribunal (NCLT) for resolution under...

Recapitalisation funds to take care of credit growth: SBI

Kolkata, Nov 3 (IANS) The State Bank of India expects additional capital flowing from the proposed Rs 2.11 lakh crore recapitalisation plan would add to its capacity to take care of future credit growth, an official said on Friday. The Centre has announced...

SBI reduces lending rates on home and vehicle loans

Mumbai, Nov 2  India’s largest lender State Bank of India (SBI) on Thursday announced reduction of interest rates on home and automobile loans by five basis points (bps). In a statement issued here the bank said, it has reduced home loan interest...

SBI-World Bank sanction Rs 2,300 cr loans for rooftop solar projects

Mumbai, Oct 30 (IANS) State-run State Bank of India (SBI) on Monday announced the sanction of loans worth Rs 2,317 crore in collaboration with the World Bank to finance grid-connected solar rooftop projects in the country. SBI Chairman Rajnish Kumar...
Majority union in SBI gains membership after associate banks’ merger

Majority union in SBI gains membership after associate banks’ merger

Chennai, Aug 14  The merger of State Bank of India’s associate banks with SBI has resulted in sizeable membership gain for the majority union — All India State Bank of India Staff Federation (AISBISF), said a top union leader. The AISBISF...

SBI cuts savings deposit rate by 50 bps to 3.5%

Mumbai, Aug 01  The State Bank of India (SBI) on Monday announced a 50 basis points (bps) cut in the interest rates for savings accounts having deposits below Rs 1 crore, effective immediately. The revised interest rate for savings accounts having up...

SBI reduces NEFT, RTGS charges upto 75%

New Delhi, July 13  The country’s largest public sector bank, State Bank of India (SBI), has reduced charges for National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) transactions upto 75 per cent effective from July 15,...
‘Post-merger with associate banks, SBI opens as one bank’

‘Post-merger with associate banks, SBI opens as one bank’

Mumbai, April 3 Post-merger of five associate banks, the State Bank of India opened as one bank with 500 million customers and started normal operations from Monday, SBI Chairperson Arundhati Bhattacharya announced here.The associate banks which merged...

SBI begins operation as merged entity from April 1, 2017

Mumbai, April 1, 2017: State Bank of India, the largest commercial bank in India has merged its five Associate Banks –State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore...

SBI to merge 5 associate banks from April

Mumbai, Feb 24  The country’s largest lender, State Bank of India (SBI), said on Thursday five of its associate banks would merge with itself from April 2017.“We advise that the Government of India has issued the orders …under subsection...

SBI cuts cost of lending rate by 0.9% across maturities

Mumbai, Jan 2  AWith major infusion of fresh liquidity arising from the demonetisation measure, state-run State Bank of India said on Sunday it had cut its lending rates by 90 basis points for maturities ranging from overnight to three-year tenures,...

SBI records steep fall in Q2 profits

Chennai, Nov 11  India’s largest bank State Bank of India (SBI) on Friday said it closed the second quarter of the current fiscal with a lower net profit of Rs 2,538.32 crore.In a regulatory filing in the Bombay Stock Exchange, the bank said it...

SBI cuts home loans rate by 0.15%

New Delhi, Nov 3  Country’s largest lender, the State Bank of India (SBI) on Wednesday slashed, by 0.15 percent, interest rates for its home loans up to Rs 75 lakh effective from November 1. On a home loan of Rs 50 lakh, reduction in lending rate...

SBI advises customers to use own ATMs

Kolkata, Oct 21  Following a cyber security breach in the country’s banking system, India’s largest bank, the State Bank of India (SBI), has advised customers to use its own automatic teller machines (ATMs) for safe transactions and is looking...

SBI to raise Rs 11,100 crore capita

Mumbai, Aug 24  Country’s largest lender State Bank of India (SBI) on Wednesday said it was authorised by capital raising committee to raise Rs 11,100 crore through Basel III compliant debt instruments on a private placement basis.“..the...
SBI approves swap ratio of 3 associate banks, Bharatiya Mahila Bank

SBI approves swap ratio of 3 associate banks, Bharatiya Mahila Bank

Chennai, Aug 19  In a move that can potentially trigger a major consolidation in India’s state-run financial services space, the board of State Bank of India (SBI) on Thursday approved the swap ratio for taking over four banks — three of...
SBI signs agreements with World Bank for USD 625 Million facility

SBI signs agreements with World Bank for USD 625 Million facility

Mumbai, July2, 2016:The State Bank of India (SBI) and The World Bank (WB) signed agreements for a facility of USD 625 Million for supporting Grid Connected Rooftop Solar Program. The agreements were signed by Mr.KarnamSekar, Deputy Managing Director,...

`Merger of six banks to cost SBI $250 million’

Chennai, May 20  Global credit rating agency Moody’s Investors Service on Friday said the merger idea mooted by State Bank of India (SBI) of six banks with itself would cost around Rs. 16.6 billion ($250 million) and will have limited impact on...

SBI confirms Kingfisher offer to pay up

Mumbai/New Delhi, March 31  The State Bank of India (SBI)-led consortium of banks on Wednesday confirmed an offer to settle dues from defunct Kingfisher Airlines Ltd. “The bank along with other consortium members will examine the same (offer),”...