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
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
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
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
New Delhi, Nov 3 (IANS) The country’s largest bank, the State Bank of India (SBI) has reported a record 67 per cent year-on-year jump in its net profit to Rs 7,627 crore in second quarter period of fiscal year 2021-22. The
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
Mumbai, Oct 19 (IANS) The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of Rs 1 crore on the State Bank of India. The penalty was imposed on the lender for non-compliance with the directions contained in ‘Reserve
New Delhi, Sept 30: The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as defined in
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
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
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
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
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
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
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
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
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
Mumbai, June 1 As the second wave of Covid-19 and the resultant restrictions again cripple economic activities, the State Bank of India (SBI) has revised India’s growth outlook downwards for the current financial year. The latest SBI Ecowrap report has
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
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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