A Memorandum of Understanding was signed between South Central Zone of Indian Railways and State Bank of India for Doorstep Banking for direct pickup of earnings covering all 585 Railway stations over SCR Zone. The direct pick up of cash
New Delhi, Jan 4 State-run State Bank of India (SBI) on Friday invited bids for selling its 1 per cent stake in the National Stock Exchange (NSE). “SBI is one of the shareholders of National Stock Exchange of India Ltd
New Delhi, Dec 30 The State Bank of India (SBI) on Monday reduced the external benchmark-based rate (EBR) by 25 basis points to 7.80 per cent from 8.05 per cent, which would be effective from January. With this, the EMI
New Delhi, Dec 17 State Bank of India (SBI) Chairman Rajnish Kumar on Monday said that National Company Law Tribunal (NCLT) is not the right platform for resolution of bankrupt small and medium enterprises (SMEs) Speaking to the media on
New Delhi, Dec 16 The State Bank of India (SBI), the lead banker of the bankrupt Essar Steel, is likely to settle dues of other lenders as it received Rs 40,000 crore on Friday from ArcelorMittal, which is going to
New Delhi, Dec 10 The State Bank of India (SBI) on Monday announced a 10 basis points cut in one-year marginal cost of funds-based lending rate (MCLR), effective from December 10. It will bring SBI’s one-year MCLR down to 7.90
Mumbai, Nov 9 Lending major State Bank of India has reduced its MCLR (Marginal Cost of Funds based Lending Rate) by 5 basis points across all tenors. The one year MCLR has come down to 8 per cent per annum
New Delhi, Nov 4 State Bank of India will auction NPAs worth Rs 700 crore this month to recover its dues from those borrowers. There will be three auctions in the month and the total amount outstanding is Rs 700.34
Chennai, Oct 23 Public sector banks (PSBs) here like the State Bank of India (SBI) and the Oriental Bank of Commerce (OBC) are planning to give festival gifts to their employees. The two banks have announced a Diwali gift of sweets/dry
New Delhi, Oct 9 The State Bank of India (SBI) on Wednesday cut interest rate on savings deposits, with a balance of upto Rs 1 lakh, by 25 bps to 3.25 per cent from November 1, and slashed retail &
Mumbai, Sep 23 State Bank of India, the countrys largest lender, has decided to adopt RBIs repo rate as the external benchmark for all floating rate loans for MSME, home and retail loans from October 1. The benchmarks to which
Mumbai, Sep 9 Country’s largest lender State Bank of India (SBI) on Monday announced a reduction in its marginal cost-based lending rate or MCLR by 10 basis points across all tenors and has also reduced rates on term deposits. It
Mumbai, Aug 20 State Bank of India (SBI), the country’s largest lender, on Tuesday announced processing fee waiver on car loans during the upcoming festival season in a bid to boost car sales. The bank is also offering the lowest
New Delhi, Aug 19 India’s largest lender, the State Bank of India, on Sunday said that it is extending the repayment period for stressed automobile dealers by 15-30 days to help them out of current inventory builds-ups due to the
Kolkata, Aug 19 Amid the economy roiling through a slowdown in demand and consumption, State Bank of India (SBI) Chairman Rajnish Kumar on Sunday raised the pitch for a stimulus, saying that the credit demand remains subdued. Though lack of
Mumbai, Aug 7 The State Bank of India (SBI), the country’s largest lender by assets, here on Wednesday cut the benchmark lending rates by 15 basis points (bps) across tenors, shortly after the Reserve Bank of India (RBI) slashed interest
Mumbai, Aug 2 Riding on lower provisioning and improved asset quality, state-run State Bank of India SBI) on Friday reported a net profit of Rs 2,312 crore during the first quarter ending June against a net loss of Rs 4,876
Mumbai, July 22 State Bank of India’s net banking and YONO, popular mobile application, services were resumed after staying off-line for several hours, leaving thousands of customers’ stranded. During the period, some of the web-based banking instruments of the SBI,
Washington/New Delhi, July 13 State Bank of India’s Managing Director Anshula Kant has been appointed as Managing Director and Chief Financial Officer of the World Bank Group. The appointment was announced by World Bank Group President David Malpass on Friday.
New Delhi, July 10 The country’s largest bank, the State Bank of India, has been found flouting several rules in its attempt to cover up non-performing assets (NPAs), according to the RBI’s annual inspection report. The Reserve Bank of India’s
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