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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 reports highest quarterly profit of Rs 7,627 crore in Q2 FY22

SBI reports highest quarterly profit of Rs 7,627 crore in Q2 FY22

🕔20:32, 3.Nov 2021

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

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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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RBI imposes Rs 1 cr penalty on SBI

RBI imposes Rs 1 cr penalty on SBI

🕔08:17, 19.Oct 2021

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

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Sale of Electoral Bonds at Authorized Branches of State Bank of India

Sale of Electoral Bonds at Authorized Branches of State Bank of India

🕔07:47, 30.Sep 2021

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

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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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PRESIDENT KOVIND INAUGURATES STATE BANK OF INDIA BRANCH AT PRESIDENT’S ESTATE

PRESIDENT KOVIND INAUGURATES STATE BANK OF INDIA BRANCH AT PRESIDENT’S ESTATE

🕔13:00, 24.Jul 2021

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

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SBI may need to raise only up to Rs 9K cr in capital in FY22

SBI may need to raise only up to Rs 9K cr in capital in FY22

🕔16:04, 23.Jun 2021

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

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SBI launches ‘Kavach Personal Loan’ scheme for Covid patients

SBI launches ‘Kavach Personal Loan’ scheme for Covid patients

🕔21:24, 11.Jun 2021

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

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SBI lowers India’s FY22 growth forecast to 7.9%

SBI lowers India’s FY22 growth forecast to 7.9%

🕔12:19, 1.Jun 2021

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

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SBI raises cash withdrawal limits at non-home branches

SBI raises cash withdrawal limits at non-home branches

🕔07:30, 31.May 2021

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

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SBI General Insurance fined Rs 30L by IRDAI

SBI General Insurance fined Rs 30L by IRDAI

🕔10:54, 11.May 2021

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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