New Delhi, Sep 28 To enlarge retail loans and online business, lending major SBI on Monday announced a 100 per cent waiver in the processing fee f or “Car, Gold, and Personal loans” availed through its integrated digital banking platform –
New Delhi, Sep 26 Lending major State Bank of India (SBI) will use its vast network of business correspondents for collection activities as it plans to focus on “Financial Inclusion and Micro Markets (FI&MM),” especially in rural and semi-urban areas,
New Delhi, Sep 21 Google Pay in collaboration with Visa and banking partners on Monday rolled out tokenisation across its platform, enabling users to safely transact with their cards and use Tap-to-pay feature on near-field communication (NFC)-enabled point of sale
New Delhi, Sep 11 August inflation numbers are expected to be elevated at around 7 per cent or even higher, a SBI Ecowrap report said on Thursday. According to the report, if the base effect is the primary reason for
Mumbai, Sep 9 Lending major State Bank of India on Wednesday reported that it has sold Rs 4,000 crore worth of Basel-compliant Additional Tier 1 (AT1) bonds. Accordingly, the bank’s ‘AT1’ bonds were issued at a coupon rate of 7.74
New Delhi, Sep 8 The State Bank of India (SBI) has invoked the personal guarantees of Sanjay Singal, former promoter of Bhushan Power & Steel Ltd (BPSL), and has sent him a demand notice for recovery of Rs 12,275.91 crore.
New Delhi, Sep 8 The State Bank of India (SBI) on Monday said it plans to recruit more than 14,000 employees this year. According to the lending major, it is expanding operations and thereby, requires manpower. “SBI has an existing
New Delhi, Aug 21 Fiscal policy should now play a decisive role in ushering in a fast paced recovery, said SBI Ecowrap in a report issued on Friday. “We believe from here on if fiscal policy does not play an
New Delhi, Aug 17 India’s FY21 GDP contraction has already crossed the (-) 6.8 per cent mark for 2020-21, SBI Ecowrap report said on Monday. An earlier Ecowrap report had estimated GDP for FY21 was 2.6 per cent when India
Mumbai, Aug 01 The country’s biggest lender State Bank of India (SBI) on Friday reported a rise of 81 per cent in its standalone net profit on the back of Q1FY21. Accordingly, the bank’s net profit rose to Rs 4,189
New Delhi, July 20 The economic turbulence due to Covid-19 is expected to push India’s debt-to-GDP ratio higher, according to a SBI Ecowrap report on Monday. Together with the declining GDP growth, debt-to-GDP ratio has been adversely affected in all
Mumbai, July 15 The Central Board of the State Bank of India (SBI) on Wednesday approved the raising of up to Rs 25,000 crore through bonds in the financial year 2020-21. In a regulatory filing, the bank said that it
New Delhi, July 14 State Bank of India (SBI) Chairman Rajnish Kumar on Tuesday said that the bank will focus on cost reduction, rationalisation, and reskilling of its workforce. Speaking at the 65th Annual General Meeting (AGM), Kumar said: “The
Mumbai, July 11 The State Bank of India (SBI) on Friday said that its Central Board will meet on July 15 to consider raising funds through bonds. In a regulatory filing, the bank said, its board will “seek approval for
Mumbai, July 9 The State Bank of India (SBI), on Wednesday, said that its Executive Committee of Central Board (ECCB) has approved an investment of up to Rs 1,760 crore in the Yes Bank’s further public offering (FPO). The development
New Delhi, July 8 State Bank of India (SBI) on Wednesday announced reduction in its marginal cost of funds-based lending rates (MCLR) on loans by 5-10 basis points (bps) in the shorter tenors — up to three months — with
New Delhi, July 4 Almost all companies across sectors have suffered a revenue de-growth of 5 per cent for Q4FY20, a SBI Ecowrap report said on Friday. The report pointed out that sectors also suffered from around 30 per cent
New Delhi, June 26 India might lose $438 billion worth of output over next 2 years due to economic disturbance caused by Covid-19 outbreak, a SBI Ecowrap report said. The report’s estimates are based on the International Monetary Fund’s projections
New Delhi, June 12 The State Bank of India will divest 2.1 per cent stake in SBI Life to achieve the minimum public shareholding of 25 per cent. In a regulatory filing, SBI said that it proposes to sell up
New Delhi, June 6 State Bank of India (SBI) on Friday reported a four-fold jump in its net profit for the January-March quarter of financial year 2019-20 at Rs 3,581 crore. The net profit for the quarter rose by 327
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