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Majority companies report 5% revenue de-growth in Q4FY20: SBI Ecowrap

Majority companies report 5% revenue de-growth in Q4FY20: SBI Ecowrap

🕔06:40, 4.Jul 2020

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

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India may lose $438 bn in output over next 2 yrs: SBI Ecowrap

India may lose $438 bn in output over next 2 yrs: SBI Ecowrap

🕔07:25, 26.Jun 2020

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

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SBI to divest 2.1% stake in SBI Life

SBI to divest 2.1% stake in SBI Life

🕔07:14, 12.Jun 2020

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

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SBI logs 4-fold jump in Q4 net profit at Rs 3,581 cr

SBI logs 4-fold jump in Q4 net profit at Rs 3,581 cr

🕔08:04, 6.Jun 2020

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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SBI launches separate vertical for agriculture, micro credit

SBI launches separate vertical for agriculture, micro credit

🕔16:58, 2.Jun 2020

New Delhi, June 2  In a major restructuring exercise, the State Bank of India (SBI), the largest lender of the country, has created a separate FI&MM vertical within the Bank with an exclusive focus on Financial Inclusion & Micro markets

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SBI employees contribute additional Rs 7.95 cr to PM-CARES Fund

SBI employees contribute additional Rs 7.95 cr to PM-CARES Fund

🕔20:34, 19.May 2020

Mumbai, May 19  In battle against the COVID-19 crisis, employees of the country’s largest lender, State Bank of India (SBI) have decided to contribute an additional amount of Rs 7.95 crore to the Prime Minister’s Citizen Assistance and Relief in

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SBI reduces MCLR by 35 basis points across all tenors

SBI reduces MCLR by 35 basis points across all tenors

🕔07:01, 8.Apr 2020

Mumbai, April 8 Lending major State Bank of India (SBI) on Tuesday reduced the marginal cost of funds-based lending rate (MCLR) by 35 basis points across tenors. In financial parlance, MCLR is an internal reference rate that commercial banks use to

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SBI gives staggered withdrawal plan to Jan Dhan accounts

SBI gives staggered withdrawal plan to Jan Dhan accounts

🕔13:57, 3.Apr 2020

New Delhi, April 3  The State Bank of India has decided to allow withdrawals from Jan Dhan accounts only in a staggered manner to prevent rush of account holders looking for cash during the difficult period of Covid-19 induced lockdown.

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SBI employees pledge Rs 100 cr to PM CARES Fund

SBI employees pledge Rs 100 cr to PM CARES Fund

🕔16:49, 31.Mar 2020

New Delhi, March 31  In the fight against COVID-19, around 2,56,000 employees of the country’s largest lender, State Bank of India (SBI), have decided to contribute two days’ salary to the Prime Minister’s National Relief Fund. With this collective effort

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SBI passes on entire 75 bps rate cut to borrowers

SBI passes on entire 75 bps rate cut to borrowers

🕔07:22, 28.Mar 2020

New Delhi, March 28  In a major relief for its customers, the State Bank of India (SBI) on Friday said that it would pass on the entire 75 basis point rate cut to its retail borrowers. In a statement, the

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Monetary, fiscal policy best option to deal with Covid-19 fallout

Monetary, fiscal policy best option to deal with Covid-19 fallout

🕔12:53, 18.Mar 2020

New Delhi, March 18  A combination of monetary as well as fiscal policy could be the best option to deal with the economic fallout of coronavirus, a State Bank of India report said on Tuesday. It said that on the

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Union Cabinet approves Yes Bank reconstruction scheme

Union Cabinet approves Yes Bank reconstruction scheme

🕔16:46, 13.Mar 2020

SBI to invest in 49 % stakes, ICICI bank to invest 100 cr & HDFC board also investing New Delhi, March 13 The Union Cabinet on Friday approved a reconstruction plan for cash-strapped Yes Bank, under which the State Bank

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SBI board okays share purchase in Yes Bank for Rs 7,250 cr

SBI board okays share purchase in Yes Bank for Rs 7,250 cr

🕔16:26, 12.Mar 2020

New Delhi, March 12  The State Bank of India (SBI) on Thursday said that its Executive Committee of Central Board (ECCB) has approved the purchase of 725 crore shares in Yes Bank at Rs 10 per share, which adds up

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SBI cuts MCLR, home & car loans to be cheaper

SBI cuts MCLR, home & car loans to be cheaper

🕔17:37, 11.Mar 2020

Mumbai, March 11  The State Bank of India (SBI) here on Wednesday reduced the marginal cost of funds-based lending rate (MCLR) by 10-15 basis points across tenors. “The one-year MCLR comes down to 7.75 per cent from 7.85 per cent

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SBI to acquire 245 crore shares in Yes Bank at a price of Rs 10 each

SBI to acquire 245 crore shares in Yes Bank at a price of Rs 10 each

🕔13:38, 9.Mar 2020

Mumbai, March 9  State Bank of India (SBI) will acquire a 49 per cent stake in the reconstructed Yes Bank by acquiring 245 crore shares at a price of Rs 10 each for Rs 2,450 crore in Yes Bank. Under

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No negotiations with Yes Bank, matter came to board : SBI

No negotiations with Yes Bank, matter came to board : SBI

🕔06:44, 6.Mar 2020

Mumbai, March 6 (IANS) While denying that any negotiations took place to acquire equity in Yes Bank, State Bank of India (SBI) has said that it has given an in-principle approval to explore investment opportunity. In a regulatory filing to exchanges,

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Price band for SBI Card IPO fixed at Rs 750-755 per share

Price band for SBI Card IPO fixed at Rs 750-755 per share

🕔13:22, 25.Feb 2020

New Delhi, Feb 25  The IPO Committee of SBI Card has set the price band for its initial public offering (IPO) in the range of Rs 750-755 per equity share. In a regulatory filing, State Bank of India late on

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SBI slashes MCLR by 5 bps across tenors

SBI slashes MCLR by 5 bps across tenors

🕔12:11, 7.Feb 2020

New Delhi, Feb 7  In its ninth consecutive cut in MCLR by a bank in the current fiscal, India’s top lender State Bank of India (SBI) on Friday aannounced a cut in the retail fixed deposits or FD rates effective

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MoU between SCR of Indian Railways and SBI for Doorstep Banking covering all 585 Stations of the Zone

MoU between SCR of Indian Railways and SBI for Doorstep Banking covering all 585 Stations of the Zone

🕔15:40, 14.Jan 2020

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

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