New Delhi, 28 July 2022: The Board of Directors of SBI Cards and Payment Services Limited approved the Company’s results for the quarter ended June 30, 2022, at their meeting held on Thursday, July 28, 2022. Performance Highlights Q1 FY23 Total
The State Bank of India (SBI) on Thursday said the Reserve Bank of India (RBI) should internationalise the Indian rupee. Chennai, July 7 (IANS) The State Bank of India (SBI) on Thursday said the Reserve Bank of India (RBI) should internationalise
New Delhi, June 30, 2022: SBI Card, India’s largest pure-play credit card issuer, today announced the launch of ‘Aditya Birla SBI Card’, a highly rewarding lifestyle credit card, in a strategic partnership with Aditya Birla Finance Ltd (ABFL), the lending subsidiary of Aditya Birla Capital
Shares of SBI Life Insurance Company and HDFC Life Insurance Company rose sharply on reports of a possible delay in the much-awaited initial public offering (IPO) of Life Insurance Corporation of India. New Delhi, March 3 (IANS) Shares of SBI Life
New Delhi, Feb 7 (IANS) Shares of some banks in the PSU segment swam against the current on Monday and traded sharply in the green on the back of improved asset quality in terms of NPAs, said analysts. Also, the Centre
Lending major State Bank of India (SBI) on Saturday reported its highest quarterly net profit at Rs 8,432 crore in Q3FY22. Mumbai, Feb 5 (IANS) Lending major State Bank of India (SBI) on Saturday reported its highest quarterly net profit at
Mumbai, Jan 30 (IANS) Lending major SBI has withdrawn a circular which made pregnant women candidates ineligible for employment with the bank. In a statement on Saturday, SBI said it has decided to keep the revised instructions regarding recruitment of pregnant
Mumbai, Jan 29 (IANS) The approvals required for setting up National Asset Reconstruction Company (NARCL) and India Debt Resolution Company (IDRCL), including from the RBI, have now been received, lending major SBI said on Friday. Accordingly, both the companies are ready
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
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