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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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SBI invites bids to sell its 1% stake in NSE

SBI invites bids to sell its 1% stake in NSE

🕔06:45, 4.Jan 2020

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

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SBI cuts EBR, home loans to get cheaper from Jan

SBI cuts EBR, home loans to get cheaper from Jan

🕔19:03, 30.Dec 2019

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

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NCLT not right forum for resolving stressed SMEs: SBI Chief

NCLT not right forum for resolving stressed SMEs: SBI Chief

🕔19:08, 16.Dec 2019

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

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SBI may pay Essar lenders on Monday as ArcelorMittal pays up

SBI may pay Essar lenders on Monday as ArcelorMittal pays up

🕔06:49, 16.Dec 2019

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

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SBI cuts lending rate by 10 bps to 7.90%

SBI cuts lending rate by 10 bps to 7.90%

🕔06:23, 10.Dec 2019

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

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SBI reduces MCLR by 5 bps; seventh cut in FY20

SBI reduces MCLR by 5 bps; seventh cut in FY20

🕔07:45, 9.Nov 2019

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

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SBI to auction Rs 700 crore NPAs this month

SBI to auction Rs 700 crore NPAs this month

🕔07:06, 4.Nov 2019

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

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SBI, OBC plan Diwali gifts after improved performance

SBI, OBC plan Diwali gifts after improved performance

🕔15:14, 23.Oct 2019

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

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SBI cuts interest rates on savings deposits

SBI cuts interest rates on savings deposits

🕔13:34, 9.Oct 2019

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 &

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SBI to adopt RBI’s repo rate as external benchmark

SBI to adopt RBI’s repo rate as external benchmark

🕔12:36, 23.Sep 2019

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

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SBI cuts lending rates, home loans to get cheaper

SBI cuts lending rates, home loans to get cheaper

🕔13:21, 9.Sep 2019

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

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SBI waives processing fee on car loans in festival season

SBI waives processing fee on car loans in festival season

🕔14:33, 20.Aug 2019

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

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SBI extends credit period for auto dealers by 15-30 days

SBI extends credit period for auto dealers by 15-30 days

🕔10:23, 19.Aug 2019

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

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Economy needs stimulus, credit demand muted: SBI Chairman

Economy needs stimulus, credit demand muted: SBI Chairman

🕔10:21, 19.Aug 2019

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

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SBI lowers lending rates by 15 bps after 4th straight RBI cut

SBI lowers lending rates by 15 bps after 4th straight RBI cut

🕔19:11, 7.Aug 2019

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

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SBI posts Q1 profit of Rs 2,312 cr on lower provisioning

SBI posts Q1 profit of Rs 2,312 cr on lower provisioning

🕔17:38, 2.Aug 2019

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

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SBI web-based banking services restored after many hours

SBI web-based banking services restored after many hours

🕔20:55, 22.Jul 2019

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,

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SBI MD Anshula Kant appointed as MD, CFO of World Bank Group

SBI MD Anshula Kant appointed as MD, CFO of World Bank Group

🕔07:58, 13.Jul 2019

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.

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SBI found flouting rules, says finally-released RBI report

SBI found flouting rules, says finally-released RBI report

🕔07:02, 10.Jul 2019

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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