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SBI lists issuance of $600 mn foreign currency bonds on India INX

SBI lists issuance of $600 mn foreign currency bonds on India INX

🕔20:08, 14.Jan 2021

New Delhi, Jan 14  State Bank of India, the country’s largest bank, listed foreign currency bonds of $600 million under its $10 billion Global Medium Term Note Programme on India INX’s Global Securities Market (GSM) GIFT IFSCs primary market platform

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SBI offers further interest concession on home loans

SBI offers further interest concession on home loans

🕔17:27, 8.Jan 2021

Mumbai, Jan 8  With an aim to offer attractive concessions to the home buyers, country’s largest lender, State Bank of India (SBI) has offered further interest concession of upto 30 bps on home loans and 100 per cent waiver on

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SBI raises $600mn via ‘Regulation S’ bonds

SBI raises $600mn via ‘Regulation S’ bonds

🕔16:24, 7.Jan 2021

Mumbai, Jan 7  Lending major State Bank of India has raised $600 million of “Regulation S” bonds at a coupon rate of 1.80 per cent. Accordingly, the bank, acting through its London Branch, raised the sum for bonds benchmarked against

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SBI set to offer Rs 5000 crore loan to Adani coal project in Australia: Report

SBI set to offer Rs 5000 crore loan to Adani coal project in Australia: Report

🕔06:43, 18.Nov 2020

New Delhi, Nov 18  The State Bank of India is set to offer a Rs 5,000-crore loan to Adani Enterprises Ltd’s Australian mining company, now renamed Bravus Mining & Resources, as per media reports. As per media reports, the loan

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SBI’s Q2FY21 net profit rises over 51%

SBI’s Q2FY21 net profit rises over 51%

🕔18:50, 4.Nov 2020

Mumbai, Nov 4  Lending major State Bank of India on Wednesday reported a rise of 51.88 per cent in its standalone net profit for Q2FY21 on a year-on-year basis. Accordingly, the lender’s net profit increased to Rs 4,574 crore from

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SBI raises $1bn JBIC loan to finance Japanese auto entities in India

SBI raises $1bn JBIC loan to finance Japanese auto entities in India

🕔07:09, 29.Oct 2020

New Delhi, Oct 29  Country’s largest commercial bank, State Bank of India (SBI) has signed a loan agreement amounting to up to $1 billion with the Japan Bank for International Cooperation (JBIC). Out of total amount, $600 million will be

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Festive cheers: SBI offers additional concessions on home loans

Festive cheers: SBI offers additional concessions on home loans

🕔18:29, 21.Oct 2020

New Delhi, Oct 21  Lending major State Bank of India (SBI) on Wednesday announced concession in home loan rates by as much as 25 basis points. Accordingly, an interest concession of 25 bps will be provided for buying homes of

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Corporates’ Aug sequential fund mobilisation up 65%: SBI report

Corporates’ Aug sequential fund mobilisation up 65%: SBI report

🕔07:43, 9.Oct 2020

New Delhi, Oct 9 Fund mobilisation by corporates in the capital market has increased by around 65 per cent in August on a sequential basis, a report by State Bank of India said. The report prepared by the SBI’s Economic Research

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Dinesh Khara appointed new SBI Chairman

Dinesh Khara appointed new SBI Chairman

🕔07:34, 7.Oct 2020

New Delhi, Oct 7  The Centre on Tuesday appointed Dinesh Kumar Khara as the new Chairman of State Bank of India (SBI). Khara’s appointment comes into effect from October 7, for a period of three years. “The Central Government, hereby

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SBI waives processing fee on select retail loans

SBI waives processing fee on select retail loans

🕔17:17, 28.Sep 2020

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 –

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SBI plans to use biz correspondents for collection activities

SBI plans to use biz correspondents for collection activities

🕔08:20, 26.Sep 2020

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,

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Google Pay adds tap to pay feature for Axis, SBI card users

Google Pay adds tap to pay feature for Axis, SBI card users

🕔14:27, 21.Sep 2020

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

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August inflation numbers could be 7% or above: SBI Ecowrap

August inflation numbers could be 7% or above: SBI Ecowrap

🕔08:08, 11.Sep 2020

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

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SBI raises Rs 4,000 cr via AT1 bonds

SBI raises Rs 4,000 cr via AT1 bonds

🕔18:01, 9.Sep 2020

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

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SBI notice to BPSL ex-promoter Sanjay Singal to recover over Rs 12K cr

SBI notice to BPSL ex-promoter Sanjay Singal to recover over Rs 12K cr

🕔08:23, 8.Sep 2020

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.

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Expanding operations, require more workforce, says SBI

Expanding operations, require more workforce, says SBI

🕔08:00, 8.Sep 2020

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

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Fiscal policy should play decisive role for fast paced recovery: SBI Ecowrap

Fiscal policy should play decisive role for fast paced recovery: SBI Ecowrap

🕔17:31, 21.Aug 2020

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

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FY21 GDP contraction already crosses 6.8%: SBI Ecowrap

FY21 GDP contraction already crosses 6.8%: SBI Ecowrap

🕔15:36, 17.Aug 2020

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

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SBI’s Q1FY21 net profit up 81%

SBI’s Q1FY21 net profit up 81%

🕔08:33, 1.Aug 2020

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

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India’s debt-to-GDP ratio may rise to 87.6%: SBI Ecowrap

India’s debt-to-GDP ratio may rise to 87.6%: SBI Ecowrap

🕔18:28, 20.Jul 2020

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

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