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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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SBI reveals names of 10 big ‘wilful defaulters’

SBI reveals names of 10 big ‘wilful defaulters’

🕔13:35, 28.Jun 2019

Mumbai, June 28  The State Bank of India on Friday revealed the names of 10 new big ticket firms and their top officials and declared them as “wilful defaulters”. The firms, include players from pharmaceuticals, gems and jewellery, power, infrastructure

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No capital need for SBI from government: Chairman

No capital need for SBI from government: Chairman

🕔10:06, 14.Jun 2019

New Delhi, June 14  State Bank of India Chairman Rajnish Kumar on Thursday said the bank does not need any capital from the government. “SBI doesn’t need any capital from the government,” Kumar said after a meeting with the Finance

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SBI to offer repo rate-linked home loans from July 1

SBI to offer repo rate-linked home loans from July 1

🕔07:32, 8.Jun 2019

Mumbai, June 8  The State Bank of India (SBI) on Friday said it would offer repo rate-linked home loans from July 1, 2019. It also announced the reduce interest rate on cash credit account and over draft customers with limits

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Clarity on Jet Airways expected in a week: SBI chief

Clarity on Jet Airways expected in a week: SBI chief

🕔06:50, 20.May 2019

New Delhi, May 20  It may not be over till it is over. Even as some industry veterans believe that grounded Jet Airways may have hit the end of the road, State Bank of India (SBI) Chairman Rajnish Kumar remains

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SBI posts muted Q4 profit, but asset quality, interest income up

SBI posts muted Q4 profit, but asset quality, interest income up

🕔07:32, 11.May 2019

Mumbai, May 11  State Bank of India on Friday posted a muted net profit of Rs 838 crore in Jan-March period of last fiscal on account of massive provisioning at Rs 16,502 crore, but the asset quality moved northwards as

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SBI links interest rates to RBI’s repo rate

SBI links interest rates to RBI’s repo rate

🕔06:44, 2.May 2019

Mumbai, May 2  Public sector lender State Bank of India (SBI) on Wednesday became the first Indian bank to link its saving and loan interest rates to the Reserve Bank of India (RBI)’s repo rate. The move assumes significance as

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SBI moves to invoke Essar Steel Promoters’ personal guarantees of Rs 15K cr

SBI moves to invoke Essar Steel Promoters’ personal guarantees of Rs 15K cr

🕔12:40, 29.Apr 2019

Ahmedabad, April 29  The State Bank of India on Monday filed a recovery suit against Prashant and Ravi Ruia, before the Debt Recovery Tribunal (DRT) here in Gujarat. Essar Steel Lenders led by the SBI are saddled with dues of

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SBI to raise Rs 17k cr via bonds in tranches in FY19

SBI to raise Rs 17k cr via bonds in tranches in FY19

🕔10:26, 25.Apr 2019

New Delhi, April 25  The board of the State Bank of India has approved raising up to $2.5 billion (around Rs 17,000 crore) through bonds in the current fiscal. The bank said its board has approved “long term fund raising

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Banks reduce interest on home, auto loans post-RBI cut

Banks reduce interest on home, auto loans post-RBI cut

🕔20:17, 9.Apr 2019

Mumbai, April 9  Within days of the Reserve Bank of India (RBI) lowering its key lending rate, state-run State Bank of India (SBI) on Tuesday reduced its benchmark marginal cost of funds based lending rate (MCLR) and home loan rates,

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