Mumbai, June 23 Country’s largest bank State Bank of India may raise only up to Rs 9,000 crore in capital through additional tier I bonds (AT1 bonds) in current financial year (FY22) and could consider additional raising plan only next
Mumbai, June 11 The State Bank of India (SBI) has launched a collateral-free unique loan offering — ‘Kavach Personal Loan’ — for Covid patients. The loan covers expenses of Covid treatment of the customer and his/her family members. Under this
Mumbai, June 1 As the second wave of Covid-19 and the resultant restrictions again cripple economic activities, the State Bank of India (SBI) has revised India’s growth outlook downwards for the current financial year. The latest SBI Ecowrap report has
Mumbai, May 31 The State Bank of India (SBI) has increased the cash withdrawal limits through cheques and withdrawal forms for its customers at non-home branches. “To support our customers in this pandemic, SBI has increased the non-home cash withdrawal
Chennai, May 11 Cutting down the penalty recommended by its Adjudicative Officer by Rs 70 lakh, Insurance Regulatory and Development Authority of India (IRDAI) has penalised SBI General Insurance Company Ltd Rs 30 lakh for repeatedly violating Insurance Act and
Mumbai, April 27 The State Bank of India (SBI) on Tuesday said that the Executive Committee of its Central Board will consider raising $2 billion through bonds in the financial year 2021-22. The committee will meet on Wednesday, April 28,
New Delhi, April 16 The country’s largest bank, State Bank of India, on Thursday said that the bank has retained charges on cash withdrawals over and above four free withdrawals per month but has stopped recovering charges in such accounts
New Delhi, April 8 The country’s largest lender State Bank of India (SBI) and the umbrella body of retail and digital payments National Payments Corporation of India (NPCI) have joined hands to launch a dedicated campaign to focus on deepening
Mumbai, March 31 Lending major State Bank of India (SBI) has entered into a loan agreement amounting up to $1 billion with Japanese government owned financial institution, JBIC. According to the lender, the loan is intended to promote ‘smooth flow
Mumbai, March 2 Lending major State Bank of India on Monday announced a limited period ‘home loan’ offer entailing a concession of up to 70 bps with interest rates starting from 6.70 per cent onwards. Accordingly, the limited period offer
New Delhi, Feb 20 Lending major State Bank of India’s subsidiary SBI Payments on Saturday said it plans to deploy low-cost acceptance infrastructure ‘to expand the digitisation of merchant payments’ in the country. Accordingly, the company is launching ‘YONO Merchant
Mumbai, Feb 4 Lending major State Bank of India (SBI) on Thursday reported a decline of 6.93 per cent in net profit for the third quarter of 2020-21 on a year-on-year basis. Accordingly, the bank’s net profit fell to Rs
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
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
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
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
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
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
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
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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