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SBI may need to raise only up to Rs 9K cr in capital in FY22

SBI may need to raise only up to Rs 9K cr in capital in FY22

🕔16:04, 23.Jun 2021

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

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SBI launches ‘Kavach Personal Loan’ scheme for Covid patients

SBI launches ‘Kavach Personal Loan’ scheme for Covid patients

🕔21:24, 11.Jun 2021

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

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SBI lowers India’s FY22 growth forecast to 7.9%

SBI lowers India’s FY22 growth forecast to 7.9%

🕔12:19, 1.Jun 2021

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

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SBI raises cash withdrawal limits at non-home branches

SBI raises cash withdrawal limits at non-home branches

🕔07:30, 31.May 2021

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

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SBI General Insurance fined Rs 30L by IRDAI

SBI General Insurance fined Rs 30L by IRDAI

🕔10:54, 11.May 2021

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

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SBI board to mull raising $2 bn via bonds in FY22

SBI board to mull raising $2 bn via bonds in FY22

🕔20:20, 27.Apr 2021

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,

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SBI says charge on cash withdrawals to stay, digital transactions exempted

SBI says charge on cash withdrawals to stay, digital transactions exempted

🕔10:06, 16.Apr 2021

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

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SBI, NPCI launch UPI awareness campaign for YONO users

SBI, NPCI launch UPI awareness campaign for YONO users

🕔14:43, 8.Apr 2021

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

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SBI raises additional $1B untied loan with JBIC

SBI raises additional $1B untied loan with JBIC

🕔15:18, 31.Mar 2021

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

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SBI reduces home loan interest rates to 6.70%

SBI reduces home loan interest rates to 6.70%

🕔07:25, 2.Mar 2021

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

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SBI Payments to expand digitisation of merchant payments

SBI Payments to expand digitisation of merchant payments

🕔07:33, 21.Feb 2021

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

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SBI Q3 FY21 net profit down 7% YoY

SBI Q3 FY21 net profit down 7% YoY

🕔17:40, 4.Feb 2021

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

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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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