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SBI employees pledge Rs 100 cr to PM CARES Fund

SBI employees pledge Rs 100 cr to PM CARES Fund

🕔16:49, 31.Mar 2020

New Delhi, March 31  In the fight against COVID-19, around 2,56,000 employees of the country’s largest lender, State Bank of India (SBI), have decided to contribute two days’ salary to the Prime Minister’s National Relief Fund. With this collective effort

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SBI passes on entire 75 bps rate cut to borrowers

SBI passes on entire 75 bps rate cut to borrowers

🕔07:22, 28.Mar 2020

New Delhi, March 28  In a major relief for its customers, the State Bank of India (SBI) on Friday said that it would pass on the entire 75 basis point rate cut to its retail borrowers. In a statement, the

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Monetary, fiscal policy best option to deal with Covid-19 fallout

Monetary, fiscal policy best option to deal with Covid-19 fallout

🕔12:53, 18.Mar 2020

New Delhi, March 18  A combination of monetary as well as fiscal policy could be the best option to deal with the economic fallout of coronavirus, a State Bank of India report said on Tuesday. It said that on the

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Union Cabinet approves Yes Bank reconstruction scheme

Union Cabinet approves Yes Bank reconstruction scheme

🕔16:46, 13.Mar 2020

SBI to invest in 49 % stakes, ICICI bank to invest 100 cr & HDFC board also investing New Delhi, March 13 The Union Cabinet on Friday approved a reconstruction plan for cash-strapped Yes Bank, under which the State Bank

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SBI board okays share purchase in Yes Bank for Rs 7,250 cr

SBI board okays share purchase in Yes Bank for Rs 7,250 cr

🕔16:26, 12.Mar 2020

New Delhi, March 12  The State Bank of India (SBI) on Thursday said that its Executive Committee of Central Board (ECCB) has approved the purchase of 725 crore shares in Yes Bank at Rs 10 per share, which adds up

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SBI cuts MCLR, home & car loans to be cheaper

SBI cuts MCLR, home & car loans to be cheaper

🕔17:37, 11.Mar 2020

Mumbai, March 11  The State Bank of India (SBI) here on Wednesday reduced the marginal cost of funds-based lending rate (MCLR) by 10-15 basis points across tenors. “The one-year MCLR comes down to 7.75 per cent from 7.85 per cent

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SBI to acquire 245 crore shares in Yes Bank at a price of Rs 10 each

SBI to acquire 245 crore shares in Yes Bank at a price of Rs 10 each

🕔13:38, 9.Mar 2020

Mumbai, March 9  State Bank of India (SBI) will acquire a 49 per cent stake in the reconstructed Yes Bank by acquiring 245 crore shares at a price of Rs 10 each for Rs 2,450 crore in Yes Bank. Under

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No negotiations with Yes Bank, matter came to board : SBI

No negotiations with Yes Bank, matter came to board : SBI

🕔06:44, 6.Mar 2020

Mumbai, March 6 (IANS) While denying that any negotiations took place to acquire equity in Yes Bank, State Bank of India (SBI) has said that it has given an in-principle approval to explore investment opportunity. In a regulatory filing to exchanges,

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Price band for SBI Card IPO fixed at Rs 750-755 per share

Price band for SBI Card IPO fixed at Rs 750-755 per share

🕔13:22, 25.Feb 2020

New Delhi, Feb 25  The IPO Committee of SBI Card has set the price band for its initial public offering (IPO) in the range of Rs 750-755 per equity share. In a regulatory filing, State Bank of India late on

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SBI slashes MCLR by 5 bps across tenors

SBI slashes MCLR by 5 bps across tenors

🕔12:11, 7.Feb 2020

New Delhi, Feb 7  In its ninth consecutive cut in MCLR by a bank in the current fiscal, India’s top lender State Bank of India (SBI) on Friday aannounced a cut in the retail fixed deposits or FD rates effective

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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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