Free Press Journal
  • IPO gains lift SBI net manifold to `1,840 cr

    Mumbai : State Bank on Friday reported a group net of Rs 1,840.43 crore for September quarter, boosted by the gains from the public offer in its life insurance arm and a very low base when it had a paltry Rs 20.70 crore of profit. Since the nation’s largest lender had merged its five associate banks and Bharatiya Mahila Bank from April this year, the numbers are not comparable. However, on consolidated

  • SBI Life IPO review

    SBI Life Insurance Co. Ltd. (SBI Life) is a life insurance arm of SBI group that is coming out with a public offer after 23 years. SBI Life India’s largest private life insurer, in terms of New Business Premium generated in each fiscal year, since Fiscal 2010. Between Fiscal 2015 and Fiscal 2017, SBI Life’s New Business Premium generated increased at a CAGR of 35.45%, which is the highest among the top

  • Repair rural household economy to sustain growth, says SBI Chief

    “Banks are facing two challenges-growth capital and asset quality concerns. The asset quality concerns are due to lack of demand and loans given during the boom years and we don’t see both improving in the medium term. Therefore, the need for focusing on farm sector growth,”  Arundhati Bhattacharya/ SBI Chairperson (more…)

  • Be careful on social media: ADG Varun Kapoor warns students

    ASHTA : “Precautions should be taken while on social media. Don’t give your personal details. Just as we all take precautions in our daily lives and are conscious while making transactions, the same type of care should be taken in cyber space. Security is of paramount importance when you are active on social media. Actually your information is the means of income of various portals and apps like Facebook, WhatsApp, Truecaller etc.

  • All SBI associates to merge into single entity

    New Delhi : In a move that would turn the State Bank of India into a global-sized bank, the union cabinet has given an in principle approval for the merger of five associates – the State Bank of Bikaner and Jaipur, the State Bank of Travancore, the State Bank of Patiala, the State Bank of Mysore and the State Bank of Hyderabad — into a single entity.

  • Difficult to prove charges against Panama accused

    Islamabad: The Senate Standing Committee on Finance has been informed that the judicial commission constituted by Pakistan to investigate all accused featuring in Panama Papers will not be able to prove any wrong doing as there exists no law under which the government can seek information from the countries concerned about offshore companies.

  • SBI chairman Arundhati Bhattacharya launching the cyber crime awareness campaign on Monday evening, along with Mumbai police commisoner Ahmad Javed. PIC: BL SONI

    Cops, SBI join hands for cyber crime awareness

    Mumbai : With an increasing number of netizens falling prey to cyber crimes, Mumbai Police and the country’s largest lender State Bank of India on Monday jointly launched a cyber crime awareness campaign.

  • Man duped of Rs 90 thousand

    BETUL : A retired employee of health department was duped of Rs 90 thousand by a thug who claimed him to be officer of Reserve Bank and State Bank.

  • Snapdeal

    SBI ties up with Snapdeal, PayPal to assist small, medium biz

    Kolkata: Country’s largest bank SBI today signed pacts with e-commerce player Snapdeal and digital payments firm PayPal for providing cheaper loans and cross- border transaction facility to small and mid-sized businesses. Under the ‘Snapdeal-Capital Assist’ programme, sellers or manufacturers on its platform will be able to access liquidity at attractive rates from SBI, with women entrepreneurs getting a further concession of 0.25 per cent. Besides, no collateral will be required for loans up

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