SBI

Tamil Nadu crime: Three, including son of former SBI employee, arrested for running duplicate bank branch

Tamil Nadu crime: Three, including son of former SBI employee, arrested for running duplicate bank branch

On Friday, three people, including son of former SBI employee, were arrested by the Tamil Nadu police for running a duplicate branch of S...Read More

India's economic recovery started from June: SBI chairman

India's economic recovery started from June: SBI chairman

State Bank of India's Chairman Rajnish Kumar said there is a need to wait for three to four months to see the trend of the recovery.

SBI cuts MCLR by up to 10 bps for shorter tenors

SBI cuts MCLR by up to 10 bps for shorter tenors

The country's largest lender State Bank of India (SBI) on Wednesday said it has reduced its marginal cost of funds-based lending rate (MC...Read More

SBI okays up to Rs 1,760 cr investment in Yes Bank's FPO

SBI okays up to Rs 1,760 cr investment in Yes Bank's FPO

The development comes a day after Yes Bank's board approved raising funds through an FPO.

How to open an SBI Insta Saving Bank Account via Yono amid COVID-19?

How to open an SBI Insta Saving Bank Account via Yono amid COVID-19?

Country's largest lender, State Bank of India, relaunched its Aadhaar-enabled instant digital savings account. This account is for custom...Read More

Fitch Ratings revises outlook of 9 Indian banks' IDRs to negative

Fitch Ratings revises outlook of 9 Indian banks' IDRs to negative

Fitch Ratings has revised the outlook to negative from stable on long-term issuer default ratings (IDRs) of nine India-based banks while ...Read More

Likely job cuts, salary reductions to have relatively low impact on SBI: Chairman

Likely job cuts, salary reductions to have relatively low impact on SBI: Chairman

In a letter to the bank's shareholders, Kumar exuded confidence that despite economic headwinds, the robust performance achieved by the c...Read More

Plenty of liquidity available in the system: SBI chairman

Plenty of liquidity available in the system: SBI chairman

Kumar said that both the RBI and the government have taken measures to bring back the economy, derailed by the pandemic, back on track.

SBI plans Rs 20,000 crore capital mop-up by March 2021

SBI plans Rs 20,000 crore capital mop-up by March 2021

The country's largest lender SBI on Tuesday said it will seek shareholders' approval in mid-July for the same.

SBI set to raise Rs 1,523 cr via stake sale in SBI Life; board yet to decide on fundraising

SBI set to raise Rs 1,523 cr via stake sale in SBI Life; board yet to decide on fundraising

The decisions were taken at the meeting of the executive committee of the central board (ECCB) of SBI on Thursday.

Crisis in hospitality, aviation to prolong: SBI official

Crisis in hospitality, aviation to prolong: SBI official

Sujit Varma, Deputy Managing Director, Corporate Accounts Group, State Bank of India said that the lockdown has severely affected the cas...Read More

Money matters amid coronavirus: Is keeping money in a savings account better than a fixed deposit?

Money matters amid coronavirus: Is keeping money in a savings account better than a fixed deposit?

For a while now, the interest rates offered by fixed deposits were declining but now it has reached a level where short-term savings look...Read More

SBI opens its Wealth Hub in Gwalior

SBI opens its Wealth Hub in Gwalior

State Bank of India (SBI) launched its wealth management business by opening its 150th SBI Wealth Hub at Gwalior on Monday. SBI Wealth of...Read More

SBI to cut MCLR by 25 bps from Jun 10

SBI to cut MCLR by 25 bps from Jun 10

The one year MCLR has been revised to 7 per cent from 7.25 per cent, the bank said in a release. This is the thirteenth consecutive reduc...Read More

SBI eyes raising up to USD 1.5 bn

SBI eyes raising up to USD 1.5 bn

The Executive Committee of the Central Board is scheduled to meet on June 11 to consider long-term fund raising, the country's largest le...Read More

There is risk aversion at borrowers' end, says SBI Chairman

There is risk aversion at borrowers' end, says SBI Chairman

Kumar also said the bank is very bullish about the Rs 3 lakh crore credit guarantee scheme for MSME, and through the scheme the governmen...Read More

Retail credit declined by 2.5 per cent, the lowest level since 2008

Retail credit declined by 2.5 per cent, the lowest level since 2008

The COVID-19 pandemic and the lockdown have made Indian consumers risk-averse if one were to go by data showing a growth in deposits and ...Read More

SBI simplifies EMI moratorium process, starts notifying eligible borrowers via SMS

SBI simplifies EMI moratorium process, starts notifying eligible borrowers via SMS

It has reached out to all its eligible loan customers to obtain their consent to stop their standing instructions (SIs) / National Autom...Read More

Worried about how to defer EMI? For SBI borrowers, this would be lot more easy

Worried about how to defer EMI? For SBI borrowers, this would be lot more easy

State-run State Bank of India has decided to make the process to defer EMI simple. The bank will start sending notification to its borrow...Read More

About 20% SBI borrowers opt for loan repayment moratorium: Chairman

About 20% SBI borrowers opt for loan repayment moratorium: Chairman

On March 27, the central bank had announced a three-month moratorium on payment of all term loans falling due between March 1, 2020 and M...Read More

Free Press Journal

www.freepressjournal.in