State Bank of India

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

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

Delhi reports instances of cloned ATM cards: SBI shares tips to prevent debit card fraud

Delhi reports instances of cloned ATM cards: SBI shares tips to prevent debit card fraud

After reporting several instances of the use of cloned ATM cards in New Delhi, State Bank of India (SBI) on Tuesday shared some tips to e...Read More

SBI launches 'SBI Wecare Deposit' scheme for senior citizens: Here are new fixed deposit interest rates from May 12

SBI launches 'SBI Wecare Deposit' scheme for senior citizens: Here are new fixed deposit interest rates from May 12

In a major relief to the customers amid coronavirus pandemic, State Bank of India, last week, had slashed benchmark lending rate by 15 ba...Read More

You know it is not YONO offering emergency loans, says State Bank of India

You know it is not YONO offering emergency loans, says State Bank of India

State Bank of India (SBI) on Sunday clarified that it is not offering any kind of emergency loans to customers through its YONO platform....Read More

SBI cuts benchmark lending rate by 15 bps; launches special deposit scheme for senior citizens

SBI cuts benchmark lending rate by 15 bps; launches special deposit scheme for senior citizens

The country's largest lender has introduced a new product 'SBI Wecare Deposit' for senior citizens in the retail term deposit segment to ...Read More

SBI cuts benchmark lending rate by 15 bps; launches special deposit scheme with higher interest for senior citizens

SBI cuts benchmark lending rate by 15 bps; launches special deposit scheme with higher interest for senior citizens

New Delhi: The country's largest lender State Bank of India on Thursday slashed benchmark lending rate by 15 basis points, and introduced...Read More

SBI mulling new credit lines for NBFCs hit by lockdown: Sources

SBI mulling new credit lines for NBFCs hit by lockdown: Sources

The country's largest lender, State Bank of India, is assessing its exposure to non-bank lenders to draw up a plan to extend new credit l...Read More

Confusion over moratorium leaves private bank borrowers in a spot

Confusion over moratorium leaves private bank borrowers in a spot

On Friday, the RBI allowed banks to give a three-month moratorium for repayment of all term loans due between Mar 1 and May 31, without t...Read More

Yes Bank board clears Rs 5,000 crore capital raising plan

Yes Bank board clears Rs 5,000 crore capital raising plan

Private sector lender Yes Bank will raise up to Rs 5,000 crore as equity capital in the second round to meet regulatory requirements and ...Read More

YES Bank crisis:  Will the swift action of the RBI and the government lead to the bank's rescue?

YES Bank crisis: Will the swift action of the RBI and the government lead to the bank's rescue?

The way state governments have moved their deposits to public sector banks brings back memories of 2008

'Heartless bank': Nirmala Sitharaman launches scathing attack on SBI and its chairman Rajnish Kumar

'Heartless bank': Nirmala Sitharaman launches scathing attack on SBI and its chairman Rajnish Kumar

A purported audio clip where finance minister Nirmala Sitharaman came down heavily on State Bank of India and its chairman Rajnish Kumar....Read More

Moratorium to go soon; government nod to bailout plan

Moratorium to go soon; government nod to bailout plan

Private sector lender ICICI Bank has announced to invest Rs 1,000 crore for an equity in excess of 5 per cent in the crisis-ridden bank.

SBI to invest Rs 7,250 cr for YES Bank rescue plan

SBI to invest Rs 7,250 cr for YES Bank rescue plan

SBI said its shareholding in Yes Bank will remain within 49% of the paid up capital of the private lender and following the fund infusion...Read More

No more extra charges! SBI removes minimum balance requirement on savings account

No more extra charges! SBI removes minimum balance requirement on savings account

In addition to this, SBI also rationalised interest rate on savings bank accounts to a flat 3% per annum

SBI cuts rates for fixed deposits, home and car loans by 10-50 basis points

SBI cuts rates for fixed deposits, home and car loans by 10-50 basis points

The rates became effective from March 10

SBI Card IPO: Share allocation to be decided today; Here's how you can check the status

SBI Card IPO: Share allocation to be decided today; Here's how you can check the status

The steep fall in the market has, however, tampered expectations of the investors

Yes Bank Crisis: SBI's legal team working on plan to pick up 49% stake in Rana Kapoor-founded bank

Yes Bank Crisis: SBI's legal team working on plan to pick up 49% stake in Rana Kapoor-founded bank

State Bank of India (SBI) is all set to pick up 49 per cent stake in the crisis-ridden Yes Bank under a government-approved bailout plan....Read More

Yes Bank crisis: SBI steps in as 'Saving Bank of India' for the ailing financial institue

Yes Bank crisis: SBI steps in as 'Saving Bank of India' for the ailing financial institue

A day after imposing moratorium on Yes Bank and restricting withdrawals, the RBI on Friday evening issued a draft reconstruction scheme f...Read More

YES Bank revival plan: Public funding for private loot

YES Bank revival plan: Public funding for private loot

As per this plan, the State Bank of India is to pick up 49% stake in the sinking Yes Bank.

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