State Bank of India

Market Update: Sensex rallies; ONGC, M&M, IndusInd Bank, HDFC Bank, SBI are among top gainers

Market Update: Sensex rallies; ONGC, M&M, IndusInd Bank, HDFC Bank, SBI are among top gainers

Market benchmark Sensex surged over 300 points in early trade on Thursday tracking advances in global equities as positive macroeconomic ...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

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 posts four-fold jump in Q4 net profit at Rs 3,580.81 crore

SBI posts four-fold jump in Q4 net profit at Rs 3,580.81 crore

The country's largest lender SBI on Friday reported over four-fold jump in standalone net profit at Rs 3,580.81 crore for March quarter 2...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

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

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