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From home loans to recurring deposits queries; SBI's SIA will answer it all for you
Tue, Sep 05, 2017
SBI Intelligent Assistant - is a chatbot which answers retail product related queries for its customers.
SBI Life Insurance may launch IPO in this month; aims to raise Rs 8000 crore
Tue, Sep 05, 2017
The company is expecting approval from Securities and Exchange Board of India (Sebi) and Insurance Regulatory and Development Authority of India (IRDAI) in this week.
FinMin writes to heads of PSU banks on consolidation
Sun, Sep 03, 2017
The finance ministry has written letters to all heads of PSU lenders informing them the government's decision to set up a ministerial panel to facilitate consolidation in the public banking space.
SBI waives of up to 100% processing fee charge on various loans
Mon, Aug 21, 2017
Ahead of festive season, the bank waived of processing fee on car loans, personal gold loans and personal loans.
Defaulters owe 27% of total amount to SBI alone, PNB next
Sun, Aug 20, 2017
The total outstanding loans by wilful defaulters rose to Rs 92,376 crore at the end of financial year 2016-17, from Rs 76,685 crore at the end of last fiscal 2015-16 -- up 20.4%.
Bad News: HDFC Bank cuts savings account interest rate by 50 basis points
Thu, Aug 17, 2017
Customers having balance account below Rs 50 lakh will earn interest rates the new interest rate of 3.50% per annum - a 50 basis points cut from previous rate.
Thousands transferred, branches closed, but no major protests in SBI
Tue, Aug 15, 2017
Even the unions that strongly opposed the merger of six banks with SBI and were apprehensive about treatment of incoming staff by the SBI management agree that there is not much of vindictive or arbitrary movement of people till now, making one wonder as to how and why this happened.
SBI consolidated Q1 net profit at Rs 3032 crore; gross NPAs rise to 9.97%
Fri, Aug 11, 2017
SBI posted net profit of Rs 3,031.88 crore rising by 189.85% compared to Rs 1,046 crore in the corresponding period of the previous year.
SBI rate cut: Here are 11 banks who continue to offer higher savings interest rates
Tue, Aug 01, 2017
With State Bank of India (SBI) announcing the revision of interest rates on savings account for balances of Rs 1 crore and below, other banks likely to follow suit.
SBI slashes deposit rates for bank balances lower than Rs 1 crore
Mon, Jul 31, 2017
For saving deposit balance up to Rs 1 crore, the new interest rate would be 3.5%, State Bank of India said.
Jyoti Structures: NCLT admits corporate insolvency resolution process filed by SBI
Mon, Jul 24, 2017
Jyoti Structures which owes over Rs 7,000 crore to a list of bankers said on Monday that NCLT has admitted CIRP filed by SBI to whom its owes over Rs 1,200 crore.
Electrosteel bankruptcy: NCLT appoints interim resolution
Sat, Jul 22, 2017
The Kolkata bench of NCLT appointed Dhaivat Anjaria as IRP for ascertaining the particulars and convene a committee of creditors for evolving the resolution plan of the creditors.
NCLT allows Essar Steel to file objections to SBI, SCB pleas
Wed, Jul 19, 2017
The Ahmedabad bench of the tribunal of judicial member Bikki Raveendra Babu granted time to Essar Steel till July 22 to file objections to the petitions moved by the two lenders against the company after the Gujarat High Court dismissed its petition yesterday.
SBI's various charges on cash withdrawals; here's the list
Tue, Jul 18, 2017
As per SBI the charges are levied for the cost involved in handling the transaction and the attendant work. Govt has received various complain from public in regards to imposition of charges on frequent banking.
Essar's steely resolve or road to liquidation?
Tue, Jul 18, 2017
After Gujarat HC dismissed Essar Steel's petition against RBI and lenders, Insolvency & Bankruptcy code (IBC), 2016 will commence immediately giving 180 days to make resolution plan.
From best deals on homes to loans; this is what SBI Realty is all about
Tue, Jul 18, 2017
In a move to strengthen its home loans category, the State Bank of India has launched a "SBI Reality" which makes it easier for a customer to view various options on homes and loans.
Number of PSBs may go down to 12 as govt mulls consolidation
Sun, Jul 16, 2017
Finance Minister Arun Jaitley said the government is "actively working" towards consolidation of public sector banks but declined to provide details, saying this was a price-sensitive information.
Action against Essar Steel based on internal panel's advice, RBI tells Gujarat HC
Sat, Jul 15, 2017
A single bench judge bench of Justice S.G. Shah is hearing a petition filed by the steel major on July 4 seeking quashing of insolvency proceedings, claiming that the action was unilaterally initiated without giving it a hearing at a time when the company was in a major restructuring mode.
SBI cuts money transfer charges for NEFT and RTGS by up to 75%; see full list
Thu, Jul 13, 2017
India's largest bank the State Bank of India (SBI) on Thursday said that it is reducing charges on NEFT and RTGS money transfers by up to 75%.
SBI in Nepal launches digital village
Sun, Jul 09, 2017
The digital village initiative has been launched in Jarisingpouwa in Shankarapur Rural Municipality, 25 km east from Kathmandu.