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State Bank of India News
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Air India ropes in SBI Caps, sets up 5 teams for divestment process
Wed, Nov 22, 2017
Preparing for strategic disinvestment, national carrier Air India has roped in SBI Caps to advise on the future course and has constituted five teams to work on various aspects of the stake sale process.
Post merger: SBI cuts staff by atleast 10,500 in 1HFY18
Mon, Nov 13, 2017
In 1991, it was suggested that India should have fewer but strong PSBs. Though it was only in May 2016 that effective action to consolidate state-owned banks struck headlines with six associate banks getting merged into State Bank of India.
Have SBI debit card; Here's a list of charges you need to remember
Sun, Nov 12, 2017
SBI offers you the convenience of more than 43,000 ATMs in India, the largest network in the country.
Mumbai to host Asian Bankers Association summit for first time
Sun, Nov 12, 2017
The two-day conference will be held in the megapolis from November 16 and will be hosted by State Bank, with the theme of 'Asia's turn to transform', SBI said.
State Bank of India profit crosses Rs 1,800 crore in Q2
Fri, Nov 10, 2017
State Bank of India second quarter (Q2 FY18) consolidated profit rises to Rs 1,840.4 crore from Rs 20.7 crore a year ago. However standalone profit of the bank dropped 38% to Rs 1,582 crore in the July to September quarter.
State Bank of India eyes profitable expansion outside home
Thu, Nov 09, 2017
State Bank of India (SBI) will open more branches in Nepal and consider options to re-enter Vietnam under a three-year goal to grow its international operations to as much as 15 percent of total business, a senior executive said.
Air India to sell 2 properties to SBI, may fetch Rs 50 crore
Sun, Nov 05, 2017
Scouting for funds, Air India is in advanced discussions with public sector lender SBI for sale of at least two residential properties that could net nearly Rs 50 crore, airline and banking sources said.
SBI cuts fixed deposit rate by 25 bps; Here's what you need to know
Wed, Nov 01, 2017
A day after slashing MCLR, the State Bank of India (SBI) also reduced its fixed deposits rate by 25 basis points for less than Rs 1 crore on various tenure with effects from Wednesday.
After SBI's 5 bps cut in MCLR; two more banks follow suit
Tue, Oct 31, 2017
MCLR was introduced on from April 2016 with an aim to ensure that the banks pass on the benefits of RBI's rate cut to their customer in faster pace.
SBI General Insurance net zooms to Rs 251 crore on one-time income in Q2
Sun, Oct 29, 2017
A one-time income of Rs 170 crore from its reinsurance portfolio pushed up the net profit of SBI General Insurance to a massive Rs 251 crore in the September quarter, from Rs 5.5 crore in the year-ago period.
Indian banking shares surge on govt's PSB recapitalisation plan
Wed, Oct 25, 2017
SBI shares rose more than 20%, while PNB shares surged more than 33%.
State Bank of India's asset quality likely to remain stable ahead; SMEs, Agriculture pose risk
Mon, Oct 16, 2017
SBI is considered among the most important banks in India. Despite of stress seen in assets during Q1FY18, this bank still has the potential to overcome its NPA issue in coming quarters.
SBI launches SME Assist for enterprises hurting from GST transition
Thu, Oct 12, 2017
Since GST's inception industrialist have been complaining that their business operations have slowdown and working capital requirement were hampered.
Stake sale in insurance arms may help banks with their NPAs
Thu, Oct 05, 2017
IPO market is seen on a bull run this year, analysts believe for sectors like insurance, stock exchanges and AMCs this is a well place market.
Rajnish Kumar is the new chairman of State Bank of India
Wed, Oct 04, 2017
The chairman's term was coming to an end this week and Rajnish Kumar, MD at SBI was a front runner for her chair.
SBI revises service charges for Monthly Average Balance; six categories of accounts exempted
Mon, Sep 25, 2017
State Bank of India also decided to treat the metro and urban centres in the same category and the requirement of MAB in metro centres stands reduced to Rs 3000 from Rs 5000 earlier.
SBI Life Insurance IPO fully subscribed on last day of offer
Fri, Sep 22, 2017
SBI Life Insurance, a subsidiary of State Bank of India (SBI) has set price band in the range of Rs 685-700 per piece.
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.