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State Bank of India (SBI)

SBI rearranges portfolio of MDs and DMDs

SBI rearranges portfolio of MDs and DMDs

Tue, Nov 21, 2023

The portfolio was with Alok Kumar Choudhary earlier. Choudhary has been entrusted with the new responsibility of Managing Director looking after Risk, Compliance & Stressed Assets Resolution Group (SARG).

SBI to soon launch 'Yono Global' app in Singapore and US

SBI to soon launch 'Yono Global' app in Singapore and US

Fri, Nov 17, 2023

“We are continuing to invest in Yono Global to offer the best services available as we want to give superior experience to our customers,” Krishnan told PTI at the three-day Singapore Fintech Festival (SFF), which ends on November 17.

SBI raises Rs 10,000 crore through Tier 2 bonds

SBI raises Rs 10,000 crore through Tier 2 bonds

Wed, Nov 01, 2023

The fund was raised through Basel III compliant Tier 2 Bonds carrying a coupon rate of 7.81 per cent. The bonds are issued for a tenor of 15 years, with the first call option after 10 years, SBI said in a statement.

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SBI shown the door as EPFO fund manager; deadline provided

SBI shown the door as EPFO fund manager; deadline provided

Tue, Dec 04, 2018

Following RBI norms, the country's largest lender State Bank of India will stop being a fund manager of retirement fund EPFO by March-end.

Concerns on credit supply to small biz a myth: SBI report

Concerns on credit supply to small biz a myth: SBI report

Tue, Dec 04, 2018

Economists at the country's largest lender SBI Tuesday termed concerns on credit supply to small businesses as a "myth" and said the sector has had a "stupendous" loan growth since GST.

NHPC inks pact with SBI for Rs 500 cr term-loan

NHPC inks pact with SBI for Rs 500 cr term-loan

Sun, Dec 02, 2018

The borrowed fund will be utilised to finance the capital expenditure, NHPC said in a statement.

SBI to sell 3 bad loan accounts to recover Rs 2,111 crore dues

SBI to sell 3 bad loan accounts to recover Rs 2,111 crore dues

Sun, Dec 02, 2018

Earlier on November 22, SBI held e-auction of 11 NPA accounts that had outstanding dues of Rs 1,019 crore towards the bank.

IBC is the biggest change for NPA recovery in banking history of India: Rajnish Kumar, SBI

IBC is the biggest change for NPA recovery in banking history of India: Rajnish Kumar, SBI

Thu, Nov 29, 2018

Rajnish Kumar, Chairman, SBI, in an exclusive interview with Anil Singhvi of Zee Business, talks about YONO app, NBFCs, SBI's focus towards technology and ongoing liquidity crunch as well as loan waiver culture in the country.

SBI account holder? 3 things that can get you in big trouble; don't do this, heavy penalty can be slapped on you

SBI account holder? 3 things that can get you in big trouble; don't do this, heavy penalty can be slapped on you

Mon, Nov 26, 2018

SBI has not only increased the minimum balance limit but also revised its charges for Non-maintenance of monthly average balance.

SBI's Yono app completes 1 year! Check what it offers today

SBI's Yono app completes 1 year! Check what it offers today

Sat, Nov 24, 2018

Through YONO app, you can also get heavy discounts on shoppersstop.com, Wonderchef, smytten, Thomas cooking and Croma sites.

As Kotak Mahindra Bank becomes bigger than Maruti Suzuki, Anand Mahindra says this for Uday Kotak

As Kotak Mahindra Bank becomes bigger than Maruti Suzuki, Anand Mahindra says this for Uday Kotak

Sun, Nov 18, 2018

Mahindra recalled how Kotak had started the company out of a single room in Mumbai and went on to create entrepreneurship and creation of wealth in the "RIGHT" way.

No liquidity crisis in NBFC sector: SBI Chairman

No liquidity crisis in NBFC sector: SBI Chairman

Fri, Nov 16, 2018

Replying to queries on liquidity concerns, triggered by payment defaults by the Infrastructure Leasing and Financial Services (IL&FS), Kumar said the NBFCs have managed to roll over their debts that were scheduled to mature in the near future into new debts.

Petrol, diesel prices: Cheaper drive ahead, fuel rate slashed by Rs 8.40, Rs 4.46 respectively in 30 days

Petrol, diesel prices: Cheaper drive ahead, fuel rate slashed by Rs 8.40, Rs 4.46 respectively in 30 days

Tue, Nov 13, 2018

US benchmark dollar index has its share of torturing the fuel prices in the country. There were moments where a petrol was over Rs 91 per litre and diesel above Rs 88 per litre, hitting the pockets of citizens. However, tables have turned and the current situation looks quite better than September to October 2018 month, so much so, that crude oil will now turn out to be a saviour in reducing our petrol and diesel prices.

SBI launches "Wealth Hub" in Mangaluru

Sun, Oct 21, 2018

The bank has re-branded its wealth business as "SBI Wealth" offering best-in-class personalised banking and investment services to its elite High Net worth Individual (HNI) clients through a dedicated team of relationship managers.

Bank holidays 2018: ATMs to be closed for 5 days? You may face cash crunch

Bank holidays 2018: ATMs to be closed for 5 days? You may face cash crunch

Tue, Oct 16, 2018

Banks will head into the Dussehra holidays - Navami is falling Oct 18, while Dashmi or Dussehra is on Oct 19. Therefore, on both these days, there will be a complete shut-down of banking services. Since Oct 20th will be the third Saturday of the month, the banks will not function and the next day is Sunday.

Crisis hit NBFCs put loans on sale with discounts, but banks fearful

Crisis hit NBFCs put loans on sale with discounts, but banks fearful

Wed, Oct 10, 2018

Banks are also curtailing fresh lending to NBFCs based on the external ratings. Instead, they have stepped up purchasing their portfolio to meet targets for agriculture and other priority sector lending targets.

Home loan EMIs set to soar, borrowers to suffer big money loss

Home loan EMIs set to soar, borrowers to suffer big money loss

Wed, Oct 03, 2018

Analysts and bankers believe that RBI may be all set to hike the policy rate on Friday (October 5) for third time in a row, and it is bound to trigger another round of hikes soon. Your equated monthly installments (EMIs) will be at the receiving end.

SBI account holder? Your bank just hiked loan rates; HDFC Bank and ICICI Bank set to follow

SBI account holder? Your bank just hiked loan rates; HDFC Bank and ICICI Bank set to follow

Fri, Sep 28, 2018

SBI’s move is expected to trigger revision of rates by other lenders, including HDFC Bank and ICICI Bank. With credit growth picking up and deposit growth slackening, banks are forced to revise lending rates, termed as the marginal cost based lending rates (MCLR).

SBI account holder? Your bank is credit card happy! Want one too?

SBI account holder? Your bank is credit card happy! Want one too?

Thu, Sep 27, 2018

The number of credit cards is rising with the aspirational values of Indians going up. The customers, especially the younger generation, is relying on unsecured credit to buy the goods they desire. With the average spends on an SBI card at Rs 10,000 per month, the expenses are for dining, fashion, travel and retail.

SBI top gainer today, up by 2%; Can this be the reason for uptick?

SBI top gainer today, up by 2%; Can this be the reason for uptick?

Tue, Sep 11, 2018

SBI manages to jump high today in trading

SBI Recruitment 2018: Applications invited for posts of Deputy Manager, Fire Officer on sbi.co.in/careers

SBI Recruitment 2018: Applications invited for posts of Deputy Manager, Fire Officer on sbi.co.in/careers

Mon, Sep 10, 2018

SBI Recruitment 2018: The State Bank of India (SBI) in a notification has informed about the recruitment to fill 48 vacant positions of Deputy Manager and Fire Officer. For details, interested candidates must visit on the State Bank of India's official website- sbi.co.in/careers, to submit their online application. The last date to apply for these posts is September 24, 2018.

State Bank of India says Anshula Kant appointed MD

State Bank of India says Anshula Kant appointed MD

Fri, Sep 07, 2018

Top lender State Bank of India said on Friday that the government had appointed Anshula Kant as the bank`s managing director. She is presently the Deputy MD of SBI.

SBI Recruitment 2018: Applications invited for Specialist Cadre Officer Jobs on sbi.co.in/careers

SBI Recruitment 2018: Applications invited for Specialist Cadre Officer Jobs on sbi.co.in/careers

Fri, Sep 07, 2018

SBI Recruitment 2018: The State Bank of India (SBI) through a notification has invited applications to fill 48 vacancies for the post of Specialist Cadre Officer. Interested candidates can see the details on the State Bank of India's official careers webpage – sbi.co.in/careers.

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