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).
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.
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.
Tue, Sep 04, 2018
"The rupee has now depreciated by 6.2 per cent since June 2018 when RBI started hiking rates. Even as the decline is in consonance with strengthening of the dollar, we believe it may continue further," the report said.
Mon, Sep 03, 2018
Big-ticket loans to industries and corporate houses are gradually growing as sectors such as road, steel, automotive component manufacturers and telecommunications are beginning to revive.
State Bank of India (SBI) and ICICI Bank have revised their marginal cost based lending rate (MCLR) effective September 1. HDFC Bank may also revise MCLR when it takes it up for review on September 7.
Wed, Aug 29, 2018
SBI said that it would never seek sensitive information from its account holders like user ID, PIN, password, CVV, OTP, VPA (UPI) etc from you. If anyone asks you about these details, never tell them, otherwise, you will be at loss. This applies even if someone cites the bank's name.
Hindusthan National Glass & Industries Ltd (HNGI), the largest glass packaging maker in the country, has reached a settlement worth a little above Rs 2,000 crore in cash and equity to lenders consortium headed by State Bank of India (SBI).
Tue, Aug 28, 2018
"The August 27 deadline does not have any material impact on the provisioning requirements as most of them have already been classified as bad loans," Rajnish Kumar told reporters on the sidelines of the annual general meeting of the Indian Banks Association this evening.
Mon, Aug 27, 2018
A total of 1,295 branches have been changed across the country as per the SBI list enlisting the old and new IFSC codes after rationalisation/merger with associate banks and BMB, as per the list on its website.
The country's current account deficit (CAD) is likely to touch 2.8 per cent of GDP in the current financial year on surge in crude oil prices and moderate growth in exports, a report said.
Fri, Aug 24, 2018
When asked how many cases are being referred to NCLT by the end of the August 27 deadline, he said: "We don't see major spurt in accounts being referred to National Company Law Tribunal (NCLT). We have been bringing out the stress in the system...We have worked at resolution.
Relating to GDP growth, he said as per SBI research estimates, in the first quarter it was expected to be 7.7 per cent in the first quarter and 7.5 per cent for the full fiscal.
SBI PO Mains 2018 results: The final result of SBI PO 2018 will be declared by considering the collective score of Mains Exam and the Interview. The figuring in the merit list are finally given the appointment letter by the bank of their preference. SBI PO 2018 final result will be declared on 1st November 2018.
Madhya Pradesh based RTI activist Chandrashekhar Gaud had asked the SBI that how many ATMs have been recalibrated for dispensing the new currency notes of Rs 2,000, Rs 500 and Rs 200 denomination.
Tue, Aug 21, 2018
SBI PO Mains 2018 results: The State Bank of India (SBI) is all set to declare the result of Probationary Officer (PO) recruitment examination anytime tonight. It was expected at 8 pm today, but that has not happened. Ideally, it was supposed to have been released on Monday.
State Bank chairman Rajnish Kumar called for scaling down thrust on consortium lending, saying over-dependence on this has only led to bad loan pile- up as it has been inordinately delaying loan appraisals.
Mon, Aug 20, 2018
Fixed Deposit rates in India: With the equity markets scaling new highs almost every other day and interest rates on fixed income products rising, retail investors need to take a fresh look at their investment portfolio and check if it needs re-balancing.
Tue, Aug 14, 2018
Beleaguered carrier Jet Airways Ltd has not yet approached State Bank of India (SBI) for any funds, the chairman of the country`s top bank said on Tuesday, according to television channel CNBC-TV18.
The survey, which covered 152 brands across 11 categories, is based on data collected online by YouGov Omnibus among 1,193 respondents in the country between August 2 and August 8 using its panel of an online representation of India. In the financial sector, SBI lead the chart with 47% respondents considering it to be the most patriotic brand, followed by LIC with 16%.
Mon, Aug 13, 2018
Rajnish Kumar, Chairman, SBI, feels that the profit in the current quarter of July-September would be contingent on the NCLT approving a resolution of one large account. In an exclusive interview with Zee Business, Kumar said the bank is planning to sell 4 per cent stake in its general insurance subsidiary, SBI General Insurance this financial year.
Sat, Aug 11, 2018
Finance Minister Piyush Goyal today said there was no retrenchment of employees after the merger of five associate banks and the Bhartiya Mahila Bank with the State Bank of India.
Fri, Aug 10, 2018
The State Bank of India (SBI) reported a bigger-than-expected quarterly loss on Friday, as country`s biggest lender by assets made higher provisions for treasury losses although its improved bad loan ratio sent its shares higher.
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