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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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Rupee may decline further: SBI report

Rupee may decline further: SBI report

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.

Bank credit soars as steel, telecom, auto component firms lead demand spurt

Bank credit soars as steel, telecom, auto component firms lead demand spurt

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.

HDFC Bank may raise loan rates after big SBI, ICICI Bank announcement

HDFC Bank may raise loan rates after big SBI, ICICI Bank announcement

Mon, Sep 03, 2018

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.

SBI account holder? You may lose your money, if you do these 5 things

SBI account holder? You may lose your money, if you do these 5 things

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.

SBI looks to push this firm into NCLT clutches; company's escape strategy is eye-ball grabbing

SBI looks to push this firm into NCLT clutches; company's escape strategy is eye-ball grabbing

Wed, Aug 29, 2018

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).

Bankers see no material impact on their provisioning as Reserve Bank of India Deadline ends

Bankers see no material impact on their provisioning as Reserve Bank of India Deadline ends

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.

SBI changes names, IFSC codes of nearly 1,300 branches post merger with associates

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.

Current account deficit to hit 2.8% of GDP in FY19: SBI report

Current account deficit to hit 2.8% of GDP in FY19: SBI report

Mon, Aug 27, 2018

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.

Resolution soon on 7-8 stressed power assets worth Rs 17,000 cr, says SBI MD

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.

Sudden depreciation or appreciation of Rupee not good: SBI

Sudden depreciation or appreciation of Rupee not good: SBI

Fri, Aug 24, 2018

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: Alert! Declared may happen August 31, 2018 on sbi.co.in/careers

SBI PO Mains 2018 results: Alert! Declared may happen August 31, 2018 on sbi.co.in/careers

Fri, Aug 24, 2018

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.

SBI yet to recalibrate 18,135 ATMs for new notes: RTI

SBI yet to recalibrate 18,135 ATMs for new notes: RTI

Fri, Aug 24, 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.

SBI PO Mains 2018 results to be declared at sbi.co.in today; also check bank.sbi/careers for latest news and updates

SBI PO Mains 2018 results to be declared at sbi.co.in today; also check bank.sbi/careers for latest news and updates

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.

SBI chief: Need to whittle down thrust on consortium lending

SBI chief: Need to whittle down thrust on consortium lending

Tue, Aug 21, 2018

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.

Fixed Deposit rates in India rise: Why it's time to rebalance your Equity vs Debt investment portfolio

Fixed Deposit rates in India rise: Why it's time to rebalance your Equity vs Debt investment portfolio

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.

Jet Airways has not yet asked the bank for funds: SBI chairman

Jet Airways has not yet asked the bank for funds: SBI chairman

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.

Independence day: Baba Ramdev-led Patanjali is not India's most patriotic brand

Tue, Aug 14, 2018

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%.

Profit hit by depreciation of the value of government bonds: Rajnish Kumar, Chairman, SBI

Profit hit by depreciation of the value of government bonds: Rajnish Kumar, Chairman, SBI

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.

Will employees be sacked after SBI merger?

Will employees be sacked after SBI merger?

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.

SBI posts third straight quarterly loss, bad loan ratio improves

SBI posts third straight quarterly loss, bad loan ratio improves

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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