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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 launches digital transaction initiative MOPAD

SBI launches digital transaction initiative MOPAD

Wed, Aug 08, 2018

As part of its effort to promote online transaction, State Bank of India (SBI) today launched one more digital initiative called MOPAD (Multi Option Payment Acceptance Device).

Black money fight: Political parties received Rs 384 cr worth donation; SBI mum on which one got most

Black money fight: Political parties received Rs 384 cr worth donation; SBI mum on which one got most

Fri, Jul 06, 2018

Based on an initiative by the government and the Election Commission, the State Bank of India (SBI) introduced electoral bonds worth Rs 1,000, Rs 10,000, Rs 1,00,000, Rs 10 lakh and Rs 1 crore.

Five of top-10 companies lose Rs 26,641 crore in market capitalisation

Five of top-10 companies lose Rs 26,641 crore in market capitalisation

Sun, Mar 04, 2018

State Bank of India (SBI) took the steepest hit. The other firms which witnessed a decline in their market capitalisation (m-cap) were TCS, ITC, ONGC and HDFC Bank

Shares of SBI fall on weak Q3 earnings

Shares of SBI fall on weak Q3 earnings

Mon, Feb 12, 2018

The country's largest lender's loss was due to its bad loans and increased provisions

SBI to raise Rs 20,000 cr for affordable housing, infra projects

SBI to raise Rs 20,000 cr for affordable housing, infra projects

Wed, Jan 17, 2018

The bank did not specify whether the borrowing would be in rupee denomination or foreign currency

Inflation will dip in January, claims SBI

Inflation will dip in January, claims SBI

Sat, Jan 13, 2018

Increase in December inflation was primarily due to the base effect, a report said

SBI may announce minimum balance criteria again

SBI may announce minimum balance criteria again

Sat, Jan 06, 2018

The bank in an earlier statement said it had revised the requirement of maintaining monthly average balance and the charges

Demonetisation: SBI cash deposits cross Rs 1.2 lakh crore in 7 days

Demonetisation: SBI cash deposits cross Rs 1.2 lakh crore in 7 days

Fri, Nov 18, 2016

Cash deposits in State Bank of India reach Rs 1.27 lakh crore Exchange of old note transactions reach Rs 6,477 crore, says SBI SBI says cash withdrawal transactions amount to Rs 23,337 crore

Cash flood: ICICI, HDFC Bank cut FD rates by 0.25%

Cash flood: ICICI, HDFC Bank cut FD rates by 0.25%

Thu, Nov 17, 2016

According to estimates, banks have collected cash deposit of over Rs 4 lakh crore following the demonetisation decision announced on November 8 by Prime Minister Narendra Modi.

MCLR Cut: Is it time to get a home loan or should you wait some more?

MCLR Cut: Is it time to get a home loan or should you wait some more?

Mon, Nov 14, 2016

Ramaswamy Subramanian Co-founder and CEO at Finanzmart said, "It is a good time for genuine home buyer opting for home loans at this rate because these interest rates are at its lowest now. In fact in 2-3 years the rates have been progressively coming down.”

SBI Life Insurance IPO to come in 18-24 months

SBI Life Insurance IPO to come in 18-24 months

Fri, Nov 11, 2016

State Bank of India in its meeting held today announced that the bank plans to bring its insurance arm SBI Life insurance for initial public offering (IPO) within 18-24 months.

Demonetization aftermath: SBI records nearly Rs 40,000 crore cash deposits so far

Demonetization aftermath: SBI records nearly Rs 40,000 crore cash deposits so far

Fri, Nov 11, 2016

Till Thursday, SBI saw cash deposits of Rs 31000 crore out of which Rs 700 crore were exchanged. In its Q2 review meeting held today, the bank said on Friday till now it has received Rs 22,000 crore of cash deposits and out of which Rs 723 crore were exchanged.

Huge queues gather outside banks to exchange old Rs 500, 1000 notes

Huge queues gather outside banks to exchange old Rs 500, 1000 notes

Thu, Nov 10, 2016

After banks announced extended work timings for November 10 and November 11, people woke up early Wednesday morning to queue up in front of them to exchange their old currencies.

Debit Card Fraud: ICICI Bank denies breach within its network

Debit Card Fraud: ICICI Bank denies breach within its network

Tue, Nov 08, 2016

Assuring its customer, ICICI Bank added," Nevertheless the bank has taken steps to preserve the interests of its customers and continues to pursue the matter for enabling effective remediation through authorized channels.

After SBI, ICICI Bank trims it's home loan rate

After SBI, ICICI Bank trims it's home loan rate

Thu, Nov 03, 2016

he bank's entire floating rate in regards to home loan is benchmarked to 1 year MCLR of 8.95%.

SBI cuts home loan interest rates

SBI cuts home loan interest rates

Wed, Nov 02, 2016

As per its website, home loan for women will be 20 basis points above 1 year marginal cost of lending rate which translates it into 9.10%. Interest rate on home loans below Rs 75 lakhs for others will be available at 9.15% - which is 25 basis points above its benchmark.

SBI, ICICI Bank cut lending rates

SBI, ICICI Bank cut lending rates

Sat, Oct 29, 2016

Top two lenders in the country, State Bank of India (SBI) and ICICI Bank, announced a cut of 0.15% and 0.10% in their lending rates, respectively, under a new system of computation, signalling a further dip in borrowing costs ahead of the busy season.

Banking shares trade positive despite data security breach issue

Banking shares trade positive despite data security breach issue

Thu, Oct 20, 2016

A PTI report said,"All the bankers were quick to claim that the breach has not led to any monetary losses to anyone and all the measures being taken are to safeguard the system against any potential threat."

SBI blocks 6 lakh debit cards over security breach

SBI blocks 6 lakh debit cards over security breach

Wed, Oct 19, 2016

Six lakh State Bank of India (SBI) debit cards have been blocked due to a security breach that occurred in a 'non-SBI' ATM network.

NSE gets approval for an IPO

NSE gets approval for an IPO

Thu, Oct 06, 2016

Earlier, Chitra Ramkrishna, CEO of NSE on Business Standard said, The National Stock Exchange of India (NSE) will adhere to its plan of going public early next year so that it can give shareholders an opportunity to exit.”

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