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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 get board approval for associate banks' merger

SBI get board approval for associate banks' merger

Thu, Sep 29, 2016

SBI stated, this merger will add upto nearly Rs 8 lakh crore in its assets portfolio which will make its total assets upto Rs 30 lakh crore.

New lending norms may nudge banks towards retail loans: SBI

New lending norms may nudge banks towards retail loans: SBI

Sun, Sep 11, 2016

"The latest norms regarding lending to large corporates make corporate lending more costly both for banks as well as the borrowing companies," Bhattacharya told PTI in an interview.

BSE IPO: Singapore Exchange may sell its entire stake

BSE IPO: Singapore Exchange may sell its entire stake

Sun, Sep 11, 2016

The shareholders are likely to sell nearly 27% of the entire in the IPO offer through the Offer For Sale route (OFS). It is likely that the Singapore Exchange may sell its entire 4.7% holding in the domestic exchange in the IPO.

Flipkart disburses over Rs 125 crore to sellers in loan program

Flipkart disburses over Rs 125 crore to sellers in loan program

Thu, Aug 25, 2016

Sellers from the Mobile, Electronics, Fashion and Fashion accessories are the few categories that witnessed the highest adoption for the program.

SBI's merger with subsidiaries will increase bank's coverage area: Bhattacharya

SBI's merger with subsidiaries will increase bank's coverage area: Bhattacharya

Thu, Aug 25, 2016

State Bank of India's (SBI) merger with five associate banks will increase the bank's coverage area and productivity of its employees, said SBI's chairperson Arundhati Bhattacharya in a recent one-on-one interview with Zee Business news channel.

WATCH: Top 5 stories of this morning; From rise in markets ahead of Aug expiry to banks to auction Kingfisher Airlines brands today

WATCH: Top 5 stories of this morning; From rise in markets ahead of Aug expiry to banks to auction Kingfisher Airlines brands today

Thu, Aug 25, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of this morning: 1. Markets rise ahead of August expiry

ED registers new money laundering case against Vijay Mallya

ED registers new money laundering case against Vijay Mallya

Wed, Aug 24, 2016

In more trouble for businessman Vijay Mallya, the Enforcement Directorate (ED) has registered a fresh money laundering case against him and his associates to investigate the alleged loan default of Rs 6,027 crore availed from a consortium of nationalised banks, a case taken over by Central Bureau

JNPT inks pact with SBI, DBS for Rs 2600 crore loan

JNPT inks pact with SBI, DBS for Rs 2600 crore loan

Tue, Aug 23, 2016

The two parties will exchange the documents tomorrow.

SBI says will gain $120 billion in assets from takeover of units

SBI says will gain $120 billion in assets from takeover of units

Sat, Aug 20, 2016

State Bank of India (SBI), the nation's biggest lender by assets, will gain $120 billion (nearly Rs 7.98 lakh crore) in assets following its merger with associate banks and Bharatiya Mahila Bank (BMB), the lender said in a statement on Saturday.

Bank unions to observe nationwide strike on September 2

Bank unions to observe nationwide strike on September 2

Fri, Aug 19, 2016

All banks in India will go on nationwide strike on September 2 in a move to protest against anti-worker labour reforms, All India Bank Employees' Association (AIBEA) said in its latest press release.

Investors give thumbs up to SBI and associates; Mysore loses 10%

Investors give thumbs up to SBI and associates; Mysore loses 10%

Fri, Aug 19, 2016

After this merger, SBI's asset base would increase by Rs 37 lakh crore which is 5 times higher than ICICI Bank which has asset base of Rs 7.15 lakh crore.

WATCH:Top 5 stories of this morning; From Infosys to relocate 3,000 employees to RJio approaches TRAI over license breach by telcos

WATCH:Top 5 stories of this morning; From Infosys to relocate 3,000 employees to RJio approaches TRAI over license breach by telcos

Wed, Aug 17, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of this morning: 1. SGX Nifty in red amid weak global cues

Bank strike hits operations; branches to remain open full day on July 30

Bank strike hits operations; branches to remain open full day on July 30

Fri, Jul 29, 2016

Services at around 80,000 bank branches in the country were hit on Friday as employees of public sector banks went on one-day strike to protest the proposed merger of State Bank of India (SBI) associates with the parent and other issues.

Initial hiccups aside, these Payment Banks are closer to reality

Initial hiccups aside, these Payment Banks are closer to reality

Mon, Jul 25, 2016

From the total 11 applicants in an in-principle licence, four are expected to start its operations soon.

Failed first attempt: SBI drops Kingfisher logo's reserve price

Wed, Jul 20, 2016

Experts said that high reserve price could be the reason for no show of any potential bidder.

NPAs ratio in public sector banks up 9% in FY16

NPAs ratio in public sector banks up 9% in FY16

Tue, Jul 19, 2016

Bad loans in the public sector and scheduled commercial banks of India have risen in FY16 on the back of sluggish domestic growth, slowdown in recovery of the global economy and fall in exports.

Supreme Court to hear banks plea against Vijay Mallya on July 18

Supreme Court to hear banks plea against Vijay Mallya on July 18

Thu, Jul 14, 2016

The Supreme Court (SC) said on Thursday that it would hear the contempt petition filed by a consortium of banks against businessman Vijay Mallya on July 18.

Public sector bank employees to go on strike from July 12

Public sector bank employees to go on strike from July 12

Sun, Jul 10, 2016

Banking operations could be hit for two days this week as a section of public sector bank employees have threatened to go on a nationwide strike beginning July 12 to protest against the proposed merger of SBI associates and privatisation of IDBI Bank.

Govt likely to make first round of capital infusion in PSBs within next few weeks

Govt likely to make first round of capital infusion in PSBs within next few weeks

Mon, Jul 04, 2016

The Finance Ministry has finalised plan for the first round of capital infusion for public sector banks and funds would be granted to some of the lenders within next few weeks.

SBI inks deal with World Bank worth Rs 4,200 crore to support solar programme

SBI inks deal with World Bank worth Rs 4,200 crore to support solar programme

Sat, Jul 02, 2016

The agreements were signed by Karnam Sekar, Deputy Managing Director, SBI and Onno Ruhl, Country Director, World Bank India.

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