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Air India to sell 2 properties to SBI, may fetch Rs 50 crore
Sun, Nov 05, 2017
Scouting for funds, Air India is in advanced discussions with public sector lender SBI for sale of at least two residential properties that could net nearly Rs 50 crore, airline and banking sources said.
SBI cuts fixed deposit rate by 25 bps; Here's what you need to know
Wed, Nov 01, 2017
A day after slashing MCLR, the State Bank of India (SBI) also reduced its fixed deposits rate by 25 basis points for less than Rs 1 crore on various tenure with effects from Wednesday.
After SBI's 5 bps cut in MCLR; two more banks follow suit
Tue, Oct 31, 2017
MCLR was introduced on from April 2016 with an aim to ensure that the banks pass on the benefits of RBI's rate cut to their customer in faster pace.
SBI General Insurance net zooms to Rs 251 crore on one-time income in Q2
Sun, Oct 29, 2017
A one-time income of Rs 170 crore from its reinsurance portfolio pushed up the net profit of SBI General Insurance to a massive Rs 251 crore in the September quarter, from Rs 5.5 crore in the year-ago period.
Indian banking shares surge on govt's PSB recapitalisation plan
Wed, Oct 25, 2017
SBI shares rose more than 20%, while PNB shares surged more than 33%.
State Bank of India's asset quality likely to remain stable ahead; SMEs, Agriculture pose risk
Mon, Oct 16, 2017
SBI is considered among the most important banks in India. Despite of stress seen in assets during Q1FY18, this bank still has the potential to overcome its NPA issue in coming quarters.
SBI launches SME Assist for enterprises hurting from GST transition
Thu, Oct 12, 2017
Since GST's inception industrialist have been complaining that their business operations have slowdown and working capital requirement were hampered.
Stake sale in insurance arms may help banks with their NPAs
Thu, Oct 05, 2017
IPO market is seen on a bull run this year, analysts believe for sectors like insurance, stock exchanges and AMCs this is a well place market.
Rajnish Kumar is the new chairman of State Bank of India
Wed, Oct 04, 2017
The chairman's term was coming to an end this week and Rajnish Kumar, MD at SBI was a front runner for her chair.
SBI revises service charges for Monthly Average Balance; six categories of accounts exempted
Mon, Sep 25, 2017
State Bank of India also decided to treat the metro and urban centres in the same category and the requirement of MAB in metro centres stands reduced to Rs 3000 from Rs 5000 earlier.
SBI Life Insurance IPO fully subscribed on last day of offer
Fri, Sep 22, 2017
SBI Life Insurance, a subsidiary of State Bank of India (SBI) has set price band in the range of Rs 685-700 per piece.
From home loans to recurring deposits queries; SBI's SIA will answer it all for you
Tue, Sep 05, 2017
SBI Intelligent Assistant - is a chatbot which answers retail product related queries for its customers.
SBI Life Insurance may launch IPO in this month; aims to raise Rs 8000 crore
Tue, Sep 05, 2017
The company is expecting approval from Securities and Exchange Board of India (Sebi) and Insurance Regulatory and Development Authority of India (IRDAI) in this week.
FinMin writes to heads of PSU banks on consolidation
Sun, Sep 03, 2017
The finance ministry has written letters to all heads of PSU lenders informing them the government's decision to set up a ministerial panel to facilitate consolidation in the public banking space.
SBI waives of up to 100% processing fee charge on various loans
Mon, Aug 21, 2017
Ahead of festive season, the bank waived of processing fee on car loans, personal gold loans and personal loans.
Defaulters owe 27% of total amount to SBI alone, PNB next
Sun, Aug 20, 2017
The total outstanding loans by wilful defaulters rose to Rs 92,376 crore at the end of financial year 2016-17, from Rs 76,685 crore at the end of last fiscal 2015-16 -- up 20.4%.
Bad News: HDFC Bank cuts savings account interest rate by 50 basis points
Thu, Aug 17, 2017
Customers having balance account below Rs 50 lakh will earn interest rates the new interest rate of 3.50% per annum - a 50 basis points cut from previous rate.
Thousands transferred, branches closed, but no major protests in SBI
Tue, Aug 15, 2017
Even the unions that strongly opposed the merger of six banks with SBI and were apprehensive about treatment of incoming staff by the SBI management agree that there is not much of vindictive or arbitrary movement of people till now, making one wonder as to how and why this happened.
SBI consolidated Q1 net profit at Rs 3032 crore; gross NPAs rise to 9.97%
Fri, Aug 11, 2017
SBI posted net profit of Rs 3,031.88 crore rising by 189.85% compared to Rs 1,046 crore in the corresponding period of the previous year.
SBI rate cut: Here are 11 banks who continue to offer higher savings interest rates
Tue, Aug 01, 2017
With State Bank of India (SBI) announcing the revision of interest rates on savings account for balances of Rs 1 crore and below, other banks likely to follow suit.