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State Bank of India News
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SBI slashes deposit rates for bank balances lower than Rs 1 crore
Mon, Jul 31, 2017
For saving deposit balance up to Rs 1 crore, the new interest rate would be 3.5%, State Bank of India said.
Jyoti Structures: NCLT admits corporate insolvency resolution process filed by SBI
Mon, Jul 24, 2017
Jyoti Structures which owes over Rs 7,000 crore to a list of bankers said on Monday that NCLT has admitted CIRP filed by SBI to whom its owes over Rs 1,200 crore.
Electrosteel bankruptcy: NCLT appoints interim resolution
Sat, Jul 22, 2017
The Kolkata bench of NCLT appointed Dhaivat Anjaria as IRP for ascertaining the particulars and convene a committee of creditors for evolving the resolution plan of the creditors.
NCLT allows Essar Steel to file objections to SBI, SCB pleas
Wed, Jul 19, 2017
The Ahmedabad bench of the tribunal of judicial member Bikki Raveendra Babu granted time to Essar Steel till July 22 to file objections to the petitions moved by the two lenders against the company after the Gujarat High Court dismissed its petition yesterday.
SBI's various charges on cash withdrawals; here's the list
Tue, Jul 18, 2017
As per SBI the charges are levied for the cost involved in handling the transaction and the attendant work. Govt has received various complain from public in regards to imposition of charges on frequent banking.
Essar's steely resolve or road to liquidation?
Tue, Jul 18, 2017
After Gujarat HC dismissed Essar Steel's petition against RBI and lenders, Insolvency & Bankruptcy code (IBC), 2016 will commence immediately giving 180 days to make resolution plan.
From best deals on homes to loans; this is what SBI Realty is all about
Tue, Jul 18, 2017
In a move to strengthen its home loans category, the State Bank of India has launched a "SBI Reality" which makes it easier for a customer to view various options on homes and loans.
Number of PSBs may go down to 12 as govt mulls consolidation
Sun, Jul 16, 2017
Finance Minister Arun Jaitley said the government is "actively working" towards consolidation of public sector banks but declined to provide details, saying this was a price-sensitive information.
Action against Essar Steel based on internal panel's advice, RBI tells Gujarat HC
Sat, Jul 15, 2017
A single bench judge bench of Justice S.G. Shah is hearing a petition filed by the steel major on July 4 seeking quashing of insolvency proceedings, claiming that the action was unilaterally initiated without giving it a hearing at a time when the company was in a major restructuring mode.
SBI cuts money transfer charges for NEFT and RTGS by up to 75%; see full list
Thu, Jul 13, 2017
India's largest bank the State Bank of India (SBI) on Thursday said that it is reducing charges on NEFT and RTGS money transfers by up to 75%.
SBI in Nepal launches digital village
Sun, Jul 09, 2017
The digital village initiative has been launched in Jarisingpouwa in Shankarapur Rural Municipality, 25 km east from Kathmandu.
Have zero tolerance on NPAs; fight cases: Finmin to banks
Sat, Jul 08, 2017
The ministry has been asking banks to take tough action against such borrowers and be ready to fight court cases as well.
SBI's deposit rate at 7-year low, should FDs be your only option?
Wed, Jul 05, 2017
Till now, no private banks have announced the reduction of interest rates. SBI rivals ICICI Bank and HDFC Bank still hold rates on one-year deposits under Rs 1 crore at 6.9%.
JSW keen to snap up stressed assets, to create $1-billion war chest
Thu, Jun 29, 2017
"We will look at all those assets which are stressed from an opportunity point of view and as long as they are value-accretive to shareholders," JSW Steel chairman and managing Director Sajjan Jindal told reporters on the sidelines of the company's annual general meeting here.
SBI is ready for GST, Arundhati Bhattacharya says
Thu, Jun 29, 2017
Bhattacharya spoke on indicators like outcome of GST implementation, banks credit growth, reforms for banks bad loan resolution and present economic conditions.
State Bank of India chief's salary zilch compared to counterparts in private banks
Sun, Jun 25, 2017
SBI, one of the world's 50 largest banks, pays only a small fraction to its top management as compared to private sector players like ICICI Bank and HDFC Bank.
LIC corners 38.67% of SBI's Rs 15,000 crore QIP
Mon, Jun 19, 2017
The insurance behemoth bought 38.67% of shares put on the block via QIP by the country's largest bank earlier this month.
Finance Ministry asks PSBs to explore acquisition of smaller banks
Sun, Jun 18, 2017
The finance ministry has asked four large PSU lenders to explore opportunities for acquisition of small and mid-sized banks with a goal to create global sized lenders, sources said.
Govt policy should allow telcos to cover costs: Idea
Fri, Jun 16, 2017
Speaking to reporters after its meeting, a top Idea official said: "Government has choice of any policy...But it should cover costs. All policy framework everywhere says that cost of network should be recovered."
Shares of banks like SBI, Punjab National Bank, others edge higher on RBI action on defaulters
Wed, Jun 14, 2017
A day after the Reserve Bank of India (RBI) said that it had identified 12 of the largest loan defaulters and would order lenders to start bankruptcy proceedings against them, shares of banks like State Bank of India (SBI), Punjab National Bank, among others edged higher in the morning trade on Wednesday.