Wed, Jan 17, 2024
In a shift of positions, Life Insurance Corporation of India (LIC) has regained its status as the most valued listed public sector undertaking (PSU) by market capitalisation, surpassing State Bank of India (SBI). As of Jan 17, LIC reached a market cap of Rs 5.64 lakh crore, exceeding SBI's Rs 5.63 lakh crore.
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Fri, Dec 15, 2023
State Bank of India (SBI) soars near its peak as it snaps up shares in a packaging company and hikes lending rates! Discover why investors are bullish on the banking giant, what the Canpac Trends acquisition means, and how the MCLR increase affects your loans. Plus, hear from analysts predicting even higher SBI prices.
Mon, Mar 30, 2020
SBI Life COVID-19 death claim: If you have an insurance policy with SBI Life Insurance, here are some very useful tips for you with regards to making COVID-19 death claim
Thu, Jan 25, 2018
Eleven weak banks facing prompt corrective action (PCA) are to be given a total of Rs 52,311 crore to maintain their minimum capital requirement, while nine strong banks will get Rs 35,828 crore.
Wed, Jan 24, 2018
People in India were watching these ads the most on Youtube.
The market-wide rollovers in the previous session stood at 36 per cent, which were in line with the average rollovers for the last three series.
Mon, Jan 22, 2018
SBI's employee strength came down to 2,69,219 as of end-September 2017 compared to 2,79,803 at the beginning of the financial year — a decline of 10,584.
Fri, Jan 19, 2018
Market breadth, indicating the overall health of the market, turned positive. On the BSE, 1,368 shares gained, 1,210 shares declined, while 111 shares remained unchanged.
Thu, Jan 18, 2018
Brokerage Edelweiss Securities noted the move would raise the probability of inclusion in MSCI and higher weights for private banks, which were near the FII threshold limit.
The rally was led by banking stocks with the Nifty PSU Bank (up 1.8 per cent) being the leading sectoral gainer, followed by Nifty Bank (up 1.6 per cent).
Wed, Jan 17, 2018
The move to increase MCLR comes days after the nation's largest lender SBI had lowered its rates
Mon, Jan 15, 2018
Transfast is a network that covers over 6 billion people across 120+ countries – for inward remittance from the US to India.
Thu, Jan 11, 2018
Country's largest lender State Bank of India (SBI) plans to raise Rs 20,000 crore through long term bonds to fund affordable housing. SBI had earlier proposed to raise Rs 5,000 crore for the purpose.
Mon, Jan 08, 2018
Country's largest lender State Bank of India plans to raise up to USD 2 billion (over Rs 12,600 crore) by issuing bonds in US dollar or other convertible currency.
Fri, Jan 05, 2018
The 30-share index rose 100.48 points, or 0.29 per cent, to 34,070.12, with all sectoral indices led by PSU, consumer durables, auto and metal trading in the positive zone, rising by up to 0.57 per cent.
Thu, Jan 04, 2018
The 30-share index rebounded by 123.37 points, or 0.36 per cent, to 33,916.75. The gauge had lost 263.45 points in the previous three sessions.
Wed, Jan 03, 2018
This move is aimed to make the political funding more transparent as presently all the funding are in the name of anonymous cash donations.
Tue, Jan 02, 2018
A total of 28 accounts were identified by the RBI as wilful defaulters of lenders, which are facing heavy stressed assets in their balance sheet.
Mon, Jan 01, 2018
Key highlights:
Wed, Dec 27, 2017
State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB) and Life Insurance Corporation (LIC) are having their own mutual funds and at the same time they hold 18.24 per cent stake each in UTI AMC.
Mon, Dec 11, 2017
Benchmark BSE Sensex advanced by 195 points in early session today on continuous buying by domestic institutional investors amid strong global leads. The NSE Nifty also went past the 10,300-mark.
Sun, Dec 10, 2017
Post the merger of its five associates, State Bank of India has changed names and IFSC codes of nearly 1,300 of its branches.
Wed, Dec 06, 2017
The wider Nifty hit a low of 10,033.35 before finishing at 10,044.10, down 74.15 points or 0.73 per cent. It had touched a high of 10,104.20 in early trade.
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