SBI

LIC Overtakes SBI in Market Capitalisation, Resumes Top PSU Position

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.

More >

SBI Shares Hit Close to 52-Week High Post Acquiring Canpac Trends | Stock Market News

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.

More >

SBI Life COVID-19 death claim: Useful coronavirus tips to make SBI Life Insurance claim

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

More >

Wilful loan defaulters can't bid to buy back their assets

Thu, Nov 23, 2017

Under the revised rules, borrowers whose loan accounts are classed as non-performing for a year or more will not be eligible to bid for the assets in bankruptcy proceedings

More >

SBI customers link your Aadhaar with bank account by December 2017 end; Here's how you can

Sun, Nov 19, 2017

The centre recently has stated that existing bank accounts will not be made non-operational for not linking with Aadhaar. It added for existing account holders, the deadline for Aadhaar based verification is being extended to March 31 and no coercive action will be taken till then.

More >

Moody's upgrade to benefit financial sector the most: Bankers

Fri, Nov 17, 2017

On the rating revision of SBI and four other banks, SBI chairman Rajnish Kumar said this indicates that the country's financial system remains resilient and robust and poised to support growth

More >

Moody's raises India's ratings from Baa3 to Baa2; here's what experts have to say

Fri, Nov 17, 2017

More >

Moody's upgrades 4 Indian financial institutions' ratings

Fri, Nov 17, 2017

The latest actions follow the upgrade of the India's local and foreign currency issuer ratings to Baa2 from Baa3 

More >

Post merger: SBI cuts staff by atleast 10,500 in 1HFY18

Mon, Nov 13, 2017

In 1991, it was suggested that India should have fewer but strong PSBs. Though it was only in May 2016 that effective action to consolidate state-owned banks struck headlines with six associate banks getting merged into State Bank of India.

More >

Have SBI debit card; Here's a list of charges you need to remember

Sun, Nov 12, 2017

SBI offers you the convenience of more than 43,000 ATMs in India, the largest network in the country. 

More >

6 of top-10 most valued companies lose Rs 60,422 crore in market cap

Sun, Nov 12, 2017

While Reliance Industries Ltd (RIL), HDFC Ltd, ITC, HDFC Bank, Maruti Suzuki India and ONGC suffered losses in their market capitalisation (m-cap) for the week ended Friday, TCS, HUL, Infosys and State Bank of India (SBI) saw a jump in their valuation.

More >

Mumbai to host Asian Bankers Association summit for first time

Sun, Nov 12, 2017

The two-day conference will be held in the megapolis from November 16 and will be hosted by State Bank, with the theme of 'Asia's turn to transform', SBI said.

More >

State Bank of India profit crosses Rs 1,800 crore in Q2

Fri, Nov 10, 2017

State Bank of India second quarter (Q2 FY18) consolidated profit rises to Rs 1,840.4 crore from Rs 20.7 crore a year ago. However standalone profit of the bank dropped 38% to Rs 1,582 crore in the July to September quarter.

More >

State Bank of India eyes profitable expansion outside home

Thu, Nov 09, 2017

State Bank of India (SBI) will open more branches in Nepal and consider options to re-enter Vietnam under a three-year goal to grow its international operations to as much as 15 percent of total business, a senior executive said.

More >

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.

More >

Jio's success helps Reliance overtake Airtel, grabs second spot in 2017 brand value list

Thu, Nov 02, 2017

Reliance Industries saw its brand value grow by 9% during the year to stand at Rs 38,212 crore in 2017.

More >

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.  

More >

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%.

More >

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. 

More >

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. 

More >

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.

More >

Vijay Mallya arrested in London in money laundering case; secures bail immediately

Tue, Oct 03, 2017

Liquor baron Vijay Mallya has been arrested in London for the second time this year in a money laundering case, a Doordarshan report claimed on Tuesday. However, he secured a bail immediately after.  In April 2017, Mallya was arrested as per India’s expedition request.

More >

These rules of SBI will change from October 1

Sat, Sep 30, 2017

India's biggest bank SBI has changed some of its rule to give some benefit to its customers. These changed rules will come in effect from October 1. Watch to know these rules. About Zee Business --------------------------

More >