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LIC Overtakes SBI in Market Capitalisation, Resumes Top PSU Position

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.

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

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.

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

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

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Bankers take home up to Rs 10 crore per year; salaries of top five bankers in the country

Bankers take home up to Rs 10 crore per year; salaries of top five bankers in the country

Mon, Jun 26, 2017

Bankers salaries in India go up to Rs 10 crore packages with incentives and perks. Zeebiz lists out top five banks and the salary drawn by its top management in the last fiscal.

State Bank of India chief's salary zilch compared to counterparts in private banks

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.

WhatsApp in talks with SBI, NPCI for UPI payments services

WhatsApp in talks with SBI, NPCI for UPI payments services

Fri, Jun 23, 2017

WhatsApp had nearly a month back looked at ways of integrating the UPI payments with its social messaging app.

India Inc's owes Rs 27 lakh crore in loan payments

India Inc's owes Rs 27 lakh crore in loan payments

Thu, Jun 22, 2017

Despite reporting positive performance in FY17, India Inc still faces hard time repaying its debt. Outstanding loan funds reached to Rs 26.5 lakh crore in FY17.

Look for stocks of all private banks along with SBI, BOB, BOI, finance companies

Look for stocks of all private banks along with SBI, BOB, BOI, finance companies

Mon, Jun 19, 2017

This segment of Share Bazaar apprises you of the stocks which you must keep in mind while trading today. Also, discussions over various important aspects are also featured in the segment. About Zee Business --------------------------

Finance Ministry asks PSBs to explore acquisition of smaller banks

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.

Shares of banks like SBI, Punjab National Bank, others edge higher on RBI action on defaulters

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.

Have your Aadhaar number ready if you want a job at SBI

Have your Aadhaar number ready if you want a job at SBI

Mon, Jun 12, 2017

Key Highlights:

After RBI's changes in risk-weight; SBI reduces home loan rates by another 10 basis points

After RBI's changes in risk-weight; SBI reduces home loan rates by another 10 basis points

Fri, Jun 09, 2017

India's largest bank State Bank of India (SBI) has made another revision in its interest rates for home loan category. SBI has trimmed interest rates for second time in last two months.

SBI says $2.3 billion share sale satisfies capital needs for at least a year

SBI says $2.3 billion share sale satisfies capital needs for at least a year

Fri, Jun 09, 2017

SBI chief Arundhati Bhattacharya told media on Friday that the bank's capital ratios will strengthen via $2.3 billion stake sale and are adequate for at least a year and it may not have to tap equity markets.

Farm loan waiver could reach Rs 2.6 lakh crore by 2019, report claims

Farm loan waiver could reach Rs 2.6 lakh crore by 2019, report claims

Tue, Jun 06, 2017

Demand for farm loan waiver has increased in many states. It is expected that all states will write- off about $40 billion (Rs 2.6 lakh crore) of farm loans in the run up to 2019 general elections following the ruling BJP's UP and Maharashtra governments' waivers.

SBI launches share sale to raise Rs 11,000 crore

SBI launches share sale to raise Rs 11,000 crore

Tue, Jun 06, 2017

Country's largest lender State Bank of India (SBI) today opened share sale through private placement at Rs 287.58 apiece to raise Rs 11,000 crore. This is part of plans to garner Rs 15,000 crore capital from markets in the current fiscal.

SBI Card: Here are 10 key things about SBI Card Unnati

SBI Card: Here are 10 key things about SBI Card Unnati

Fri, Jun 02, 2017

SBI Card had earlier this year launched SBI Card Unnati wherein it has waived off Rs 499 on the subscription of this credit card for the first four years and users have to pay the renewal fee of Rs 499 only from the fifth year of its subscription.

RBI should be looking at a repo rate cut in June policy, says Bhattacharya

RBI should be looking at a repo rate cut in June policy, says Bhattacharya

Fri, Jun 02, 2017

RBI is set to announce its second bi-monthly monetary policy for financial year 2017-18. SBI feels a rate cut from the central bank is a must.

State Bank of India's revised service charges effective from June 1; find out what they are

State Bank of India's revised service charges effective from June 1; find out what they are

Thu, Jun 01, 2017

SBI introduces service charges right from cash withdrawal from ATMs to usage of solid or imperfect notes. State Bank Buddy customers to now Rs 25 on every cash withdrawal from ATMs.

SBI to charge Rs.30 for 10-page cheque book of basic savings account

SBI to charge Rs.30 for 10-page cheque book of basic savings account

Thu, Jun 01, 2017

SBI to charge Rs.30 for 10-page cheque book of basic savings account. Watch complete news story of News @ 7:00 PM for getting the detailed news updates!

NPA resolution: Banks seek relaxation in S4A scheme

NPA resolution: Banks seek relaxation in S4A scheme

Wed, May 31, 2017

Bankers have also requested the regulator to allow them to extend repayment schedule and reduce rate of interest under the scheme. These are not allowed in the exiting S4A guidelines.

Finance Ministry initiates process for finding new State Bank of India's chief

Finance Ministry initiates process for finding new State Bank of India's chief

Sun, May 28, 2017

As SBI's chief Arundhati Bhattacharya's extended four-year term comes to an end on October 6 this year, the Finance Ministry has initiated the process for finding new chief for the bank.

Interest Rate Cut: Here's how you can repay your existing home loan

Interest Rate Cut: Here's how you can repay your existing home loan

Sat, May 27, 2017

As the banks have reduced their interest rates on home loans, find out how you can repay your existing home loan by shifting to new bank offering cost-effective home loan interest rates.

Air India plans to raise Rs 80 crore through sale of 7 properties via e-auction process

Air India plans to raise Rs 80 crore through sale of 7 properties via e-auction process

Mon, May 22, 2017

Air India on Monday announced to sell its exclusive properties in the form of land parcels/built-up flats located at prime location in Mumbai, Bengaluru and Trivandrum through e-auction process by MSTC.

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