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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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SBI to raise Rs 5,681 crore from preferential issue to government

SBI to raise Rs 5,681 crore from preferential issue to government

Fri, Nov 25, 2016

State Bank of India on Friday said it will raise Rs 5,681 crore by issuance of preferential shares to the central government, its majority shareholder.

Demonetisation: SBI waives merchant discount rate on Master, Visa debit cards

Demonetisation: SBI waives merchant discount rate on Master, Visa debit cards

Fri, Nov 25, 2016

State Bank of India (SBI) on Thursday said it has waived merchant discount rate (MDR) on Master and Visa debit cards, having already done so on RuPay debit cards last week to promote digital payments.

State Bank of India launches 'SBI Pay' app

State Bank of India launches 'SBI Pay' app

Thu, Nov 24, 2016

With an aim to support the government's ongoing move to shift Indians to cashless payments system, State Bank of India (SBI) launched an 'SBI Pay' app on Wednesday.

WATCH: Top 5 stories of this afternoon; From fall in key Indian equity market indices to SBI slashing rates up to 1.9%

WATCH: Top 5 stories of this afternoon; From fall in key Indian equity market indices to SBI slashing rates up to 1.9%

Thu, Nov 24, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of this afternoon: 1. Ahead of November F&O expiry markets fall

Demonetisation: SBI cuts bulk deposit rates by up to 1.9%

Demonetisation: SBI cuts bulk deposit rates by up to 1.9%

Thu, Nov 24, 2016

Days after Prime Minister Narendra Modi signalled that rates are on the way down, State Bank of India (SBI) on Wednesday slashed bulk deposit rates by up to 1.9% taking advantage of the surge in deposits following demonetisation.

ATMs will be re-calibrated with new Rs 500, Rs 2,000 notes within 2 weeks: Arun Jaitley

ATMs will be re-calibrated with new Rs 500, Rs 2,000 notes within 2 weeks: Arun Jaitley

Sat, Nov 12, 2016

Finance Minister Arun Jaitley said that the total deposits in all banks must be around Rs 2-2.25 lakh crore after the demonetisation task started.

Demonetization aftermath: SBI records nearly Rs 40,000 crore cash deposits so far

Demonetization aftermath: SBI records nearly Rs 40,000 crore cash deposits so far

Fri, Nov 11, 2016

Till Thursday, SBI saw cash deposits of Rs 31000 crore out of which Rs 700 crore were exchanged. In its Q2 review meeting held today, the bank said on Friday till now it has received Rs 22,000 crore of cash deposits and out of which Rs 723 crore were exchanged.

SBI says has sufficient Rs 100 notes in ATMs, branches

SBI says has sufficient Rs 100 notes in ATMs, branches

Wed, Nov 09, 2016

State Bank of India said on Wednesday that its branches will remain open tomorrow with extended hours of work up till 6 pm.

India abolishes larger banknotes in fight against graft, 'black money'

India abolishes larger banknotes in fight against graft, 'black money'

Wed, Nov 09, 2016

Prime Minister Narendra Modi on Tuesday announced that 500 and 1,000 rupee banknotes would be withdrawn from circulation at midnight to crack down on rampant corruption and counterfeit currency

HDFC, ICICI Bank cut home loan rate by 0.15%

HDFC, ICICI Bank cut home loan rate by 0.15%

Fri, Nov 04, 2016

Joining the rate cut war, biggest mortgage firm HDFC and private sector lender ICICI Bank on Thursday cut home loan rates by 0.15%, a move that may be followed by other lenders.

SBI cuts home loan interest rates

SBI cuts home loan interest rates

Wed, Nov 02, 2016

As per its website, home loan for women will be 20 basis points above 1 year marginal cost of lending rate which translates it into 9.10%. Interest rate on home loans below Rs 75 lakhs for others will be available at 9.15% - which is 25 basis points above its benchmark.

Key Indian equity market indices open in red

Key Indian equity market indices open in red

Thu, Oct 27, 2016

The barometer 30-scrip sensitive index (Sensex) dipped by 254.91 points or, 0.91 per cent at the closing. In the day`s trade, the index touched a high of 28,050.55 points and a low of 27,759.56 points. The Nifty, was also down by 76.05 points, or 0.88 per cent.

Top nine cos add Rs 30,034 crore in market valuation

Top nine cos add Rs 30,034 crore in market valuation

Sun, Oct 23, 2016

Nine of the 10 most valued Indian companies together added Rs 30,034.14 crore to their market valuation last week, with IT major TCS topping the chart.

Debit Card Fraud: Use card protection services to save yourself

Debit Card Fraud: Use card protection services to save yourself

Fri, Oct 21, 2016

After the recent financial data security breach which allegedly compromised about 32 lakh accounts, banks are taking steps to protect their customers from the financial fraud occurring via ATM, debit and credit cards.

ICICI Bank, Kotak Bank, others issue SMSes to customers to curb financial fraud

ICICI Bank, Kotak Bank, others issue SMSes to customers to curb financial fraud

Thu, Oct 20, 2016

In a move to curb the ongoing financial data breach occurring via ATM, debit and credit cards, banks in India have started issuing SMS notifications to customers advising them to change passwords of their cards on an immediate basis.

Key Indian equity market indices open in green

Key Indian equity market indices open in green

Thu, Oct 20, 2016

On Wednesday, profit booking, negative global indices and caution over the ongoing quarterly results season pulled the Indian equity markets down.

Banks take measures to curb potential data security breach

Banks take measures to curb potential data security breach

Thu, Oct 20, 2016

A suspected breach of data security of a city-based private sector lender a few months back has led to pre-emptive steps being taken by other banks to thwart any potential troubles, bankers said on Wednesday.

Snapdeal starts 2nd season of 'Unbox Diwali Sale' from Oct 12

Snapdeal starts 2nd season of 'Unbox Diwali Sale' from Oct 12

Wed, Oct 12, 2016

After finishing first season of its Diwali sale last week, Snapdeal has announced the second season of its 'Unbox Diwali Sale' starting this Wednesday. Its 'Unbox Diwali Sale' will start from October 12 and will last till October 14.

India eyes merger of two big state-run banks after debt cleanup

India eyes merger of two big state-run banks after debt cleanup

Tue, Oct 11, 2016

India may merge two large state banks in the coming fiscal year once a cleanup of bad assets has run its course, the official overseeing a turnaround of the sector told Reuters, days before a new process to resolve stressed assets goes live.

SBI says 'consistently' passed on RBI's rate cut to borrowers

SBI says 'consistently' passed on RBI's rate cut to borrowers

Mon, Oct 10, 2016

"Of the 175 bps (1.75 per cent) cut that the Reserve Bank (RBI) has done, we as a bank have passed on 95 bps (0.95 per cent). More will get passed on in the near term rather than in the longer term," Bhattacharya said in an interview to CNBC TV18.

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