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State Bank of India (SBI)

How SBI Card performed on its market debut

How SBI Card performed on its market debut

Mon, Mar 16, 2020

Shares of SBI Cards and Payment Services made a weak debut, plunging nearly 13 per cent, against its issue price of Rs 755.

SBI board okays share purchase in Yes Bank for Rs 7,250 cr

SBI board okays share purchase in Yes Bank for Rs 7,250 cr

Fri, Mar 13, 2020

State Bank of India said that its Executive Committee of Central Board (ECCB) has approved the purchase of 725 crore shares in Yes Bank at Rs 10 per share

Indian Railways' South Central Zone, SBI join hands for doorstep banking - Check its benefits

Indian Railways' South Central Zone, SBI join hands for doorstep banking - Check its benefits

Tue, Jan 14, 2020

In a major step, a Memorandum of Understanding (MoU) was signed between South Central Zone of Indian Railways and State Bank of India (SBI) for Doorstep Banking for direct pickup of earnings covering all 585 Railway stations over SCR Zone.

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Bank Recruitment: These Public sector banks set to hire 1 lakh people in FY19

Bank Recruitment: These Public sector banks set to hire 1 lakh people in FY19

Mon, Dec 17, 2018

The number is more than double the number the banks hired in the last two years, according to the Team Lease estimates. Notably, PSU banks collectively hired 95,000 in last two years for positions like clerk, management trainees and probationary officers, the ET said, adding that this didn't include lateral hirings.

Want home loan? SBI will give you this discount

Want home loan? SBI will give you this discount

Sat, Dec 15, 2018

SBI used to charge Rs 10,000 on home loan as processing fee. It is now offering the service for free. This special offer is valid until 31st December 2018.

In more trouble for cash-starved Jet Airways, SBI orders forensic audit by EY

In more trouble for cash-starved Jet Airways, SBI orders forensic audit by EY

Sat, Dec 15, 2018

The bank's action comes at a time when the Naresh Goyal-promoted airline is in talks with potential investors to raising funds to tide over the liquidity crisis.

SBI Recruitment 2018: Apply for Specialist Cadre Officer post at www.sbi.co.in/careers before Dec 15

SBI Recruitment 2018: Apply for Specialist Cadre Officer post at www.sbi.co.in/careers before Dec 15

Fri, Dec 14, 2018

SBI Recruitment 2018: India's largest lender State Bank of India, has invited online application from Indian citizens for recruitment of Specialist Cadre Officer on contract basis across verticals in SBI.

Get overseas education loan from SBI Global Ed-Vantage scheme and turn your dreams into reality

Get overseas education loan from SBI Global Ed-Vantage scheme and turn your dreams into reality

Mon, Dec 10, 2018

In other words, SBI Global Ed-Vantage is an overseas education loan exclusively for those who wish to pursue full-time regular courses at foreign colleges/universities.

SBI shown the door as EPFO fund manager; deadline provided

SBI shown the door as EPFO fund manager; deadline provided

Tue, Dec 04, 2018

Following RBI norms, the country's largest lender State Bank of India will stop being a fund manager of retirement fund EPFO by March-end.

Concerns on credit supply to small biz a myth: SBI report

Concerns on credit supply to small biz a myth: SBI report

Tue, Dec 04, 2018

Economists at the country's largest lender SBI Tuesday termed concerns on credit supply to small businesses as a "myth" and said the sector has had a "stupendous" loan growth since GST.

NHPC inks pact with SBI for Rs 500 cr term-loan

NHPC inks pact with SBI for Rs 500 cr term-loan

Sun, Dec 02, 2018

The borrowed fund will be utilised to finance the capital expenditure, NHPC said in a statement.

SBI to sell 3 bad loan accounts to recover Rs 2,111 crore dues

SBI to sell 3 bad loan accounts to recover Rs 2,111 crore dues

Sun, Dec 02, 2018

Earlier on November 22, SBI held e-auction of 11 NPA accounts that had outstanding dues of Rs 1,019 crore towards the bank.

IBC is the biggest change for NPA recovery in banking history of India: Rajnish Kumar, SBI

IBC is the biggest change for NPA recovery in banking history of India: Rajnish Kumar, SBI

Thu, Nov 29, 2018

Rajnish Kumar, Chairman, SBI, in an exclusive interview with Anil Singhvi of Zee Business, talks about YONO app, NBFCs, SBI's focus towards technology and ongoing liquidity crunch as well as loan waiver culture in the country.

SBI account holder? 3 things that can get you in big trouble; don't do this, heavy penalty can be slapped on you

SBI account holder? 3 things that can get you in big trouble; don't do this, heavy penalty can be slapped on you

Mon, Nov 26, 2018

SBI has not only increased the minimum balance limit but also revised its charges for Non-maintenance of monthly average balance.

SBI's Yono app completes 1 year! Check what it offers today

SBI's Yono app completes 1 year! Check what it offers today

Sat, Nov 24, 2018

Through YONO app, you can also get heavy discounts on shoppersstop.com, Wonderchef, smytten, Thomas cooking and Croma sites.

As Kotak Mahindra Bank becomes bigger than Maruti Suzuki, Anand Mahindra says this for Uday Kotak

As Kotak Mahindra Bank becomes bigger than Maruti Suzuki, Anand Mahindra says this for Uday Kotak

Sun, Nov 18, 2018

Mahindra recalled how Kotak had started the company out of a single room in Mumbai and went on to create entrepreneurship and creation of wealth in the "RIGHT" way.

No liquidity crisis in NBFC sector: SBI Chairman

No liquidity crisis in NBFC sector: SBI Chairman

Fri, Nov 16, 2018

Replying to queries on liquidity concerns, triggered by payment defaults by the Infrastructure Leasing and Financial Services (IL&FS), Kumar said the NBFCs have managed to roll over their debts that were scheduled to mature in the near future into new debts.

Petrol, diesel prices: Cheaper drive ahead, fuel rate slashed by Rs 8.40, Rs 4.46 respectively in 30 days

Petrol, diesel prices: Cheaper drive ahead, fuel rate slashed by Rs 8.40, Rs 4.46 respectively in 30 days

Tue, Nov 13, 2018

US benchmark dollar index has its share of torturing the fuel prices in the country. There were moments where a petrol was over Rs 91 per litre and diesel above Rs 88 per litre, hitting the pockets of citizens. However, tables have turned and the current situation looks quite better than September to October 2018 month, so much so, that crude oil will now turn out to be a saviour in reducing our petrol and diesel prices.

SBI launches "Wealth Hub" in Mangaluru

Sun, Oct 21, 2018

The bank has re-branded its wealth business as "SBI Wealth" offering best-in-class personalised banking and investment services to its elite High Net worth Individual (HNI) clients through a dedicated team of relationship managers.

Bank holidays 2018: ATMs to be closed for 5 days? You may face cash crunch

Bank holidays 2018: ATMs to be closed for 5 days? You may face cash crunch

Tue, Oct 16, 2018

Banks will head into the Dussehra holidays - Navami is falling Oct 18, while Dashmi or Dussehra is on Oct 19. Therefore, on both these days, there will be a complete shut-down of banking services. Since Oct 20th will be the third Saturday of the month, the banks will not function and the next day is Sunday.

Crisis hit NBFCs put loans on sale with discounts, but banks fearful

Crisis hit NBFCs put loans on sale with discounts, but banks fearful

Wed, Oct 10, 2018

Banks are also curtailing fresh lending to NBFCs based on the external ratings. Instead, they have stepped up purchasing their portfolio to meet targets for agriculture and other priority sector lending targets.

Home loan EMIs set to soar, borrowers to suffer big money loss

Home loan EMIs set to soar, borrowers to suffer big money loss

Wed, Oct 03, 2018

Analysts and bankers believe that RBI may be all set to hike the policy rate on Friday (October 5) for third time in a row, and it is bound to trigger another round of hikes soon. Your equated monthly installments (EMIs) will be at the receiving end.

SBI account holder? Your bank just hiked loan rates; HDFC Bank and ICICI Bank set to follow

SBI account holder? Your bank just hiked loan rates; HDFC Bank and ICICI Bank set to follow

Fri, Sep 28, 2018

SBI’s move is expected to trigger revision of rates by other lenders, including HDFC Bank and ICICI Bank. With credit growth picking up and deposit growth slackening, banks are forced to revise lending rates, termed as the marginal cost based lending rates (MCLR).

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