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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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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.

SBI, ICICI Bank cut lending rates

SBI, ICICI Bank cut lending rates

Sat, Oct 29, 2016

Top two lenders in the country, State Bank of India (SBI) and ICICI Bank, announced a cut of 0.15% and 0.10% in their lending rates, respectively, under a new system of computation, signalling a further dip in borrowing costs ahead of the busy season.

Banking shares trade positive despite data security breach issue

Banking shares trade positive despite data security breach issue

Thu, Oct 20, 2016

A PTI report said,"All the bankers were quick to claim that the breach has not led to any monetary losses to anyone and all the measures being taken are to safeguard the system against any potential threat."

SBI blocks 6 lakh debit cards over security breach

SBI blocks 6 lakh debit cards over security breach

Wed, Oct 19, 2016

Six lakh State Bank of India (SBI) debit cards have been blocked due to a security breach that occurred in a 'non-SBI' ATM network.

NSE gets approval for an IPO

NSE gets approval for an IPO

Thu, Oct 06, 2016

Earlier, Chitra Ramkrishna, CEO of NSE on Business Standard said, The National Stock Exchange of India (NSE) will adhere to its plan of going public early next year so that it can give shareholders an opportunity to exit.”

SBI get board approval for associate banks' merger

SBI get board approval for associate banks' merger

Thu, Sep 29, 2016

SBI stated, this merger will add upto nearly Rs 8 lakh crore in its assets portfolio which will make its total assets upto Rs 30 lakh crore.

New lending norms may nudge banks towards retail loans: SBI

New lending norms may nudge banks towards retail loans: SBI

Sun, Sep 11, 2016

"The latest norms regarding lending to large corporates make corporate lending more costly both for banks as well as the borrowing companies," Bhattacharya told PTI in an interview.

BSE IPO: Singapore Exchange may sell its entire stake

BSE IPO: Singapore Exchange may sell its entire stake

Sun, Sep 11, 2016

The shareholders are likely to sell nearly 27% of the entire in the IPO offer through the Offer For Sale route (OFS). It is likely that the Singapore Exchange may sell its entire 4.7% holding in the domestic exchange in the IPO.

Flipkart disburses over Rs 125 crore to sellers in loan program

Flipkart disburses over Rs 125 crore to sellers in loan program

Thu, Aug 25, 2016

Sellers from the Mobile, Electronics, Fashion and Fashion accessories are the few categories that witnessed the highest adoption for the program.

SBI's merger with subsidiaries will increase bank's coverage area: Bhattacharya

SBI's merger with subsidiaries will increase bank's coverage area: Bhattacharya

Thu, Aug 25, 2016

State Bank of India's (SBI) merger with five associate banks will increase the bank's coverage area and productivity of its employees, said SBI's chairperson Arundhati Bhattacharya in a recent one-on-one interview with Zee Business news channel.

WATCH: Top 5 stories of this morning; From rise in markets ahead of Aug expiry to banks to auction Kingfisher Airlines brands today

WATCH: Top 5 stories of this morning; From rise in markets ahead of Aug expiry to banks to auction Kingfisher Airlines brands today

Thu, Aug 25, 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 morning: 1. Markets rise ahead of August expiry

ED registers new money laundering case against Vijay Mallya

ED registers new money laundering case against Vijay Mallya

Wed, Aug 24, 2016

In more trouble for businessman Vijay Mallya, the Enforcement Directorate (ED) has registered a fresh money laundering case against him and his associates to investigate the alleged loan default of Rs 6,027 crore availed from a consortium of nationalised banks, a case taken over by Central Bureau

JNPT inks pact with SBI, DBS for Rs 2600 crore loan

JNPT inks pact with SBI, DBS for Rs 2600 crore loan

Tue, Aug 23, 2016

The two parties will exchange the documents tomorrow.

SBI says will gain $120 billion in assets from takeover of units

SBI says will gain $120 billion in assets from takeover of units

Sat, Aug 20, 2016

State Bank of India (SBI), the nation's biggest lender by assets, will gain $120 billion (nearly Rs 7.98 lakh crore) in assets following its merger with associate banks and Bharatiya Mahila Bank (BMB), the lender said in a statement on Saturday.

Bank unions to observe nationwide strike on September 2

Bank unions to observe nationwide strike on September 2

Fri, Aug 19, 2016

All banks in India will go on nationwide strike on September 2 in a move to protest against anti-worker labour reforms, All India Bank Employees' Association (AIBEA) said in its latest press release.

Investors give thumbs up to SBI and associates; Mysore loses 10%

Investors give thumbs up to SBI and associates; Mysore loses 10%

Fri, Aug 19, 2016

After this merger, SBI's asset base would increase by Rs 37 lakh crore which is 5 times higher than ICICI Bank which has asset base of Rs 7.15 lakh crore.

WATCH:Top 5 stories of this morning; From Infosys to relocate 3,000 employees to RJio approaches TRAI over license breach by telcos

WATCH:Top 5 stories of this morning; From Infosys to relocate 3,000 employees to RJio approaches TRAI over license breach by telcos

Wed, Aug 17, 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 morning: 1. SGX Nifty in red amid weak global cues

Bank strike hits operations; branches to remain open full day on July 30

Bank strike hits operations; branches to remain open full day on July 30

Fri, Jul 29, 2016

Services at around 80,000 bank branches in the country were hit on Friday as employees of public sector banks went on one-day strike to protest the proposed merger of State Bank of India (SBI) associates with the parent and other issues.

Initial hiccups aside, these Payment Banks are closer to reality

Initial hiccups aside, these Payment Banks are closer to reality

Mon, Jul 25, 2016

From the total 11 applicants in an in-principle licence, four are expected to start its operations soon.

Failed first attempt: SBI drops Kingfisher logo's reserve price

Wed, Jul 20, 2016

Experts said that high reserve price could be the reason for no show of any potential bidder.

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