Feb 02, 2023, at 04:46 am
Jamshedpur/IBNS: Lauding the government’s increased focus on the development of capital infrastructure, Tata Steel CEO & MD T. V. Narendran called the Budget a “high-quality budget”.
Union Budget 2023: SBI, PNB Housing, Kotak Investment Advisory react
Feb 02, 2023, at 01:48 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman on Wednesday (Feb 1, 2022) tabled the Union Budget for the Financial Year 2023-24 with a major focus on capital formation with the highest outlay ever outlay of Rs 2.40 lakh crore, about 9 times the outlay made in 2013-14. In a major relief to the middle class of the country, the Basic exemption limit has been raised to Rs 3 lakh from the existing Rs 2.5 under the new income tax regime in Budget 2023-24. Tax rebate under Section 87A has been hiked from Rs 5 lakh to Rs 7 lakh.
Jan 23, 2023, at 11:28 pm
Kolkata: SBI, the country’s largest lender, has partnered with MMRDA for providing NCMC based ticketing solution for the recently commissioned Mumbai metro lines 2A and 7.
Jan 18, 2023, at 06:15 am
Mumbai/IBNS: The Government will face stiff challenges in the Budget FY24 to stick to the road map for fiscal consolidation, amidst a global environment of declining inflation, according to a report by SBI’s Group Chief Economic Adviser.
SBI signs MoU with WDRA for financing against e-NWR
Jan 16, 2023, at 11:43 pm
Kolkata: India's largest lender State Bank of India (SBI), has exchanged a Memorandum of Understanding (MoU) with Warehousing Development and Regulatory Authority (WDRA).
Govt extends the term of SBI MD Challa Sreenivasulu Setty by 2 yrs
Jan 12, 2023, at 05:06 am
Mumbai/IBNS: The government has extended the tenure of State Bank of India (SBI) Managing Director Challa Sreenivasulu Setty for two more years with effect from January 20.
SBI Funds Management Ltd appoints Shamsher Singh as MD & CEO
Dec 24, 2022, at 04:36 am
New Delhi/IBNS: SBI Funds Management Limited (SBIFML), a joint venture between the State Bank of India and Amundi, Europe’s largest asset manager, Thursday announced the appointment of Shamsher Singh as MD & CEO of SBI Funds Management Limited.
SBI to raise Rs 10,000 cr via AT1 bonds to support biz growth
Dec 15, 2022, at 08:13 am
Mumbai/IBNS: State Bank of India (SBI) is looking to raise Rs 10,000 crore via additional tier - 1 (AT1) bonds until March 2024, to fund business growth.
SBI Q2FY23 net profit soars 74 pc YOY to Rs 13,265 crore
Nov 06, 2022, at 05:52 pm
India's largest lender State Bank of India (SBI) reported a 74 percent year-on-year (Y-O-Y) jump in Q2Fy23 net profit to Rs 13,265 crore compared to Rs 7,627 crore in Q2FY22.
SBI Life Insurance registers New Business Premium of Rs 13,000 cr in Q3FY23
Oct 22, 2022, at 05:05 am
SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of Rs 13,088 crores for the period ended on September 30, 2022 vis-a-vis Rs 10,288 crores for the period ended September 30, 2021.
SBI increases retail term deposit interest rates up to 80 bps
Oct 22, 2022, at 02:29 am
State Bank of India (SBI), the country’s largest lender has revised the retail term deposits (deposit below Rs 2.00 crore) interest rates upward (up to 80 bps), effective from October 22, 2022.
SBI increases saving bank interest rates by 0.30 percent for deposits of Rs. 10 Crore and above
Oct 18, 2022, at 09:41 pm
New Delhi: State Bank of India, the largest bank in the country, has announced that it has increased the interest rates on saving bank deposits by 0.30% (30 bps) for the balance Rs. 10 crore and above.
SBI, BSE & Mission Youth join to train 5000 J&K youth in Banking & Insurance Sector: LG Manoj Sinha
Aug 14, 2022, at 11:51 pm
Srinagar: Jammu and Kashmir Lieutenant Governor Manoj Sinha on Sunday lauded the efforts of Mission Youth, Bombay Stock Exchange (BSE) and State Bank of India (SBI) for coming together to provide a vibrant medium to train and empower 5000 J&K youth in Banking, Financial Services & Insurance (BFSI) Sector.
Aug 01, 2022, at 11:31 pm
Kolkata: SBI Life Insurance,a life insurer in the country, registered a New Business Premium of Rs.5,591 crores for the quarter ended on June 30 vis-a-vis Rs.3,345 crores for the quarter ended June 30, 2021.
SBI renews MoU with Indian Air Force for Defence Salary Package
Jul 07, 2022, at 01:32 am
Mumbai: India's largest public-sector lender, State Bank of India (SBI) has renewed the Memorandum of Understanding (MoU) with the Indian Air Force, to offer a specially curated bouquet of benefits and features to all the serving and retired Air Force Personnel and their families through its unique Defence Salary Package (DSP) Scheme.
SBI's gold loan portfolio crosses Rs 1 lakh cr for the first time
Jul 02, 2022, at 05:18 pm
State Bank of India's gold loan portfolio has swelled to over Rs 1 lakh crore for the first time, chairman Dinesh Khara said.
Financialization of women proceeding at a rapid pace: Senior SBI official
Jun 30, 2022, at 09:32 pm
Kolkata/UNI: With the advent of Pradhan Mantri Jan-Dhan Yojana (PMJDY), the financialization of women is gaining traction, according to Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India.
Jun 14, 2022, at 05:50 am
Mumbai: After rising to a 95-month (almost 8 years) high to 7.79 percent in Apr’22, CPI inflation moderated to 7.04% in May’22 due to broad-based deceleration. Core CPI also moderated in May to 6.09% as compared to 6.97% in Apr’22, State Bank of India’s Economic Research Department said Monday.
YES Bank to form alternate board after successful recovery following reconstruction
Jun 08, 2022, at 11:15 pm
Mumbai: The Board of Directors of YES Bank, appointed under the Reconstruction Scheme March 2020, has recommended the formation of an alternate board of directors on the back of the private sector lender's turnaround and having achieved significant progress post the implementation of the scheme.
SBI now offers Real Time Xpress Credit on YONO app
May 23, 2022, at 08:45 pm
Kolkata: With an aim to digitally empower customers and offer additional convenience, the country’s largest lender, State Bank of India (SBI) has announced the introduction of Real Time Xpress Credit (RTXC) on YONO.
At least 59 pc of inflation increase due to war impact: SBI report
May 17, 2022, at 04:57 am
At least 59 percent of the increase in inflation is because of geopolitical conflict. Against the continued increase in inflation, it is now almost certain that RBI will raise rates in the forthcoming June and August policy and will take it to the pre-pandemic level of 5.15 percent by August.
SBI likely to raise $2 billion via dollar bonds
May 05, 2022, at 07:34 am
Mumbai: India's largest sector lender SBI Wednesday said it is holding a meeting on May 10 to discuss raising up to $2 billion via US-dollar-denominated bonds.
Apr 22, 2022, at 11:32 pm
Mumbai: SBI on Friday declined 3.08 pc to Rs 500.40 a major loser in 30 scrips of BSE.
SBI, BoB increase lending rate by up to 0.1 pc
Apr 20, 2022, at 06:22 am
State Bank of India (SBI) and other major lenders including Bank of Baroda (BoB), Axis Bank and Kotak Mahindra Bank are increasing their benchmark lending rates by up to 0.10 per cent.
SBI signs a MoU with the Border Security Force to provide curated benefits
Apr 04, 2022, at 11:52 pm
New Delhi: Country’s largest Bank, State Bank of India (SBI) has signed a Memorandum of Understanding (MoU) with the Border Security Force to offer special benefits to the serving and retired BSF personnel and family pensioners through the Central Armed Police Salary Package (CAPSP) Scheme.
SBI FASTag: All you need to know
Mar 30, 2022, at 09:13 pm
With the wheel of the economy - gradually opened-up - NETC FASTag has been witnessing exponential year-on-year growth of 53% in terms of its transaction volume. It touched 243.64 million transactions in February 2022 viz-a-viz 158.96 million transactions in the same month, a year ago.
PNB Housing Finance, SBI enter into strategic co-lending partnership
Mar 25, 2022, at 03:07 am
Mumbai/ IBNS: PNB Housing Finance today announced a strategic co-lending agreement with State Bank of India to offer convenient and customised retail loans to homebuyers at competitive interest rates. The partnership will primarily cover priority sector housing loans.
SBI signs pact with housing finance companies for co-lending of home loans
Mar 25, 2022, at 12:05 am
Mumbai/IBNS: India’s largest lender, State Bank of India (SBI), has entered into a co-Lending agreement with five Housing Finance Companies (HFCs) to sanction home loans to the unserved and underserved sector in line with RBI guidelines.
State Bank of India: Ecowrap - SRS report throws light on multiple facets of India's demography
Mar 18, 2022, at 05:34 am
The government has released the Sample Registration System (SRS) survey which is the largest demographic survey in the country mandated to provide annual estimates of fertility as well as mortality indicators at the State and National level.
Russia-Ukraine War: SBI halts trade with sanctioned Russian entities
Mar 02, 2022, at 01:18 am
State-run lender State Bank of India has said it has suspended transactions involving Russian entities in the wake of international sanctions, media reports said.