Yes Bank crisis: Depositors' money is safe, says FM Nirmala Sitharaman
Mar 06, 2020, at 03:05 pm
New Delhi/IBNS: Reacting to the Yes Bank crisis, Union Finance Minister Nirmala Sitharaman on Friday assured all depositors that their money was safe, media reports said.
Swift action will be taken to revive Yes Bank: RBI Governor Shaktikanta Das
Mar 06, 2020, at 11:43 am
Mumbai/IBNS: Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said the crisis-hit Yes Bank will be revived by the country's central bank very "swiftly" and "fast".
Govt imposes withdrawal limit on Yes Bank, SBI to acquire stakes
Mar 05, 2020, at 11:09 pm
New Delhi/IBNS: In a major crisis for Yes Bank, the government on Thursday imposed a withdrawal limit of Rs 50,000 for depositors of the beleaguered private bank.
YONO SBI reaches milestone of 20 million registered users
Mar 05, 2020, at 07:32 pm
Kolkata/UNI: State Bank of India’s (SBI’s) path breaking comprehensive digital service platform - YONO (‘You Only Need One’) has now touched the landmark of 20 million registered users.
SBI drops by 5.10 pc to Rs 287.45
Mar 02, 2020, at 04:30 pm
Mumbai/UNI: State Bank of India on Monday slid by 5.10 pc to Rs 287.45 to be the top losers in the 30 scrips index of Bombay Stock Exchange (BSE).
GDP growth to stay flat at 4.5 pc in Quarter 3 of FY20: SBI economists
Feb 26, 2020, at 06:04 pm
New Delhi/UNI: The GDP growth of India will stay flat at 4.5 per cent in the October-December 2019, economists at SBI said on Wednesday.
Hero Electric signs MOU with State Bank of India
Feb 07, 2020, at 04:28 pm
New Delhi/IBNS: Biggest electric vehicle brand in India, Hero Electric on Friday announced its partnership with State Bank of India – India’s leading public sector bank – to offer its dealer network inventory financing solutions.
Challa Sreenivasulu Setty new Managing Director of SBI
Jan 21, 2020, at 08:35 pm
Mumbai/UNI: Mr Challa Sreenivasulu Setty has taken charge as the Managing Director of State Bank of India with effect from January 20, the bank said on Tuesday.
SBI cuts MCLR by 10 bps after RBI keeps repo rate unchanged
Dec 09, 2019, at 05:26 pm
Mumbai/IBNS: SBI slashed its lending rates by 10 bps or basis points across all tenors effective from Dec 10, the bank said on Monday.
State Bank of India reduces MCLR by 5 bps across all tenors
Nov 08, 2019, at 06:30 pm
New Delhi/UNI: Country’s largest lender State Bank of India (SBI) on Friday announced the reduction in its MCLR by 5 bps across all tenors.
Govt sets up 25,000 cr AIF to revive the struggling realty sector in India
Nov 07, 2019, at 01:23 am
New Delhi/UNI/IBNS: The Union Cabinet on Wednesday approved setting up of a fund in which the government would infuse up to Rs 10,000 crore while Life Insurance Corporation(LIC) and State Bank of India would jointly contribute Rs 15,000 crore to help revive the struggling realty sector, informed Union Finance Minister Nirmala Sitharaman.
State Bank of India up by 3.37 pc to Rs 289.95
Oct 30, 2019, at 04:48 pm
Mumbai, Oct 30 (UNI) SBI on Wednesday moved up by 3.37 pc to Rs 289.95 to be the top gainers in the 30 scrips index of Bombay Stock Exchange (BSE).
SBI Card launches SBI Card Pay for contactless mobile payments
Oct 16, 2019, at 06:18 pm
Kolkata: SBI Card, a credit card issuer, on Wednesday announced the launch of ‘SBI Card Pay’, a payment feature based on Host Card Emulation (HCE) technology for faster, convenient and more secure card payments using mobile phones. Using SBI Card Pay, customers can make contactless payments at Near Field Communication (NFC) enabled point of sale terminals with just one tap of their mobiles, without using the physical credit card or entering any PIN.
SBI cuts down interest on savings, fixed deposits
Oct 09, 2019, at 06:26 pm
Mumbai: State Bank of India (SBI), the largest lender of the country, on Wednesday slashed its savings and term deposit interest rates.
State Bank of India tumbles down by 7.37 pc to Rs 280.15
Sep 25, 2019, at 05:53 pm
Mumbai, Sep 25 (UNI) State Bank of India (SBI) on Wednesday slipped by 7.37 per cent to Rs 280.15, to be the top loser in the 30 scrips index of Bombay Stock Exchange (BSE).
State Bank of India launches Yono Global in UK
Sep 24, 2019, at 12:59 pm
London: State Bank of India (SBI) launched its digital banking app Yono for customers of SBI (UK) Limited, by Rajnish Kumar, Chairman, SBI at an event hosted in coordination with the UK India Business Council (UKIBC).
State Bank of India reduces MCLR and fixed deposit rates
Sep 09, 2019, at 04:48 pm
New Delhi, Sept 9 (IBNS): India's biggest lender State Bank of India on Monday announced its decision to reduce MCLR (Marginal Cost of Funds based Lending Rate) by 10 basis points.
State Bank of India to offer cheaper home, auto loans during festival season
Aug 20, 2019, at 05:29 pm
Mumbai Aug 16 (UNI) Public sector lender State Bank of India (SBI) on Tuesday announced a number of offers including cheaper rates for home and auto loan borrowers, to cash in on festival fervour.
Jul 26, 2019, at 04:32 pm
Kolkata, July 26 (IBNS): Sohan Lal Commodity Management Pvt. Ltd. (SLCM), India’s leading Agri services solutions provider having operations across India & Myanmar, has entered into an strategic partnership with India's largest bank, State Bank of India(SBI) for Collateral management and warehousing services.
SBI Group announces 3rd edition of ‘SBI Green Marathon’
Jul 23, 2019, at 03:16 pm
Mumbai, July 23 (IBNS): After a major success of the first two editions of SBI Green Marathon, country’s largest financial services group SBI Group announces the launch of its 3rd edition.
State Bank of India Q4 net profit stands at Rs 838.40 cr
May 10, 2019, at 03:54 pm
Mumbai, May 10 (UNI) Public sector lender State Bank of India (SBI) on Friday reported a net profit of Rs 838.40 crore for the quarter ended March 31,2019 as against a loss of Rs 7,718.17 crore during the same quarter a year ago.
State Bank of India lowers MCLR; interest rate on home loans
Apr 09, 2019, at 06:41 pm
Mumbai, Apr 9 (UNI) Country’s largest lender State Bank of India (SBI) on Tuesday announced that it has reduced its MCLR by 5 basis points across all tenors with one year MCLR coming down from 8.55 per cent per annum to 8.50 per cent per annum.
Jet Airways' pilots body urges SBI to clear salaries, dues at fast as possible
Mar 26, 2019, at 04:21 pm
New Delhi, Mar 26 (UNI) Assuring its commitment towards the Jet Airways in taking the airline to the road of recovery, its pilots body National Aviators Guild on Tuesday petitioned State Bank of India chairman Rajnish Kumar to release their pending salaries at the earliest.
After RBI repo rate slash, State Bank cuts home loan interest by 5 basis points
Feb 08, 2019, at 11:08 pm
New Delhi, Feb 8 (IBNS): State Bank of India on Friday announced a decrease in interest by 5 basis points on home loans up to Rs 30 lakh.
Lenders in talks for Jet Airways' restructuring plan, says State Bank of India
Jan 17, 2019, at 01:03 pm
New Delhi, Jan 17 (IBNS): The State Bank of India on Thursday said lenders of Jet Airways are considering a plan to resolve the debt issues faced by the Indian aviation major.
SBI, other lenders working on comprehensive resolution plan, says debt-ridden Jet Airways
Jan 16, 2019, at 05:46 pm
Mumbai, Jan 16 (IBNS): Amid reports of a possible bailout by Etihad Airways, Indian aviation major Jet Airways on Wednesday said currently State Bank of India and other lenders and stakeholders are working on a resolution plan to create a turnaround of the crisis hit airline.
Jio, SBI deepen partnership for digital banking, payments
Aug 02, 2018, at 10:58 pm
Mumbai, Aug 2 (IBNS): Post operationalization of Jio Payments Bank, Jio and SBI are deepening their partnership to bring "bilateral frictionless experience with exclusive digital banking, payments and commerce journeys for their customers.
SBI Card customer base crosses 6 million
May 17, 2018, at 12:22 am
Kolkata, May 16 (IBNS): SBI Card, one of the country`s leading credit card issuers, has grown its cardholder base to over six million by garnering fastest ever growth in its card volume, officials said on Wednesday.
Mar 13, 2018, at 08:25 pm
Mumbai, Mar 13 (IBNS): India's largest lender, the State Bank of India (SBI), announced on Tuesday that it has reduced the charges for non-maintenance of minimum balance by upto 75 per cent.
State Bank of India hikes interest rates on loans across most maturities
Mar 01, 2018, at 10:03 pm
Mumbai, Mar 1 (IBNS): The country's largest lender, the State Bank of India, on Thursday, raised its marginal cost-based lending rates (MCLR) across most maturities, with immediate effect, according to media reports.