RBI permits SBI Mutual Fund to acquire 9.99% paid-up share capital in IndusInd Bank
Oct 12, 2023, at 05:04 am
Mumbai: The Reserve Bank of India (RBI), on Wednesday, granted permission to SBI Mutual Fund (SBIMF) to acquire up to 9.99% of paid-up share capital or voting rights in Induslnd Bank.
SBI launches ‘Mobile Handheld Device’
Oct 04, 2023, at 11:01 pm
The State Bank of India on Wednesday said it is availing banking services has announced introduction of 'Mobile Handheld Device’ for its FI customers.
SBI raises Rs 10,000 cr via infra bonds
Sep 23, 2023, at 02:36 am
Mumbai: India’s largest lender State Bank of India (SBI) announced the successful issuance of its fourth set of infrastructure bonds, raising Rs 10,000 crore at a coupon rate of 7.49 percent.
SBI launches digital transit systems with the 'Nation First Transit Card’
Sep 08, 2023, at 07:02 am
Mumbai: The country’s largest lender, the State Bank of India has launched the ‘Nation First Transit Card’ at the Global Fintech Fest 2023.
SBI introduces Aadhaar-Based enrolment for social security schemes
Aug 26, 2023, at 12:37 am
Public sector lender State Bank of India has unveiled a Customer Service Points functionality that enables hassle-free enrolment for social security schemes through Aadhaar.
Despite headwinds, global economic activity remains resilient in Q1FY24: SBI report
Aug 22, 2023, at 11:10 pm
Mumbai: Global economic activity remained resilient in the Q1FY24, driven mainly by the services sector, according to State Bank of India’s Group Chief Economic Adviser Dr Soumya Kanti Ghosh.
SBI Life Insurance launches ‘24X7 inbound contact centre’
Aug 22, 2023, at 01:14 am
SBI Life Insurance, a private life insurance company, launched its dedicated 24X7 inbound contact centre to address the before & after purchase queries related to comprehensive insurance solutions provided by the company.
SBI Q1FY24 profit jumps 178% YoY to Rs 16,884 cr; NII surges 25%
Aug 05, 2023, at 03:36 am
Mumbai: State Bank of India (SBI), the largest bank in India, surpassed market expectations with a massive 178.24% year-on-year (YoY) surge in its profit for the June 2023 quarter to Rs 16,884 crore.
SBI successfully raises Rs 10,000 cr via long-term infrastructure bond
Aug 01, 2023, at 05:09 am
Mumbai: India’s largest lender State Bank of India (SBI) on Monday successfully raised Rs 10,000 crore through its third infrastructure bond issuance at a coupon rate of 7.54 percent.
Centre appoints SBI veteran Swaminathan Janakiraman as RBI deputy governor
Jun 21, 2023, at 12:40 pm
Mumbai: The government has appointed Swaminathan Jankiraman, the managing director of the State Bank of India (SBI), as the Deputy Governor of the Reserve Bank of India (RBI), an official notification said.
SBI to raise Rs 50,000 cr from Indian and overseas markets in FY24
Jun 10, 2023, at 05:05 am
Mumbai: The State Bank of India (SBI) on Friday announced its plan to raise up to Rs 50,000 crore through debt instruments during the current fiscal year.
IRDAI orders SBI Life Insurance to take over Sahara India Life Insurance business
Jun 03, 2023, at 04:44 am
New Delhi: Insurance Regulatory and Development Authority of India (IRDAI) has named SBI Life Insurance Company Limited (SBI Life) as the acquirer insurer of the life insurance business of Sahara India Life Insurance Co. Ltd (SILIC), media reports said.
May 31, 2023, at 06:20 pm
Mumbai: Around 80% of the total Rs 2000 notes received are deposited and the rest 20% are exchanged for smaller denominations as per market trends. Even if a fraction of these trends is extrapolated at the banking level, the liquidity in the banking system will shoot much higher compared to previous estimates of around Rs 1 trillion bulge in deposits even if a fraction, said SBI Ecowrap report on Tuesday.
May 24, 2023, at 03:00 am
Mumbai: The withdrawal of 2000 rupee note is likely to be a non-event as digital payment in India has been witnessing new milestones, in both value and volume terms, indicating the robustness of our payment ecosystem and acceptance by a wide stratum of consumers, according to an SBI report.
SIIC, IIT Kanpur and SBI announce strategic collaboration to boost information security
May 24, 2023, at 12:53 am
New Delhi: The Startup Incubation and Innovation Centre (SIIC) of the Indian Institute of Technology Kanpur (IITK) and the State Bank of India signed a Memorandum of Understanding (MoU).
May 24, 2023, at 12:48 am
Mumbai: The Entrepreneurship Development Institute of India (EDII) has partnered with the State Bank of India Foundation (SBIF) for the skill development and training of 750 persons with disabilities (PwDs) under SBI’s Corporate Social Responsibility (CSR) project – Swavlamban.
Rs 2,000 notes Exchange: SBI issues guidelines to branches amid misinformation on social media
May 21, 2023, at 09:41 pm
Mumbai: The State Bank of India has issued a guideline to all its branches, allowing them to exchange or accept deposits in Rs 2000 notes "without obtaining any requisition slip".
May 20, 2023, at 06:50 am
New Delhi: The National Company Law Appellate Tribunal (NCLAT) will hear a plea made by Jalan Kalrock Consortium (JKC), the successor to Jet Airways management, on May 22. JKC is seeking directions to prevent the State Bank of India (SBI) from invoking its bank guarantee of Rs 175 crore, media reports said.
May 18, 2023, at 09:45 pm
Kolkata/IBNS: India's largest public sector lender State Bank of India on Thursday reported that its FY23 net profit crossed Rs 50,00 crore reaching Rs 50,232 crores, representing a YoY growth of 58.58%. The net profit for the fourth quarter also witnessed impressive growth, surging by 83.18% to Rs 16,695 crores.
Apr 28, 2023, at 05:39 pm
Kolkata: Public sector major State Bank of India, acting through its London Branch, on Friday priced a 5-year US$750 million bond issuance at a coupon rate of 4.875 %.
SBI inaugurates its fourth Startup Branch in Mumbai
Apr 25, 2023, at 11:36 pm
Mumbai/IBNS: India's largest lender State Bank of India inaugurated its fourth startup branch in Mumbai to provide all the necessary banking services to startups under one roof.
Electoral bonds to be sold at authorised branches of SBI
Apr 01, 2023, at 05:29 am
New Delhi/IBNS: The Finance Ministry on Friday announced that the State Bank of India (SBI) will distribute and redeem electoral bonds through its 29 authorised branches from April 3 to April 12.
SBI launches its Coffee Table Book – The Banker to Every Indian
Mar 29, 2023, at 04:41 am
Mumbai: The State Bank of India (SBI) has announced the launch of its coffee table book ' The Banker to Every Indian' which celebrates 75 years of Indian independence and SBI's glorious 200-year history.
SBI raises Rs 3,700 cr via AT-1 bonds
Mar 09, 2023, at 05:34 am
Mumbai: The country’s largest lender SBI has raised Rs 3,717 crores by issuing Additional Tier 1 (AT-1) bonds at a coupon rate of 8.25%.
SBI Credit Card Users Alert! How New Rules Will Affect You from January 1 - Check Complete Details
Mar 01, 2023, at 06:18 pm
The State Bank of India (SBI) is the largest credit card provider in India, which offers this facility to cater to the specific needs of customers. It provides a plethora of features like reward points, cashback for grocery purchases, travel, fuel expenses, etc.
SBI completes $1 billion through syndicated social loan
Mar 01, 2023, at 05:56 am
India’s largest lender State Bank of India (SBI) Tuesday said it has completed a $1 billion Syndicated Social Loan Facility.
SBI launches BHIM SBIPay for Singapore-India fund transfers after UPI-PayNow linkage
Feb 23, 2023, at 01:21 am
Mumbai/IBNS: The State Bank of India (SBI), India’s largest lender, will facilitate funds transfer to Singapore through its SBI's BHIM SBIPay mobile application, the bank said on Wednesday.
Best Banks For Savings Accounts Services In India
Feb 16, 2023, at 03:39 pm
In this article, let us look at the top 10 banks in India. A suitable savings account can help you save more money in the long run and invest them in the right avenues to grow your wealth in the future. Here are the top 10 banks in India ranked in order of the efficiency of their savings accounts:
SBI's Q3FY23 net profit jumps 68 pc y-o-y to Rs 14,205 cr; NII at Rs 38,069 cr
Feb 04, 2023, at 05:33 am
Mumbai/IBNS: State Bank of India (SBI) reported a 68 percent year-on-year jump in net profit to Rs 14,205 crore for the quarter ended December 31, 2023, on account of a reduction in provisions and strong core income growth.
FM Sitharaman says LIC, SBI exposure to Adani Group within permissible limits: Report
Feb 04, 2023, at 02:58 am
Mumbai: Finance Minister Nirmala Sitharaman Friday said the exposure of big lenders such as LIC and State Bank of India (SBI) to the crisis-hit Adani Group is well within the permissible limits as stated by these lenders, according to media reports.