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SBI offers further interest concession on home loans

Mumbai, Jan 8 | With an aim to offer attractive concessions to the home buyers, country's largest lender, State Bank of India (SBI) has...

SBI raises $600mn via ‘Regulation S’ bonds

Mumbai, Jan 7 | Lending major State Bank of India has raised $600 million of "Regulation S" bonds at a coupon rate of 1.80...

SBI Life and Apollo join the race for RCap assets (Ld)

New Delhi, Dec 22 | Reliance Capital's (RCAP) expression of interest (EOI) for asset monetisation garnered mega response with 70 bids being received. SBI...

SBI Life and Apollo join the race for RCap assets

New Delhi, Dec 22 | Reliance Capital's (RCAP) expression of interest (EOI) for asset monetisation garnered mega response with 60 bids being received. SBI...

Your chance to bid for best property with SBI mega e-auction...

New Delhi, Dec 20 | State Bank of India (SBI) is holding a mega e-auction of properties on December 30.SBI said in a tweet...

India’s GDP contraction expected to narrow down: SBI Ecowrap

New Delhi, Dec 16 | India's GDP contraction due to the impact of Covid pandemic is expected to narrow down to (-)7.4 per cent...

SBI Arakkonam branch names and shames education loan borrowers

By Venkatachari JagannathanChennai, Dec 14 | The State Bank of India (SBI) in Tamil Nadu is at it again in naming and shaming of...

Manufacturing GVA growth in Q2 ‘surprising’: SBI Report

New Delhi, Nov 28 | The manufacturing sector played a major role in narrowing down the India's GDP contraction in Q2 of FY21. An...

French giant Amundi threatens to divest SBI bonds if loan granted...

New Delhi, Nov 28 | One of the State Bank of India (SBI)'s investors, French giant Amundi has announced that it would sell...

RBI should let rupee appreciate to reduce imported inflation: SBI Ecowrap...

New Delhi, Nov 25 | The Reserve Bank should let rupee appreciate to reduce imported inflation, a SBI Ecowrap report said on Wednesday.According to...

Q2FY21 GDP contraction expected at 10.7%: SBI Ecowrap

New Delhi, Nov 20 | India's Q2FY21 GDP contraction is expected to come in at (-)10.7 per cent, an SBI Ecowrap report said on...

SBI set to offer Rs 5000 crore loan to Adani coal...

New Delhi, Nov 17 | The State Bank of India is set to offer a Rs 5,000-crore loan to Adani Enterprises Ltd's Australian mining...

SBI adopts 15 tigers at Hyderabad Zoo

Hyderabad, Nov 13 | The State Bank of India, Hyderabad Circle, has come forward to adopt 15 tigers at Nehru Zoological Park...

SBI’s Q2FY21 net profit rises over 51% (Ld)

Mumbai, Nov 4 | Lending major State Bank of India on Wednesday reported a rise of 51.88 per cent in its standalone net profit...

Paytm teams up with SBI Card to launch co-branded credit cards

New Delhi, Nov 4 | Leading digital financial services platform Paytm and SBI Card on Wednesday said they have joined hands to launch co-branded...

SBI’s Q2FY21 net profit rises over 51%

Mumbai, Nov 4 | Lending major State Bank of India on Wednesday reported a rise of 51.88 per cent in its standalone net profit...

SBI raises $1bn JBIC loan to finance Japanese auto entities in...

New Delhi, Oct 28 | Country's largest commercial bank, State Bank of India (SBI) has signed a loan agreement amounting to up to $1...

SBI Card’s bad loans surge amid pandemic

Mumbai, Oct 23 | Amid financial stress among borrowers in view of the ongoing coronavirus pandemic, SBI Cards and Payments reported a rise in...

Conditional fiscal stimulus at minimal 0.2% of GDP: SBI Ecowrap

New Delhi, Oct 13 | The latest stimulus measures announced by the Centre will lead to a maximum additional cash outgo of Rs 40,000...

Dinesh Kumar Khara takes charge as SBI Chairman

New Delhi, Oct 7 | Dinesh Kumar Khara on Wednesday took charge as the new Chairman of the State Bank of India (SBI) for...

Dinesh Khara appointed new SBI Chairman

New Delhi, Oct 6 | The Centre on Tuesday appointed Dinesh Kumar Khara as the new Chairman of State Bank of India (SBI).Khara's appointment...

Consolidated Centre, state fiscal deficit may touch 13% of GDP: SBI...

New Delhi, Oct 1 | The FY21 consolidated fiscal deficit of the Centre and state governments might touch 13 per cent of GDP, said...

SBI waives processing fee on select retail loans

New Delhi, Sep 28 | To enlarge retail loans and online business, lendin g major SBI on Monday announced a 100 per cent waiver...

SBI plans to use biz correspondents for collection activities

New Delhi, Sep 25 | Lending major State Bank of India (SBI) will use its vast network of business correspondents for collection activities as...

Rate cuts have not spurred investment: SBI Chairman

New Delhi, Sep 22 | State Bank of India chairman Rajnish Kumar on Tuesday said that interest rate cuts had not led to an...

Google Pay adds tap to pay feature for Axis, SBI card...

New Delhi, Sep 21 | Google Pay in collaboration with Visa and banking partners on Monday rolled out tokenisation across its platform, enabling users...

Relief for Anil Ambani as SC dismisses SBI plea

New Delhi, Sep 17 | The Supreme Court on Thursday dismissed a plea by the State Bank of India (SBI) seeking a vacation of...

SBI General Insurance, YES Bank sign corporate agency agreement

New Delhi, Sep 14 | General insurer SBI General and private sector bank YES Bank have signed a Corporate Agency Agreement for the distribution...

Expanding operations, require more workforce, says SBI

New Delhi, Sep 7 | The State Bank of India (SBI) on Monday said it plans to recruit more than 14,000 employees this year.According...

Bank official gunned down in Manipur, Rs 1.15 cr robbed

Imphal, Sep 4 | An official of the State Bank of India (SBI) was shot dead and Rs 1.15 crore was looted in southern...

FY21 likely to see negative double digit real GDP growth: SBI...

New Delhi, Sep 1 | Even as the country's economic growth contracted by 23.9 per cent in Q1FY21, preliminary estimates indicate the fiscal will...

More trouble for MIAL as SBI likely to appoint forensic auditor

New Delhi, Aug 23 | More trouble is brewing for GVK Infrastructure and Power, including Mumbai International Airports Limited (MIAL) after the action by...

Now gift an accident insurance policy, courtesy SBI General Insurance

New Delhi, Aug 18 | In a unique initiative, SBI General Insurance launched the first-of-its-kind 'Shagun' policy, which enables gifting of personal accident cover.According...

FY21 GDP contraction already crosses 6.8%: SBI Ecowrap

New Delhi, Aug 17 | India's FY21 GDP contraction has already crossed the (-) 6.8 per cent mark for 2020-21, SBI Ecowrap report said...

SEBI fines SBI, LIC, BoB for violation of mutual fund norms

Mumbai, Aug 14 | The Securities and Exchange Board of India (SEBI) on Friday imposed penalties of Rs 10 lakh each on the...

SBI’s Q1FY21 net profit up 81%

Source: IANS

Board of SBI Card approves raising Rs 1,500 cr via NCDs

Mumbai, July 21 | The Board of SBI Cards and Payment Services has approved raising of Rs 1,500 crore by issuance of non-convertible debentures...

SBI Card reports 14% rise in Q1 net profit

Mumbai, July 20 | SBI Cards and Payment Services on Monday reported a nearly 14 per cent rise in its net profit for the...

SBI Card CEO resigns, Ashwini Kumar Tewari to takeover

Mumbai, July 16 | SBI Cards and Payments Services' MD and CEO Hardayal Prasad has resigned from the post owing to this voluntary retirement...

SBI to focus on cost reduction, workforce reskilling

New Delhi, July 14 | State Bank of India (SBI) Chairman Rajnish Kumar on Tuesday said that the bank will focus on cost reduction,...

SBI okays up to Rs 1,760 cr investment in Yes Bank’s...

Mumbai, July 8 | The State Bank of India (SBI), on Wednesday, said that its Executive Committee of Central Board (ECCB) has approved an...

Need calibrated call in reducing import dependence from China: SBI Ecowrap

New Delhi, July 8 | India needs to take a calibrated call in reducing import dependence from China and not through sudden stops.At present,...

SBI reduces MCLR by 5-10 bps in shorter tenors

New Delhi, July 8 | State Bank of India (SBI) on Wednesday announced reduction in its marginal cost of funds-based lending rates (MCLR) on...

Majority companies report 5% revenue de-growth in Q4FY20: SBI Ecowrap

New Delhi, July 3 | Almost all companies across sectors have suffered a revenue de-growth of 5 per cent for Q4FY20, a SBI Ecowrap...

New definition will improve credit flow to MSMEs: SBI Chairman

New Delhi, June 27 | Lending major SBI's Chairman Rajnish Kumar on Saturday said the new definition of MSMEs which includes both turnover and...

India may lose $438 bn in output over next 2 yrs:...

New Delhi, June 25 | India might lose $438 billion worth of output over next 2 years due to economic disturbance caused by Covid-19...

CBI books Indore firm, directors for cheating SBI of Rs 180...

New Delhi, June 17 | The Central Bureau of Investigation (CBI) on Wednesday said that it has registered a case against an Indore-based firm...

Adequate scope for RBI repo rate reduction by 100 bps: SBI...

New Delhi, June 16 | Reserve Bank of India's key lending rate can be reduced by another 100 basis points from the current levels...

Crisis in hospitality, aviation to prolong: SBI official

New Delhi, June 10 | As the pandemic and the resultant nationwide lockdown severely affected economic activities in the country, a senior official of...

SBI logs 4-fold jump in Q4 net profit at Rs 3,581...

New Delhi, June 5 | State Bank of India (SBI) on Friday reported a four-fold jump in its net profit for the January-March quarter...

Business

Yogi boost for startups: 4 get Rs 20 lakh

Lucknow, Jan 22 | As part of the 'Start in UP' programme, the policy implementation unit in the state has approved marketing assistance of...