CBI charges Hyderabad-based construction company with Rs 4736.57 crore bank fraud
Jan 10, 2021, at 03:52 am
Hyderabad/IBNS: The Central Bureau of Investigation (CBI) has filed a case against a Hyderabad-based Coastal Project Ltd for defrauding a consortium of banks of Rs 4736.57 crore, said media reports on Saturday.
SBI giving several home loan offers to customers
Jan 08, 2021, at 09:56 pm
Kolkata:With anaim to offer attractive concessions to the home buyers, country’s largest lender, State Bank of India (SBI) announces further interest concession of upto 30 bps on home loans and 100% waiver on processing fees.
State Bank of India (SBI) and IndianOil (IOCL) launch a Co-branded Contactless RuPay Debit card
Jan 08, 2021, at 02:20 am
New Delhi: Raising the bar with newer offerings for the customers in the New Year, India’s largest fuel retailer, IndianOil, has now teamed up with SBI, India’s largest lender, to launch the SBI-IndianOil Co-branded RuPay Debit Card.
Jan 07, 2021, at 04:53 am
Mumbai/IBNS: In a setback for Anil Ambani, the bank accounts for Reliance Communication, Reliance Telecom and Reliance Infratel, all owned by the financially-beleaguered businessman, have been declared "fraud" by the State Bank of India, the High Court was informed, said media reports.
Dec 17, 2020, at 12:16 am
New Delhi: The country’s largest lender State Bank of India (SBI) has won two Brandon Hall Technology Excellence Awards for its “e-RBC” and “e-Gyanshala” initiatives that benefit more than 2 lakh employees.
SBI embraces two new certifications from the IGBC in its efforts to promote sustainability
Dec 07, 2020, at 11:14 pm
Kolkata: Keeping in line with its core values, the country's largest bank continues to boost its efforts towards promoting overall sustainability and fulfill its responsibility for the environment. As one of the founding members of the Indian Green Building Council (IGBC), SBI is constantly thriving to incorporate green measures in all its possible avenues.
Mercedes-Benz collaborates with SBI
Nov 24, 2020, at 10:24 pm
Pune: India’s largest luxury carmaker Mercedes-Benz in a first-of-its kind collaboration, has partnered with India’s Largest Bank, State Bank of India, to offer attractive financial benefits, on owning a Mercedes-Benz.
SBI enters into MoU with Luxembourg Stock Exchange
Nov 20, 2020, at 05:28 pm
Mumbai/IBNS: With a continued commitment towards sustainable development, the country’s largest lender, State Bank of India (SBI) has signed a memorandum of understanding (MoU) with the Luxembourg Stock Exchange (LuxSe).
SBI Q2 profit shoots up by 52 pc (YoY) Rs 4,574 Cr; NII increases by 14.6 pc
Nov 05, 2020, at 01:59 am
New Delhi/IBNS: India's largest public sector lender SBI on Wednesday posted a strong net profit of Rs 4,574 Crores, up by 51.88 per cent Year-on-Year (YoY) in quarter ended September 30 of this fiscal.
SBI General Insurance clocks 17 pc GWP growth in H1
Oct 28, 2020, at 10:27 pm
Kolkata/UNI: SBI General Insurance, one of the leading general insurance companies in India, has recorded a profit before tax of Rs. 402 cr for the first half of the financial year FY20-21 compared to Rs. 278 cr for H1 FY 19-20.
Dinesh Kumar Khara takes charge as Chairman of SBI
Oct 07, 2020, at 11:01 pm
New Delhi: Dinesh Khara took charge as the new Chairman of State Bank of India (SBI), with effect from Oct 7 for a three-year term.
SBI - HUL join hands to transform retailer payments digitally
Oct 01, 2020, at 10:50 pm
New Delhi: On the 151st birthday of Mahatma Gandhi, two of the country’s iconic companies, State Bank of India (SBI) and Hindustan Unilever Limited (HUL) have come together to cater to the needs of small retailers by providing them digital payment and financing solutions.
SBI launches online portal for restructuring of retail loans
Sep 22, 2020, at 12:42 am
New Delhi: State Bank of India, the country’s largest lender, has come out with a Restructuring Policy as per directives of RBI with an aim to provide relief to its retail borrowers from the adverse impact of COVID-19.
Titan Company with SBI launches India’s first contactless payment watches
Sep 17, 2020, at 01:03 am
Kolkata/New Delhi: The fifth largest watch brand in the world, Titan Company Limited has partnered with country’s largest lender State Bank of India (SBI) to introduce Titan Pay powered by YONO SBI.
State Bank of India declines by 4.46 pc to Rs 194.90
Sep 10, 2020, at 02:02 am
Mumbai/UNI: SBI on Wednesday dropped by 4.46 pc to Rs 194.90 pc a major loser in 30 scrips of BSE.
State Bank of India raises Rs 4,000 cr via AT1 bonds at a coupon of 7.74 pc
Sep 10, 2020, at 01:54 am
Kolkata/UNI: Country’s largest lender State Bank of India (SBI) sold Rs 4,000 crores of the Basel compliant Additional Tier 1 (AT1) bonds at a coupon of 7.74 per cent.
Dinesh Khara recommend for the post of new SBI Chairman
Aug 29, 2020, at 09:09 pm
Mumbai/IBNS: The Banks Board Bureau (BBB) has recommended Dinesh Kumar Khara as the next Chairman of State Bank of India, said media reports.
SBI Standalone Q1 net rises by 81 pc
Jul 31, 2020, at 09:49 pm
Mumbai/UNI/IBNS: Public Sector lender State Bank of India (SBI) on Friday reported an 81 per cent rise in standalone net profit at Rs 4,189.3 for the quarter ended June 30, 20202 as against Rs 2,312.20 crore in the corresponding period last year.
SBI cautions customers against online banking frauds as digital payments grow amid Covid-19
Jul 20, 2020, at 08:27 pm
Mumbai/IBNS: India's largest lender State Bank of India has cautioned its customers against online banking frauds as more and more people are using digital payments and online banking amid the coronavirus pandemic.
RBI announces special liquidity scheme for NBFCs and HFCs through a SPV
Jul 01, 2020, at 05:16 pm
Mumbai/IBNS: In the bid to improve the liquidity position of the NBFCs and HFCs amid the sagging economic situation triggered by Covid-19 pandemic, the government has approved a special scheme to prevent potential systemic risk in the financial sector, the Reserve Bank said on Wednesday.
SBI launches ‘YONO Branches’ on eve of its 65th Bank Day
Jun 30, 2020, at 05:28 pm
Mumbai/IBNS: State Bank of India, the country's largest bank, launched state-of-the-art ‘YONO Branches’ on the eve of the 65th anniversary of its Foundation Day.
State Bank of India initiates steps to recover $158 million from Anil Ambani
Jun 15, 2020, at 03:52 pm
Mumbai/IBNS: State Bank of India is taking steps to recover the two guarantees furnished by former billionaire Anil Ambani, which according to a news report is worth over $158 million, according to news reports.
SBI relaunches online ‘Insta Saving Bank Account’ through YONO
Jun 12, 2020, at 04:39 pm
Mumbai/IBNS: With an aim to provide convenient digital banking services to citizens of India, country’s largest lender State Bank of India has re-launched ‘SBI Insta Saving Bank Account’ an Aadhaar-based instant digital savings account, for customers who would like to open an account online through bank’s integrated banking and lifestyle platform – YONO.
SBI drops by 4.64 pc to Rs 170.50
May 05, 2020, at 05:06 pm
Mumbai/UNI: State Bank of India on Tuesday fell by 4.64 pc to Rs 170.50 which was the major loser in 30 scrips of BSE.
SBI waives ATM transaction charges
Apr 16, 2020, at 05:10 pm
Mumbai/IBNS: India's largest bank State Bank of India (SBI) has waived charges for its customers on all transactions made on SBI ATMs and other bank ATMs, after exceeding free transactions, till June 30.
State Bank of India surges 13.87 pc to Rs 242.25
Mar 13, 2020, at 04:51 pm
Mumbai/UNI: State Bank of India on Friday rallied by 13.87 pc to Rs 242.25 to be the top gainers in the 30 scrips index of Bombay Stock Exchange (BSE).
SBI removes charges on non-maintenance of average monthly balance for savings account
Mar 11, 2020, at 07:41 pm
Mumbai/IBNS: India's largest bank State Bank of India on Wednesday said it will do away with charges for non-maintenance of average monthly balance and SMS charges it levies on quarterly basis.
Mar 11, 2020, at 05:22 pm
Mumbai/UNI: Largest public sector lender State Bank of India (SBI) has slashed Marginal Cost of Funds Based Lending Rate (MCLR) 15 bps across a few tenors.
Yes Bank crisis: FM's assurance is right, depositors' money not at risk, says SBI chairman
Mar 07, 2020, at 11:11 am
Mumbai/New Delhi/IBNS: Amid the panic of the customers of crisis-hit Yes Bank, State Bank of India (SBI) chairman Rajnish Kumar on Saturday said the depositors' money was safe throwing weight behind the statement of Union Finance Minister Nirmala Sitharaman.
Yes Bank crisis: Depositors' money is safe, says FM Nirmala Sitharaman
Mar 06, 2020, at 04:03 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.