State Bank Of India | The Asian Age

Saturday, Apr 20, 2024 | Last Update : 08:12 AM IST

State Bank of India Page-5

State-run Bank of India on Thursday said it has increased its marginal cost of funds based lending rate (MCLR) by 0.05 per cent for overnight and one month tenure, effective October 10. (Photo: PTI)

Bank of India raises MCLR rates by 0.05 pc on two tenures

Punjab National Bank also increased its benchmark lending rates or MCLR last week.

11 Oct 2018 5:17 PM

State Bank of India (SBI) said on Tuesday it will buy good quality assets worth Rs 45,000 crore from NBFCs that are facing liquidity crunch triggered by a series of debt repayment defaults by financial conglomerate IL&FS and its subsidiaries. (Photo: PTI)

SBI to buy assets worth Rs 45,000 cr from NBFCs to resolve liquidity crisis

The country's largest lender said that it has stepped up target purchase of good quality portfolio of assets from NBFCs.

09 Oct 2018 7:07 PM

After superseding the IL&FS board, the Centre has once again moved the NCLT seeking relaxation in certain rules for faster resolution of crisis-ridden infra lender.

Govt shifts to top gear for resolving IL&FS crisis

Chiefs of SBI, LIC meet FM to discuss matters relating to infra lender.

09 Oct 2018 5:08 PM

State Bank of India (SBI) on the occasion of Mahatma Gandhi's birth anniversary pledged to become a plastic-free organisation in the next 12 months as part of its sustainability commitment. (Photo: PTI)

SBI vows to become plastic free organisation in one year

The initiative is in sync with PM's Swachh Bharat Abhiyan and the national commitment to abolish single use plastic by 2022.

02 Oct 2018 6:00 PM

State Bank of India has announced that the cash withdrawal limit from ATMs has been reduced to Rs 20,000 per day effective from October 31, 2018. (Photo: PTI)

SBI slashes ATM cash withdrawal limit from Rs 40,000 to Rs 20,000 per day

The new withdrawal limit will be effective from October 31.

01 Oct 2018 12:04 PM

State Bank of India (SBI), the country’s top lender, said on Wednesday its board approved a plan to divest 4 per cent stake in its general insurance arm to funds managed by Axis Bank Ltd and Premji Invest.

SBI board gives nod to stake divestment in insurance arm

Its board approved a plan to divest 4 per cent stake in its general insurance arm to funds managed by Axis Bank Ltd and Premji Invest.

26 Sep 2018 5:50 PM

The top brass of erstwhile Kingfisher airlines including Mallya, its CFO A Raghunathan and other former senior executives will also be named as accused in the case. (Photo: File)

Bank officials who loaned to Vijay Mallya may be charged soon: sources

The CBI had registered two cases against Vijay Mallya related to the IDBI loans in 2015 and consortium loan in 2016.

16 Sep 2018 4:43 PM

Vijay Mallya is facing legal proceedings for defaulting on loans of more than Rs 9,000 crore from a consortium of 17 banks. (Photo: File)

Taking strong measures to recover defaulted amounts from Vijay Mallya: SBI

SBI said there was no laxity on its part in dealing with loan default by now defunct Kingfisher Airlines of Vijay Mallya.

14 Sep 2018 8:51 PM

Public lender United Bank of India has increased the marginal cost of funds based lending rate (MCLR) by 5 basis point or 0.05 per cent across tenors.

United Bank of India increases lending rate by 5 basis points

The one-year MCLR has been increased to 8.85 per cent from 8.80 per cent.

13 Sep 2018 12:40 PM

Rupee has depreciated around 13% in the calend er year accompanied by rising crude oil prices.

India’s Rs 1Lakh-crore extra pinch

Weakness in rupee is likely to hit foreign debt obligations, oil imports.

08 Sep 2018 2:03 AM

Top lender State Bank of India said on Friday that the government had appointed Anshula Kant as the bank’s managing director.

State Bank of India says Anshula Kant appointed MD

Kant will remain in the position until the date of her superannuation on September 30, 2020 or until further orders, SBI said.

07 Sep 2018 2:49 PM

The State Bank of India (SBI) on Monday announced special term loan for repair and renovation of homes to help the flood affected citizens of Kerala. (Photo: PTI)

SBI announces special loan for repair, renovation of homes in Kerala

Pinarayi Vijayan said that his government will collect relief funds from Malayalis residing abroad.

04 Sep 2018 2:58 PM

Now SBI's overnight and one-month tenors' MCLR stands at 8.1 per cent as against 7.9 per cent, as per the SBI's website.

SBI hikes benchmark lending rate by 0.2 per cent

State Bank of India has increased the lending rate by 20 basis points across all tenors up to three years.

01 Sep 2018 11:19 AM

Even as the rupee breached the crucial 71 level plumbing a new life-time low on Friday, State Bank said one should not get too much worried about a "little bit of depreciation" as the currency is still "overvalued". (Photo: AP)

SBI says Rupee still overvalued, no need to panic

The rupee has been the worst among the large emerging market peers, losing over 10 per cent from the beginning of the year.

31 Aug 2018 5:06 PM

Country's largest lender State Bank of India (SBI) has asked its customers to get their ATM-cum-debit cards with magnetic stripe replaced with the one with EMV chip before December 31.

Switch to chip-based debit cards by December 31: SBI to customers

The Reserve Bank on India had asked banks to issue only chip-based and PIN enabled debit and credit cards.

26 Aug 2018 1:29 PM

SBI to return to profit in Q2FY19

Mr Kumar, however, was hopeful that the country’s largest lender will be able to achieve a stable growth in advances.

25 Aug 2018 12:26 AM

Country's largest lender State Bank Of India (SBI) is yet to recalibrate 18,135 automated teller machines (ATMs) even after 21 months of demonetisation, an RTI query has revealed.

State Bank of India yet to recalibrate 18,135 ATMs for new notes: RTI

The recalibration is a process, in which the cassettes in the ATMs that hold cash are modified to suit the size of the currency.

23 Aug 2018 7:35 PM

Shares of State Bank of India continued to fall for the second straight session on Monday, dropping over 3 per cent after the lender reported a hefty loss of Rs 4,876 crore for the June quarter.

SBI shares continue to fall; down over 3 per cent

The stock went down 3.17 per cent to end at Rs 294.80 on BSE.

13 Aug 2018 7:07 PM

Equity benchmarks Sensex and Nifty tumbled for the second straight session on Monday as the Indian rupee hit life-time lows and the Turkish currency crisis dealt a blow to investors sentiment globally. (Photo: AP)

Sensex skids 224 points on global financial turmoil

SBI was the biggest loser in the Sensex pack, diving 3.17 per cent after the lender reported a hefty loss of Rs 4,876 crore.

13 Aug 2018 4:26 PM

State Bank of India ranked as India's most patriotic brand: survey

In the auto sector, Tata Motors emerged as the most patriotic brand.

13 Aug 2018 4:10 PM

5 of 12

Columns

Shobhaa De