SBI has also cut the credit period for dealers to 60 days from 90 days.
30 Jul 2019 8:49 AM
Interest rates have been reduced by 50-75 basis points (bps) for time deposits with shorter tenors of up to 179 days.
29 Jul 2019 1:16 PM
SBI has taken into consideration the views and representations from various export promotion councils.
26 Jul 2019 8:56 AM
A cut of 5-10 bps will not take down home loan interest rate instantly for the existing home loan borrower.
24 Jul 2019 1:21 PM
Apart from this, about 2,400 operational creditors have made claims worth some 123.72 billion rupees, according to reports.
20 Jul 2019 8:51 AM
An SBI-led consortium of 26 banks has informed the resolution professionals that Jet Airways owes them about 85 billion rupees.
17 Jul 2019 10:00 AM
The penalty has been imposed on the bank for non-compliance of income recognition and asset classification (IRAC) norms.
16 Jul 2019 8:54 AM
As Managing Director and Chief Financial Officer, Kant will be responsible for financial and risk management of the World Bank Group.
13 Jul 2019 11:14 AM
The e-auction of Rajashree will take place on July 22 while that of Shree Vaishnavi on July 29.
12 Jul 2019 9:34 AM
The matter came to light when a new branch manager who took charge found Rs 19 lakh cash missing from the locker.
07 Jul 2019 3:39 PM
The consortium of 26 bankers led by State Bank took the grounded Jet Airways to NCLT to recover their dues of over Rs 8,500 crore.
04 Jul 2019 4:43 PM
As per data from RBI, gross loans and advances in state-run banks came in at 638.2 bn rupees, as of March 31, 2019.
03 Jul 2019 9:37 AM
In his resignation, he expressed inability to continue beyond July 23, 2019, the RBI said.
24 Jun 2019 7:24 PM
In first week of June RBI had lowered the repo rate to 5.75 per cent.
19 Jun 2019 2:20 PM
SBI reported 6,793 fraud cases involving Rs 23,734.74 crore followed by HDFC which recorded 2,497 cases involving Rs 1,200.79 crore
12 Jun 2019 3:12 PM
New framework provides some leeway to lenders and encourages them to refer cases to IBC, said SBI in its report.
11 Jun 2019 7:10 PM
SBI's m-cap dropped Rs 9,727.83 crore to Rs 3,04,909.35 crore and that of RIL tumbled Rs 9,159.92 crore to Rs 8,33,773.72 crore.
09 Jun 2019 10:31 AM
RBI is committed to ensuring a robust and well-functioning NBFC sector, said Das.
07 Jun 2019 9:03 AM
Shares of State Bank of India closed 3.29 per cent down at Rs 348.55 apiece on the BSE on Wednesday.
30 May 2019 10:23 AM
The company has tied up with SBI recently for a Rs 1,500 crore loan to meet its working capital requirements.
27 May 2019 4:17 PM