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The CBI carried out searches at the official and residential premises of promoters of Kanishk Gold Pvt Ltd as it launched probe in the Rs 824-crore loan fraud case. (Representational Image)

Chennai-based Kanishk Gold accused of Rs 824 Cr bank fraud, CBI registers FIR

The case has been registered by the CBI on a complaint from the SBI on behalf of the 14-bank consortium.

22 Mar 2018 8:59 AM

Digital payment discounts are on top of all other offers that Snapdeal would be running throughout the year.

Digital payment cos line up Rs 100 cr worth discounts on Snapdeal

Visa cardholders will get instant discounts using a unique code every time they shop on Snapdeal.

20 Mar 2018 1:22 PM

All chief technical officers and chief risk officers of PSBs are participating in a workshop here, which is coordinated by SBI on issues of Operational and Technological Risk Management. (Photo: PTI)

Except for PNB, no unauthorised LoUs issued by PSBs: SBI official

RBI has stopped banks from issuing LoUs and Letters of Comfort for trade finance for imports into the country.

15 Mar 2018 3:54 PM

The call for privatisation gathered currency after diamond jeweller Nirav Modi allegedly colluded with some officials of PNB to fraudulently obtain guarantees so as to avail of loans from Indian banks overseas. (Photo: File)

PNB scam 'one-off incident': SBI chief rejects privatisation call

Earlier in February, Finance Minister Arun Jaitley had ruled out privatisation of banks.

14 Mar 2018 1:38 PM

SBI also offers its customers to shift from a regular savings bank account to basic savings bank deposit account on which no charges are levied.

SBI reduces charges on non-maintenance of minimum balance

For semi-urban and rural centres, the charges have been reduced from Rs 40 per month.

14 Mar 2018 11:19 AM

The charges for non-maintenance of AMB for customers in metro and urban centres have been reduced from a maximum of Rs 50 per month plus goods and services tax (GST), to Rs 15 per month plus GST. (Photo: PTI/File)

SBI slashes non-maintenance charges of minimum balance by 75 per cent

The above revision will benefit 25 crore bank customers.

13 Mar 2018 1:25 PM

Gross NPAs or bad loans of scheduled commercial banks as on December 31, 2017 due to loans to industry were at Rs 6,09,222 crore.

Banks' gross NPAs at Rs 8.41 lakh crore in December

The highest amount of gross NPAs was for country's largest lender SBI at Rs 2,01,560 crore.

10 Mar 2018 11:56 AM

A notice dated January 15, 2018 was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with guidelines and directions issued by RBI. (Photo: AFP)

RBI imposes Rs 5 crore penalty on Airtel Payments Bank

RBI imposed penalty on Airtel Payments Bank for violating operating guidelines and KYC norms.

10 Mar 2018 10:54 AM

The stock of SBI on Wednesday dropped 3.84 per cent to close at Rs 246.65 on the BSE.

RBI slaps Rs 40 lakh penalty on SBI for flouting counterfeit notes norms

RBI found deficiencies on SBI's part in regulatory compliance with counterfeit notes regulations.

08 Mar 2018 11:27 AM

PNB increased its loan prices by 15 bps to 8.30 per cent. (Photo: PTI)

Home, auto loan EMIs to go up as SBI, PNB hike lending rates

SBI raised its one year MCLR (marginal cost of fund-based lending rate) by 20 basis points to 8.15 per cent.

02 Mar 2018 11:12 AM

Bank on Wednesday raised its retail and bulk term deposit rates for various maturities by up to 75 basis points. (Photo: PTI)

SBI hikes lending rates by up to 20 bps to 8.15 per cent

This is the first lending revision by the bank since April 2016 and comes a day after it massively raised retail and bulk deposit rates.

01 Mar 2018 5:36 PM

The committee of directors for capital raising at a meeting held on Friday approved the issue price.

SBI to issue shares to govt for Rs 8,800 cr capital infusion

SBI will issue 29,25,33,741 shares on a preferential basis to government at price of Rs 300.82 per share.

17 Feb 2018 10:23 AM

Govt has unveiled a Rs 2.11 lakh crore capital infusion plan for the PSBs, including via bonds, in the next two years.

SBI wrote off bad loans worth over Rs 20,000 cr last fiscal

PSBs are faced with mounting NPAs or bad loans, putting the financial sector under stress.

12 Feb 2018 12:01 PM

SBI Group reported a massive Rs 1,886.57 crore net loss for Dec quarter of current fiscal as its bad loans and provisions spiked.

Shares of SBI slump over 3 pc on weak third qtr earnings

Shares of company opened at Rs 288 and slumped 3.85 per cent to touch an intra-day low of Rs 285 on BSE.

12 Feb 2018 10:37 AM

He was the agent, known to Jitender Kumar and Anil Kumar. He asked them to pay Rs 3.5 lakh each to get the job. (Representational Image)

Fraud promised job in SBI, held from bank branch

The accused, Rajender Kumar, had been roaming around the bank premises for many days.

07 Feb 2018 2:50 AM

Rates on tenors from 1 year to 455 days deposit, the bank increased the interest rates to 6.25 per cent from the earlier 5.25 per cent.

SBI hikes bulk deposit rates for second time in 2 months

For tenors from two years to up to 10 years, the rates have been revised upwards to 6 per cent from 5.25 per cent earlier.

31 Jan 2018 10:53 AM

Therefore, the agency anticipates an imminent increase in competition for deposit mobilisation and an upward movement in deposit rates.

Pace of credit may force banks to hike deposit rates

SBI on Tuesday raised its bulk deposit rates by 75-140 basis points, the second hike by the bank over the last two months.

31 Jan 2018 3:07 AM

SBI is the largest of 21 lenders that are majority owned by the Indian government and together account for more than two-thirds of the nation’s banking assets.

SBI expects loan demand to rise with government spending

Next tranche of capital allocation will be strictly based on performance of banks against reform measures suggested by govt.

25 Jan 2018 10:05 AM

Government is also providing interest subsidy to buyers on the low cost homes under Pradhan Mantri Awas Yojana. (Photo: PTI)

SBI to raise Rs 20,000 cr for affordable housing, infra

Bank did not specify whether the borrowing would be in rupee denomination or foreign currency.

18 Jan 2018 10:36 AM

RBI had asked banks to either resolve these stressed accounts or refer them to NCLT by December 31.

Financial bids for all 12 large NPA accounts by month-end: SBI

SBI is the lead banker in 6 out of 12 large NPAs with total outstanding loan of Rs 1.75 lakh crore.

10 Jan 2018 5:46 PM

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Sunil Gatade