State Bank Of India

Thursday, Sep 28, 2023 | Last Update : 03:51 AM IST

The lone survivor of the crash, Group Captain Varun Singh, died earlier this week. (PTI Photo)

IAF chopper crash: SBI gives Rs 48.40 lakh cheque to deceased Lance Naik's family

The SBI official presented cheques relating to two insurance claims totaling to Rs 48.40 lakh

17 Dec 2021 12:20 PM

SBI's Q1 profit surges 81 pc to Rs 4,189 crore. (PTI Photo)

India's largest bank SBI net profit up 81% to ₹4,189 crore in Q1

Its gross non-performing assets (NPA) of the total advances declined to 5.44 per cent at June-end, over 7.53 per cent at June-end last year

31 Jul 2020 3:19 PM

SBI chairperson Rajnish Kumar. State bank of India approved a further investment of upto 17.60 billion rupees in public offering of Yes Bank. (PTI Photo)

SBI to invest Rs 1760 crore in Yes Bank

In March this year, SBI board had approved an investment of Rs 72.50 billion into the troubled lender Yes Bank.

09 Jul 2020 8:54 AM

After defaulters flee India, SBI complains to CBI. (PTI Photo)

Rs 411 crore loan fraud: After defaulters flee India, SBI complains to CBI

Besides SBI, other members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank

10 May 2020 8:44 AM

SBI’s one-year MCLR to which home loans are linked will now stand at 7.85 per cent per annum from 7.90 per cent.

SBI cuts rates, says more next time

SBI announced a reduction in its MCLR by 5 basis points across all tenors while BOI cut MCLR by 10 basis points for maturities up to six months.

08 Feb 2020 3:14 AM

The country's largest lender, State Bank of India (SBI), on Tuesday disclosed that the central bank's inspection has found that it had under-reported bad loans by Rs 11,932 crore in 2018-19.

SBI under-reported close to Rs 12,000 crore bad loans

The bank had provided Rs 1.06 lakh crore for the bad loans but the provisions for the NPAs as assessed by the RBI was Rs 1.18 lakh crore.

11 Dec 2019 1:31 AM

In yet another blow to the Indian economy after Moody’s downgrade, two reports — by the State Bank of India and Singapore’s DBS Bank — on Tuesday raised concerns over the slowdown in economic growth.

SBI, DBS signal growth rate set to dip further

The SBI research report was, however, hopeful that the economic growth rate will pick up pace in 2020-21 to 6.2 per cent.

13 Nov 2019 3:29 AM

SBI surprises with robust Q2 earnings

Asset quality improved sequentially as well as year-on-year.

26 Oct 2019 1:25 AM

We had GST (goods and services tax). We had IBC (insolvency and bankruptcy code). All these reforms have been implemented in last three years. And as a result, we are in a transition period. A lot of cleanup has happened in the corporate sector, said SBI Chairman Rajnish Kumar. (Photo: File)

Indian economy in transition phase, growth to come back: SBI Chairman

Growth can come back. Because of a lot of (reforms), economy is in transition, said SBI chief Rajnish Kumar.

24 Oct 2019 12:36 PM

At close of trade on Monday, SBI's market capitalisation (m-cap) was at Rs 2,27,979.20 crore, which is Rs 2,899.12 crore more than that of Bajaj Finance Rs 2,25,080.08 crore valuation on the BSE.

SBI re-enters top-10 most valued firms list; replaces Bajaj Finance

The bank had on October 1 lost its spot to Bajaj Finance in the coveted club of top-10 most valued domestic companies.

14 Oct 2019 9:54 PM

DHFL has sold its strategic investments, even in core retail financial services firms like Avanse, Aadhar, DHFL Pramerica AMC to bring liquidity.

DHFL lenders led by SBI expected to complete debt resolution plan quickly

DHFL said, the company, in the past 12 months has repaid obligations of nearly Rs 45,000 crore.

29 Sep 2019 6:14 PM

The customers will have to pay the charges to SBI for transaction decline due to insufficient balance and cardless cash withdrawal at ATMs, effective from October 1.

SBI daily ATM cash withdrawal limit for different debit cards

SBI customers can withdraw cash from ATMs for 8-10 times without any charges.

24 Sep 2019 1:04 PM

The country’s largest lender State Bank of India (SBI) will use the repo rate as the external benchmark to price all new floating rate loans for Micro, Small & Medium Enterprises (MSMEs), housing and retail loans effective October 1 in line with the central bank’s notification.

SBI to link all new floating loans to repo

The bank will also voluntarily extend benchmark-based lending to medium enterprises to boost lending to the MSME sector as a whole.

24 Sep 2019 1:43 AM

SBI owns 74 per cent in the cards venture, while its foreign partner can also choose to dilute its stake through the IPO (initial public offering), said SBI chairman Rajnish Kumar.

SBI shelves IPO plans for general insurance arm; card JV to hit market in Q4

Investor interest for cards business is very high, and SBI Card listing will happen in March quarter, said SBI chairman Rajnish Kumar.

15 Sep 2019 6:40 PM

The market capitalisation of State Bank of India (SBI) zoomed Rs 15,841.19 crore to Rs 2,60,330.92 crore.

Six of 10 most valued cos add Rs 50,580 cr in m-cap; SBI, ICICI Bank lead

RIL, HDFC Bank, HDFC and Kotak Mahindra Bank were the other winners in terms of market valuation.

15 Sep 2019 11:19 AM

As we go forward, we will actually take a call (on IPO) and that call is to be taken by the promoters...at some point of time this decision will be taken, SBI Card Managing Director and Chief Executive Officer Hardayal Prasad said.

SBI Cards says IPO process initiated, decision on timing to hit mkt soon

State Bank of India (SBI) holds 74 per cent stake in the SBI Card and the rest is held by Carlyle Group.

02 Sep 2019 8:03 PM

The best option we believe could be that regulator enforces all incremental bulk deposits henceforth to be repo linked/flexible, SBI report said. (Photo: PTI)

Link bulk deposits to repo for effective transmission of interest rates: SBI report

A dozen public sector banks, including State Bank of India, have voluntarily linked their interest rates to repo.

21 Aug 2019 11:31 AM

SBI has waived processing fees on car loans during festival season. The bank is offering lowest interest rate starting from 8.70 per cent to customers opting for car loan, with no escalation in interest, the statement said. (Photo: File | PTI)

SBI announces home, auto loans at cheaper rates during festival season

Customers can avail the cheaper loans with added benefits such as waiver in processing fees among others.

20 Aug 2019 3:19 PM

The process of shifting to an external benchmark on rates needs to be faster and our expectation is that they should move faster, said Reserve Bank governor Shaktikanta Das. (Photo: File)

Time has come for banks to link loans, deposits to repo rate: RBI Gov Das

SBI was to first one to link loans and deposits to the repo rate from May and home loans from July, six other banks followed.

19 Aug 2019 12:40 PM

Increased spending by the government and the upcoming festival season would boost demand, said SBI Chairman Rajnish Kumar.

Credit demand subdued, economy needs stimulus: SBI Chairman

Though lack of credit demand exists in the economy, there is no supply-side constraint said SBI Chairman Rajnish Kumar.

18 Aug 2019 5:50 PM

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Dilip Cherian