The bonds carry a coupon of 9.45 per cent payable annually with call option after five years.
23 Mar 2019 1:59 AM
SBI Chairman, Aviation Secretary and Principal Secretary to the PM met Finance Minister on Wednesday.
21 Mar 2019 1:01 AM
In December SBI shareholders approved its plans to raise up to Rs 20,000 cr through various modes including FPO, to fund growth.
18 Mar 2019 2:22 PM
Jet Airways has a debt of over Rs 8,200 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.
18 Mar 2019 11:23 AM
The grounding of nearly one-quarter of the airline’s fleet has led to cancellation of hundreds of flights and complaints from customers.
08 Mar 2019 1:03 PM
The banks had written off loans valuing just Rs 33,259 crore in Q2FY19, hopping 24 per cent y-o-y.
20 Feb 2019 4:20 PM
The programme, christened Nayi Disha or the new path, focuses on work-life balance and also involves the staffs immediate family members.
17 Feb 2019 11:07 AM
One basis point is one hundredth of a percentage point.
09 Feb 2019 2:15 AM
On the bank’s digital push, the chairman said, some 85 per cent of its entire transactions take place outside branches.
05 Feb 2019 10:37 AM
SBI had secured an unprotected server that could have allowed anyone to access information on millions of its customers.
03 Feb 2019 10:34 AM
Jet Airways is close to reaching a deal with State Bank of India for a fresh loan of 15 billion rupees.
05 Jan 2019 10:37 AM
The bank has been favoured due to its ability to raise large amount of funds.
24 Dec 2018 10:18 AM
The new rates ranging from 5 to 10 bps are applicable for deposits below Rs 1 crore and are effective immediately.
29 Nov 2018 12:09 PM
India’s banks have been plagued by a surge in non-performing loans which hit a record USD 150 billion at the end of March.
12 Oct 2018 5:23 PM
Punjab National Bank also increased its benchmark lending rates or MCLR last week.
11 Oct 2018 5:17 PM
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
Chiefs of SBI, LIC meet FM to discuss matters relating to infra lender.
09 Oct 2018 5:08 PM
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
The new withdrawal limit will be effective from October 31.
01 Oct 2018 12:04 PM
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