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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

Indian carrier Jet Airways Ltd sought to reassure investors on Saturday, saying it is meeting its payment obligations to lenders and other dues, such as staff commitments.

Jet Airways says meeting all payment obligations to lenders

The company has denied suggestions it told staff earlier this month it was running out of money.

12 Aug 2018 3:41 PM

Shares of SBI on Friday tumbled over 5 per cent after the lender reported a hefty loss of Rs 4,876 crore for the June quarter.

SBI shares tumble over 5 per cent on Q1 hefty loss of Rs 4,876 cr

The bank had earned a net profit of Rs 2,006 crore in the April-June period of the previous fiscal.

10 Aug 2018 3:37 PM

Country's largest lender State Bank of India (SBI) is planning to expand its Yono (you only need one) customer base to 250 million in the next two years, a top bank official said.

SBI plans to increase Yono user base to 250 million in 2 years

At present 2.5 million users are registered under Yono.

08 Aug 2018 4:56 PM

As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data.

Banks collect Rs 5,000 cr from customers for breaching minimum balance

SBI led the pack in penalising its customers for not maintaining minimum account balance.

05 Aug 2018 12:34 PM

State Bank and Reliance Jio, which are partners in a payment bank venture, on Thursday extended the same to the digital payments space that will help ramp up the nation's largest lender's digital customer base multi-fold. (Photo: AFP)

SBI, Jio extends partnership to digital payments area

SBI and Jio has a joint venture for payment bank- Jio Payments Bank.

02 Aug 2018 7:49 PM

NHAI will tomorrow ink a pact with State Bank of India (SBI) for a long-term unsecured loan to the tune of Rs 25,000 crore.

NHAI to ink MoU with State Bank of India for Rs 25,000 crore loan

This is SBI's highest long-term unsecured loan to any entity and also the largest ever loan sanctioned to NHAI.

02 Aug 2018 5:17 PM

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