The loan is for a 15-year tenure, the company said in a statement without saying what interest rate it would pay on the borrowing.
01 May 2018 6:04 PM
Electoral bonds are being pitched as an alternative to cash donations made to political parties.
24 Apr 2018 4:16 PM
Retail investors are back in the market, which has seen a correction of around 10 per cent in January–March quarter.
16 Apr 2018 11:58 AM
It is aimed at preventing a repeat of the financial crisis, by ensuring that banks have enough capital to support their business.
10 Apr 2018 12:11 PM
All the 21 public sector banks had gross bad loans of over Rs 7.33 lakh crore.
08 Apr 2018 2:11 PM
The case has been registered by the CBI on a complaint from the SBI on behalf of the 14-bank consortium, officials said.
21 Mar 2018 9:17 PM
The other members of the consortium were State Bank of India, State Bank of Bikaner and Jaipur, and State Bank of Patiala.
16 Mar 2018 12:29 AM
It was later found that authorisation of three foreign travel cards was done fraudulently in the name of a single individual.
14 Mar 2018 5:20 AM
Earlier, the bank had reduced the monthly average balance (MAB) requirement to Rs 3,000 from Rs 5,000 in metro cities.
14 Mar 2018 1:56 AM
Rates for bulk deposits maturing between two to less than three years is increased by 0.75 per cent to 6.75 per cent.
28 Feb 2018 3:45 PM
According to Guv, under the flagship programme of 'Jalyukt Shivar' scheme, nearly 15,000 villages are being made drought-proof by May 2018.
26 Feb 2018 3:31 PM
SBI's UK operations will transform into a subsidiary named State Bank of India UK Limited from April 1.
26 Feb 2018 11:24 AM
Bank is also in process of integrating all financial services products from SBI and its subsidiaries with platform.
26 Feb 2018 11:17 AM
The forum also directed the bank to refund the wrongly debited amount of Rs 5,000 and pay Rs 2,000 as the legal cost to the account holder.
28 Jan 2018 5:42 AM
SBI expects Budget to be based upon inclusiveness.
23 Jan 2018 2:34 AM
SBI to sell bonds sans donors’ names, EC to keep fund records.
03 Jan 2018 1:03 AM
The officers entered a conspiracy with a Chennai-based company for a one time settlement against the total outstanding dues.
20 Dec 2017 11:03 AM
Suggests securitisation of performing loan portfolios to raise funds.
18 Dec 2017 12:41 AM
Rs 20.29 crore was to be transferred to State Bank of India and Rs 100.01 crore was to be transferred to other bank accounts, the FIR said.
08 Dec 2017 6:32 AM
Bankers and analysts say it will help industry; Other rating firms S&P, Fitch may not upgrade India soon.
18 Nov 2017 12:42 AM