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SBI reduces interest rates on fixed deposits, home loans

SBI reduces interest rates on fixed deposits, home loans

The one-year MCLR will come down to 8.15 per cent per annum from 8.25 per cent per annum from Tuesday.

9 Sept 2019 11:09 AM IST

According to a source, the appointment of Challa Sreenivasulu Setty as managing director (MD) of SBI has been cleared by the BBB, headed by former Department of Personnel and Training secretary BP Sharma, while the name of Ashwin Bhatia, MD & CEO of SBI Mutual Fund, has been kept as a standby for the same position.

Operations may be impacted due to bank unions' two-day strike: SBI

Bank unions have called for a two-day nationwide strike on January 31 and February 1.

24 Jan 2020 12:59 PM IST

According to a source, the appointment of Challa Sreenivasulu Setty as managing director (MD) of SBI has been cleared by the BBB, headed by former Department of Personnel and Training secretary BP Sharma, while the name of Ashwin Bhatia, MD & CEO of SBI Mutual Fund, has been kept as a standby for the same position.

SBI Cards mops up Rs 2,769 cr from anchor investors

Shares have been allotted at the offer's upper price band of Rs 755 apiece, as per a regulatory filing.

29 Feb 2020 11:07 AM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI cuts MCLR by 5 bps across tenors

The one-year MCLR has come down to 7.85 per cent per annum from 7.90 per cent.

7 Feb 2020 11:15 AM IST

Representative Image (PTI)

Loan EMI reminders despite RBI moratorium worry borrowers

Many borrowers, credit cardholders received SMS from their lenders reminding them to maintain sufficient balance on the...

31 March 2020 4:01 PM IST

The new board of Yes Bank, led by Prashant Kumar, will take over by the end of March. (AFP)

Govt notifies Yes Bank reconstruction deal; moratorium to be lifted by...

SBI is mandated not to bring down stake below 26 per cent for at least three years

14 March 2020 12:27 PM IST

Customers of Yes Bank queue up to withdraw money from their accounts at an Automated Teller Machine (ATM) in Mumbai. (AFP)

ED arrests 'uncooperative' Yes Bank founder Rana Kapoor

The agency is probing money-laundering and lending practices that pushed the bank to the edge

8 March 2020 9:27 AM IST

About 20% SBI borrowers avail loan repayment moratorium; banks can go for debt recast says SBI Chairman Rajnish Kumar. (PTI Photo)

About 20% SBI borrowers opt for loan repayment moratorium: Chairman...

Kumar also advised borrowers to pay their loans if they are not facing any funding challenge

23 May 2020 9:19 AM IST

RBI may extend moratorium on repayment of loans for three more months. (PTI Photo)

RBI may extend moratorium on repayment of loans for three more months,...

In March, RBI had allowed a three-month moratorium on payment of all term loans due between 1 March, 2020 and 31 May,...

18 May 2020 2:46 PM IST

A few banks have also come up with lockdown offers for their customers. HDFC Bank offered discount on purchase of jewellery on Akshaya Tritya, Union Bank of India on purchase of medicine, and SBI on taking key lab tests.

Banks get on social media to brighten up the lockdown with customer...

HDFC started The Art Project to give customers a #BreakFromBoredom while PNB started a Mother's Day contest

10 May 2020 7:47 PM IST

SBI cuts benchmark lending rate by 15 bps; launches spl deposit scheme for senior citizens. (PTI Photo)

SBI cuts lending rate by 15 bps, senior citizens get a special deposit

An additional 30 basis points premium will be payable for senior citizen's retail term deposits with "5 Years & above"...

7 May 2020 4:04 PM IST

Ratings firm Crisil has reaffirmed BBB rating on Yes Banks over Rs 18,000 crore bonds . (PTI Photo)

Crisil affirms Yes Bank Rs 18k cr bonds rating at BBB

The agency has also reaffirmed its 'CRISIL A2' rating on certificates of deposit of Yes Bank

7 Jun 2020 9:03 AM IST