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Latest Articles in State Bank of India SBI

SBI Raises $300 M From Formosa Bonds

The bonds will be listed on Taipei Exchange (TPEx), Singapore Exchange Securities Trading Ltd (SGX-ST) and India International Exchange IFSC Ltd (India INX)

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SBI, ICICI Bank, HDFC Bank Continue To Remain Systemically Important Banks: RBI

The framework requires the RBI to disclose the names of banks designated as D-SIBs starting from 2015 and place these lenders in appropriate buckets depending upon their Systemic Importance Scores (SISs).

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SBI To Acquire Nearly 10% Stake In India International Clearing Corporation

The strategic investment in IICC is aimed at strengthening the financial markets infrastructure, SBI said in a regulatory filing on Thursday.

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Reserve Bank Imposes Rs 1 Cr Penalty On SBI

RBI said the penalty is based on deficiencies in regulatory compliance and was not intended to pronounce upon the validity of any transaction or agreement entered into by SBI with its customers.

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SBI Yet To Refund Rs 164 Crore Undue Fee Charged From Jan Dhan Account Holders

Queries sent to the country's largest lender on return of charges levied on debit transactions done by such account holders during the said period of 33 months did not elicit any response.

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RBI Slaps Penalty Of Rs 1 Cr On SBI, Rs 1.95 Cr On Stanchart

Fine levied on SBI for non-compliance with the directions contained in 'Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016'

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I-Bankers Make $ 761 Mn In Advisory Fees During Jan-Sept; Lowest In 3 Years: Report

Axis Bank got USD 46.7 million or 6.1 per cent share, Goldman Sachs stood at the fourth slot with USD 46.7 million or 6.1 per cent each of the market pie, and ICICI Bank (USD 40.4 million, 5.3 per cent) comes at the fifth slot.

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RBI Grants Licence To National Asset Reconstruction Company Ltd, Says IBA CEO

Union finance minister Nirmala Sitharaman had in Budget 2021-22 said that the high level of provisioning by public sector banks of their stressed assets calls for measures to clean up bank books.

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SBI Rejects AP Government''s Rs 6,500 Crore Overdraft

The "unusual and unheard of" request by the Finance Secretary left top bureaucrats baffled since it only further exposed the state government''s perilous financial condition.

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India Needs 4-5 'SBI Size' Banks To Meet Growing Needs Of Economy: Sitharaman

As far as the long-term future is concerned, she said it is going to be largely driven by digitised processes and there is a need for seamless and interconnected digital systems for a sustainable future for the Indian banking industry

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Govt Guarantee To NARCL To Help In Development Of Secondary Mkt For Security Receipts: SBI Chief

The bad bank or NARCL will pay up to 15 per cent of the agreed value for the loans in cash and the remaining 85 per cent would be government-guaranteed security receipts.

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SBI Announces Various Offers For Home Loan Borrowers

With the introduction of the new offer, a borrower can now avail home loan for any amount at a rate as low as 6.70 per cent

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Household Debt May Have Declined To 34% In Q1 FY22: SBI Report

The average amount of debt increased by 84 per cent and 42 per cent, respectively, for rural and urban households for the six-year period ended 2018

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SBI Raises Rs 4,000 Crore Via AT1 Bonds

This is the lowest pricing ever offered on such debt, issued by any Indian bank since the implementation of Basel III capital rules in 2013

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Conversion Of Vodafone Debt Into Equity An Option: Banks To DoT

The top court has given a time period of 10 years to telecom service providers struggling to pay Rs 93,520 crore of AGR-related dues to clear their outstanding amount to the government.

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