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Latest Articles in sbi

Five Of Top-10 Most Valued Firms Add Rs 56,877 Crore In Market Valuation

Reliance Industries Limited (RIL), ICICI Bank, Kotak Mahindra Bank and Infosys were among the gainers.

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NTPC Signs Term Loan Of Rs 5,000 Cr With SBI

The loan facility has been extended at an interest rate linked to 3-month MCLR of the bank and has a door-to-door tenure of 15 years.

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Sensex Ends 70 Points Higher; Airtel Rallies 8%

After rallying over 363 points during the day, the 30-share Sensex ended 70.21 points or 0.17 per cent, higher at 40,356.69.

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Retail Inflation May Average At 4% In FY20: SBI Report

In October, inflation based on the Consumer Price Index (CPI) spiked to a 16-month high of 4.62 per cent on costlier food items.

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Over 3,400 Branches Of 26 PSBs Closed Or Merged In Last 5 Years: RTI

The RTI information came out at a time when the Centre is planning to consolidate 10 PSBs into four mega state-owned lenders.

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Sensex Rallies 220 Points To Reclaim 40,000 Mark; SBI Spurts 3%

After hitting a high of 40,178.12, the 30-share index ended 220.03 points, or 0.55 per cent, higher at 40,051.87.

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Pine Labs Announces Strategic Alliance With SBI

Pine Labs had entered a similar alliance last month with Federal Bank, a leading private sector bank.

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SBI Lowers Rates On Non-Repo-Linked Loans By 10 BPS

"In view of the festival season and extending the benefits to customers across all segments, we have reduced our MCLR by 10 bps across all tenors," the bank said in a statement.

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SBI To Adopt Repo Rate As External Benchmark For All Floating Rate Loans

The external benchmark for all floating rate loans for MSME, housing and retail loans effective October 1, 2019.

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SBI Chief Slams 'Selfish' Pvt Sector Bank For Altico Crisis

If any bank makes a selfish move, it can have a negative impact on the rest of the system, State Bank of India (SBI) chairman Rajnish Kumar told reporters here over the weekend.

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SBI To Move RBI To Offer Fixed-Floating Rate Home-loans: Chairman

Floating rate loans are re-set as when the interest rates fall or rise, but fixed rate loans are reset in 9-12 months.

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SBI's Credit Card Business Aims To Raise $1.1 Billion Via IPO: Source

SBI has already tapped banks to run the IPO process and a listing is expected to happen in the last quarter of this financial year, bank officials have previously said.

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SBI Cuts Interest Rates On Fixed Deposits Up To 0.5 Per Cent

The bank has slashed the interest rate for the fixed deposits with maturity of 7-45 days to 4.5 per cent from existing 5 per cent.

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Link Bulk Deposits To Repo For Effective Transmission Of Interest Rates: SBI Report

A dozen public sector banks, including State Bank of India, have voluntarily linked their interest rates to repo.

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