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Latest Articles in sbi

Consumption-Driven Growth Causing 'Serious Slowdown' Warns SBI MF

Personal consumption spend has outgrown household income, leading to household savings plummeting to a low 21 per cent.

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State Bank Of India Cuts Benchmark Lending Rates By 15 BPS

SBI's one-year marginal cost of fund-based lending rate, or the MCLR, will come down to 8.25 per cent per annum from 8.40 per cent earlier with effect from Aug. 10, SBI said in a statement.

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SBI Tightens Lending Terms For Auto Dealers

In one internal memo for financing dealers selling vehicles made by Hyundai Motor Co's India unit, SBI said it is revising the lending terms because of "growing stress" in the carmaker's portfolio.

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India's SBI Says Lenders In Talks For Jet Airways' Restructuring Plan

Jet said on Wednesday a resolution plan, currently being discussed with stakeholders, contemplates options on the debt-equity mix, proportion of equity infusion by stakeholders and change in the airline’s board

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SBI Changes Names, IFSC Codes Of Nearly 1,300 Branches Post Merger With 6 Associate Banks

The merger of six associate banks and Bhartiya Mahila Bank with State Bank of India came to effect from April 1, 2017, resulting into increase in size and valuation of the bank

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SBI Reduces Charges On Non-Maintenance Of Minimum Balance

The charges for non-maintenance of AMB for customers in metro and urban centres have been reduced from a maximum of Rs 50 per month plus goods and services tax (GST), to Rs 15 per month plus GST. The above revision will benefit 25 crore bank customers

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SBI Extends Home Loan Processing Fee Waiver To March-End, Cuts Base Rate By 30 BPS

The reduction in base rate, effective from Monday, is going to bring relief for nearly 80 lakh customers of the bank whose loans are still linked to the base rate and not the marginal cost of funds-based lending rates (MCLR)

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SBI Lowers Base Rate, BPLR By 30 BPS; Leaves MCLR Unchanged

SBI did not change the marginal cost of funds-based lending rate (MCLR) which would have brought down the cost for all borrowers.

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SBI Changes Names, IFSC Codes Of Around 1,300 Branches

"Some of our old associate branches are getting merged with SBI branches. When that merger happens, the IFSC codes get changed," the banks managing director (retail and digital banking), Praveen Gupta, said

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SBI Q2 Net Up At Rs 1840 Cr; Standalone Profit Slips By 37.9 Percent

On the standalone basis, SBI's profit declined by 37.9 per cent to Rs 1,581.55 crore, from Rs 2,538.32 crore on account of rising in bad loans

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Rajnish Kumar To Head State Bank of India

Kumar, as the new head of the bank will have to tackle the issue of ongoing resolution of bad loans while supporting growth through increased lending

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Bank Employees Call For Protest March On Sept 15

The new wage revision is due from November 1, 2017 and the Indian Banks' Association (IBA) is yet to commence dialogue with seriousness.

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State Bank Of India Q4 Net Profit More Than Doubles As Expected

State Bank of India, the nation's top lender by assets, reported a more than doubling of its fourth-quarter net profit as expected, while its bad loan ratio narrowed on a quarter-on-quarter basis

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SBI Cuts Affordable Home Loan Rates By 0.25 Per Cent For New Borrowers ; Lowest In Market

India's largest lender SBI on Monday announced a steep reduction of 25 basis points in affordable housing loans to 8.35 per cent for new borrowers

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SBI Reduces Term Deposit Rates By Up To 50 Bps

The rates have been revised for medium and long term deposits and for amount below Rs 1 crore

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