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Latest Articles in state bank of india

Disinvestment In PSUs To Raise Capital For Infrastructure Building: Sitharaman

The disinvestment target includes Rs 90,000 crore to be raised from an initial public offer in Life Insurance Corporation (LIC) and a stake sale in IDBI Bank.

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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.

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Nation-Wide Strike Impacts Banking Services At PSU Banks

Branches in several parts of the country remained closed and some of the ATMs also went dry, according to reports coming various parts of the country.

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SBI Q3 Profit Jumps 41% To Rs 5,583 Cr As Asset Quality Improves

The country's biggest lender exercised the option of lower tax rate taking a one-time hit of Rs 1,333 crore.

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Operations May Be Impacted Due To Bank Unions' Two-Day Strike: SBI

The bank has however made all arrangements to ensure normal functioning in its branches and offices, the State Bank of India (SBI) said in a filing to the BSE.

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India Could Create 16 Lakh Less Payrolls In FY20: SBI

In FY19, India created 89.7 lakh new payrolls as per data by the Employees' Provident Fund Organisation (EPFO).

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Suzlon Energy Stock Slides By 10% After Default On Borrowings Worth Rs 7,256 Crore

For 2018-2019, Suzlon reported a consolidated loss of Rs 1,527 crore and debt of Rs 9,624 crore.

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GNPA, NPA Expected To Come Down By March 31: SBI Chairman

"A few resolutions have already happened. More are likely to come in the next three months. In all the banks, by March 31 both GNPA and net NPA are expected to come down," Kumar said.

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Patanjali Ayurved Completes Acquisition Of Bankrupt Ruchi Soya For Rs 4,350 Crore

Patanjali has settled Rs 4,350 crore of dues Ruchi Soya had towards financial creditors by infusing Rs 1,100 crore equity and arranging another Rs 3,250 crore via debt.

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SBI Reports Bad Loan Divergence Of Rs 11,932 Crore For FY19

Gross non-performing assets (NPAs) reported by the bank stood at Rs 1.73 lakh crore as on March 31.

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SBI Plans To Establish Nearly 10 Lakh YONO Cash Points

A customer can make bill payments and can do digital transactions by using the YONO cash feature.

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State Bank Of India Seeks Bids For Videocon's Overseas Oil, Gas Assets

SBI said it had appointed consultant Deloitte to find buyers for Videocon's exploration assets in Brazil and Indonesia.

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Sensex, Nifty End At Five-Month Low On US Fed's Comments

The broader NSE Nifty closed down 1.24 per cent at 10,980, while the benchmark BSE Sensex ended 1.23 per cent lower at 37,018.32. Both indexes reported their worst percentage fall since early July.

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SBI Cuts Deposit Rates, Keeps Lending Rates Unchanged

State-owned SBI made the largest cuts on shorter-term deposits. Annual rates for 7-45 days are being reduced to 5.0 per cent from 5.75 per cent while for 46 days to 179 days, the rate is getting cut to 5.75 per cent from 6.25 per cent.

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SBI Misses Fourth-Quarter Profit Estimate, Provisions Up Quarter-on-quarter

The Indian banking sector has been plagued by record levels of bad loans for years, and state-run lenders including SBI account for the biggest share of the pile

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