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Latest Articles in state bank of india

SBI Employees Pledge Rs 100 Crore To PM-CARES Fund

Indian Farmers Fertiliser Cooperative Ltd (IFFCO) decided to donate Rs 25 crore to PM-CARES Fund to fight against COVID-19.

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Yes Bank To Resume Full Banking Services From Today

The RBI had imposed a moratorium on Yes Bank, restricting withdrawals to Rs 50,000 per depositor till April 3 in view of its poor financial health due to bad loans.

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Yes Bank Normal Operations From Tomorrow, ATMs Full Of Cash: Kumar

Reserve Bank of India (RBI) had imposed a moratorium on Yes Bank, restricting withdrawals to Rs 50,000 per depositor till April 3.

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SBI Cards Lists 12% Below Issue Price Of Rs 755 But Recovers Later

The Nifty 50 closed 758 points or 7.6 per cent lower at 9,197. On the BSE Ltd, SBI Cards opened at Rs 658, 13 per cent lower against issue price.

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Moratorium On Yes Bank To Be Lifted On March 18: RBI

The SBI said that it would invest Rs 7,250 crore in Yes Bank, which is much higher than Rs 2,450 crore it had planned initially for 49 per cent stake in India's fourth-largest private sector bank.

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SBI Cards Slides In Debut Hobbled By Virus Panic

SBI Cards priced its initial public offering at 755 rupees per share - the upper end of its targeted range - aiming to raise $1.4 billion and making it the country's largest IPO in over two years.

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SBI To Buy 725 Crore Yes Bank Shares At Rs 10 A Piece

The development came after the Reserve Bank of India (RBI) last week released a draft scheme for the reconstruction of Yes Bank.

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SBI Reduces MCLR By 10 To 15 Basis Points Across All Tenors

Retail term deposit interest rates will be reduced by 10 basis points for one year and above tenor and 50 basis points for deposits up to 45 days.

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Yes Bank Customers Can Use IMPS, NEFT To Pay Dues

State Bank of India's legal team has started due diligence as the public sector lender prepares to infuse Rs 2,450 crore to pick up to 49 per cent stake

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'No Question' Of Yes Bank Merging With SBI - Administrator

The Reserve Bank of India (RBI) on Thursday took control of Yes Bank, after the lender - which is laden with bad debts - failed to raise the capital it needs to stay above mandated regulatory requirements.

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SBI Team Working On Yes Bank Rescue Plan, Depositors' Money Safe: Chairman Kumar

The number of equity shares will also be altered to 24,000 crore of Rs 2 each aggregating to Rs 48,000 crore.

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RBI Announces Draft Revival Plan For Yes Bank, SBI Willing To Invest

RBI plans to alter the authorised capital for the reconstituted bank to Rs 5,000 crore and number of equity shares will also be altered to 24,000 crore of Rs 2 each aggregating to Rs 48,000 crore.

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Yes Bank Plunges 60%, Panicked Depositors Rush To Withdraw Funds

Shares of Yes Bank plunged as much as 85% to wipe out more than $1 billion of market value, marking the biggest intra-day fall in an Indian blue-chip stock.

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India Places Troubled Lender Yes Bank Under Moratorium, Takes Over From Board

The central bank said the move was necessary because of a serious deterioration in the lender's financial position and that it would swiftly work on a revival plan.

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RBI Takes Control Of Bad Loan-Burdened Yes Bank

Shares of Yes Bank, which traded at 404 rupees at its peak in August 2019, fell to a record low of 5.65 rupees on Friday, with the stock plunging nearly 85%.

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