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Latest Articles in state bank of india

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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SBI Set To Own 15 Percent Of Jet Airways After Debt For Equity Swap

Jet Airways said on Monday it would seek a shareholder nod next month to convert existing debt into equity, raise more money and allow its lenders to nominate a director on its board as part of efforts to resolve its financing problems

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Jet Airways falls; Lenders May Take Write-off

Lenders to the airline are considering a plan to resolve its debt issues, top creditor State Bank of India (SBI) said on Thursday, while media reports said two main shareholders have yet to resolve their differences

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Jet Airways Defaults On Debt Payment To Banks, Shares Drop

The 25-year-old airline is facing financial difficulties and owes money to pilots, lessors and vendors. Intense pricing competition, a weak rupee and rising fuel costs weighed on Indian airlines in 2018

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A Giant Awakens

‘The bank is actively exploring the use of AI, cloud platforms and tie-ups with fintechs to speed up processes’

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SBI Raises Deposit Rates By Up To 10 bps

The new rates ranging from 5 to 10 bps are applicable for deposits below Rs 1 cr and are effective immediately

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SBI Fraud: 8 Bank Officials, Harshad Mehta's Brother Acquitted

According to the prosecution, sbi's officials in collusion with the Mehta brothers entered into a conspiracy to cheat SBI Caps, the investment banking branch of the country's largest lender, to the tune of Rs 105 crore in the sale and purchase transactions of securities from 1991 to 1992

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Lower Bad Loans Help SBI Return To Profit After 3 Quarters Of Heavy Losses

At the standalone level, net income of State Bank of India (SBI) fell 40 per cent to Rs 944.9 crore from Rs 1,581.55 crore on the back of better asset quality

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Indian Banks On Top Of Situation Over NPA Problem:SBI Chairman Rajnish Kumar

Kumar said that going by the initial results that have started coming in September, it seems that many banks are returning to profit

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SBI Chief Sees Bad Loan Provision Falling After Two Quarters

SBI, which accounts for about a fifth of India's banking assets, saw its provisions for bad loans rising 7.5 per cent in the June quarter from a year earlier, pulling it to its third straight quarter of losses

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SBI Mutual Fund Introduces Financial Calculators to Simplify Investing

FundGuru, an SBI Mutual Fund initiative, is dedicated to helping all investors - from the novice to the experienced

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