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Latest Articles in state bank of india

SBI To Invest Rs 17.60 Billion In Yes Bank

In March this year, SBI board had approved an investment of Rs 72.50 billion into the troubled lender Yes Bank.

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Fitch Revises Outlook On 9 Indian Banks' IDRs To Negative

They are Export-Import Bank of India (EXIM), State Bank of India, Bank of Baroda, Bank of Baroda (New Zealand) Ltd, Bank of India, Canara Bank, Punjab National Bank, ICICI Bank and Axis Bank.

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SBI Profit Jumps Four-Fold On Asset Quality, Unit Stake Sale

The bank's gross bad loans as a percentage of total loans, a measure of asset quality, eased to 6.15% from 6.94% in the previous quarter

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SBI's Profit Jumps Four-fold On Gain From Card Unit Stake Sale

Net profit for the three months ended March 31 jumped to 35.81 billion rupees ($474.46 million) from 8.38 billion rupees a year earlier, Mumbai-based SBI said in a regulatory filing.

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Banking Sector Needs Recapitalisation Of Rs 4 Lakh Crore: Uday Kotak

State Bank of India (SBI) Chairman Rajnish Kumar said the country needs to invest heavily in agriculture and infrastructure sectors.

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SBI Cards Profit Increases By 44 % To Rs 1,245 Crore

Total income increased by Rs 2,465 crore or 33.8 per cent from Rs 7,287 crore for FY19 to Rs 9,752 crore for FY20

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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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