state bank of india - Latest News, Analysis, Opinion

Approved by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi, 5 out of 10 appointed MDs and CEOs of state-owned banks are working as deputy MDs in SBI

SBI Denies Any Leniency On Its Part In Dealing With Fugitive Vijay Mallya Case

Denying any laxity on its part in dealing with the loan default by Vijay Mallya's now defunct Kingfisher Airline, SBI has said that rather it has been taking proactive measures to recover the defaulted amounts

Anshula Kant Appointed SBI Managing Director

The Appointments Committee of Cabinet approved the appointment of Anshula Kant as the Managing Director of SBI through an official order

SBI, ICICI Banks Raise Benchmark Lending Rate By Up To 0.2 Per Cent

Banking & Finance Regulations

The new lending rates are effective from yesterday and have increased from 7.9 per cent to 8.1 per cent by SBI and 0.15 per cent to 8.55 per cent by ICICI

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

Sudden Depreciation Or Appreciation Of Rupee Not Good: SBI

Companies & Markets Markets Stock Market

Rupee had experienced an orderly depreciation as it moved from Rs 64 to a dollar to Rs 70 over a span of five to six months

SBI Posts Third Straight Quarterly Loss, Bad Loan Ratio Improves

Indian banks have been plagued by record levels of non-performing loans over recent years, and held Rs 10.36 trillion in soured assets at the end of March, with state-run banks including SBI accounting for more than 86 per cent of the pile

State Bank Of India Jumps To 12-Week High On Recovery Forecast

The lender, which accounts for more than a fifth of India's banking assets, said on Tuesday it aims to grow loans at an annual average of 12 percent through March 2020, nearly halve its gross non-performing loan ratio, bring down provisioning costs and improve margins

Cash Situation At ATMs Improving, Says SBI

Several other lenders, including PNB, Canara Bank and Axis Bank claimed that cash shortage at ATMs was limited to select pockets

State-Run Banks Gain As RBI Allows Lenders To Spread Bond Trading Losses

The RBI has also asked banks to set aside profits on sale of their investments in bonds in a reserve from the current fiscal year

SBI Closes 4.2 mm SB Accounts For Not Keeping Minimum Balance

The nation's largest lender had re-introduced the charges for non-maintenance of average monthly balance in April last year after a gap of five years

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

Nirav Modi case: After Union Bank's $300 million, SBI discloses $212-mn exposure through PNB

Country's largest lender SBI today said it has an exposure of USD 212 million (about Rs 1,360 crore) in respect to letter of undertaking issued by Punjab National Bank to Nirav Modi, but does not have any direct exposure to the absconding jewellery designer.

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