State Bank of India SBI - Latest News, Analysis, Opinion

Economy India

In a related development, SBI, IBA held a press conference to explain the approach for restructuring loans

Vijay Mallya Loses UK Appeal For More Funds To Cover Indian Legal Fees

Economy India

The expenditure incurred from the CFO could face further scrutiny at a later date on the conclusion of that petition, lodged by the banks in pursuit of a judgment debt which stands at over 1 billion pounds.

Vijay Mallya Loses Bankruptcy Petition Amendment High Court Battle In UK

Economy

The Indian banks, represented by the law firm TLT LLP and barrister Marcia Shekerdemian, were also granted costs in totality for the petition hearings, as the “overall successful” party in the case.

'Election Advertising' By Incumbent State Govts Key To Retaining Power: Report

Economy

The economists said they analysed budget documents of respective states to reach the conclusions in the report, which is focused on underlining the importance of women in influencing state election outcomes.

SBI CGM Nair To Be CEO Of National Asset Reconstruction Company

Finance Minister Nirmala Sitharaman in the budget for 2021-22 had announced that an asset reconstruction company or a bad bank would be set up to consolidate and take over existing stressed assets of lenders and undertake their resolution.

No Immediate Plans To Raise Capital: SBI Chairman

Borrowers can get home loans starting from 6.70 per cent for loans up to Rs 30 lakh and 6.95 per cent for loans above Rs 30 lakh to Rs 75 lakh.

SBI, EIB To Invest Up To Euro 100 Mln In Indian SMEs Focused On Climate Change, Sustainability

SBI already invests in a vehicle called Neev Funds for its impact investing objectives, and the two entities have created 'Neev Fund II' for taking ahead this partnership.

SBI Digital Services To Be Affected Due To Maintenance On May 7

The bank's digital banking platforms, including Yono, Yono lite, internet banking, Unified Payments Interface (UPI) was affected due to maintenance.

Be Alert Against Fraudsters; Desist From Sharing Sensitive Info Online: SBI Tells Customers

The Reserve Bank of India (RBI) has also been running customer awareness campaign 'RBI Says' to save customers from being cheated by fraudsters.

SBI Life Q4 Net Profit Nearly Flat At Rs 532 Cr

Net premium income in the fiscal rose to Rs 49,768 crore as against Rs 40,324 crore, while the single premium income increased to Rs 10,286 crore from Rs 6,764 crore.

Will Try To Keep Soft Interest Rate Regime As Long As Possible: SBI Chief

The bank has already earmarked Rs 30 crore and is engaging with non-governmental organisations (NGOs) and hospital management for setting up medical facilities on an emergency basis for the treatment of COVID-19 patients.

SBI Cuts Home Loan Interest Rate To 6.70%

The lender said home loan interest rates are now starting from 6.70 per cent for loans up to Rs 30 lakh and 6.95 per cent for loans above Rs 30 lakh to Rs 75 lakh.

Reverse Migration On Rise; Demand For MGNREGS Jobs Nearly Doubles In Apr: SBI Report

Economy India

The SBI Research report also said the GST collections, the barometer of economic activity, have likely crossed the Rs 1 lakh crore-mark for the past seventh months in a row in April, after breaking into the league last October.

SBI Central Board To Consider Raising USD 2 Billion Via Bonds

SBI shares were trading up by 2.51 per cent at Rs 353 on BSE in pre-close session.

SBI Slashes Growth Forecast To 10.4 % On Rising Lockdowns