state bank of india - Latest News, Analysis, Opinion

According to an official, bad loans may increase because these businesses frequently have weaker cash flows or little equity, which erodes quickly during times of stress and eventually leads to defaults

State Bank Of India Rolls Out On BHIM SBIPay

Banking & Finance Banking

This real-time payment systems linkage was launched on 21 February 2023 between the India and Singapore corridor

SBI Estimates India’s GDP Growth For Q3FY23 At 4.6%

A research report from the State Bank of India stated US labour markets continue to reveal declining unemployment and high vacancy rates, a situation not pleasant to Fed and emerging economies' central banks in terms of a rate pause

SBI Raises Rs 97 Bn Through Infrastructure Bond

Banking & Finance Banking

The investors were across mutual funds, provident and pension funds, and insurance companies

Fiscal Deficit For FY24 Likely To Be Set Close To 6.0% Of GDP: SBI

The budget FY24 presents a challenge to the Modi government to stick to the road map for fiscal consolidation, amidst a global environment of declining inflation

WDRA Signs Pact With SBI To Initiate Low-interest Rate Loan To Farmers

National

The Produce Marketing Loan intends to regulate financial aid against the electronic Negotiable Warehouse Receipts (e-NWRs), also, there will be no additional collateral, interest rates and processing fee

RBI's CBDC Pilot In Retail Has Blockchain Tech Components: Centre Tells Rajya Sabha

The Reserve Bank of India (RBI) has issued a concept note on Central Bank Digital Currency (CBDC) on 7 October 2022 which can be accessed at RBI’s website, said Pankaj Chaudhary, Union Minister of State for Finance

SBI Raises Rs 10,000 Cr Through Its Maiden Infrastructure Bonds

Banking & Finance Banking

The amount raised through bonds will be utilized in enhancing long-term resources for funding infrastructure and the affordable housing segment

Major Fall In Currency In Circulation During Diwali Week: SBI Report

SBI's research report has revealed that for the first time in 20 years, there has been a major fall in currency in circulation during the Diwali week

SBI Hits All-time High After Record Quarterly Profit

At 1:39 pm on Monday, shares of SBI were trading 3.34 per cent higher at Rs 613 apiece on the BSE. The stock has rallied roughly 17 per cent since mid-October, accounting for about half of its surge this year

SBI Q2FY23 Results: Posts Highest-ever Quarterly Profit Of Rs 13,265 Cr

The lender's net interest income (NII) saw a YoY increase of 13 per cent at Rs 35,183 crore for the quarter under review compared to Rs 31,184 crore in the same quarter a year ago

Unseasonal Rains Can Impact Inflation Trajectory: SBI

In 2019, unseasonal rains that were much lower in proportion had pushed food prices up firmly by 3 per cent over the 4 months that ended January 2020, according to the report

SBI Increases Its Lending Rates By 50 Bps

SBI increases EBLR up to 8.55 per cent while RLLR to 8.15%

'All PSBs Except SBI Should Be Privatised,' Economists Say