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Latest Articles in sbi

SBI Sees FY23 Inflation Forecast At 6.5%

Inflation in protein items like chicken, mustard oil etc. softened in April. However, this might be an aberration, given that April was the month of Navratri and other religious festivals. This is also reflected in an increase in prices of milk and even fruits like mangoes, it said

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SBI Raises $500 Mn Offshore Borrowing From IFSC Gift City

It is another step towards SBI’s commitment to developing IFSC Gift City as an international financial hub, SBI said in a statement

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Debt Trustee Units Of SBI, Axis, IDBI Under CCI Scanner For Suspected Fee Cartel

Indian regulations mandate that companies raising debt appoint a so-called "debenture trustee" to protect the interests of investors. The trustees charge a fee from the companies issuing the debt and make independent due-diligence checks on them

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SBI Signs MoU With BSF To Provide Curated Benefits

The MoU will ensure extensive benefits to the security forces including complimentary personal and air accidental insurance (death) cover, additional cover in case of on-duty death and permanent total disability / partial disability cover, the official statement said

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SBI Stops Transactions Related To Russian Entities Under Sanctions

No transactions involving entities, banks, ports or vessels appearing on a US, European Union or United Nations sanctions list would be processed irrespective of the currency of the transaction, they said

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SBI, Bank Of Baroda And Union Bank Subscribe To Shares Of IDRCL

"Bank of Baroda has subscribed to 99,000 shares of India Debt Resolution Company Ltd (IDRCL)," the bank said in a separate regulatory filing

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ABG Shipyard Fraud: No Delay In Filing Of Case, Says SBI

The Forensic Audit has shown that between 2012-17, the accused colluded together and committed illegal activities including diversion of funds, misappropriation and criminal breach of trust.

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SBI Partners With NSE Academy To Launch Five Online Courses

The courses curated by SBI are a good blend of theory and operational aspects which will enable learners to have a deeper understanding of the fundamentals of banking, compliance, lending norms and a host of other topics.

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SBI's Registers Net Profit Of Rs. 8,432 Cr In Q3FY22

The bank added that Return on Equity (RoE) as at the end of Q3FY22 stands at 14.01 per cent which is higher by 452 bps YoY and domestic NIM for Q3FY22 at 3.40 per cent, has increased by 6 bps YoY.

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SBI Launches ‘Surya Shakti Cell’; Partners With Tata Power For Financing Solar Projects

The Bank has entered into an agreement with Tata Power Solar Systems (a Tata Power Company) for financing solar projects.

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SBI Suspends Circular On Recruitment Of Pregnant Women

The move elicited criticism from various quarters, including from labour unions and the Delhi Commission for Women.

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SBI Successfully Prices Its First International USD Denominated Public Bond For $300 Mn

Citigroup, HSBC, Credit Agricole and Standard Chartered Bank were the Joint Bookrunners for this offering and KGI Securities Taipei, SinoPac Securities Corporation Taipai, Taishin International Bank Co. Taipei have acted as co-managers for the issue, as per the official statement.

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SBI Embraces New Benchmarks In LIBOR Transition

January 01, 2022, is crucial for the LIBOR transition process since all the new transactions will be referenced to the new benchmark rates from this date as per the recommendations of RBI and other banking regulators across the world, said SBI.

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SBI Dissuades Employees From Joining 2 Day Strike

Considering the ongoing pandemic situation, resorting to a strike will cause great inconvenience to the stakeholders, the bank said.

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SBI Contributes Rs. 10 Cr To Armed Forces Flag Day Fund

The Bank will sign an MoU with the Kendriya Sainik Board (KSB) to support the education of the children of the armed forces. Also, the bank will provide a grant of Rs. 1000 per month to 8,333 war veterans’ children.

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