‘SBI’s digital platforms can handle high volume transactions’
Chennai, Nov 27 (IANS) The State Bank of India’s digital transaction platforms are geared to handle much higher transactions than the average level and post demonetisation the channel is seeing...
View ArticleCustomers vandalize SBI branch over cash crunch
Imphal, Nov 28 (IANS) Angry customers vandalized an SBI branch on the campus of Manipur University here on Monday after the bank refused to let people withdraw Rs 24,000 each. Although police...
View ArticleSBI saving accounts swell by Rs 1 lakh crore
New Delhi, Dec 5 (IANS) The country’s largest public sector lender State Bank of India on Monday said its saving accounts have swelled up by Rs 1 lakh crore after demonetisation. “Our deposits have...
View ArticleEnd-to-end banking services to go digital soon
New Delhi, Dec 5 (IANS) Crediting demonetisation for the biggest push towards digital banking, the SBI on Monday said it envisions the entire range of banking services to go digital over the next few...
View ArticleSBI to sell 3.9 per cent stake in SBI Life for Rs 1,794 crore
Chennai, Dec 9 (IANS) State Bank of India (SBI) on Friday said it has decided to sell 3.9 per cent stake in its life insurance subsidiary – SBI Life Insurance Company Ltd – for Rs.1,794 crore. In a...
View ArticleSBI cuts cost of lending rate by 0.9% across maturities
Mumbai, Jan 1 (IANS) With major infusion of fresh liquidity arising from the demonetisation measure, state-run State Bank of India said on Sunday it had cut its lending rates by 90 basis points for...
View ArticleSBI cuts cost of lending rate by 0.9% across maturities
Mumbai, Jan 1 (IANS) AWith major infusion of fresh liquidity arising from the demonetisation measure, state-run State Bank of India said on Sunday it had cut its lending rates by 90 basis points for...
View ArticleBanks take cue from SBI to cut rates
Kolkata, Jan 2 (IANS) With a bulk infusion of fresh liquidity arising out from demonetisation, banks, both public and private, on Monday slashed their lending rates, leading to home loan rates falling...
View ArticleHindustan Coca-Cola ties-up with SBI for digital transactions
New Delhi, Jan 3 (IANS) Bottling partner of Coca-Cola India, Hindustan Coca-Cola Beverages on Tuesday said it has joined hands with the State Bank of India to enable over 2.6 million retailers and...
View ArticleSBI waives card transaction fee for small merchants
Mumbai, Jan 9 (IANS) In a bid to boost digital transactions, the State Bank of India (SBI) on Monday said it has waived off the card transaction fee or the Merchant Discount Rate (MDR) charges till...
View ArticleRs 9 lakh cr already back in system post demonetisation: SBI chairman
Guwahati, Jan 12 (IANS) State Bank of India (SBI) chairman Arundhati Bhattacharya on Thursday said that about Rs 9 lakh crore of close to Rs. 13 lakh crore, which was out of the economic system, has...
View ArticleHigh tax revenues reflect mop-up from income disclosure scheme: SBI
New Delhi, Jan 16 (IANS) Stating that the official estimate of a 7.8 per cent economic growth in the last quarter of this fiscal was unrealistic, an analysis by a State Bank of India (SBI) think tank...
View ArticleMoody’s assigns Baa3 rating to SBI’s US dollar denominated notes
Chennai, Jan 17 (IANS) Global credit rating agency Moody’s Investors Service on Tuesday gave a Baa3 rating to State Bank of India’s (SBI) proposed US dollar denominated senior unsecured notes. The...
View ArticleReduction in MCLR not possible without bank deposit rates cut: SBI
New Delhi, Feb 9 (IANS) Further reduction in Marginal Cost of Funds-based Lending Rate (MCLR) is not possible if the banks are unable to cut down their deposit rates, said State Bank of India’s...
View ArticleCabinet nod for merging SBI with 5 associate banks
New Delhi, Feb 15 (IANS) The Union Cabinet on Wednesday approved the merger of State Bank of India and its five associate banks, Finance Minister Arun Jaitley announced here. “The cabinet approved the...
View ArticleMerger will lower operating costs for combined entity: SBI MD
New Delhi, Feb 16 (IANS) With the Union Cabinet granting approval to the merger into the State Bank of India (SBI) of its five associate banks, the public lender on Thursday said the combined entity...
View ArticleNo wage issue in merger of associate banks: SBI chief
Mumbai, Feb 16 (IANS) On the heels of the Cabinet approval for the merger into State Bank of India (SBI) of its five associate banks, the public lender on Thursday said there are no wage-related...
View ArticleState Bank of India website goes generic
Chennai, Feb 20 (IANS) The State Bank of India (SBI) on Monday announced rebranding of its website as bank.sbi. According SBI, the new domain name bank.sbi is the highest domain protocol known as...
View ArticleBanks need incentives to clean up bad loans: SBI
New Delhi, March 1 (IANS) The State Bank of India (SBI) on Wednesday said that the Reserve Bank of India (RBI) needs to give some incentives to banks for resolution of bad loans in terms of provisions...
View ArticleICICI Bank, SBI saw most frauds in first 3 quarters
New Delhi, March 12 (IANS) Private sector ICICI Bank suffered the most number of frauds during the first nine months of the current fiscal, while state-run State Bank of India took second place in...
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