State Bank of India

State Bank of India (SBI) and Oriental Bank of Commerce (OBC) have put on sale financial accounts of the stressed companies. The move by these state-owned banks is aimed to recover dues of around...
Feb 11, 2019
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State Bank of India (SBI) chairman Rajnish Kumar said Section 29A of Insolvency and Bankruptcy Code (IBC) is being “stretched too far” and needs more clarity.   Section 29A of IBC lays down a...
Jan 18, 2019
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The country's largest bank, State Bank of India, has planned to pursue a two-pronged strategy comprising portfolio reordering that will reduce the credit risk-weighted assets (CRWA) to total...
Jun 13, 2018
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Banks will have their task cut out in the coming years, According State Bank of India, the country’s largest public sector bank, it will be a very challenging time for banks and not only because...
Jun 12, 2018
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State Bank of India (SBI) wrote off bad loans worth Rs 20,339 crore in 2016-17, shows a government data.   The amount is the highest among all the public sector banks, whose cumulative write...
Feb 12, 2018
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SBI will initiate insolvency proceedings today against a dozen defaulting companies after failing to recast their loans by the December deadline. The bank will refer Videocon Industries, Visa Steel...
Jan 01, 2018
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State Bank of India (SBI) has changed the names and IFSC codes of over 1200 branches across the country.   The changes have also been made to the branches of banks which were merged a few...
Dec 08, 2017
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The country's largest bank State Bank of India (SBI) has launched a digital service platform YONO (You Only Need One), which offers financial services and lifestyle services/products.   This...
Nov 24, 2017
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SBI has cut home loan and auto loan rates by 5 basis points, which will be effective from November 1. This is the first time in 10 months that the country’s largest bank has announced cut in its...
Nov 02, 2017
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State Bank of India accounts for over 27 per cent of the total amount owed to public sector banks by wilful defaulters.    As on March 31, there were about 1,762 wilful defaulters, who owed Rs...
Aug 21, 2017
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As the first generation of reforms completes 25 years, this seems like an opportune time for second generation reforms encompassing vital sectors such as banking, bureaucracy, judiciary and industry...
Jun 07, 2017
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India largest public sector lending, State Bank of India, has provided bonanza to the customers, who have raised loans prior to April 1, by slashing its base rate by 15 basis points (bps) to 9.10...
Apr 03, 2017
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There would be strong consolidation in the financial services sector and ultimately only five large banks, including State Bank of India (SBI) would dominate the space just like in the global space...
Apr 03, 2017
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State Bank of India (SBI) would enter the league of ‘Top 50 Global Banks’ with a balance sheet size of Rs 41 lakh crore.   Recently five associate banks - State Bank of Bikaner & Jaipur,...
Apr 03, 2017
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State Bank of India (SBI) will offer credit cards to every account holder who has a balance of Rs 20,000-25,000.   India’s largest lender will provide credit cards without even going into their...
Mar 30, 2017
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State Bank of India (SBI) justified its move of levying penalty on non-maintenance of minimum balance in accounts, saying it needs to impose some charges to balance the cost of managing a large...
Mar 09, 2017
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State Bank of India (SBI) employees can now ‘work from home’ as the country’s largest lender has launched this new facility to enable its employees to work while at home.    The SBI board has...
Mar 08, 2017
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State Bank of India (SBI) has been asked to reconsider its decision to levy penalty on non-maintenance of Minimum Average Balance (MAB), which the bank is likely to increase manifold from 1 April...
Mar 07, 2017
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You will soon have to pay a penalty on non-maintenance of minimum balance in your SBI accounts from April 1. State Bank of India (SBI) has decided to levy penalties for defaulters based on the...
Mar 06, 2017
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The latest third quarterly Gross Domestic Product (GDP) growth rate pegged at 7 per cent too good to be true in the view of an adverse impact of demonetization announced last year in November, said...
Mar 03, 2017
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Effective March 1, State Bank of India (SBI) has slashed interest rates on term deposits with maturities of between 180 days and one year, and between 456 days and three years. As per the revised...
Mar 03, 2017
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As part of a consolidation exercise, about 1,500 branches of State Bank of India (SBI) and its five associate banks — State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of...
Mar 02, 2017
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The Union Cabinet, on Wednesday, approved the proposal of merger of the State Bank of India with its subsidiary banks.   The five associated are State Bank of Bikaner and Jaipur, State Bank of...
Feb 17, 2017
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India’s largest public sector bank, State Bank of India is set to become a bank of global size. Its board of directors has given approval to the scheme of arrangement for the merger of SBI with...
Aug 30, 2016
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In a bid to clean up its balance sheet, State Bank of India plans to file civil cases against the promoters of the defaulting companies. The filing of the case against will lead to the arrest of...
Jun 15, 2016
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“I want to see actual cash, not ifs and buts.” SBI Chairman Arundhati Bhattacharya is not convinced by Kingfisher chairman Vijay Mallya’s offer to settle with banks.    Last month, Mallya had...
May 03, 2016
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State Bank of India (SBI) became the first public sector bank to launch its wealth management service ‘SBI Exclusif’. Through this service, SBI, which is India’s largest bank, will target the fast-...
Jan 15, 2016
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