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State Bank of India

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News on State Bank of India
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SBI asks 70,000 employees to return money paid for overtime during demonetisation: Report

10.15 am | 17 Jul 2018 |  Source: Moneycontrol.com

SBI has said the associate banks had not merged with them during demonetisation and hence the responsibility of paying compensation lies with the five...

SBI to organise outreach programme for farmers on July 18

5.20 pm | 16 Jul 2018 |  Source: PTI

Kisan Mela is a one-of-its-kind initiative by SBI to connect with farmer customers, resolve their grievances and educate them about their rights and v...

SBI shares down 1.5% after CBI registers 3 cases of banking fraud post Rs 136-crore loss

10.21 am | 11 Jul 2018 |  Source: Moneycontrol.com

CBI has registered three separate cases of banking fraud against three companies for an alleged banking fraud that caused a cumulative loss of over Rs...

CBI registers 3 cases of banking fraud after Rs 136 cr loss to SBI

10.03 pm | 10 Jul 2018 |  Source: PTI

One of the cases is against Top Worth Pipes and Tubes Pvt. Ltd, its Directors Abhay Narendra Lodha, Shishir Shivaji Hiray, Harshraj Shantilal Bagmar, ...

Banking sector woes to continue in Q1; bigger banks to perform better

4.01 pm | 09 Jul 2018 |  Source: Moneycontrol.com

Mid-sized private lender IndusInd Bank will kick-off the earnings season reporting its first-quarter results Tuesday....

10 expert moneymaking ideas that may return up to 13% in next 1-2 months

9.14 am | 09 Jul 2018 |  Source: Moneycontrol.com

On the upside, 10,820–10,840 are the levels to watch out for. On the flipside, 10,725 followed by 10,677 are likely to act as important support leve...

MSP hike could impact retail inflation by 73 bps: SBI report

9.25 pm | 06 Jul 2018 |  Source: PTI

The SBI report added that historical trends suggest that with no government procurement, market prices have often fallen below MSP due to demand-suppl...

Banks working closely with UK authorities to recover dues from Mallya: SBI MD Arijit Basu

2.36 pm | 06 Jul 2018 |  Source: PTI

SBI is the leader of consortium of 13 banks that lent money to Mallya's now defunct Kingfisher Airlines....

Average size of education loans up 47% in FY18 despite fall in students seeking assistance

12.06 pm | 06 Jul 2018 |  Source: Moneycontrol.com

The average amount disbursed to an applicant climbed to Rs 9.6 lakh this year from Rs 6.8 lakh last year....

UK court grants enforcement order in Mallya assets case

5.11 pm | 05 Jul 2018 |  Source: PTI

The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London....

Is IDBI Bank a good buy for LIC, or will it put pressure on the insurer's earnings?

4.20 pm | 05 Jul 2018 |  Source: Moneycontrol.com

The new deal comes at a time when the life insurance giant is slowly reducing its exposure to the stock market....

Exclusive | JNPT could pay Rs 5,000 crore for Air India building

1.28 pm | 05 Jul 2018 |  Source: Moneycontrol.com

Sources said government is looking at a “cooling off period” and the deal might not go through till December....

Bankers' panel suggests 5-pronged strategy to tackle NPAs, no proposal to create a bad bank

9.14 pm | 02 Jul 2018 |  Source: Moneycontrol.com

Sunil Mehta-led committee suggests setting up an AMC with equity contribution from banks, foreign funds and infrastructure funds such as the National ...

4th tranche of electoral bonds sale from July 2: Finance Ministry

8.32 pm | 29 Jun 2018 |  Source: PTI

As per provisions of the scheme, electoral bonds may be purchased by a person, who is a citizen of India or entities incorporated or established in In...

Panel on bad bank to submit report shortly: SBI chief

8.40 pm | 28 Jun 2018 |  Source: PTI

On June 8, finance minister Piyush Goyal had announced formation of a committee under the chairmanship of PNB non-executive chairman Sunil Mehta and t...

India asks refiners to look at alternatives as it looks to cut Iranian oil imports

7.02 pm | 28 Jun 2018 |  Source: PTI

Back in 2012, EU put restrictions on insurance of Iranian oil and ships carrying them. To get around the problem, Iran supplied oil in its own tankers...

B Sriram resigns as SBI MD amid IDBI stake sale buzz

5.55 pm | 28 Jun 2018 |  Source: PTI

Sriram joined the government-run bank in 1981 as a Probationary Officer. During over three-decade-long career, he held several positions and also had ...

SBI in process to shut 9 foreign offices as part of rationalisation: MD

9.40 pm | 27 Jun 2018 |  Source: PTI

As per the banking sector agenda approved at the PSB Manthan in November last year, public sector banks (PSBs) were asked to examine all of 216 overse...

NCLT admits SBI's insolvency petition against Uttam Galva Steel subsidiary: Report

9.54 am | 27 Jun 2018 |  Source: Moneycontrol.com

The subsidiaries of Uttam Galva Steels — Uttam Value Steel and Uttam Galva Metallics — owe banks Rs 3,200 crore and Rs 2,200 crore respectively...

Arijit Basu to be new Managing Director of State Bank of India

11.22 am | 23 Jun 2018 |  Source: Moneycontrol.com

Basu was earlier the deputy managing director handling corporate accounts group...

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