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Credit spread with bank pacts

Sep 19, 2014 at 04:22 | Source: Calcutta Telegraph News

Mumbai, Sept. 18: Three top Indian banks today entered into agreements with their Chinese counterparts to facilitate the financing of products and services from Beijing. ICICI Bank and the State Bank of India have joined hands with the Export-Import...

SBI Tops Mobile Banking Chart With 50% Market Share

Sep 18, 2014 at 20:00 | Source: NDTV Profit

Mumbai: Largest lender State Bank of India has emerged as the leader in mobile banking with 50 per cent market share in this segment. "SBI, with over 1.15 crore registered mobile banking customers, has become the indisputable market leader i...

Interview - EPFO chief urges green light to buy stocks

Sep 18, 2014 at 03:45 | Source: FirstPost

NEW DELHI (Reuters) - The head of the Employees' Provident Fund Organisation (EPFO) says it has "no option" but to change its rules and put money into riskier investments by buying stocks for the first time to seek higher returns.K.K. Jalan...

Deposit rates soften

Sep 17, 2014 at 10:17 | Source: Calcutta Telegraph News

Mumbai, Sept. 16: Deposit rate cuts by two banks amid a liquidity slosh in the economy have raised hopes of a possible rate cut by the RBI later this month — but an eminent banker thinks otherwise. The State Bank of India today reduced deposit...

Point of Sale Cash Withdrawal Limit Should be Raised to Rs 5000: SBI

Sep 17, 2014 at 02:00 | Source: NDTV Profit

Mumbai: State Bank of India, the country's largest lender, on Tuesday said it has written to the Reserve Bank (RBI) to increase the daily cash withdrawal limit from merchant outlets having POS (point of sale) machines to Rs 5,000. "W...

SBI Cuts Rates for 1-3 Years Deposits

Sep 16, 2014 at 14:00 | Source: NDTV Profit

SBI or the State Bank of India has cut deposit rates for 1-3 years term deposits to 8.75 per cent from 9 per cent, earlier. The revision in rates is effective from September 18. "In view of abundant liquidity coupled with slower than anticip...

SBI Mutual aspires to be on Top 5 list

Sep 12, 2014 at 12:17 | Source: Calcutta Telegraph News

Calcutta, Sept. 11: SBI Mutual Fund is eyeing Rs 90,000 crore assets under management this fiscal. A joint venture of the State Bank of India and French asset management firm Amundi, SBI Mutual Fund will focus on equity and has planned three new fun...

The fundamental road ahead for Indian markets post budget

Sep 12, 2014 at 05:17 | Source: Economic Times

By Aviral Gupta Union Budget was announced last week and the markets are off their highs - Nifty high at 7,809 and Sensex high at 26,190, down by some 4.5 percentage points. What should an investor do in such a scenario, an investor probably struck ...

SBI Takes Lead in Opening Bank Accounts Under 'Jan Dhan Yojana'

Sep 12, 2014 at 00:00 | Source: NDTV Profit

New Delhi: State Bank of India has taken the lead in flagship Jan Dhan Yojana by opening over 30 lakh accounts so far, followed by Punjab National Bank. As of September 8, State Bank has opened about 21.16 lakh accounts in rural areas and 8.8 lakh&am...

Card payment network RuPay sees boost from government banking scheme

Sep 11, 2014 at 17:52 | Source: Economic Times

MUMBAI: A government drive to expand banking services in India is giving a boost to home-grown card payment network RuPay, which expects to quadruple the number of users by March and make debit cards more acceptable in a nation where cash is still k...

SBI chief Arundhati Bhattacharya among Bloomberg Market's '50 Most Influential'

Sep 11, 2014 at 12:45 | Source: Economic Times

MUMBAI: State Bank of India's (SBI) first woman chairperson Arundhati Bhattacharya been featured in the '50 Most Influential' list of Bloomberg Markets. Bhattacharya, who is the only Indian woman to be present in the list, is featured in the 'bankers...

Yet to Hear From UK Regulator on Subsidiarisation: SBI

Sep 11, 2014 at 00:00 | Source: NDTV Profit

Mumbai: State Bank of India (SBI), the country's largest lender, on Wednesday denied receiving any communication from the British banking regulator asking it to convert branches in the island nation into a wholly-owned subsidiary. "T...

NRIs may find it easier to invest in India as government readying simplified norms for investment

Sep 10, 2014 at 12:11 | Source: Economic Times

NEW DELHI: The Centre is readying to make it easier for non-resident Indians to invest in the country as it eyes increased capital flows from the community, with Finance Minister Arun Jaitley tasking a high-level panel headed by finance secretary Arv...

Tighter wilful default rules

Sep 10, 2014 at 06:07 | Source: Calcutta Telegraph News

Mumbai, Sept. 9: The Reserve Bank of India today tightened norms pertaining to wilful defaulters by stating that if a non-group company failed to honour the guarantee furnished on behalf of the defaulting entity, it would also be treated as a wilful...

Coal Block Allocations: SBI Says It Has Rs 4000-Crore Exposure

Sep 10, 2014 at 02:00 | Source: NDTV Profit

Mumbai: State Bank of India, which has Rs 4,000-crore exposure to coal mines, on Tuesday said the banking system is unlikely to take a hard knock even if the Supreme Court cancels all the 218 coal blocks allocated between 1993 and 2010. Various repor...

SBI Sends Wilful Defaulter Notice to Kingfisher Airlines

Sep 10, 2014 at 00:00 | Source: NDTV Profit

Mumbai: Days after United Bank of India declared Kingfisher Airlines, its promoter Vijay Mallya and three other directors as 'wilful defaulters', State Bank of India (SBI), the country's largest lender, has also sent a notice ...

SBI seeks RBI's nod to launch contact-less debit cards

Sep 09, 2014 at 18:53 | Source: VC Circle

VCCircle_SBI The country's largest lender State Bank of India today said it is planning to launch contact-less debit cards which would enable customers to carry out some transactions without entering the pin number. The bank has sought Reserv...

SBI's operations disrupted in Kashmir valley due to floods

Sep 09, 2014 at 17:55 | Source: FirstPost

Chandigarh: Banking operations in as many as 66 branches of State Bank of India in Kashmir valley were severely affected following heavy floods in Jammu and Kashmir where massive rescue operations are underway to help out trapped people.With no commu...

SBI Launches Savings Accounts for Children

Sep 06, 2014 at 15:59 | Source: NDTV Profit

New Delhi: State Bank of India (SBI) on Friday introduced personalised savings accounts for those below 18 years of age. India's largest lender introduced two products - 'Pehli Udaan' and 'Pehla Kadam' - three ...

UB group chairman Vijay Mallya to pursue legal action against 'wilful defaulter' tag

Sep 04, 2014 at 16:02 | Source: Economic Times

BANGALORE: Declared a wilful defaulter by state-owned United Bank of India, UB group Chairman Vijay Mallya today disagreed with the action of the lender and said he would pursue legal action. "We were not given a hearing, we have not appeared before...

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