Payments bank licence to leverage telecom, retail business: RIL
Aug 21, 2015 at 20:54 | Source:
New Delhi: Reliance Industries today said the payments bank licence will "leverage" its telecom business Reliance Jio's pan-India network and retail arm's model, even as its tie-up with SBI will help create the most extensive distribution n...
Difficult to give fresh loans to NPA accounts, says SBI
Aug 20, 2015 at 20:59 | Source:
Mumbai: Country's largest lender State Bank of India today expressed concerns about giving fresh loans to accounts which have become non performing assets(NPA) and said the banks do not have any incentive by doing so."You can say the regulator h...
SBI's mobile wallet Buddy: All you need to know
Aug 19, 2015 at 14:10 | Source:
The State Bank of India on 18 August launched Buddy - a mobile wallet in 13 languages. Simply put, a mobile wallet is a semi-closed prepaid wallet which you can use to transfer money to other wallet users and bank accounts.Arundhati Bhattacharya, cha...
State Bank of India launches mobile wallet app 'SBI Buddy'
Aug 18, 2015 at 16:18 | Source:
Mumbai: Country's largest lender State Bank of India on Tuesday launched a mobile wallet app, SBI Buddy, in collaboration with Accenture and Mastercard.The service will be available to existing as well as non-SBI customers.The app was launched by Fin...
India's stock markets mark lowest close in nearly two weeks| Reuters
Aug 12, 2015 at 02:30 | Source:
MUMBAI India's stock markets fell about 1 percent on Tuesday, marking their lowest close in nearly two weeks, led by declines in lenders after State Bank of India's quarterly results disappointed investors.The Bank Nifty ended 1.37 percent lower. ...
SBI sees bad loan pressures easing| Reuters
Aug 12, 2015 at 00:30 | Source:
MUMBAI State Bank of India (SBI) expects pressure from struggling borrowers to ease as the economy recovers after the strain on India's smaller firms pushed its bad debts higher in the three months to June.A slightly wider bad loan ratio in the quart...