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Business News on State Bank of India
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SBI, PayPal ink pact for enabling cross-border transactions

2.21 pm | 21 May 2015 |  Source: PTI

SBI would look into e-governance areas like e-visas, e-travel documents, he said. The facility would also be available to SBI debit card holders....

RBI Dy Guv warns LIC may feel pain of banking NPA woes: BS

10.11 am | 21 May 2015 |  Source: Moneycontrol.com

LIC has been buying stakes in PSU banks through private placements to help then raise capital as few other investors were willing to put money given a...

SBI inks pact with Amazon for payment, commerce solutions

7.05 pm | 20 May 2015 |  Source: PTI

The SBI, country's largest lender, will also provide loans to SME customers who supply products to Amazon to help them increase their operations....

Vedanta to refinance loans worth $1.6 bn in Indian mkts

7.45 pm | 17 May 2015 |  Source: PTI

Minerals and mining major Vedanta is eyeing the expected low interest rates in India to refinance its short-term loans of up to USD 1.6 billion (about...

SBI launches contactless debit and credit cards

8.00 pm | 14 May 2015 |  Source: PTI

Called the SBIinTouch cards, these contactless debit and credit cards are more secure and hassle-free to use at merchant outlets or ATMs and use the N...

ICICI Bank to expand China presence with Shanghai branch

12.46 pm | 14 May 2015 |  Source: PTI

The branch is likely to be inaugurated on Saturday by Prime Minister Narendra Modi, who is on a three-day visit to China. ICICI Bank's Managing Direct...

HDFC makes to world's top-10 list of consumer finance firms

3.10 pm | 10 May 2015 |  Source: PTI

HDFC is ranked 7th on the list, compiled by business magazine Forbes, where American Express is placed on the top followed by Capital One Financial, V...

Led by SBI group, PSBs dominate credits, deposits space

1.40 pm | 10 May 2015 |  Source: PTI

Public sector banks (PSBs) had 73.2 percent and 73.9 percent market share in credits and deposits respectively as of end March 2014, as per the latest...

Equifax appoints HSBC's Manish Sinha as new India head

2.35 pm | 07 May 2015 |  Source: PTI

Equifax India is a joint venture between the Atlanta, USA-headquartered Equifax and seven domestic financial institutions, including State Bank of Ind...

Bank of India reduces lending rate by 0.25% to 9.95%

3.19 pm | 02 May 2015 |  Source: PTI

The new rate will come into effect from May 4. "The Bank has decided to reduce its Base Rate by 25 basis points to 9.95 percent (from existing 10.20 p...

SBI's up to $2.4 bn share sale likely in June: Sources

12.52 pm | 24 Apr 2015 |  Source: Reuters

State-run SBI received shareholders' approval to raise funds in February as part of efforts to strengthen its balance sheet on hopes of a pickup in lo...

New priority sector lending norms to help meet targets: SBI 

8.46 am | 24 Apr 2015 |  Source: CNBC-TV18

SBI chairman Arundhati Bhattacharya says increasing the amount of home loans for PSL is a positive step. According to her, overall asset quality press...

Housing loans to grow 22% this fiscal: ICRA

9.32 am | 17 Apr 2015 |  Source: PTI

In ICRA's estimates, HFCs will need external capital of around Rs 18,000-28,000 crore to grow at 20-22 percent over the next 5 years, assuming an inte...

Punjab National Bank cuts fixed deposit rates by 0.25%

8.00 pm | 16 Apr 2015 |  Source: PTI

The rate of interest on fixed deposit in between one to five years has been reduced to 8.5 percent from 8.75 percent, PNB said in a statement. However...

SBI plans to add 8,000 more ATMs this fiscal

9.33 pm | 15 Apr 2015 |  Source: PTI

The RBI last November had capped the number of free transactions a month to five, with a charge Rs 20 for every subsequent transaction, thus ending mo...

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