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Business News on State Bank of India
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Bank loan growth in FY15 slowest in a decade: Fitch Ratings 

3.07 pm | 07 Jul 2015 |  Source: CNBC-TV18

In an interview with CNBC-TV18, Saswata Guha, Director, Fitch Ratings said low asset quality and insufficient capital are the main reasons for slowdow...

Kotak Bank bullish on corporate loans, eyes upto 20% growth

7.44 pm | 05 Jul 2015 |  Source: PTI

Even as big-ticket loan demand continues to be tepid, private sector lender Kotak Mahindra Bank is confident of maintaining up to 20 per cent growth i...

SBI launches initiative to speed up home loan applications

3.35 pm | 03 Jul 2015 |  Source: PTI

The initiative known as 'Project Tatkal' will help get the loan within 10 days after receipt of application form and relevant supporting documents, th...

SBI sees rates remaining steady till credit growth moves up

8.00 am | 03 Jul 2015 |  Source: PTI

SBI Chairman Arundhati Bhattacharya said although the rates in the commercial papers are lower, banks can only match those rates once credit growth pi...

SBI chief Bhattacharya spots modest recovery underway 

9.46 pm | 02 Jul 2015 |  Source: PTI

State Bank of India chairman Arundhati Bhattacharya on Thursday said the current financial year is going to be more promising than the previous one wi...

HDFC sees mobile banking overtaking net banking next year

7.47 pm | 02 Jul 2015 |  Source: PTI

Private sector lender HDFC Bank may see transactions undertaken on mobile devices overtake those on Internet banking from the next fiscal, a top offic...

IndusInd Bank-RBS deal gets Competition Commission nod

10.38 pm | 01 Jul 2015 |  Source: PTI

IndusInd Bank has received Competition Commission approval for the acquisition of Royal Bank of Scotland's gems and jewellery financing business in th...

SBI plans branch overhaul; to focus on digital banking

10.36 pm | 01 Jul 2015 |  Source: PTI

Country's largest lender State Bank of India (SBI) on Wednesday said it is undertaking a major change in branch formats and new branches will be opene...

Kotak Mahindra Bank lowers base rate to 9.75%

8.37 pm | 01 Jul 2015 |  Source: PTI

"Kotak Bank has reduced its base rate from current level of 9.85 percent per annum to 9.75 percent per annum with effect from July 2," the city-based ...

SBI aims for top spot in mobile banking

9.46 pm | 30 Jun 2015 |  Source: PTI

Country's largest lender State Bank of India (SBI) said it has chalked out a plan to give thrust to its mobile banking channel and exuded confidence t...

Citi cuts base rate to 9.35%

9.30 pm | 30 Jun 2015 |  Source: PTI

Since January this year, RBI has reduced the repo rate, at which it lends funds to banks, by 75 basis points but banks have passed only around 30 bps ...

Cholamandalam ties up with Ola to offer loans to drivers

4.15 pm | 30 Jun 2015 |  Source: PTI

Under this tie-up, Ola will share daily revenue and payment details of drivers on real time basis, a company release said....

Lakshmi Vilas Bank cuts base rate by 0.15%

2.15 pm | 30 Jun 2015 |  Source: PTI

Effective from July 1, it is the second reduction by the bank this fiscal. It had earlier cut its offering by 0.15 percent in April, following RBI Gov...

IDFC appoints former CAG Vinod Rai as independent director

12.42 pm | 30 Jun 2015 |  Source: PTI

Vinod Rai also worked as Financial Services Secretary. He was director on several boards including the State Bank of India, ICICI Bank, IDBI Bank and ...

SBI steps up recovery of bad loans in retail, realty

10.07 pm | 29 Jun 2015 |  Source: PTI

The bank's gross NPA in absolute terms declined to Rs 56,725 crore while the net NPA came down to Rs 27,591 crore at the end of March 2015. ...

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