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Business News on State Bank of India
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Four SBI Group DMDs appear for interview for MD's post

3.39 pm | 22 Dec 2014 |  Source: PTI

Those who appeared for the interview include Praveen Kumar Gupta, SBI's chief financial officer, Rajnish Kumar, managing director of SBI Caps), NK Cha...

SBI has no plans to lend to SpiceJet, says Bhattacharya

3.13 pm | 20 Dec 2014 |  Source: PTI

State Bank of India is not looking at extending any loan to the cash-strapped airline SpiceJet, Chairperson Arundhati Bhattacharya said Friday....

SBI opens 385 digital tech centres across India 

10.05 pm | 19 Dec 2014 |  Source: CNBC-TV18

Going forward, SBI plans to open digital branches, making all digital content come under digital space. ...

IDBI to sell 5% stake in NSE

4.05 pm | 19 Dec 2014 |  Source: PTI

The NSE commands a market value of nearly USD 3.5 billion (about Rs 21,000 crore) as per the previous transaction. This would peg the value of IDBI's ...

RBI slaps Rs 50 lk penalty on ICICI Bank, Rs 25 lk on BoB

8.22 pm | 17 Dec 2014 |  Source: PTI

The Reserve Bank also cautioned SBI, Axis Bank and State Bank of Patiala in the same case. "The RBI has imposed monetary penalty on the two banks for ...

RBI nod to recast project loans will boost infra: Experts 

10.25 am | 16 Dec 2014 |  Source: CNBC-TV18

Earlier, banks were allowed to restructure only those project loans sanctioned after July 15 this calendar...

Need to ensure infra projs' viability for restructuring:SBI 

9.31 pm | 15 Dec 2014 |  Source: CNBC-TV18

Arundhati Bhattacharya, chairman, SBI says the new infra, core sector project refinancing norms are a relief. "We were wanting it for existing project...

Rs 8,900cr in taxes pending against LIC, SBI, BSNL: Panel

1.54 am | 12 Dec 2014 |  Source: PTI

The Public Accounts Committee said taxes over Rs 4.08 lakh crore were uncollected in FY 2012 and in FY 2013 the amount was Rs 4.86 lakh crore....

Hope to contain gross NPA below 5% this quarter: Andhra Bk 

1.34 pm | 10 Dec 2014 |  Source: CNBC-TV18

The farm loan waiver of up to Rs 1.5 lakh per family announced by Andhra Pradesh Chief Minister Chandrababu Naidu is getting implemented today. ...

Lending rates can be cut when credit picks up: SBI 

8.42 pm | 09 Dec 2014 |  Source: PTI

If the deposit rates are very high, it is difficult for banks to lower lending rates, the SBI chairman added....

SBI launches first homegrown economic indicator

7.44 pm | 09 Dec 2014 |  Source: PTI

The SBI Composite Index rivals the existing data point from British lender HSBC. The SBI index has been developed on the basis of the bank's internal ...

OBC cuts rates on select term deposits by 0.10%

8.48 pm | 08 Dec 2014 |  Source: PTI

The new rates, which is for term deposits less than Rs 1 crore, will come to effect from December 9, 2014, the bank said....

Axis Bank cuts deposit rates

6.06 pm | 08 Dec 2014 |  Source: CNBC-TV18

Staying in step with the State Bank of India, Axis Bank on Friday cut interest rates by 17 basis points to 75 basis points on deposits of less than a ...

Q3 margins may not reflect lower deposit rates: Federal Bk 

1.15 pm | 08 Dec 2014 |  Source: CNBC-TV18

The commercial private sector lender expects net interest margins in the range of 3.2-3.3 percent for Q3. ...

SBI cuts retail term deposit rates by 25 bps 

12.50 pm | 05 Dec 2014 |  Source: CNBC-TV18

Term deposits for 1-3 years and 3-5 years has been lowered to 8.5 percent from existing 8.75 percent, while for 5 years and above it has been reduced ...

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