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State Bank of India

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Business News on State Bank of India
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SBI becomes top merchant acquiring bank in country

6.12 pm | 30 May 2016 |  Source: PTI

Country's largest lender State Bank of India has become the top merchant acquiring bank in the country with 2.96 lakh installed point-of-sale (PoS) te...

Likely to see 70-75% slippage in Rs 31k cr watchlist: SBI 

9.10 am | 30 May 2016 |  Source: CNBC-TV18

The bank has exposure of over Rs 1.36 lakh crore to the power sector with nearly Rs 60,000-70,000 crore to good stable companies, says B Sriram, MD & ...

PSU banks install nearly 14,000 ATMs in FY16, miss target

8.14 am | 30 May 2016 |  Source: PTI

A total of 13,935 cash dispensing machines were installed by banks in the year ending March 31, 2016 against the target of 15,249 ATMs, according to t...

Merger with associates will cut costs, improve efficiency: SBI

9.44 pm | 27 May 2016 |  Source: PTI

The proposed merger of SBI with its five associate banks and Bharatiya Mahila Bank (BMB) will lead to savings, improve treasury operations and cut r...

India home to 56 of the world's largest public firms: Forbes

9.44 am | 26 May 2016 |  Source: PTI

The 2016 Forbes 'Global 2000', a snapshot of the world's largest companies, shows the dominance of US and China in the current global business landsca...

SBI associates' staff go on strike against merger

12.00 pm | 20 May 2016 |  Source: PTI

Nearly 50,000 employees of five associate banks of State Bank of India have gone on a day-long nationwide strike today to protest the proposed merger ...

Nepal SBI Bank launches payment gateway

2.14 pm | 19 May 2016 |  Source: PTI

With the launch of above services, the customer of Nepal SBI Bank can utilise various features of mobile banking and other value added services along ...

Merger with SBI to take 9 months; employee wages to change: SBBJ

3.30 pm | 18 May 2016 |  Source: CNBC-TV18

Post the proposed merger, State Bank of Bikaner and Jaipur's (deposit and lending) rates will also fall in line with SBI’s, says Jyoti Ghosh, Managi...

Enough is enough as far as GST proceedings go: Arun Jaitley 

2.36 pm | 18 May 2016 |  Source: CNBC-TV18

In a free-wheeling chat with CNBC-TV18's Shereen Bhan, the Finance Minister said that even if Congress doesn't support GST Bill, he will allow Parliam...

Associates' merger to improve efficiency, aid financially: SBI 

6.59 pm | 17 May 2016 |  Source: CNBC-TV18

The merger will cut out overlaps with six treasuries being bundled off into one and provide scope for branch rationalisation, said Arundhati Bhattacha...

SBI looks to sell 5% stake in NSE, raise Rs 1k crore 

3.49 pm | 17 May 2016 |  Source: CNBC-TV18

The State Bank of India aims to complete the stake sale in the first quarter of FY17, CNBC-TV18's Nisha Poddar reports, quoting a public document. ...

SBI chief discusses NPA issue with Bank Board Bureau

3.50 pm | 13 May 2016 |  Source: PTI

State Bank of India Chief Arundhati Bhattacharya on May 13 said the lender has discussed various issues including bad loans with the Bank Board Bureau...

Jindal brothers sign $976 million power deal 

8.20 am | 04 May 2016 |  Source: Reuters

Jindal Steel said the deal, to be completed by mid-2018, would help it meet its liabilities while JSW gained a foothold in coal-rich eastern India thr...

Top 50 defaulters of PSBs had exposure of Rs 1.21 lakh cr

5.02 pm | 03 May 2016 |  Source: PTI

The top 50 defaulters of public sector banks had an exposure of Rs 1.21 lakh crore as on December 2015....

'Conditions coming together' to resolve NPA crisis: SBI chair 

4.00 pm | 03 May 2016 |  Source: CNBC-TV18

In an interview with CNBC, SBI Chairperson Arundhati Bhattacharya talked about bank NPAs, how the Indian banking sector needs to be restructured and w...

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