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State Bank of India

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Business News on State Bank of India
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SBI says no law broken in funding cluster bomb maker

8.52 am | 23 Jun 2016 |  Source: Reuters

A report by PAX last week listed the government-owned bank as one of 158 lenders - including JP Morgan Chase, Barclays, Bank of America and Credit Sui...

Government aims to make 6 big PSU banks out of 26: media report 

11.34 am | 22 Jun 2016 |  Source: CNBC-TV18

As per the report, the proposal seeks merging Andhra Bank, Bank of Maharashtra, Vijaya Bank with Bank of India. Another merger is likely for Syndicate...

Banks to file objections to Heineken's impleadment plea

7.40 am | 22 Jun 2016 |  Source: PTI

The Consortium of Banks led by SBI today said it would be filing objections to the Dutch beer major Heineken's application before the Debt Recovery Tr...

SBI's ATM revenue jumps 47% to Rs 310 cr in FY16

7.54 pm | 21 Jun 2016 |  Source: PTI

User charges on extra ATM withdrawals above the monthly cap of five free transactions fetched handsome gains for the State Bank of India (SBI) in 2015...

SBI launches Rs 200 cr fund to invest in fintech startups

2.08 pm | 16 Jun 2016 |  Source: PTI

The 'IT Innovation Start-up Fund' will have corpus of Rs 200 crore, she said. The announcement comes against the backdrop of a greater thrust from the...

Market under-estimating negatives from SBI merger: Hazari 

11.53 am | 16 Jun 2016 |  Source: CNBC-TV18

The senior management's focus will now shift from recovering SBI's non-performing assets (NPAs) issues to the 7 branches merged and its 70,000 employ...

Standard Chartered alleges Vijay Mallya colluded with bankers

6.54 am | 16 Jun 2016 |  Source: PTI

Making submissions before DRT Presiding Officer C R Benakanahalli, SCB's counsel G Krishnamurthy argued that the fact that Mallya did not object to th...

SBI enters into alliance with American Express

7.36 pm | 15 Jun 2016 |  Source: PTI

India's largest lender State Bank of India (SBI) and American Express have entered into alliance to expand AmEx card acceptance in India....

Merger to reduce duplication, to be complete by March 2017: SBI 

2.43 pm | 15 Jun 2016 |  Source: CNBC-TV18

The bank will now start working on a merger process which will be completed by March 2017, says VG Kannan, Managing Director & Group Executive, SBI. ...

Vijay Mallya: India wrong to sequester some assets in graft case

9.15 am | 13 Jun 2016 |  Source: Reuters

The Enforcement Directorate (ED) tweeted that it had "attached" properties worth Rs 14.11 billion (USD 210.78 million) in the case involving a loan fr...

SBI begins working on framework for subsidiaries merger

2.52 pm | 12 Jun 2016 |  Source: PTI

State-run banking behemoth SBI has set up a crack team to prepare a framework for amalgamation of five associate banks with itself, even as the politi...

Cash-rich firms may deepen govt bond mkt, but spur volatility

3.41 pm | 10 Jun 2016 |  Source: Reuters

TCS ploughed USD 3 billion into the market from January to March, its annual balance sheet showed last month, shifting funds that totalled 80 percent ...

SBI, CaixaBank ink pact to fund Indo-Spanish JVs, local biz

3.28 pm | 10 Jun 2016 |  Source: PTI

As per the agreement, they will expand banks' guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian...

SBI merger with associates to boost market share: Bhattacharya

8.27 am | 08 Jun 2016 |  Source: PTI

"The proposed merger of five small banks with SBI will raise our market share exponentially. We will be three-time higher than the nearest competitor....

HDFC Bank slashes two-year MCLR rate to 9.20% effective June 7 

8.08 pm | 07 Jun 2016 |  Source: CNBC-TV18

HDFC Bank also reduced its one-month MCLR to 8.95 percent from 9 percent, while Bank of Baroda hiked its one-year MCLR to 9.40 percent from 9.30 perce...

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