The country's largest lender has raised Additional Tier 1 bonds of Rs 1,251.30 crore at coupon rate of 9.45 percent.
The central bank's move is aimed at checking evergreening and bad loans. It will also prevent divergence of funds by corporate borrowers.
The bank said these rates are effective from March 16, 2019.
There are 10 Small Finance Banks in India currently.
While the RBI guidance was to pass on the benefit of falling interest rates to borrowers by linking lending rate to an external benchmark, SBI has also linked its savings bank rates (over a limit of Rs 1 lakh) to the external benchmark.
SBI has linked all cash credit accounts and overdrafts with limits above Rs 1 lakh to the repo rate plus a spread of 2.25 percent.
"SBI and our other colleague bankers have been trying very hard to find a reasonable solution which suits or which is appropriate for all stakeholders,"
Transition to the new norms will be yet another step in the overhaul of the credit culture, especially at state-owned banks. It should be viewed as part of the larger efforts of RBI to improve governance and prevent another massive pile up of soured loans.
Centrum Broking's Nischal Maheshwari said Infosys and Tech Mahindra are the top picks in the IT space.
Dena Bank said the Reserve Bank has imposed a penalty on it for non-compliance with the directions issued on February 20, 2018.
Banks have been wary of defaults by NBFCs and the latest data confirm the liquidity crunch they are facing.
Kumar said that the provisioning coverage ratio has also improved over the years, from 3.9 percent in FY17 to 6.1 percent in FY19 (Apr-Dec).
Any one-time transfer of accumulated reserves will have the impact of shrinking the RBI balance sheet, except in a case where the RBI transfers a part of that excess reserves to the deposits of the central government held with it. In the latter case, the transfer will only change the composition of liabilities side.
Reasoning that the banks were adequately capitalized to absorb any loss and had shown improvement in their financial performance, the board of the RBI decided to take out all the six banks from the PCA restrictions
"We have targeted recovery of Rs 2,000 crore," he said.
ING Group that had completed merger of its banking unit, ING Vysya Bank, with Kotak Mahindra Bank in April 2015, has sold its balance 3% stake in Kotak bank.
Speaking about capital infusion, Mrutyunjay Mahapatra said: "It's a proactive and positive step by the government to inject capital."
Kumar was responding to a query on why the bank had not cut the marginal cost of funds based lending rates
'We are expecting a quarterly loan growth of between 4 percent and 6 percent," he said.
Monetary policy cut policy repo rates by 25 basis points and also revised inflation projection downwards
It will result in cleaner holding structures within banking groups and ring-fence banks from change in the fortunes of subsidiaries
In terms of slippages numbers, he added that it was around 4.46 percent.
LIC will be required to eventually bring down its stake in IDBI Bank from 51 percent to 15 percent
'Should be able to reduce NPA to below 12 percent by March 31," said Rakesh Sharma, CEO of IDBI Bank.
"We may relocate but closure or reduction of branches will not happen," said Karnam Sekar, Managing Director and CEO, Dena Bank.