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  • Samunnati enters into co-lending partnership with SBI for financing FPOs Jul 05, 2022 07:41 PM IST

    Samunnati enters into co-lending partnership with SBI for financing FPOs

    Initially, under this partnership, the lending amount would be Rs 100 crore, Samunnati said in a statement.

  • SBI Card partners with Aditya Birla Finance to launch ‘Aditya Birla SBI Card’ Jun 30, 2022 04:15 PM IST

    SBI Card partners with Aditya Birla Finance to launch ‘Aditya Birla SBI Card’

    The rewards-centric credit card has been launched in two variants - ‘Aditya Birla SBI Card SELECT’ and ‘Aditya Birla SBI Card’, on the Visa platform, the press release said.

  • Vijay Mallya pursues reversal of bankruptcy order in UK Jun 28, 2022 09:39 PM IST

    Vijay Mallya pursues reversal of bankruptcy order in UK

    At a case management hearing at the Chancery Division of the High Court in London on June 27, Justice Tom Leech concluded that a set of interlinked hearings in the matter would be heard together.

  • SBI, other PSU banks commit Rs 6,071 crore to Adani Group for copper business Jun 27, 2022 11:01 AM IST

    SBI, other PSU banks commit Rs 6,071 crore to Adani Group for copper business

    "Kutch Copper Ltd (KCL), a subsidiary of Adani Enterprises Ltd (AEL), is setting up a greenfield copper refinery project for production of refined copper with 1 million tonnes per annum in two phases," the company said in a statement.

  • SBI versus HDFC Bank: How will the battle of titans in Indian banking shape up? Jun 24, 2022 06:21 AM IST

    SBI versus HDFC Bank: How will the battle of titans in Indian banking shape up?

    On April 13, SBI Chairman Dinesh Khara had said that the bank will likely see more than 10 per cent loan growth in FY23.

  • Govt department to collaborate with SBI for creation of integrated pension portal Jun 21, 2022 02:16 PM IST

    Govt department to collaborate with SBI for creation of integrated pension portal

    Sessions on pension policy reforms and digitisation regarding the disbursement of pensions to central government pensioners were organised with the objective of updating SBI field functionaries during the two-day bankers' awareness programme in Udaipur, Rajasthan.

  • Improvement in capacity utilisation a clear sign of natural growth in economy: SBI chairman Jun 17, 2022 07:16 PM IST

    Improvement in capacity utilisation a clear sign of natural growth in economy: SBI chairman

    Dinesh Khara, chairman of the State Bank of India, stated on Friday that the economy's capacity utilisation has improved to 74% from 69%, indicating that it is on track for natural growth. He claimed that, among the world's large nations, India's economy is one of the most stable in the current circumstances.

  • RBI much ahead in containing inflation, but two more rate hikes likely, says SBI report Jun 13, 2022 09:48 PM IST

    RBI much ahead in containing inflation, but two more rate hikes likely, says SBI report

    According to an SBI research report released on Monday, the Reserve Bank is far ahead of the curve in managing inflation, which appears to have peaked, albeit it may raise interest rates in August and October

  • India’s highest-paid bankers: How SBI boss Khara’s salary compares with HDFC’s Mistry and others Jun 13, 2022 05:11 PM IST

    India’s highest-paid bankers: How SBI boss Khara’s salary compares with HDFC’s Mistry and others

    SBI chairman Khara received a Rs 34 lakh annual package while HDFC ‘s Mistry earned Rs 19 crore in FY22. That yawning gap epitomises the disparity between the salaries of top PSB officials and their private as well as NBFC counterparts.

  • Top-10 most valued firms lose over Rs 2.29 lakh crore in m-cap Jun 12, 2022 06:25 PM IST

    Top-10 most valued firms lose over Rs 2.29 lakh crore in m-cap

    In the ranking of top-10 firms, Reliance Industries retained the title of the most valued firm, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, LIC, SBI, HDFC and Bharti Airtel.

  • SBI chairman bullish on economic recovery as loan demand rebounds Jun 12, 2022 06:38 AM IST

    SBI chairman bullish on economic recovery as loan demand rebounds

    Companies are steadily drawing down from a $71-billion loan pipeline, Dinesh Kumar Khara, chairman of State Bank of India, says. Loan growth at the 216-year-old lender is expected to be robust, underpinned by demand from businesses after two straight years of credit contraction

  • YES Bank calls AGM on July 15 to seek approval for new board formation, Prashant Kumar’s re-appointment as MD for 3 years Jun 08, 2022 02:51 PM IST

    YES Bank calls AGM on July 15 to seek approval for new board formation, Prashant Kumar’s re-appointment as MD for 3 years

    SBI, the largest shareholder in YES Bank, is in favour of Kumar continuing as MD and CEO for three years.

  • Alok Kumar Choudhary takes over as SBI MD Jun 07, 2022 07:21 PM IST

    Alok Kumar Choudhary takes over as SBI MD

    Choudhary joined SBI as a probationary officer in 1987 and served as SBI Deputy MD in his latest role.

  • Sebi rejigs mutual fund advisory committee Jun 06, 2022 05:37 PM IST

    Sebi rejigs mutual fund advisory committee

    The regulator has inducted Chairman of NJ India Invest Neeraj Choksi into the advisory committee. Other members include Independent Trustee at SBI Mutual Fund Sunil Gulati and Independent Trustee at DSP Mutual Fund Dharmishta Narendraprasad Raval.

  • SBI Chairman Dinesh Khara draws Rs 34.42 lakh annual salary in FY22, up 13% than predecessor Rajnish Kumar Jun 06, 2022 04:22 PM IST

    SBI Chairman Dinesh Khara draws Rs 34.42 lakh annual salary in FY22, up 13% than predecessor Rajnish Kumar

    Canara Bank MD and Chief Executive Officer (MD & CEO) LV Prabhakar drew Rs 36.89 lakh annual salary in FY22, while Bank of Baroda paid a remuneration of Rs 40.46 lakh to its MD & CEO Sanjiv Chadha during the same period.

  • Ideas For Profit | Distressed valuation despite strong earnings: Factors that can trigger SBI stock uptick May 16, 2022 07:38 PM IST

    Ideas For Profit | Distressed valuation despite strong earnings: Factors that can trigger SBI stock uptick

    At the current market price, SBI is trading at 0.7 times the core book value estimated for FY24 and is attractively priced. MC Pro believes the stock is poised for a re-rating. Here’s why

  • RBI may hike rates by 75 bps by August, say SBI economists May 16, 2022 04:49 PM IST

    RBI may hike rates by 75 bps by August, say SBI economists

    The economists said they did a study of the Russian invasion's impact on inflation, which revealed that 59 per cent of the jump in prices is due to geopolitical events.

  • SBI hikes lending rate by 0.1%, EMIs to go up May 16, 2022 12:24 PM IST

    SBI hikes lending rate by 0.1%, EMIs to go up

    The revision follows an off-cycle rate increase by the Reserve Bank earlier this month. The central bank hiked the repo rate -- at which it lends short term money to banks -- by 0.40 per cent to 4.40 per cent. The lending rate revision by SBI (State Bank of India) is likely to be followed by other banks in the days to come.

  • Rising interest rates to positively impact net interest margin: SBI chairman May 16, 2022 08:36 AM IST

    Rising interest rates to positively impact net interest margin: SBI chairman

    Also, why Dinesh Kumar Khara sees inflation as positive to some extent for economy, and more

  • SBI employee’s copy-paste error leads to Rs 1.5 crore being transferred to wrong accounts May 14, 2022 12:34 PM IST

    SBI employee’s copy-paste error leads to Rs 1.5 crore being transferred to wrong accounts

    A clerical error from a State Bank of India employee led to Rs 1.50 crore being transferred to the wrong beneficiaries.

  • SBI plans to go big on co-lending partnerships, says Chairman Dinesh Khara May 13, 2022 05:06 PM IST

    SBI plans to go big on co-lending partnerships, says Chairman Dinesh Khara

    Co-lending refers to partnerships between two lenders, typically a bank and a non-bank, to offer loans to the economically weaker sections or borrowers under the so-called priority sector lending (PSL) programme. Banks are embracing co-lending to scale up business and tap credit growth.

  • Morning Trade | SBI, Eicher, Tech Mahindra, D-Mart, Escorts Results Today; Impact Of Weak Rupee May 13, 2022 07:49 AM IST

    Morning Trade | SBI, Eicher, Tech Mahindra, D-Mart, Escorts Results Today; Impact Of Weak Rupee

    Get all your stock queries answered by Rupak De of LKP. Also on the show: How does a weak Rupee impact you? We analyse with Aparna Iyer.

  • SBI board approves raising up to $2 billion via bonds in FY23 May 10, 2022 07:50 PM IST

    SBI board approves raising up to $2 billion via bonds in FY23

    The central board has approved raising of funds through single or multiple tranches, SBI said in a regulatory filing.

  • SBI hikes interest rates on bulk term deposits by 40-90 basis points May 10, 2022 06:37 PM IST

    SBI hikes interest rates on bulk term deposits by 40-90 basis points

    The revised interest rates on bulk term deposits amounting to Rs 2 crore and above are effective from Tuesday, the bank said.

  • Job alert: SBI to hire for specialist cadre officer posts, application deadline May 17; check details May 07, 2022 04:40 PM IST

    Job alert: SBI to hire for specialist cadre officer posts, application deadline May 17; check details

    The online examination, based on which candidates would be shortlisted, will be held on June 25, 2022. The call letter can be downloaded from June 16 onwards.

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