Initially, under this partnership, the lending amount would be Rs 100 crore, Samunnati said in a statement.
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.
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.
"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.
On April 13, SBI Chairman Dinesh Khara had said that the bank will likely see more than 10 per cent loan growth in FY23.
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.
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.
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
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.
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.
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
SBI, the largest shareholder in YES Bank, is in favour of Kumar continuing as MD and CEO for three years.
Choudhary joined SBI as a probationary officer in 1987 and served as SBI Deputy MD in his latest role.
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.
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.
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
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.
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.
Also, why Dinesh Kumar Khara sees inflation as positive to some extent for economy, and more
A clerical error from a State Bank of India employee led to Rs 1.50 crore being transferred to the wrong beneficiaries.
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.
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.
The central board has approved raising of funds through single or multiple tranches, SBI said in a regulatory filing.
The revised interest rates on bulk term deposits amounting to Rs 2 crore and above are effective from Tuesday, the bank said.
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.