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  • Rs 3,600 crore recovered from Vijay Mallya, SBI-led consortium of banks tells Supreme Court Oct 26, 2020 03:14 PM IST

    Rs 3,600 crore recovered from Vijay Mallya, SBI-led consortium of banks tells Supreme Court

    The State Bank of India-led consortium of banks also informed the Supreme Court that Rs 11,000 crore were still needed to be recovered from fugitive businessman Vijay Mallya.

  • Analysis | SBI Card Q2 NPA numbers much worse than what it appears Oct 22, 2020 07:45 PM IST

    Analysis | SBI Card Q2 NPA numbers much worse than what it appears

    The company has not classified accounts that are standard as on August 31, 2020, as NPAs following a SC order. If that is to be taken into account its Q2 gross NPAs would have jumped to 7.5%, from 1.4% Q-o-Q.

  • SBI home loan festive offers: Bank extends up to 25 bps interest concession, additional benefits for women Oct 21, 2020 11:33 AM IST

    SBI home loan festive offers: Bank extends up to 25 bps interest concession, additional benefits for women

    SBI will offer a 20 bps interest concession on loans above Rs 75 lakhs, based on CIBIL score. An additional 5 percent will be given if the application is done through the YONO platform.

  • SBI economists propose 'Adopt-A-Family' scheme: Here's all you need to know Oct 19, 2020 12:40 PM IST

    SBI economists propose 'Adopt-A-Family' scheme: Here's all you need to know

    Under the "Adopt-a-family" scheme, 7 lakh families (28 lakh individuals) would receive a combined monetary benefit of Rs 3,500 crore, according to a calculation by economists at SBI.

  • DLF raises Rs 2,400 crore from SBI to refinance debt, fund ongoing commercial projects Oct 18, 2020 05:03 PM IST

    DLF raises Rs 2,400 crore from SBI to refinance debt, fund ongoing commercial projects

    DLF Cyber City Developers Ltd (DCCDL), the joint venture between DLF and Singapore sovereign fund GIC, has 33 million sq ft of office and retail properties generating an annual rental income of Rs 3,500 crore.

  • 'Bad bank' idea finds more takers amid pandemic blues Oct 08, 2020 12:44 PM IST

    'Bad bank' idea finds more takers amid pandemic blues

    Time may be ripe to create a ‘bad bank’ as the net book value of NPAs have fallen sharply and another round of bad loan shock is round the corner in the backdrop of Covid-19, say experts

  • EXCLUSIVE: Without SBI, Yes Bank would not have been saved, says Rajnish Kumar Oct 07, 2020 02:51 PM IST

    EXCLUSIVE: Without SBI, Yes Bank would not have been saved, says Rajnish Kumar

    Outgoing SBI chairman says without the State Bank, the implications of the Yes Bank saga could have been serious to the stability of the banking system in the country. Corporate NPAs, he says, are what causes the biggest problem.

  • Rajnish Kumar hangs up his boots as SBI Chairman; cutting down bank’s gross NPA, Yes Bank bailout major achievements Oct 07, 2020 09:54 AM IST

    Rajnish Kumar hangs up his boots as SBI Chairman; cutting down bank’s gross NPA, Yes Bank bailout major achievements

    Rajnish Kumar worked at SBI for 40 years, after joining as a Probationary Officer in 1980. As he hands over the baton to his successor, SBI is in a much stabler position, financially. However, unseen shocks from COVID-19 can escalate bad loans. But as Kumar says: “A leader is only as good as his team. I always believe that a good team is essential to make things happen. Fortunately, SBI has no dearth of talent.”

  • 3,066 bank employees in Odisha test positive for COVID-19, SBI records largest numbers Oct 05, 2020 09:11 AM IST

    3,066 bank employees in Odisha test positive for COVID-19, SBI records largest numbers

    968 infected and 1 dead are SBI staff, while among private banks, 390 of Axis Bank staff tested positive

  • SBI appoints Charanjit Attra as CFO, rare lateral hire from private sector for C-suite position Oct 01, 2020 11:23 PM IST

    SBI appoints Charanjit Attra as CFO, rare lateral hire from private sector for C-suite position

    This is a rare lateral hire from the private sector by SBI for a C-suite position. In the past, it has relied on its experienced talent pool of top management

  • SBI-HUL tie up for digital payment for retailers; bank to provide paperless overdraft of up to Rs 50,000 Oct 01, 2020 02:09 PM IST

    SBI-HUL tie up for digital payment for retailers; bank to provide paperless overdraft of up to Rs 50,000

    Under the partnership, SBI will digitally empower HUL retailers and distributors through UPI based payment solutions and PoS (point-of-sale) terminals.

  • Jet Airways insolvency: All eyes on banks as they begin voting on the two bids Sep 30, 2020 02:22 PM IST

    Jet Airways insolvency: All eyes on banks as they begin voting on the two bids

    All eyes are on the banks if they will take a decision on the winning bid by October 7, the last working day of Rajnish Kumar, Chairman of SBI, the lead lender to Jet Airways

  • SBI is looking to recruit specialist cadre officers; here's how you can apply Sep 29, 2020 03:10 PM IST

    SBI is looking to recruit specialist cadre officers; here's how you can apply

    Eligible and interested candidates are required to submit their application forms online at https://bank.sbi/web/careers on or before October 8.

  • SBI waives processing fee on home loans, offers interest rate concession Sep 28, 2020 12:22 PM IST

    SBI waives processing fee on home loans, offers interest rate concession

    SBI said homebuyers can avail 5 bps interest concession if they apply for a home loan via its YONO app

  • Beware of fake WhatsApp calls and messages, SBI warns account holders Sep 28, 2020 09:35 AM IST

    Beware of fake WhatsApp calls and messages, SBI warns account holders

    “Customers are now being targeted on WhatsApp. Don't let cyber criminals fool you! Please be aware and stay vigilant." SBI said in a tweet.

  • SBI, PNB, Union Bank, BoB, Bank of Maharashtra, IDBI Bank | Check out how much bad loans each bank has written off Sep 26, 2020 06:59 PM IST

    SBI, PNB, Union Bank, BoB, Bank of Maharashtra, IDBI Bank | Check out how much bad loans each bank has written off

    As shown in the cases of SBI, PNB, Union Bank, BoB, Bank of Maharashtra and IDBI Bank, most of the time, there is no or negligible recovery for the amounts written off

  • Beware of fake emails, SBI warns customers - what you need to do Sep 25, 2020 09:11 AM IST

    Beware of fake emails, SBI warns customers - what you need to do

    SBI has mentioned a few points for its customers to do if they come across such scams.

  • SBI's Rajnish Kumar says not much demand yet for loan restructuring Sep 23, 2020 03:51 PM IST

    SBI's Rajnish Kumar says not much demand yet for loan restructuring

    SBI had on September 21 released two sets of FAQs on its resolution framework for stressed loans during the COVID-19 pandemic.

  • HDFC Bank launches FAQs on one-time loan restructuring scheme Sep 22, 2020 04:06 PM IST

    HDFC Bank launches FAQs on one-time loan restructuring scheme

    Earlier, State Bank of India had launched an online tool to help borrowers understand the details of the Covid resolution scheme.

  • How to withdraw cash from SBI’s ADWM instead of using ATMs Sep 22, 2020 12:44 PM IST

    How to withdraw cash from SBI’s ADWM instead of using ATMs

    SBI has shared a 22-second small video clip explaining about Automated Deposit and Withdrawal Machine

  • SBI's resolution framework | FAQs about personal loan restructuring Sep 22, 2020 10:50 AM IST

    SBI's resolution framework | FAQs about personal loan restructuring

    SBI released two sets of FAQs - one for personal loans and another for borrowings in the non-personal segment, such as corporate loans.

  • SBI launches online portal, FAQs for COVID-19 loan restructuring scheme Sep 21, 2020 04:17 PM IST

    SBI launches online portal, FAQs for COVID-19 loan restructuring scheme

    SBI’s retail customers upon logging in the portal will be asked to key in their account number. After completion of OTP validation and inputting a few necessary information, customers will come to know their eligibility and receive a reference number

  • SBI ATM cash withdrawal new rules from today: All you need to know Sep 18, 2020 08:11 AM IST

    SBI ATM cash withdrawal new rules from today: All you need to know

    For withdrawing Rs 10,000 and above, SBI debit cardholders now have to enter OTP sent on their registered mobile numbers along with their debit card PIN each time.

  • SBI shares rise as Citi retains buy, raises target to Rs 320 Sep 14, 2020 10:02 AM IST

    SBI shares rise as Citi retains buy, raises target to Rs 320

    The firm expects SBI to deliver better than current market perceptions on asset quality adding that concerns related to Yes Bank should also abate.

  • SBI Card to enrol 'delinquent' customers in restructuring plans: MD Sep 13, 2020 06:30 PM IST

    SBI Card to enrol 'delinquent' customers in restructuring plans: MD

    After the first moratorium ended, SBI Card made it a customer-led enrolment in the second moratorium in which a lot of customers did not enroll.

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