October 14, 2019 11:17 AM IST The credibility of the banking sector is badly hit by the revelations of fraud at the topmost level of management. It will not be easy for the sector to gain the investors' trust again.
October 11, 2019 05:04 PM IST Net Interest Income (NII) is expected to increase by 10.6 percent Y-o-Y (up 0.8 percent Q-o-Q) to Rs. 23,124 crore, according to KR Choksey.
October 11, 2019 12:41 PM IST Deposit insurance in India protects up to Rs 1 lakh of a depositor’s money — an incredibly low figure by whichever way you seek to measure it. This level was fixed over a quarter century ago in 1993.
October 11, 2019 09:44 AM IST "The waiver will continue for proposals sourced up to October 15," the circular read
October 09, 2019 03:07 PM IST Net Interest Income (NII) is expected to increase by 10.2 percent Y-o-Y (up 0.4 percent Q-o-Q) to Rs. 23,033.4 crore, according to ICICI Direct.
October 09, 2019 10:40 AM IST This is the sixth time that the country's largest lender has cut its MCLR or minimum lending rate in the current financial year. The rate reduction is not applicable to the repo-linked loans.
October 01, 2019 11:18 AM IST Effective October 1, SBI will also charge Rs 20 for transaction declines due to insufficient balance.
October 01, 2019 11:18 AM IST Loans from SBI are expected to turn cheaper from this week by 30 basis points
September 25, 2019 07:07 PM IST The bank has fixed its lending rate based on the external benchmark (EBR) at 8.05 percent.
September 25, 2019 10:21 AM IST The brokerage firm has however raised FY21 & F22 EPS estimates by 5 percent each adding that tax rate cut outweighs lower margins. The firm believes that upside appears limited given uncertainty on asset quality and net intererst margins.
September 24, 2019 04:31 PM IST SBI Chairman Rajnish Kumar unveiled the app at an exclusive event hosted in coordination with the UK India Business Council (UKIBC) in London on September 23.
September 23, 2019 11:03 AM IST The lender has also voluntarily extended the benchmark to micro and small enterprises from October 1
September 22, 2019 03:54 PM IST Altico Capital has Rs 4,361.5 crore of principal outstanding on loans from 27 lenders including SBI, HDFC Bank, Yes Bank and IFCI
September 19, 2019 07:34 PM IST The country's second-largest credit card provider, SBI Cards & Payments Services, a subsidiary of State Bank of India, has shortlisted merchant bankers for its IPO.
September 18, 2019 10:06 AM IST HDFC Bank only took a corrective step on its exposure to the non-finance lender. Vigilant and timely action is no ‘selfish’ act
September 17, 2019 07:53 PM IST SBI Chairman Rajnish Kumar said the lender will be seeking clarification from the RBI to see if it can offer teaser loans.
September 17, 2019 12:15 PM IST Former SBI chief Arundhati Bhattacharya is looking to start a general insurance business, along with Sunil Mehta, Deepak Ishwarbhai Amin.On 3 September, Bhattacharya and Mehta registered their company, Welmo Fintech.
September 17, 2019 12:00 PM IST This is not the first time that SBI is trying to bring such a product into the market. Its earlier attempts were thwarted by the regulator as it had a different take on these hybrid loans. So, why is SBI keen on bringing them back?
September 16, 2019 12:32 PM IST The 15-year old NBFC is backed by Clearwater Capital Partners, Abu Dhabi Investment Council and Varde Partners
September 15, 2019 05:10 PM IST The move comes after the Reserve Bank has mandated banks to shift all retail lending to floating rates that will be determined by external benchmarks like the repo rate.
September 15, 2019 04:50 PM IST The bank was earlier looking for an IPO for SBI General Insurance in FY21
September 14, 2019 04:14 PM IST Every state or region has a lead-bank, which takes the mantle of ensuring adequate banking services as the convenor of the state-level banking committee.
September 12, 2019 11:04 AM IST SBI held 62.10 percent stake in life insurance company, as per shareholding pattern on June 2019.
September 11, 2019 08:17 PM IST That is what SBI Mutual Funds prefers to incorporate in its digital transformation journey – an initiative it began three years ago, and which has significantly resolved its distribution challenges.
September 11, 2019 01:15 PM IST According to the SBI, the proposed lateral hires are in the grades of assistant manager, deputy manager, manager and chief manager. These include developer, database administrator, cloud administrator, infrastructure engineer, IT security expert, cyber security - threat hunting and cyber security - and digital forensic, among others.
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