State Bank of India will initially offer three courses - Unleashing Creativity at the Workplace, Relationship Marketing Strategy for Financial Services, and Conflict Resolution
The facility is co-financed by SMBC, MUFG Bank, Mizuho Bank, Shizuoka Bank and Bank of Yokahama.
The interest on the bonds will be paid annually for a tenor of 10 years and call option after 5 years and on anniversary date thereafter, the country's largest lender said.
State Bank of India is trading in an upmove while forming Inverse Head & Shoulders pattern and this pattern will be completed on a close above Rs 206 mark.
SBI assured customers that normal services will resume by noon. Meanwhile, SBI YONO app users may face disruptions today as it will be under maintenance for a few hours
The high court also said that the moratorium on recoveries from sale of Ambani’s assets, as provided under section 96 of the Insolvency and Bankruptcy Code (IBC), would remain in operation for now.
With respect to the capital requirement, Khara said the bank’s current capital adequacy position is comfortable.
Dinesh Khara, who is currently the Managing Director in-charge of Global Banking & Subsidiaries, joined SBI as a probationary officer in 1984 and has experience across all verticals of banking such as Retail Credit, SME and Corporate Credit and international banking operations
Yono or You Only Need One App is the lender’s integrated banking platform.
SBI MD Dinesh Kumar Khara's position will fall vacant when he's appointed the chairman of State Bank of India
From January 2011, the accounts of the company started becoming irregular and finally declared non performing assets on April 15, 2011, SBI has alleged in its complaint, which is now part of the CBI FIR.
The central board of the bank in a meeting held on Wednesday accorded the approval for raising of capital by way of issuance of Basel-III compliant debt instruments in Indian rupees during FY21, SBI said in a regulatory filing.
SBI said homebuyers can avail 5 bps interest concession if they apply for a home loan via its YONO app
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
In such circumstances, there is a need to create more businesses and entrepreneurs who have the capability to invest in operations and borrow, he noted.
Other banks involved in the case are Canara Bank, Bank of Baroda, Andhra Bank, Corporation Bank, IDBI, Central Bank of India, Dhanlaxmi Bank and Syndicate Bank
BHIM SBI Pay is an UPI app which allows users to use several banking features from bill payment to money transfer.
"With this launch, account holders of the bank can tap their Titan Pay watch on contactless payment point-of-sale (POS) machines without the need of swiping or inserting their debit card," the bank said in a statement.
With an aim to reinforce its ATM security system and safeguarding customers, the country’s largest lender, SBI had introduced OTP-based cash withdrawals of above Rs 10,000 between 8 PM – 8 AM through SBI ATMs from January 1, 2020.
Ess Dee Aluminium is a manufacturer of aluminium foils used as packaging material in the pharmaceutical, food, and fast-moving consumer goods (FMCG) sectors
For deposits maturing in 1 year to less than 2 years, the bank has slashed interest rates by 20 basis points. The proposed rates of interest shall be made applicable to fresh deposits and renewals of maturing deposits.
The firm expects SBI to deliver better than current market perceptions on asset quality adding that concerns related to Yes Bank should also abate.
The public sector lender said it has sold Rs 4,000 crore of the Basel compliant Additional Tier 1 (AT1) bonds at a coupon rate of 7.74 percent.
"A complete shift to retail may not be in the best interests because if your economy doesn't grow, even your retail at some point of time would get impacted," State Bank of India Managing Director Arijit Basu said at a virtual event organised by ET BFSI.
This is the lowest pricing ever offered on such debt, issued by any bank since the country started implementing the stringent Basel III capital rules in 2013, the lender said.