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  • SBI becomes first corporate partner of edX from India to offer Massive Open Online Courses Oct 28, 2020 07:56 PM IST

    SBI becomes first corporate partner of edX from India to offer Massive Open Online Courses

    State Bank of India will initially offer three courses - Unleashing Creativity at the Workplace, Relationship Marketing Strategy for Financial Services, and Conflict Resolution

  • SBI raises $1 billion loan from JBIC, other lenders Oct 28, 2020 06:08 PM IST

    SBI raises $1 billion loan from JBIC, other lenders

    The facility is co-financed by SMBC, MUFG Bank, Mizuho Bank, Shizuoka Bank and Bank of Yokahama.

  • SBI raises Rs 5,000 crore by issuing Basel-III compliant bonds Oct 26, 2020 10:27 PM IST

    SBI raises Rs 5,000 crore by issuing Basel-III compliant bonds

    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.

  • Inverse Head & Shoulder Pattern suggests buying opportunity in State Bank of India Oct 17, 2020 12:32 PM IST

    Inverse Head & Shoulder Pattern suggests buying opportunity in State Bank of India

    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 says online banking services hit due to connectivity issues, but ATMs, POS machines working Oct 13, 2020 12:00 PM IST

    SBI says online banking services hit due to connectivity issues, but ATMs, POS machines working

    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

  • Delhi HC seeks Centre, SBI stand on Anil Ambani plea to include Chinese banks in insolvency proceedings Oct 12, 2020 07:18 PM IST

    Delhi HC seeks Centre, SBI stand on Anil Ambani plea to include Chinese banks in insolvency proceedings

    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.

  • Seeing limited enquiries for corporate restructuring so far, says newly appointed SBI Chairman Khara Oct 07, 2020 05:28 PM IST

    Seeing limited enquiries for corporate restructuring so far, says newly appointed SBI Chairman Khara

    With respect to the capital requirement, Khara said the bank’s current capital adequacy position is comfortable.

  • Dinesh Khara appointed as SBI Chairman for 3 years Oct 06, 2020 09:44 PM IST

    Dinesh Khara appointed as SBI Chairman for 3 years

    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

  • SBI looking to hive off Yono into separate subsidiary, says chairman Rajnish Kumar Oct 06, 2020 11:31 AM IST

    SBI looking to hive off Yono into separate subsidiary, says chairman Rajnish Kumar

    Yono or You Only Need One App is the lender’s integrated banking platform.

  • BBB recommends Swaminthan Janakiraman, Ashwini Tewari for SBI MD positions Oct 05, 2020 08:49 PM IST

    BBB recommends Swaminthan Janakiraman, Ashwini Tewari for SBI MD positions

    SBI MD Dinesh Kumar Khara's position will fall vacant when he's appointed the chairman of State Bank of India

  • CBI books Hyderabad-based Chadalavada Infratech, its MD for Rs 166 crore SBI fraud Oct 01, 2020 08:35 PM IST

    CBI books Hyderabad-based Chadalavada Infratech, its MD for Rs 166 crore SBI fraud

    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.

  • SBI to raise up to Rs 5,000 crore through debt instruments in FY21 Sep 30, 2020 04:48 PM IST

    SBI to raise up to Rs 5,000 crore through debt instruments in FY21

    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 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

  • 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

  • Banks not risk averse, they are being prudent: SBI Chief Rajnish Kumar Sep 21, 2020 07:58 PM IST

    Banks not risk averse, they are being prudent: SBI Chief Rajnish Kumar

    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.

  • CBI books Kwality for defrauding Bank of India, other banks of Rs 1,400 crore Sep 21, 2020 06:27 PM IST

    CBI books Kwality for defrauding Bank of India, other banks of Rs 1,400 crore

    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

  • SBI UPI under upgrade, bank urges customers to use SBI Yono, net banking Sep 20, 2020 02:15 PM IST

    SBI UPI under upgrade, bank urges customers to use SBI Yono, net banking

    BHIM SBI Pay is an UPI app which allows users to use several banking features from bill payment to money transfer.

  • State Bank of India, Titan Company launch contactless payment watches Sep 16, 2020 08:01 PM IST

    State Bank of India, Titan Company launch contactless payment watches

    "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.

  • SBI OTP-based ATM withdrawal will be available 24x7 from September 18 Sep 15, 2020 04:46 PM IST

    SBI OTP-based ATM withdrawal will be available 24x7 from September 18

    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.

  • CBI books Mumbai-based Ess Dee Aluminium for allegedly defrauding SBI of over Rs 338 crore Sep 14, 2020 07:46 PM IST

    CBI books Mumbai-based Ess Dee Aluminium for allegedly defrauding SBI of over Rs 338 crore

    Ess Dee Aluminium is a manufacturer of aluminium foils used as packaging material in the pharmaceutical, food, and fast-moving consumer goods (FMCG) sectors

  • Fixed deposits: SBI revises FD interest rates; here are the latest rates Sep 14, 2020 02:47 PM IST

    Fixed deposits: SBI revises FD interest rates; here are the latest rates

    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.

  • 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 raises Rs 4,000 crore via AT1 bonds; stock up 3% Sep 10, 2020 12:20 PM IST

    SBI raises Rs 4,000 crore via AT1 bonds; stock up 3%

    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.

  • Focusing only on retail segment may not be prudent for banks in current scenario: SBI MD Arijit Basu Sep 09, 2020 05:44 PM IST

    Focusing only on retail segment may not be prudent for banks in current scenario: SBI MD Arijit Basu

    "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.

  • SBI raises Rs 4,000 crore through additional tier 1 bonds Sep 09, 2020 05:27 PM IST

    SBI raises Rs 4,000 crore through additional tier 1 bonds

    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.

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