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SBI says merger of units not under active consideration

Last Updated: Wednesday, June 11, 2014, 17:47

State Bank of India (SBI), the country`s largest lender, said on Wednesday that a plan to merge associate banks with itself was not under active consideration and the state-owned bank could examine the option later.

SBI partners with Ezetap Mobile to launch mPOS solution

Last Updated: Wednesday, June 11, 2014, 16:40

SBI plans to deploy 5,00,000 point-of-sale terminals within the next five years, it said in a release.

FinMin shortlists B Sriram, V G Kannan for MD posts of SBI

Last Updated: Sunday, June 08, 2014, 12:48

The Finance Ministry has shortlisted two senior officials of State Bank of India (SBI) for the post of managing directors of the country's largest bank.

State Bank Group to spend 2% of profit on CSR: Bhattacharya

Last Updated: Monday, June 02, 2014, 20:25

State Bank of India Chairperson Arundhati Bhattacharya today said it would be endeavor of the Group to spend two percent of the annual net profit on CSR activities in each financial year.

SBI Mutual launches dual advantage close ended debt scheme

Last Updated: Thursday, May 29, 2014, 20:11

SBI Mutual Fund on Thursday launched SBI Dual Advantage Fund ? Series III, a 36-month close-ended debt-oriented hybrid scheme.

SBI's Bhattacharya, Kochhar among Forbes' most powerful women

Last Updated: Wednesday, May 28, 2014, 21:12

Bhattacharya is ranked 36th on the power list, while Kochhar is 43rd. Biocon founder Kiran Mazumdar-Shaw is ranked 92nd on the list.

SBI shares fall over 2% as investors book profit

Last Updated: Monday, May 26, 2014, 18:35

Shares of SBI Monday ended more than 2 percent down as investors booked profit in the blue-chip stock after a sharp rally in the previous session.

HAL to hit market in H2 FY'15 as first PSU IPO after 30 months

Last Updated: Sunday, May 25, 2014, 11:21

The disinvestment department is working on launching the equity sale of Hindustan Aeronautics Ltd in the second half of the current fiscal.

SBI exploring ways to declare Mallya wilful defaulter

Last Updated: Friday, May 23, 2014, 19:26

SBI, which has an exposure of Rs 1,600 crore to grounded airline Kingfisher, on Friday said it is exploring ways to declare Vijay Mallya as a 'wilful defaulter'.

SBI shares zoom over 10%; top gainer on Sensex, Nifty

Last Updated: Friday, May 23, 2014, 18:52

Shares of SBI today soared by over 10 per cent, adding Rs 18,175 crore to its market value, after its fourth quarter earnings came in at better-than-expected.

Markets climb to new closing peaks as SBI, power stocks surge

Last Updated: Friday, May 23, 2014, 18:47

The BSE Sensex today spurted by 319 points, or 1.31 percent, to end at a new historic closing high of 24,693.35 supported by buying in banking, refinery, capital goods and auto counters amid firm global markets.

SBI Q4 net profit falls 8% to Rs 3,041 cr

Last Updated: Friday, May 23, 2014, 13:52

SBI profit slipped 23 percent to Rs 10,891 crore in 2013-14, from Rs 14,105 crore in the previous fiscal.