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Air India Assets Holdings' Rs 7,000 cr bonds oversubscribed

The issue was oversubscribed with marquee market players SBI Bank, ICICI Securities, Axis Bank, ICICI Bank and SBI Capital buying it. Rating agency ICRA had given AIAHL bonds a "AAA "rating with stable outlook.

Sep 17, 2019, 11:16 AM IST

SBI opens new branch in Ladakh's Diksit at 10,400 feet

India's largest lender, State Bank of India (SBI) on Saturday opened its branch in the newly-formed Union Territory of Ladakh in Ladakh's Diksit, which is located at 10,400 feet above the sea level.

Sep 14, 2019, 15:01 PM IST

State Bank of India cuts FD, home loan interest rates across all tenors

The 1 year MCLR would come down to 8.15 percent p.a from 8.25 percent p.a. with effect from September 10, 2019.

Sep 09, 2019, 11:05 AM IST

Q1 bank loan growth fell 1.2% due to low interest income: Report

For asset financiers (AFCs), the report says there was a higher Assets under Management (AuM) growth at 20 per cent year-on-year (YoY) though PPoP was in line.

Aug 20, 2019, 15:00 PM IST

SBI announces processing fees waiver on car loans, lower housing EMIs during festive season

Customers can avail attractive and cheaper loans with added benefits –waiver in processing fees, pre-approved digital loans and loans with no escalation in interest rates – spread across various categories.     

Aug 20, 2019, 11:12 AM IST

State Bank of India cuts home loan interest rates across all tenors

SBI said that marginal cost of fund based lending rate (MCLR) will be reduced by 15 basis points across all tenors and the revised rates will be effective from August 10.

Aug 07, 2019, 14:46 PM IST

State Bank of India registers Q1 net profit of Rs 2,312 crore

SBI said the Bank's operating profit increased by 10.63 percent YoY while its net interest income grew by 5.23 percent.

Aug 02, 2019, 14:53 PM IST

SBI cuts deposit rates, keeps lending rates unchanged

SBI said that in accordance to the falling interest rate scenario and surplus liquidity, it will realign its interest rate on "Retail Term Deposits (less than Rs 2 crore) and Bulk Term Deposits (Rs 2 crore and above)".

Jul 29, 2019, 14:58 PM IST

SC to hear Vijay Mallya’s plea challenging confiscation of properties on August 2

In January this year, Mallya, had become the first businessman to be declared an FEO under the provisions of the new Fugitive Economic Offenders Act which came into existence in August 2018.

Jul 29, 2019, 12:08 PM IST

SBI YONO app down since morning, customers take to Twitter to lodge greviances

Using YONO App and website, SBI customers can integrate all their products and services from the Bank.

Jul 22, 2019, 15:35 PM IST

Fire breaks out SBI building on Sansad Marg, later doused

A fire broke out at State Bank of India (SBI) building on 11 Sansad Marg in Connaught Place on Wednesday morning. Twelve fire tenders were rushed to the spot to douse the fire. The blaze was later brought under control. 

Jul 17, 2019, 10:53 AM IST

State Bank of India waives off IMPS, NEFT, RTGS charges

Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. It is also being extended through other channels such as ATM, Internet Banking, etc.

Jul 12, 2019, 15:24 PM IST

SBI to have lead bank responsibility in three new districts in Telangana, MP

The SBI will act as the lead bank in the two new districts of Telangana - Mulugu and Narayanpet, and one district in Madhya Pradesh - Niwari.

Jun 21, 2019, 11:41 AM IST

Jet Airways: Pilots, engineers unions want to be made parties in NCLT hearing

A consortium of 26 bankers led by the SBI took the cash-strapped airline to the NCLT to recover their dues of over Rs 8,500 crore.

Jun 19, 2019, 15:24 PM IST

Banks give up on Jet Airways revival, choose to send it to NCLT

The statement further said the move was necessitated as the prospective investor wants some Sebi exemption deal the deal which can be worked out better under the IBC.

Jun 17, 2019, 18:26 PM IST

SBI refuses to disclose communication from RBI, govt on electoral bonds

Responding to an RTI filed by Pune-based activist Vihar Durve who had demanded copies of all letters, correspondence, directions, notifications or e-mails received from the RBI or any government department between 2017 and 2019, the SBI said it cannot be provided by it.

Jun 14, 2019, 16:16 PM IST

DHFL makes Rs 962 crore payment towards NCDs, to seek ratings upgrade

Crisil and ICRA had downgraded ratings on DHFL's commercial papers (CPs) worth Rs 850 crore last week, citing delay in payments.

Jun 12, 2019, 10:23 AM IST

SBI may pass on RBI's rate cut benefits to customers, announcement likely after evaluation

The RBI has announced reduction of repo rates by 25 basis points to 5.75 percent in its second bi-monthly monetary policy of 2019-20.

Jun 07, 2019, 16:55 PM IST

RBI assures all help to troubled NBFCs; SBI monitoring exposure to sector

The country's largest lender SBI too said it has been closely monitoring its exposure to the NBFC sector for the past 10 months and taking action as required.

Jun 07, 2019, 11:05 AM IST

Need to shift to structural deficit instead of fiscal deficit: SBI economists

The structural deficit is adopted by many advanced and also emerging markets, they said in a note.

Jun 04, 2019, 10:24 AM IST