News WrapGet Handpicked Stories from our editors directly to your mailbox


RBI needs to go for larger rate cut in June: SBI report

The RBI had cut the key short-term lending rate (repo) by 25 basis points each in its last two policy reviews. The central bank is slated to announce its next bi-monthly policy decision on June 6.

May 15, 2019, 14:18 PM IST

SBI cuts MCLR by 5 bps across tenors

With this cut, 1-year MCLR has come down to 8.45 percent per annum from 8.5 percent.

May 10, 2019, 18:44 PM IST

SBI reports net profit of Rs 838 crore Mar 2019 quarter; trims bad loan ratio

The state-owned lender had witnessed a net loss of Rs 7,718.17 crore during the corresponding January-March quarter of 2017-18.

May 10, 2019, 18:41 PM IST

Govt curtails sale period of electoral bonds in May to 5 days from 10 days

The government, however, did not give any reason for reducing the time period for sale of electoral bonds.

May 02, 2019, 09:54 AM IST

After snub from banks, Jet Airways cancels all operations with immediate effect

The decision from the cash-stressed company comes shortly after banks refused to provide it with an emergency funding of Rs 400 crore.

Apr 17, 2019, 19:11 PM IST

SBI Caps to shortlist bidders for Jet Airways soon

Even as the much-needed funding remains elusive for Jet Airways, merchant banker SBI Caps has started the process for sale of the financially troubled carrier for lenders.

Apr 15, 2019, 23:53 PM IST

State Bank of India cuts loan rates by marginal 5 bps

The new one-year marginal cost of funds-based lending rate (MCLR) is down to 8.50 percent now from 8.55 percent earlier, the bank said in a statement.

Apr 10, 2019, 08:57 AM IST

Bank of Baroda becomes second largest PSU bank after SBI

BoB now has over 9,500 branches, 13,400 ATMs, 85,000 employees to serve 12 crore customers.

Apr 01, 2019, 13:20 PM IST

Naresh Goyal has option to raise stake; expect buyer for Jet by May 31: SBI chief

Consortium of lenders led by the SBI Monday agreed to put in Rs 1,500 crore immediate funding by acquiring 51 percent stake in the company through issue of Rs 11.4 crore fresh shares.

Mar 26, 2019, 10:44 AM IST

Lenders to make every effort to keep Jet Airways flying: SBI

The pilots union of Jet Airways had on Tuesday threatened to stop flying from April 1 if their salaries are not paid by March 31.

Mar 20, 2019, 17:06 PM IST

Banks in no hurry to link repo with interest rates

Also, several PSU banks have not responded when asked if they planned to go for the external benchmark linking with repo rate.

Mar 12, 2019, 13:00 PM IST

In a first, SBI links pricing of loans, deposits to repo rate

The new rates linked the external benchmark rate of the repo rate, will be effective May 1, the bank said in a late evening statement.

Mar 08, 2019, 22:44 PM IST

SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments

In a release, the bank announced a special initiative for the CRPF soldiers who were martyred in a dreadful terrorist attack in Pulwama, Jammu and Kashmir.

Feb 19, 2019, 10:11 AM IST

India needs fewer and mega banks: Jaitley

In September 2018, the Alternative Mechanism, headed by Jaitley, gave in-principle approval for the merger of the three banks to create a global-sized lender.

Feb 18, 2019, 16:05 PM IST

RBI may slash interest rate by 25 bps, says SBI report

The six-member Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das will start its three-day meet in Mumbai on Tuesday and announce the policy on February 7.

Feb 05, 2019, 12:16 PM IST

Lenders considering resolution plan for Jet Airways: SBI

There are rising concerns over financial health of Jet Airways, whose shares have also taken a beating at stock exchanges.

Jan 17, 2019, 12:10 PM IST

Badhir News: Special show for hearing impaired, 5th January, 2019

This is a special segment for hearing impaired which brings to you latest updates of the afternoon. Watch this video to know the latest news stories of the day.

Jan 05, 2019, 17:34 PM IST

EDs of nationalised banks eligible to become MD of SBI: Fin Min

Traditionally, nationalised banks' EDs were elevated as MD, while DMDs were made MDs of SBI. There are four MDs in SBI and a chairman heads the bank.

Dec 18, 2018, 14:46 PM IST

Last day to link your mobile number with SBI a/c today, else internet banking will be blocked

RBI has mandated that banks must ask their customers to mandatorily register for SMS alerts for electronic banking transactions.

Nov 30, 2018, 09:52 AM IST

SBI hikes fixed deposit rates on select maturities

The revised FD rates apply for amount less than Rs 1 crore.

Nov 28, 2018, 14:18 PM IST