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State Bank of India

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

SBI extends credit period for auto dealers by 15-30 days

The auto sector is the worst-hit sector in the current slowdown and apart from huge inventory build-up, the companies are resorting to production shutdowns to cope up with poor sales.

Aug 19, 2019, 09:54 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

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

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

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

NCLT adjourns hearing on Jet Airways to June 20

Jet Airways owes more than Rs 8,000 crore to a consortium of banks led by the State Bank of India, which now run the airline, while it has a much larger debt pile by way of accumulated losses to the tune of Rs 13,000 crore and vendor dues of over Rs 10,000 crore and salary dues of over Rs 3,000 crore.

Jun 13, 2019, 17:54 PM IST

Home loan customers can opt between Repo rate-linked and MCLR-linked loans: SBI MD PK Gupta

He added, in case of repo rate-linked home loan, you must repay a minimum 3 per cent of the principal loan amount every year.

Jun 12, 2019, 12:23 PM 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

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

Lohani may meet SBI chief over leasing of wide-body Jet planes

Weighed down by a mountain of debt and falling revenue, Jet Airways announced suspension of its entire operations from Wednesday night and owns 16 wide-body planes, 10 B777-300ERs and six Airbus A330s.

Apr 19, 2019, 14:40 PM IST

Jet Airways pilots appeal to SBI for funds, also ask PM to save 20,000 jobs

The airline is operating just 6-7 planes, with almost its entire fleet being grounded due to non-payment of rentals to lessors amid severe paucity of cash.

Apr 15, 2019, 12:33 PM IST

SBI hopeful of resolution of Jet Airways crisis next week

Founder chairman Goyal and his family own 52 percent in the airline now which he had agreed to pare down to 22 percent to secure a financial bailout.

Mar 15, 2019, 16:33 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

Sale of electoral bonds in 3 tranches from March: FinMin

The bonds will be sold in three tranches from March 1-15, April 1-20 and May 6-15.

Feb 28, 2019, 16:14 PM IST

Jet Airways shares plunge over 6% after co grounds 7 more planes

So far this month, as many as 13 planes of the company have been grounded on account of non-payment of rentals to lessors.

Feb 28, 2019, 12:32 PM IST