State Bank Of India | The Asian Age

Saturday, May 18, 2024 | Last Update : 04:00 PM IST

State Bank of India Page-12

The bank got approval of its Executive Committee today to raise the money, which will be added as its additional tier-I capital. (Photo: Representational Image)

SBT to raise money to shore up additional tier-I capital

Company to raise up to Rs 600 crore by issuing Basel compliant bonds on private placement.

18 Feb 2017 5:36 PM

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

Shares of SBI and its associates rise after merger

The merger is likely to result in recurring savings, estimated at more than Rs 1,000 crore.

16 Feb 2017 12:57 PM

Govt gives nod to merger of SBI, associate banks

State Bank is expected to become a global-sized bank with an asset base of Rs 37 lakh crore.

16 Feb 2017 12:26 PM

State Bank chairperson Arundhati Bhattacharya.

Note ban delayed merger of SBI associate banks

Govt would shortly issue notification for a final merger order, seen as a step toward banking reforms.

15 Feb 2017 2:39 PM

Already India’s largest lender State Bank of India and the country’s largest private sector lender ICICI Bank have limited the cash transactions.

Most banks cap free cash transactions at branches

Subsequent transactions above the prescribed limit of four would attract a fee of Rs 150 per transaction.

08 Feb 2017 6:08 AM

State Bank of India chairperson Arundhati Bhattacharya. (Photo: File)

Eyeing to raise $1.5 bn capital next year: SBI chief Bhattacharya

Country's largest public sector lender is in process to complete a planned merger with its subsidiary banks.

21 Jan 2017 10:47 AM

The nation’s top public sector lender, State Bank of India, set the pace by dropping rates by 90 basis points, and other banks followed with similar or lower amounts.

Banks should give loan relief

Most banks had already cut lending rates by hefty amounts, by their standards.

05 Jan 2017 5:02 AM

They will get even better access to loans from cooperative societies with the government adding Rs 20,000 crore to the Rs 21,000 crore fund created by Nabard last month. (Photo: PTI)

Modi's New Year sops post note ban to cost govt Rs 3,500 crore annually

Modi announced a slew of schemes for multiple beneficiaries last Saturday, in a bid to soften the blow of demonetisation drive.

04 Jan 2017 11:06 AM

SBI's mega merger pushed to next fiscal year

The merger would the bank with an asset base of Rs 37 trillion or over USD 555 billion.

02 Jan 2017 6:40 PM

SBI, PNB, UBI cuts lending rate by up to 0.9 per cent

SBI's lending rate for three-year tenure has been cut from 9.05 per cent to 8.15 per cent.

01 Jan 2017 3:49 PM

We've verified records, Rs 1300 cr not deposited in Arunachal branches: SBI

'We've verified all our relevant records minutely and found that no such deposits were made in any SBI branch,' SBI Regional Manager said.

28 Dec 2016 3:22 PM

People stand in a queue outside an ATM near Connaught Place in New Delhi on Monday. (Photo: Biplab Banerjee)

Armed men loot Rs 5 lakh from ATM van

The robbery happened when the bank officials came to replenish the SBI ATM on Patparganj road in E-block.

20 Dec 2016 1:22 AM

Delhi University’s Shri Ram College of Commerce (SRCC).

SRCC students to teach digital ‘fundas’ to common people

The financial literacy cell “Vittshala,” which was launched by finance minister Arun Jaitley, has now come into action.

13 Dec 2016 2:44 AM

SBI Cards is also planning to offer existing card holders additional benefits apart from points that they earn on purchases.

SBI Cards to target low-income earners

SBI Cards will soon launch credit cards aimed at the lower income group who have the capacity to pay but don't have cards.

12 Dec 2016 5:02 PM

The banks like Kotak Mahindra bank, HDFC bank, Bank of Baroda, Dhanlakshmi Bank, UBI, to name a few, ran out of cash. (Photo: PTI)

Long queues return as ATMs run dry

‘No cash’ sign was displayed on most of the cash kiosk centres in the city.

12 Dec 2016 1:53 AM

The newly-issued Rs 2000 notes. (Photo: PTI)

8 arrested in Odisha with Rs 1.42 crore cash

Acting on a tip-off about firearms being carried in a car in Sambalpur, the police intercepted the vehicle carrying the weapons.

05 Dec 2016 3:13 AM

Banks won’t be reducing rates

This has been done with retrospective effect from September 16 to November 26 on incremental deposits of Rs 3.2 lakh crore.

29 Nov 2016 6:39 AM

POS transaction have gone up: Bhattacharya

PoS transactions went up 300 per cent in numbers and 200 per cent by value.

24 Nov 2016 4:15 PM

Buddhist monks stand in a queue in front of the Reserve Bank of India in Kolkata on Wednesday to exchange Rs 500 and Rs 1,000 notes. (Photo: PTI)

Kolkata: Ink on finger an indelible reminder

A top SBI official said since the demonetisation, the number of deposits has increased by five times.

17 Nov 2016 6:47 AM

Demonetised notes in circulation are worth over Rs 14 lakh crore. If people are holding this entire sum legally, then banks will get back Rs 14 lakh crore by March 31, 2017 .

Banks flush with cash, likely to cut rates soon

According to industry sources, all banks put together must have collected deposits worth over Rs 2 lakh crore in the last two days.

12 Nov 2016 3:37 AM

12 of 12

Columns

Shobhaa De