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Increased spending by the government and the upcoming festival season would boost demand, said SBI Chairman Rajnish Kumar.

Credit demand subdued, economy needs stimulus: SBI Chairman

Though lack of credit demand exists in the economy, there is no supply-side constraint said SBI Chairman Rajnish Kumar.

18 Aug 2019 5:50 PM

Currently, the bank has a consumer base of about 6 million using its SBI Card services for payment of products and services.

SBI proposes to dilute stake in credit card business

The country's largest lender currently holds 74 per cent stake in SBI Cards & Payment Services Private Limited.

14 Aug 2019 3:58 PM

After this cut, home loans of the bank have become cheaper by 35 bps since April.

SBI lowers lending rates by 15 bps from August 10

The new one-year MCLR or the marginal cost based lending rates will come down to 8.25 per cent from 8.40 pc annum.

07 Aug 2019 2:45 PM

The automobile industry in the country is currently growing through a prolonged slowdown.

Reviewing exposure to auto dealers; will ensure industry do not suffer: SBI

SBI is one of the biggest credit providers to auto dealers and individuals (auto loans), the bank said in a statement.

31 Jul 2019 6:24 PM

The bank will also monitor stock and inventory levels on a monthly basis to keep tabs on the dealer’s financial health.

SBI tightens lending terms for auto dealer: source

SBI has also cut the credit period for dealers to 60 days from 90 days.

30 Jul 2019 8:49 AM

The new rates will be effective from August 1, 2019.

SBI cuts deposit rates on various tenors

Interest rates have been reduced by 50-75 basis points (bps) for time deposits with shorter tenors of up to 179 days.

29 Jul 2019 1:16 PM

The revised charges will be applicable from September 1.

SBI to revise export transactions related service charges from Sep 1

SBI has taken into consideration the views and representations from various export promotion councils.

26 Jul 2019 8:56 AM

State Bank of India (SBI) cuts its one year MCLR by 5 bps points to 8.40 per cent.

How SBI, ICICI Bank cut MCLR will affect your home loans EMIs? read

A cut of 5-10 bps will not take down home loan interest rate instantly for the existing home loan borrower.

24 Jul 2019 1:21 PM

Lenders to Jet Airways agreed on Friday to provide some interim financing to the bankrupt airline to help it cover legal and other costs, as resolution experts look to find a potential buyer. (Photo: File)

Jet Airways’ lenders approve interim finance plan of USD 10 million: report

Apart from this, about 2,400 operational creditors have made claims worth some 123.72 billion rupees, according to reports.

20 Jul 2019 8:51 AM

Last month, Jet’s creditors, led by State Bank of India (SBI), took the airline to the bankruptcy court after failing to agree on a revival plan. (Photo: AFP/File)

Lenders of bankrupt Jet Airways to attempt to sell carrier again

An SBI-led consortium of 26 banks has informed the resolution professionals that Jet Airways owes them about 85 billion rupees.

17 Jul 2019 10:00 AM

A notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with directions issued by the RBI.

RBI slaps Rs 7 cr penalty on SBI for violating various norms

The penalty has been imposed on the bank for non-compliance of income recognition and asset classification (IRAC) norms.

16 Jul 2019 8:54 AM

Anshula brings more than 35 years of expertise in finance, banking, and innovative use of technology through her work as CFO of the State Bank of India.

SBI's Anshula Kant appointed MD and CFO of World Bank

As Managing Director and Chief Financial Officer, Kant will be responsible for financial and risk management of the World Bank Group.

13 Jul 2019 11:14 AM

The interested Banks/ARCs/ NBFCs/ FIs can conduct due diligence of these assets with immediate effect, SBI said.

SBI puts up for sale two NPA accounts to recover dues of Rs 309 crore

The e-auction of Rajashree will take place on July 22 while that of Shree Vaishnavi on July 29.

12 Jul 2019 9:34 AM

According to the police, Rs 20.75 lakh in cash, 2,200 gram of gold worth Rs 61 lakh and a car worth Rs 6 lakh were recovered from G Srinivas Rao, the cashier. (Representational Image)

Andhra SBI cashier used Manager's key to steal Rs 20 lakh from lockers: Cops

The matter came to light when a new branch manager who took charge found Rs 19 lakh cash missing from the locker.

07 Jul 2019 3:39 PM

The tribunal will hear HDFC's plea on Friday along with the main petition. (Photo: Representational/PTI)

HDFC wants NCLT to keep Jet Airways Hqs out of resolution plan

The consortium of 26 bankers led by State Bank took the grounded Jet Airways to NCLT to recover their dues of over Rs 8,500 crore.

04 Jul 2019 4:43 PM

The SBI saw the highest number of wilful defaults at 461.58 billion rupees, while PNB stood second at 250.9 billion rupees.

Wilful defaults in India cross USD 21 billion in 2018-19

As per data from RBI, gross loans and advances in state-run banks came in at 638.2 bn rupees, as of March 31, 2019.

03 Jul 2019 9:37 AM

RBI Deputy Governor Viral Acharya. (Photo: YouTube screengrab)

Early exit of Acharya from RBI not to roil markets: SBI report

In his resignation, he expressed inability to continue beyond July 23, 2019, the RBI said.

24 Jun 2019 7:24 PM

The existing framework of lending home loan products following the marginal cost of funds based lending rate (MCLR) will continue along with the new framework, the SBI said. (Photo: File | PTI)

SBI to offer home loans on basis of repo rate

In first week of June RBI had lowered the repo rate to 5.75 per cent.

19 Jun 2019 2:20 PM

Bank of Baroda reported 2,160 fraud cases (involving Rs 12,962.96 crore), Punjab National Bank 2,047 frauds (Rs 28,700.74 crore) and Axis Bank had 1,944 fraud cases involving RS 5,301.69 crore public money. (Representational Image)

Over Rs 2.05 lakh cr frauds in 11 years: ICICI Bank, SBI and HDFC among top victims

SBI reported 6,793 fraud cases involving Rs 23,734.74 crore followed by HDFC which recorded 2,497 cases involving Rs 1,200.79 crore

12 Jun 2019 3:12 PM

The RBI came out with a revised prudential framework for resolution of stressed assets after its February 2018 circular in this regard was struck down by the Supreme Court.

New RBI norms to give more lenders headroom to resolve large NPAs: Report

New framework provides some leeway to lenders and encourages them to refer cases to IBC, said SBI in its report.

11 Jun 2019 7:10 PM

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Sanjeev Ahluwalia