Its gross non-performing assets (NPA) of the total advances declined to 5.44 per cent at June-end, over 7.53 per cent at June-end last year
31 Jul 2020 3:19 PM
In March this year, SBI board had approved an investment of Rs 72.50 billion into the troubled lender Yes Bank.
09 Jul 2020 8:54 AM
Besides SBI, other members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank
10 May 2020 8:44 AM
SBI announced a reduction in its MCLR by 5 basis points across all tenors while BOI cut MCLR by 10 basis points for maturities up to six months.
08 Feb 2020 3:14 AM
The bank had provided Rs 1.06 lakh crore for the bad loans but the provisions for the NPAs as assessed by the RBI was Rs 1.18 lakh crore.
11 Dec 2019 1:31 AM
The SBI research report was, however, hopeful that the economic growth rate will pick up pace in 2020-21 to 6.2 per cent.
13 Nov 2019 3:29 AM
Asset quality improved sequentially as well as year-on-year.
26 Oct 2019 1:25 AM
Growth can come back. Because of a lot of (reforms), economy is in transition, said SBI chief Rajnish Kumar.
24 Oct 2019 12:36 PM
The bank had on October 1 lost its spot to Bajaj Finance in the coveted club of top-10 most valued domestic companies.
14 Oct 2019 9:54 PM
DHFL said, the company, in the past 12 months has repaid obligations of nearly Rs 45,000 crore.
29 Sep 2019 6:14 PM
SBI customers can withdraw cash from ATMs for 8-10 times without any charges.
24 Sep 2019 1:04 PM
The bank will also voluntarily extend benchmark-based lending to medium enterprises to boost lending to the MSME sector as a whole.
24 Sep 2019 1:43 AM
Investor interest for cards business is very high, and SBI Card listing will happen in March quarter, said SBI chairman Rajnish Kumar.
15 Sep 2019 6:40 PM
RIL, HDFC Bank, HDFC and Kotak Mahindra Bank were the other winners in terms of market valuation.
15 Sep 2019 11:19 AM
State Bank of India (SBI) holds 74 per cent stake in the SBI Card and the rest is held by Carlyle Group.
02 Sep 2019 8:03 PM
A dozen public sector banks, including State Bank of India, have voluntarily linked their interest rates to repo.
21 Aug 2019 11:31 AM
Customers can avail the cheaper loans with added benefits such as waiver in processing fees among others.
20 Aug 2019 3:19 PM
SBI was to first one to link loans and deposits to the repo rate from May and home loans from July, six other banks followed.
19 Aug 2019 12:40 PM
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
SBI said it had appointed consultant Deloitte to find buyers for Videocon’s exploration assets in Brazil and Indonesia.
05 Aug 2019 12:57 PM