Indian banks argue for UK court to declare Vijay Mallya bankrupt

The court also heard that the banks do not accept the former Kingfisher Airlines boss' assertion that most of his assets are in India and to a lesser extent worldwide.

published on : 12th December 2019

SBI under-reported about Rs 12,000 crore bad loans for FY19

In recent months, there have been several instances of under-reporting of bad loans by lenders, prompting regulatory action by the Reserve Bank of India.

published on : 10th December 2019

SBI operations hit for an hour due to technical glitch

The ATM operations were also affected.

published on : 10th December 2019

SBI lowers MCLR based lending rates by 10 basis points

The reduction comes as the Reserve Bank in a surprise move left the key policy rates unchanged last Thursday at 5.15 per cent.

published on : 9th December 2019

Your old SBI debit cards will be invalid from January 1, hurry up and get a new one now!

According to the bank's statement, starting January 1, 2019, the old cards will be invalid. Once the card is blocked, as a safety measure, the bank will not unblock it under any circumstances.

published on : 7th December 2019

Corporate lending witnessing lack of demand: SBI

He said the SBI Purchasing Managers' Index (PMI) has crossed the 50 per cent mark for the first time last month.

published on : 5th December 2019

Eight of top-10 most valued companies add Rs 52,194 crore in market capitalisation

The m-cap of SBI jumped Rs 11,334.26 crore to Rs 3,05,087.85 crore, becoming the top gainer among the ten most valuable companies.

published on : 1st December 2019

Patanjali secures Rs 3,200 crore loan from SBI, PNB to buy Ruchi Soya

The loans of SBI and PNB to Ruchi Soya will be partially written off after the insolvency resolution is completed

published on : 30th November 2019

AIIMS falls prey to banking fraud, loses over Rs 12 crore; SBI issues alert to all its branches

The sources said the fraudsters attempted to withdraw over Rs 20 crore from a non-home branch of SBI in Dehradun while Rs 9 crore was attempted to be stolen from a branch of the bank in Mumbai.

published on : 29th November 2019

PSU banks hit by almost 2,500 fraud cases in first quarter, SBI leads the pack

Allahabad Bank topped the list in cases where the bank's own employees were involved in frauds.

published on : 26th November 2019

Vistara and SBI launch co-branded credit card service

The service lets users avail benefits like free cancellations, lounge access, and extra frequent flyer points.

published on : 26th November 2019

Public sector banks collect Rs 1,996 crore as minimum balance penalty in FY'19

MoS Finance Anurag Singh Thakur said that the reduction in the amount through levy of charges by PSBs during 2018-19 include reduction in charges for non-maintenance of balance by SBI.

published on : 25th November 2019

Greater Hyderabad Municipal Corporation appoints SBI CAPS to raise Rs  2,500 crore

The funds raised will be utilised for Strategic Road Development Programme and other developmental works.

published on : 20th November 2019

Economic recovery to be slow and painful: SBI Chief Economic Adviser

The slack in demand and investment is likely to drag material economic recovery to next financial year, according to Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI. 

published on : 20th November 2019

India's GDP likely to grow 5 per cent this fiscal: SBI report

The report, however, said the economic growth rate will pick up pace in 2020-21 to 6.2 per cent.

published on : 12th November 2019
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