State Bank of India

Household debt to rise further due to COVID stress, says SBI report

According to SBI Ecowrap, the Covid-19 pandemic has resulted in spike in household debt to GDP rate.

published on : 16th September 2021

SBI raises Rs 4,000 crore via AT1 bonds

Following the new Sebi regulations, this is the first AT1 Bond issuance in the domestic market.

published on : 2nd September 2021

SBI announces various special offers for retail customers

For personal and pension loan customers, the lender has announced a 100 per cent waiver in processing fees across all channels.

published on : 16th August 2021

SBI directed to pay Rs 70,000 as compensation to RTC staffer

The bank was also directed to pay interest on Rs 20,000 at six per cent per annum from June 2017 till the date of payment of compensation.

published on : 12th August 2021

State Bank shares gain over 2 per cent; market cap climbs Rs 9,460 crore after Q1 earnings

SBI, the country's biggest bank, on Wednesday posted a 55 per cent rise in standalone net profit at Rs 6,504 crore for the first quarter of the current financial year, helped by decline in bad loans.

published on : 4th August 2021

SBI net profit in Q1 surges 55 per cent to Rs 6,504 crore

The bank's gross non-performing assets (NPA) of the total advances declined to 5.32 per cent at June-end from 5.44 per cent at June-end last year.

published on : 4th August 2021

SBI-led team gets Rs 792 crore selling Kingfisher shares

The consortium had earlier realised Rs 7,181.50 crore by liquidating assets handed over to them by ED.

published on : 17th July 2021

Banks consortium gets over Rs 792 crore in Vijay Mallya loan default case: ED

Last month too, the banks consortium had realised more than Rs 7,181 crore in the Mallya case after a similar sale of attached shares.

published on : 16th July 2021

SBI-led consortium gets over Rs 5,800 crore in Mallya loan default case: ED

The disputes resolution tribunal (DRT) had sold these shares on June 23 after the Enforcement Directorate had transferred shares worth about Rs 6,624 crore of UBL to the SBI-led consortium.

published on : 25th June 2021

In a first in Tamil Nadu, gang exploits technical flaw in SBI ATMs to swindle Rs 48 lakh

Chennai police have formed a special team, headed by an Additional Commissioner (South), to nab the gang members, purportedly belonging to the northern part of the country

published on : 22nd June 2021

Inflation persistence vis-a-vis low growth, RBI has limited choice: SBI report

The report said that faster-than-anticipated and robust recovery in some advanced countries is likely to exert upward pressure on international commodity prices.

published on : 16th June 2021

Digital payments and banking technology company Cashfree raises funding from SBI

"The company's total funding since inception is USD 42 million. The total valuation of Cashfree is around USD 200 million," Cashfree CEO and co-founder Akash Sinha told PTI.

published on : 7th June 2021

Yamuna International Airport secures Rs 3,725 crore loan for Jewar project

The funding is a crucial milestone for the project as it validates the financial viability of the project while also outlining the next steps for the establishment of the airport. 

published on : 5th June 2021

SBI, EIB to invest up to Euro 100 mln in Indian SMEs focused on climate change, sustainability

An agreement got signed on the margins of the European Union-India leaders meeting in Portugal, where both the financial institutions agreed to back the initiative.

published on : 7th May 2021

SBI allocates Rs 71 crore for fight against coronavirus

SBI is in talks with various designated authorities to explore partnerships for setting up makeshift hospitals.

published on : 3rd May 2021
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