SBI Q3 Results: State Bank of India's standalone net falls 7% to Rs 5,196 crore
Business | February 04, 2021 14:59 ISTThe bank had posted net profit of Rs 5,583.36 crore in the October-December period of the previous fiscal.
The bank had posted net profit of Rs 5,583.36 crore in the October-December period of the previous fiscal.
In the last few months lenders including State Bank of India, Canara Bank and Punjab National Bank (PNB) have raised about Rs 40,000 crore from the market, Financial Services Secretary Debasish Panda told PTI in an interview.
SBI's customers would get an interest concession of 25 bps on a home loan of above Rs 75 lakh, based on their CIBIL score and if they are applying through YONO, the lender's digital lending platform.
The online banking services of State Bank of India (SBI) have been hit by connectivity issues, the bank informed in a tweet on Tuesday. However, the bank added that the ATMs and point of sale (POS) machine services are functional.
Prior to being appointed as Chairman of the bank, Khara was the Managing Director (Global Banking & Subsidiaries) of the bank, and in this role, led and steered the International Banking Group, Corporate and Treasury operations of the bank.
The country's largest lender State Bank of India is actively looking to hive off its digital platform Yono into a separate subsidiary, its chairman Rajnish Kumar said.
India's largest bank has announced a 100% waiver in the processing fee for all customers applying for car, gold, and personal loan through YONO. SBI is offering the lowest interest rate starting from 7.5% to customers opting for the car loan. They will also get 100% on-road finance on select models.
State Bank of India (SBI), India's largest public sector bank has revised its ATM withdrawal rules with effect from 1 July. According to State Bank of India (SBI) official website i.e. sbi.co.in, in metro cities, SBI allows 8 free transactions to its regular savings account holders to transact in a month. Beyond this, customers are charged on each transaction.
With the FPO, the share capital of Yes Bank doubled to 2,505.4 crore of face value Rs 2 per share from 1,255 of face value of Rs 2 each, it said. Following the FPO, SBI holding in Yes Bank stood at 751.6 crore shares, which is 30 per cent of the total share capital.
SBI PensionSeva: State Bank of India (SBI), India's largest lender has launched SBI PensionSeva – dedicatedly for its pensioners (other than staff pensioners), who have their pension account in the bank. SBI PensionSeva website is simple to use and would benefit the general public pensioners immensely.
State Bank of India (SBI), the country’s largest lender will institute work from anywhere policy to facilitate its staff to work from any location. The bank expects to save Rs 1,000 crore from this measure.
State Bank of India or SBI, the country's largest lender on Wednesday announced a reduction in its benchmark lending rates across shorter tenors. SBI said its marginal cost of funds-based lending rate (MCLR) will be reduced by 5-10 basis points (5-10 percentage point).
From July 1, ATM transactions would become expensive for all SBI customers. ATM transaction fees were reduced for three months. This rebate was given for only three months, which will end on 30th June 2020.
Bank ATM New Rules: Many banking rules, including ATM cash withdrawal, are going to change from July 1. During lockdown, relaxations that were given to the people in banking related transactions, are going to be tightened, until there is no new announcement on the same.
The report's estimates are based on the International Monetary Fund's projections of a deeper recession in 2020 and a slower recovery in 2021.
SBI SO Recruitment 2020: State Bank of India (SBI) has an application form for the various Specialist Officer on contractual basis. SBO SO registration of online application will begin from i.e. on 23 June 2020.
The State Bank of India (SBI), India's largest lender, has issued a warning for its users to beware of an imminent phishing attack (cyber attack). The Indian Computer Emergency Response Team (CERT-In) on Sunday had warned that in a major phishing attack, millions of Indians could be targeted by fake emails, social media posts or texts messages, which promises free Covid-19 testing across India.
The State Bank of India (SBI) on Friday relaunched its Aadhaar-based instant digital savings account facility for customers who want to open an online account using the Yono platform.
As per SBI's research Ecowrap report, India is likely to end the current fiscal with current account surplus, if the oil prices in the international market remain subdued and do not show volatility during the course of the financial year.
Ashwini Bhatia has emerged as the frontrunner for the post of State Bank of India's managing director. Bhatia name for next SBI MD was recommended by the Banks Board Bureau (BBB) on Saturday. The Banks Board Bureau was formed by Prime Minister Modi in 2016 and acts as a headhunter for state-owned banks and financial institutions.
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