Sbi
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Focusing only on retail segment may not be prudent for banks in current scenario: SBI MD
Business | Sep 10, 2020, 10:29 AM ISTAt a time when the economy is facing challenges, banks should not solely focus on the retail segment as sluggish growth can impact this category of loans
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YONO biggest start-up by a legacy bank, worth over USD 40 billion: SBI chairman Kumar
Business | Sep 10, 2020, 10:01 AM ISTWithin three years of its launch, YONO, the digital banking platform of the country's largest lender SBI, has a valuation of over USD 40 billion, the bank's chairman Rajnish Kumar said on Wednesday.
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Job Alert! SBI to hire over 14,000 people in 2020, dismisses claims of job cuts due to VRS
Jobs | Sep 08, 2020, 05:04 PM ISTState Bank of India (SBI) said it has plans of recruiting more than 14,000 people this year. Earlier, the largest bank of the country had announced to bring voluntary retirement scheme i.e. VRS for more than 30 thousand employees.
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SBI notice to BPSL ex-promoter Sanjay Singal to recover over Rs 12,000 cr
Business | Sep 08, 2020, 08:08 AM ISTThe State Bank of India (SBI) has invoked the personal guarantees of Sanjay Singal, former promoter of Bhushan Power & Steel Ltd (BPSL), and has sent him a demand notice for recovery of Rs 12,275.91 crore.
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SBI launches VRS scheme for its bank employees. Check eligibility, benefits
Business | Sep 07, 2020, 09:00 AM ISTSBI VRS scheme 2020: In a bid to optimise its costs, India’s largest bank, State Bank of India (SBI) has launched a voluntary retirement scheme (VRS) under which about 30,190 employees are eligible.
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SBI staffer shot dead outside bank in Manipur, Rs 1.15 crore looted
Crime | Sep 04, 2020, 10:32 PM ISTA banker was shot dead and Rs 1.15 crore looted in Manipur's Churachandpur district on Friday, police said.
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Banks Board Bureau recommends Dinesh Kumar Khara as next SBI chairman, Challa Setty on reserve list
Business | Aug 28, 2020, 09:53 PM ISTThe Banks Board Bureau (BBB) has recommended Dinesh Kumar Khara for the post of Chairman in the State Bank of India (SBI) and Challa Sreenivasulu Setty as the candidate on the Reserve list for the chairman post, BBB said in a statement.
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SBI, PNB, BoB may go for share sale this fiscal
Business | Aug 23, 2020, 05:46 PM ISTQualified Institutional Placement (QIP) would be the most preferred way and public sector banks are likely to take a call on taking this route after finalisation of their second quarter results, merchant banking sources said.
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SBI loan fraud: MP-based company booked
Business | Aug 22, 2020, 11:02 PM ISTThe factory and registered office of the company in Morena, residences of Garg and another director Saurabh Garg and its office at Barakhamba Road, New Delhi were searched by the agency on Friday, they said.
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RBI at end of rate cut cycle, govt needs to play decisive role for eco recovery: SBI economists
Business | Aug 21, 2020, 04:35 PM ISTThe Reserve Bank of India (RBI) had cut rates by 1.15 per cent in two moves since the onset of the pandemic in March this year in order to push economic growth, but surprised many by holding on to rates at the August review as inflation overshot its target.
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Rs 10,000 crore Fund of Funds for MSMEs to be operational soon: SBI Chairman
Business | Aug 10, 2020, 03:25 PM ISTThe objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential at a time when they are facing severe shortage of equity and low revenues.
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SBI's profit surges 81 per cent to Rs 4,189 crore in Q1, bad loans decline
Business | Jul 31, 2020, 02:28 PM ISTSBI (State Bank of India) on Friday posted an 81 per cent spike in standalone net profit at Rs 4,189.34 crore for the first quarter of current fiscal as bad loans declined. The lender had reported a net profit of Rs 2,312.02 crore in the April-June quarter of 2019-20.
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SBI PensionSeva: SBI bank launches Pension Seva website; Check its benefits, registration process
Business | Jul 26, 2020, 02:54 PM ISTSBI 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.
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Capital conservation for banks important as moratorium ends on August 31: SBI report
Business | Jul 22, 2020, 03:03 PM ISTState-owned banks need to be recapitalised or given the alternative of capital conservation as one-year suspension under insolvency and bankruptcy code (IBC) provisions will affect the resolution of stressed accounts, says an SBI research report.
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PC Kandpal appointed MD & CEO SBI General Insurance
Business | Jul 21, 2020, 05:55 PM ISTNon-life insurer SBI General Insurance on Tuesday announced the appointment of Prakash Chandra Kandpal as its new managing director and chief executive officer, effective July 20.
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SBI says yes to 'work from anywhere' for its employees
Business | Jul 14, 2020, 11:43 PM ISTState 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.
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SBI to go for cost cutting, workforce reskilling: Chairman Rajnish Kumar
Business | Jul 14, 2020, 03:54 PM ISTSpeaking at the 65th Annual General Meeting (AGM), Chairman Rajnish Kumar said: "The focus while going forward will be on cost reduction, rationalisation, and reskilling of workforce, improving staff productivity, and redeployment of workforce from admin offices to sales roles."
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Big News for SBI Customers! Home loan gets cheaper as bank cuts lending rates. Check details
Business | Jul 02, 2020, 09:07 AM ISTSBI Home Loan Rate: Are you State Bank of India (SBI) customer and planning to buy a dream home? Then here's good news for you as India's largest lender SBI is offering home loans at more affordable rates.
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NCLT reserves order on SBI plea against Anil Ambani to recover over Rs 1,200 crore
Business | Jun 30, 2020, 07:32 PM ISTThe National Company Law Tribunal (NCLT) on Tuesday reserved its order on the State Bank of India plea against Anil Ambani to recover over Rs 1,200 crore under the personal guarantee clause of the bankruptcy law.
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SBI working on setting up e-commerce portal for MSMEs: Rajnish Kumar
Business | Jun 27, 2020, 08:14 PM ISTState Bank of India is working on setting up an e-commerce portal for marketing of products manufactured by micro, small and medium enterprises (MSMEs) in the country, its chairman Rajnish Kumar said on Saturday.