Sbi
-
SBI sees drop in banking transcations during 21-day lockdown but most ATMs running
Business | Mar 25, 2020, 06:49 PM ISTThe nationwide lockdown due to coronavirus outbreak has led to a decline in banking transactions at SBI but customers are using online and digital modes as usual, a senior official of the state-run lender said.
-
Staff safety important, we support work from home policy: SBI Life
Business | Mar 24, 2020, 02:19 PM ISTSBI Life on Tuesday said safety of its staff is of utmost importance amid the coronavirus outbreak and the insurer fully supports work from home policy. "With coronavirus on the minds of many, I want to take a moment to personally communicate my thoughts on ensuring that we all stay safe," Sanjeev Nautiyal, MD & CEO SBI Life Insurance Company said in an e-mail to employees.
-
Coronavirus threat: SBI to provide basic services to customers in Telangana
Business | Mar 23, 2020, 09:17 PM ISTState Bank of India on Monday said it would provide essential and basic banking services with the minimum number of staff at the branches in Telangana, where a lockdown has been announced by the government to contain the spread of coronavirus.
-
Coronavirus: SBI sets up quick response team for staff safety
Business | Mar 22, 2020, 03:58 PM ISTIn a bid to keep its staff motivated amid the coronavirus outbreak, the country's biggest lender State Bank of India (SBI) has set up a quick response team (QRT) to ensure the safety of its employees.
-
Covid-19: SBI opens emergency credit line for borrowers
Business | Mar 21, 2020, 12:31 PM ISTAmid businesses getting affected due to the novel coronavirus pandemic, the country's largest lender State Bank of India has opened an emergency credit line to meet any liquidity mismatch for its borrowers.
-
SBI to up Yes Bank stake to 49%, not to sell a single share before 3 yrs: Chairman
Business | Mar 17, 2020, 10:03 PM ISTState Bank chairman Rajnish Kumar on Tuesday said the country's largest lender that owns close to 43 per cent in Yes Bank now will not sell a single share before that mandated three-year lock-in period, and that he's, in fact, keen to approach the board for hiking the holding to 49 per cent.
-
SBI Funds Management adopts stewardship code as mandated by Sebi
Business | Mar 17, 2020, 03:17 PM ISTThis is aimed at complying with markets regulator Sebi’s directive, which mandated all mutual funds and alternative investment funds in the country to adopt a stewardship code, which is applicable for investments in listed equities. The code will come into force from April 1, 2020.
-
SBI Bank Alert! Your SBI Debit, Credit Card may get blocked after March 16
Business | Mar 16, 2020, 11:53 AM ISTSBI Debit, Credit card rule: From March 16, the State Bank of India (SBI) will automatically disable any contactless transactions of those debit and credit cards that have never been used for online transactions. RBI new rules will protect customers from misuse of debit and credit cards.
-
ICICI Bank approves Rs 1,000 crore investment in Yes Bank
Business | Mar 13, 2020, 06:02 PM ISTICICI approves Rs. 1,000 crore investment in Yes Bank. Shares of Yes Bank on Friday rose by 2 per cent after State Bank of India (SBI) said it will infuse Rs 7,250 crore into the crippled private sector lender. The stock surged 9.98 per cent to Rs 27.55 on BSE in day trade before closing at Rs 25.55, showing gains of 2 per cent
-
SBI Research sees inflation falling below 6 pc in March
Business | Mar 12, 2020, 10:32 PM ISTRetail inflation is on course to fall below 6 per cent in March and close to 5 per cent by August, helping the central bank navigate the coronavirus pandemic with lower interest rates, say SBI analysts.
-
SBI board okays share purchase in Yes Bank for Rs 7,250 crore
Business | Mar 12, 2020, 04:28 PM ISTThe State Bank of India (SBI) on Thursday said that its Executive Committee of Central Board (ECCB) has approved the purchase of 725 crore shares in Yes Bank at Rs 10 per share, which adds up to an investment of Rs 7,250 crore.
-
SBI Cards IPO: Check status of allotment of shares
Business | Mar 11, 2020, 05:53 PM ISTSBI Cards IPO: The wait is over. Those who had applied for shares of SBI cards in its recent IPO, can check the status of your allotment on the website of Link Intime India, the registrar of the IPO.
-
SBI takes BIG decision: No minimum balance required for savings account
Business | Mar 11, 2020, 05:50 PM ISTSBI Customers Attention: SBI brought good news to millions of customers on Wednesday. In a big decision, India's largest public lender, the State Bank of India (SBI), has decided to bring relief to its savings account holders.
-
SBI home loans to get cheaper as bank cuts MCLR rate
Business | Mar 11, 2020, 02:05 PM ISTThe country's largest lender State Bank of India (SBI) on Wednesday said it has reduced its marginal cost of fund-based lending rate (MCLR) by up to 15 basis points across various tenors, effective March 10.
-
SBI rules out merger with crisis-hit Yes Bank
Business | Mar 07, 2020, 01:26 PM ISTSBI chairman Rajnish Kumar on Saturday said that there is no question of a merger with the Yes Bank, as it is evaluating the restructuring draft scheme of the crisis-hit bank.
-
Yes Bank crisis: SBI may invest upto Rs 2,450 crore as it evaluates restructuring plan
Business | Mar 07, 2020, 12:10 PM ISTSBI Chairman Rajnish Kumar on Yes Bank crisis Saturday said that a plan has been received by SBI and the legal team is working on the plan. We had informed through the stock exchange that SBI board has given in-principle approval of exploring the possibility of picking up a stake of upto 49% in the crisis-hit bank.
-
Yes Bank crisis: What its customers should know
Business | Mar 07, 2020, 10:19 AM ISTCash-strapped Yes Bank has been put under moratorium by the Reserve Bank of India (RBI) and capped withdrawal limit for depositors to Rs 50,000 for at least a month, here's what a cash-strapped bank's customer must know.
-
YES bank Crisis: SBI keen on picking up stake in embattled bank
Business | Mar 06, 2020, 07:29 PM ISTYES bank crisis: A strategic investor like SBI will have to pick up 49 per cent stake in Yes Bank and stay invested for at least three years, as per the RBI's draft scheme of reconstruction for the crisis-hit lender announced on Friday.
-
Security tightened at Yes Bank branches, ATMs in Mumbai as depositors rush to withdraw money
Business | Mar 06, 2020, 03:12 PM ISTAs Yes Bank depositors rush to ATMs on Friday to withdraw cash a day after it was put under a moratorium, security at its branches, ATMs, headquarters across Mumbai was tightened to avert any untoward incident. The RBI has capped a withdrawal limit of Rs 50,000 as Yes Bank's faces capital crunch.
-
Want to assure every depositor's money is safe: Sitharaman on Yes Bank crisis
Business | Mar 06, 2020, 02:09 PM ISTFinance Minister Nirmala Sitharaman on Yes Bank crisis Friday said that the RBI Governor has assured her there will be no loss to any Yes Bank depositor, a day after the central bank imposed a moratorium on the banking institution.