Sbi
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EXPLAINED: Here's how cut in MCLR will impact your home loan EMI
Business | Feb 07, 2020, 06:34 PM ISTThe State Bank of India today announced a 5 basis point cut in its Marginal Cost of Funds-Based lending rates (MCLR). So effectively, interest rates on all home loans or any other loan linked to MCLR will go down. In this article, we try to explain how MCLR cut will impact you vis-a-vis EMIs.
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SBI Customers Attention! SBI new FD rates takes effect from Feb 10. Check Details
Business | Feb 07, 2020, 02:49 PM ISTState Bank of India (SBI) -- country's largest lender on Friday announced a cut in retail fixed deposits or FD interest rates. The new FD interest rates on SBI deposits will be effective from February 10.
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SBI Home Loans to go cheaper as bank cuts MCLR by 5 bps; interest on FD to go down
Business | Feb 07, 2020, 12:46 PM ISTSBI Home Loans: The country's largest lender State Bank of India (SBI) on Friday announced a 5 basis points reduction in its MCLR across tenors, effective February 10.
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SBI Cards IPO: Attention! SBI Bank Chairman makes BIG announcement for its customers
Business | Feb 06, 2020, 12:55 PM ISTSBI Cards IPO: The State Bank of India (SBI) Chairman Rajnish Kumar has made a big announcement regarding the much-awaited initial public offer (IPO) of SBI Cards and Payment Services.
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RIL, HDFC Bank among top seven companies to suffer combine loss of Rs 1.89 lakh cr in m-cap
Business | Feb 02, 2020, 11:23 AM ISTSeven of the 10 most valued companies suffered a combined loss of Rs 1.89 lakh crore in market valuation last week, led by Reliance Industries which alone took a hit of Rs 87,732.8 crore.
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SBI profit jumps 41percent to Rs 6,797cr in Q3 on lower provisioning
Business | Jan 31, 2020, 03:31 PM ISTConsolidated income rose to Rs 95,384.28 crore in the third quarter from Rs 84,390.14 crore in October-December 2018-19, SBI said in a regulatory filing.
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Bank strike impact: Rs 23,000 crore worth of cheques held up
Business | Jan 31, 2020, 12:26 PM ISTBank strike: Banking operations were largely affected in the country on Friday owing to the strike by bankers pressing for early settlement of wage revision, said a top leader of All India Bank Employees' Association (AIBEA).
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Bank strike today: SBI operations, ATM services likely to be hit as bank unions begin 2-day strike
Business | Jan 31, 2020, 02:48 PM ISTBank strike today: With the strike, the banks will remain closed for 3 consecutive days - Friday, Saturday and Sunday. SBI operations and other banks' services are very likely to be hit. The three-day break in banking operations could also lead to drying up of ATMs.
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BoM, SBI only PSBs rated 'good' in digital transactions in December
Business | Jan 30, 2020, 11:48 PM ISTBank of Maharashtra and State Bank of India are the only two state-run banks that showed 'good' performance in terms of digital transactions in December with a score of 77 and 68 respectively, government data showed. The score for an individual bank is given by the Ministry of Electronics and Information Technology (MeitY) on various parameters such as percentage of digital transactions, merchant deployment achieved, system resilience and average percentage of technical decline for UPI or AePS transactions, among others.
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Bank strike: Alert! SBI, BoB, other banks to remain closed on these days. Check details
Business | Jan 31, 2020, 12:12 PM ISTBank Strike: All government banks including SBI (State Bank of India) have decided to go on two-day strike, starting from today. Services at branches, particularly in PSUs, could be affected as several bank employees' unions have called for a two-day bank strike.
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Yes Bank crisis: Here's what SBI chairman Rajnish Kumar has to say
Business | Jan 23, 2020, 01:57 PM ISTWill Yes Bank shut down? Over the past year, several private lenders including Yes Bank are under financial stress. Speaking on ongoing Yes Bank 'deep' financial crisis, State Bank of India chairman Rajnish Kumar said YES Bank ‘will not be allowed to fail’.
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Bank unions call two-day strike from Jan 31
Business | Jan 19, 2020, 04:17 PM ISTThe United Forum of Bank Unions (UFBU), which represents nine trade unions, has given a call for a two-day strike beginning January 31.
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SBI announces 'residential builder finance with buyer guarantee' scheme
Business | Jan 08, 2020, 09:48 PM ISTUnder this scheme, the SBI will issue a guarantee for completion of select residential projects to customers which have availed home loans from it. The scheme will focus on affordable housing projects priced up to Rs 2.50 crore in 10 cities, initially.
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SBI lowers GDP estimates to 4.6 per cent in FY 20 from 5 per cent
Business | Jan 08, 2020, 06:57 AM ISTThe SBI on Tuesday lowered the economic growth forecast to 4.6 per cent from the earlier 5 per cent. "The FY20 GDP estimate as released by the CSO pegs the GDP growth rate at 5 per cent (we had revised our GDP projection to 5 per cent in November 19), a 11-year-low. Nominal GDP growth at 7.5 per cent is a 42-year-low.
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Bharat Bandh on January 8: Banking, ATM services to be affected
Business | Jan 07, 2020, 06:55 AM ISTCentral trade unions have called for a nation-wide bank strike on January 8, due to which banking sectors are set to be affected. At some places, ATM services are also set to be hit as bank unions have ordered their employees against working. The Bharat Bandh 2020 has been called against Central government's recent banking reforms and policies.
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SBI Zero Balance Account: 10 important things you must know about SBI BSBD account
Business | Jan 05, 2020, 11:54 AM ISTSBI Zero Balance Account: The SBI bank has prescribed certain average monthly balances (AMB) for those holding savings accounts. Here are the important things you must know about SBI BSBD account, check inside.
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SBI Clerk 2020 Notification: Over 8000 vacancies notified. Direct link to apply
Career | Jan 03, 2020, 01:21 PM ISTSBI Clerk 2020 online registration has begun for more than 8000 vacancies for Junior Associate (Customer Support & Sales) in the clerical cadre in State Bank of India (SBI). Read on to know about the eligibility criteria, last date to apply, salary and other details.
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SBI, Union Bank to sell NPAs of Rs 2,836 crore this month
Business | Jan 02, 2020, 06:25 PM ISTThe country's largest lender State Bank of India (SBI) and Union Bank of India are looking to sell their non-performing loans totalling Rs 2,836 crore to banks, asset reconstruction companies and other financial institutions.
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SBI home loans to get cheaper as it cuts external benchmark-based rate by 25 bps
Business | Dec 30, 2019, 12:09 PM ISTThe country's largest lender State Bank of India (SBI) on Monday announced a reduction in its external benchmark-based rate by 25 basis points to 7.80 per cent from 8.05 per cent.
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6 of the top 10 companies lose ₹ 64,419 cr in m-cap; RIL big hit
Business | Dec 29, 2019, 10:52 AM ISTSix of the 10 most valued Indian companies suffered a combined erosion of Rs 64,419.10 crore in market valuation last week, with RIL taking the biggest knock.