State Bank Of India
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SBI has no direct exposure to jeweller Nirav Modi: Chairman
Business | Feb 16, 2018, 08:32 PM ISTRajnish Kumar also pointed out that the SBI has "a small exposure to Gitanjali Gems", owned by the uncle of Nirav Modi, Mehul Choksi, "but it is not a point of worry".
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Former SBI chairperson Arundhati Bhattacharya rubbishes allegations of banks penalising poor
Business | Jan 23, 2018, 03:58 PM ISTArundhati Bhattacharya said the accounts opened for financial inclusion under the Pradhan Mantri Jan Dhan Yojna are "not charged for anything", and are exempted from maintaining the monthly average balance.
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SBI hints at revising downwards minimum balance amount, penalty in savings accounts
Business | Jan 05, 2018, 07:27 PM ISTAs a result, between April and November 2017, the bank had netted a windfall of Rs 1,771.67 crore, which is more than its second quarter profit, as penalties from customers for non-maintenance of MAB, a finance ministry data.
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SBI changes names, IFSC codes of around 1,300 branches
Business | Dec 10, 2017, 06:36 PM ISTSBI has changed the names and IFSC codes of branches located in major cities such as Mumbai, New Delhi, Bengaluru, Chennai, Hyderabad, Kolkata and Lucknow, among others.
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S&P refusal to upgrade India’s rating not to impact economic prospects: SBI
Business | Nov 25, 2017, 01:53 PM ISTStandard & Poor's on Friday maintained its sovereign rating on India stable at ‘BBB-’ while keeping its outlook for India stable.
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Rating upgrade a thumbs to reforms, to make foreign funds cheaper: SBI Chief Rajnish Kumar
Business | Nov 17, 2017, 06:00 PM ISTSBI Chief Rajnish Kumar described the move as a re-affirmation of how the world views India, which has been long pending and a thumbs up to the various reform measures.
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SBI expects most bad loan cases from RBI list to go to NCLT
Business | Nov 10, 2017, 08:47 PM ISTState Ban of India has an exposure of Rs 26,636 crore to 27 of about 30 such accounts listed by the Reserve Bank of India (RBI).
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SBI Q2 net at Rs 1,581 cr down 37% as asset quality improves
Business | Nov 10, 2017, 08:37 PM ISTSBI had registered a profit after tax of Rs 2,006 crore in the corresponding period of the last fiscal, the bank said in a stock exchange filing here.
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No free run for promoters in insolvency cases, says SBI chief Rajnish Kumar
Business | Nov 07, 2017, 11:07 AM ISTWilful defaulters or people who have diverted funds, as proved in the forensic audit, will not be allowed to participate in bidding for stressed companies, the SBI chairman said.
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Recapitalisation funds to take care of credit growth: SBI
Business | Nov 03, 2017, 05:55 PM ISTThe Centre has announced recapitalisation plan of Rs 2.11 lakh crore for public sector banks
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SBI’s home, vehicle loans get cheaper as lender announces 5bps cut in interest rates
Business | Nov 02, 2017, 02:47 PM ISTHome loans will be available at a rate of 8.30 per cent while automobile loans can be availed at a starting interest rate of 8.70 per cent, SBI said.
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SBI cuts benchmark lending rate by 0.05 per cent across maturities
Business | Nov 01, 2017, 09:34 AM ISTSBI's move will trigger rate cut by other lenders. The bank had last cut the rate on Jan 1.
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Who is Rajnish Kumar, next chairman of State Bank of India?
Business | Dec 28, 2017, 12:56 PM ISTIn his career spanning 37 years at SBI, Rajnish Kumar has held several key positions and also led two overseas assignments.
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Govt's card payment push may cause annual loss of Rs 3,800 cr to banks: SBI report
Business | Sep 29, 2017, 09:58 PM ISTThe number of PoS terminals post-demonetisation has increased from 13.8 lakh in March 2016 to 28.4 lakh as of July 2017. On an average banks are installing 5,000 PoS per day.
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SBI lowers minimum balance requirement for savings accounts in metros to Rs 3,000
Business | Sep 25, 2017, 08:34 PM ISTThe SBI today said it has lowered minimum balance requirement for savings accounts in metros to Rs 3,000 from the current Rs 5,000 while exempting pensioners and minors to maintain the minimum average balance.
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Banking sector's credit demand to get boost from government projects, says SBI chief Arundhati Bhattacharya
Business | Sep 24, 2017, 01:03 AM ISTArundhati Bhattacharya said though incidents of fresh credit slippages have marked a downtrend, some areas like telecom were displaying signs of stress.
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GDP in second quarter expected to remain below 6 pc: SBI report
Sep 14, 2017, 08:38 PM ISTThe GDP growth in the first quarter had fallen to 5.7 per cent, thus raising concerns about 2017-18 annual numbers.
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Employees should be kept on board during bank mergers: SBI
Aug 24, 2017, 07:43 PM ISTThe mechanism approved to be set up to oversee public sector banks' (PSBs) mergers, will give an in-principle approval to proposals brought by banks.
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Top loan defaulters owe Rs 25,000 cr to SBI, over Rs 12,000 cr to PNB
Aug 20, 2017, 08:42 PM ISTAs many as 1,762 wilful defaulters owed Rs 25,104 crore to State Bank of India as on March 31, putting pressure on its balance sheet
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SBI registers five-fold jump in Q1 net profit to Rs 2,006 cr; NPAs spike too
Aug 11, 2017, 04:09 PM ISTNet NPAs or bad loans too soared to 5.97 per cent of the net advances by June end of this fiscal, up from 4.36 per cent in the year-ago period