State Bank Of India
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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
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Lok Sabha passes bill approving merger of associate banks with SBI
Aug 10, 2017, 06:58 PM ISTThe Lok Sabha passed the bill to repeal the SBI (Subsidiary Banks) Act 1959, State Bank of Hyderabad Act 1956 and to further amend the State Bank of India Act, 1955, following the merger of five associates with the parent SBI.
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After IMPS, SBI now cuts NEFT, RTGS charges by 75 pc
Jul 13, 2017, 01:38 PM ISTEarlier on Wednesday, the bank had waived charges for fund transfer of up to Rs 1,000 through IMPS (Immediate Payment Service) to promote small transactions.
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SBI cuts home loan interest rates by 10 bps for credit above Rs 75 lakh
Jun 09, 2017, 06:03 PM ISTThe new rates will be effective from June 15, 2017. For women borrowers, the revised interest rates will be 8.55 per cent whereas for others, the rate will be 8.60 per cent.
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Secure Cloud services paramount to data security: SBI
Jun 01, 2017, 03:08 PM ISTCloud is now being looked as a panacea for all cyber security-related issue.
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SBI’s revised service charges kick in from today: 6 transactions that get costlier
Jun 01, 2017, 12:31 PM ISTThe new norms restrict the number of free ATM transactions from SBI ATMs, while also introducing fresh charges on electronic fund transfers, exchange of soiled notes and issue of cheque books and debit cards
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Basic expenses of merger will be behind us, says SBI Chairman Arundhati Bhattacharya
May 19, 2017, 08:05 PM ISTAccording to Arundhati Bhattacharya, the biggest thing that was done just after the quarter was merger of its five associates and Bhartiya Mahila Bank with it.
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SBI cuts home loan rate by 25 bps to 8.35 pc for credits up to Rs 30 lakh
May 08, 2017, 03:38 PM ISTThe new rate will be effective from tomorrow, the bank said, adding that eligible borrowers can also avail an interest subsidy of Rs 2.67 lakh under ‘Pradhan Mantri Awas Yojana’.
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Cheque payment of credit card dues up to Rs 2000 to attract Rs 100 charge: SBI Card
Apr 18, 2017, 06:52 PM ISTThe additional amount of Rs 100, however, is only applicable on transactions up to Rs 2,000 and anything above that will attract no fee, the SBI Card said in a statement.
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No spike in bad loans after merger, says SBI chief Arundhati Bhattacharya
Apr 04, 2017, 11:57 AM ISTThe merger has catapulted the country’s largest lender in the league of top 50 banks globally with assets worth Rs 37 trillion and customer base of 370 million.
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Merger to result in reducing cost of running operations: SBI
Apr 03, 2017, 06:49 PM ISTWith the merger, SBI has become one of the top 50 global banks.
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SBI cuts base rate by 15 bps with effect from April 1
Apr 03, 2017, 05:14 PM ISTThe new rates are effective from April 1, 2017. Earlier, the base rate stood at 9.25 per cent.
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2,800 employees of SBI's associate banks opt for VRS
Apr 03, 2017, 03:39 PM IST"So far, only 2,800 employees (from associate banks) have opted for VRS. The scheme is open till April 5," Bhattacharya told reporters here today.
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Post merger with five associates, SBI opens as one bank from today
Apr 03, 2017, 11:49 AM ISTHaving merged with five associate banks, the State Bank of India today opened as one bank with 500 million customers.
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SBI merges operations with associates, BMB; joins league of world’s top 50 banks
National | Apr 01, 2017, 07:34 PM ISTSBI today merged its operations with five of its associates and the Bharatiya Mahila Bank, making the country’s largest lender one of the top 50 banks in the world.