SBI Launches Separate Vertical For Agriculture, Micro Credit
New Delhi: In a major restructuring exercise, the State Bank of India (SBI), the largest lender of the country, has created a separate FI&MM vertical within the Bank with an exclusive…
Browsing Tag
SBI
‘Mega bank mergers working smoothly without heartburns’
Chennai: The amalgamation of 10 public sector banks into four has been working smoothly for the past two months without any heartburns as the employee benefit schemes have been extended to…
SBI Complains To CBI As Rs 441 Crore Loan Defaulter Flees India
New Delhi: Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, have already fled the country…
SBI Cuts Savings Account Deposit Rates By 25 BPS, Reduces MCLR By 35 BPS
Mumbai: Lending major State Bank of India (SBI) on Tuesday has announced to cut the savings account deposit rates by 25 Basis Points (BPS) and has reduced the marginal cost of funds-based…
After Yes Bank Crisis, SJTA Says Yes To Union Bank Of India To Park Srimandir Funds
Puri: A day after Yes Bank remitted Rs 389-crore fixed deposit account of Shree Jagannath Temple Administration in Puri, to State Bank of India, the admin today revealed that Srimandir funds…
Yes Bank Returns Rs 397 Crore Shree Jagannath Funds, Next Refund On March 30
Bhubaneswar: Hours after Yes Bank resumed its operations, the private sector lender remitted Rs 397 crore to designated SBI account of Jagannath Temple Corpus Fund at Puri Main Branch.…
Depositors’ money safe, don’t see panic withdrawals: Yes Bank
With normal banking services in Yes Bank to resume at 6 p.m. on Wednesday, the private sector bank's administrator and new investors assured all deposit holders that their savings in the…
Investment In Yes Bank: SBI To Infuse Rs 7250 Crore
Mumbai: The country's largest lender State Bank of India on Thursday said it has received approval to buy Rs 7,250 crore worth of shares in crisis-hit Yes Bank. "The executive committee…
SBI cuts interest rate on savings accounts to 3 pc; removes minimum balance…
New Delhi: The country's largest lender State Bank of India (SBI) on Wednesday rationalised interest rate on all savings bank (SB) accounts to a flat 3 per cent, a move affecting 44.51 crore…
SBI Announces Cut In Retail FD Rates, MCLR Slashed By 5 bps Across Tenors
New Delhi: In its ninth consecutive cut in MCLR by a bank in the current fiscal, India's top lender State Bank of India (SBI) on Friday announced a cut in the retail fixed deposits or FD…