Tag: Sbi

Mumbai: Benchmark stock indices Sensex and Nifty saw their best day in over three months on Monday, buoyed by the government move to withdraw additional surcharge on foreign investors and initiate measures to revive the economy. The BSE gauge Sensex settled with a gain of 2.16 per cent or 792.96 points; while the NSE Nifty […]

Mumbai: Country’s largest lender State Bank of India (SBI) on Monday announced a reduction in its marginal cost-based lending rate or MCLR by 10 basis points across all tenors and has also reduced rates on term deposits. It also lowered interest rates on fixed term deposits across all maturities by up to 25 basis points, […]

The State Bank of India (SBI) has released a recruitment notification for the positions of Apprentice under The Apprentices Act 1961. A vacancy of around 700 posts has been mentioned in the official notification released by the largest public sector bank. Interested and eligible candidates can apply for the positions before the deadline. The last […]

Kolkata: State Bank of India (SBI) is expected to launch a co-lending business model soon with 4-5 medium to large-sized NBFCs, an official of the lender said. Once the present hurdles relating to the integration of technology with the non-banking finance companies (NBFCs) are removed, the model of co-lending will be launched and it will […]

Mumbai: State Bank of India, the countrys largest lender, has decided to adopt RBIs repo rate as the external benchmark for all floating rate loans for MSME, home and retail loans from October 1. The benchmarks to which banks can link the new floating rate retail loans for the purpose of transmission are — RBI’s […]

New Delhi: Officers’ unions of public sector banks have deferred the proposed two-day strike following an assurance from Finance Secretary Rajiv Kumar to look into their concerns. Four unions of bank officers had threatened to go on a two-day strike from September 26 to protest against the consolidation of 10 state-run lenders into four. “Finance […]

Afraid of losing all your money to the fraudsters? The country’s largest lender, State Bank of India (SBI) has come up with a few strict guidelines reiterating that the customers should never share their confidential information with anybody. “Do not invest your time and money interacting with fake accounts on social media. Follow, tag and […]

The country’s largest lender State Bank of India (SBI), has brought major changes in the rules pertaining to SBI loan, cheque book, ATM transactions, minimum account balance, RTGS and NEFT charges, which came into effect from October 1, 2019, i.e. today. From today, SBI’s ATM charges have changed. While earlier, the SBI customers were able […]

New Delhi: The first phase of ‘Loan Mela’, an outreach programme for providing credit to retail customers and MSMEs, will begin from Thursday across 250 districts across the country to meet demand during the festival period. During the four days beginning October 3, loans will be sanctioned for retail, agriculture, vehicle, home, MSME, education and […]

Mumbai: A state-run State Bank of India (SBI) report on Monday said that the deposit insurance coverage in India is one of the lowest in the world. A deposit insurance coverage ensures that the depositor gets a certain amount, before the bank pays other parties at the time of liquidation. In India, deposits are insured […]

New Delhi: The State Bank of India (SBI) on Wednesday announced lowering its marginal cost of funds based lending rate (MCLR) by 10 basis points across all tenors to 8.05 per cent from October 10. The MCLR cut will make home and other retail loans cheaper for the existing borrowers. The bank’s one-year MCLR has […]

New Delhi: The State Bank of India (SBI) on Wednesday cut interest rate on savings deposits, with a balance of upto Rs 1 lakh, by 25 bps to 3.25 per cent from November 1, and slashed retail & bulk term deposit interest rates by 10 and 30 bps respectively for 1 year to less than […]

New Delhi: The country’s largest lender SBI on Friday reported a nearly six-fold jump in its consolidated net profit to Rs 3,375.40 crore for the second quarter ended September 30. The bank’s net profit was Rs 576.46 crore in the July-September quarter of previous fiscal. Its total income of the entire SBI group rose to […]

Mumbai: Market benchmark BSE Sensex surged over 293 points to hit its record intra-day high of 40,344.99 on Thursday led by rally in index heavyweights Infosys, SBI, HDFC Bank and TCS. After opening on a strong note, the 30-share index was trading 263.69 points, or 0.66 per cent, higher at 40,315.56 in morning session. The […]

Mumbai: Lending major State Bank of India has reduced its MCLR (Marginal Cost of Funds based Lending Rate) by 5 basis points across all tenors. The one year MCLR has come down to 8 per cent per annum from 8.05 per cent per annum with effect from November 10, 2019. This is the seventh consecutive […]