Tag: State Bank Of India

Angul: In a tragic incident, two State Bank of India (SBI) employees were killed and one injured in a road accident late Saturday night. The deceased have been identified as Subhankar Ashirbad Sahu and Surathi Sahu. According to reports, the incident occurred when the car in which Subhankar and Surathi were travelling, turned turtle after being […]

Bolangir: More than two-and-half-month after a sensational loot of cash to the tune of Rs 80 lakh from different bank ATM counters, the Bolangir Town Police  has finally managed to nab the prime accused from Kolkata. Police have also seized cash worth Rs 26,46,700 and 10 SIM cards from the possession of the accused who […]

Cuttack: Countdown for the much-awaited one day international (ODI) day and night match between India and England scheduled at Barabati Stadium in the Millennium city on January 19 began today with the sale of tickets. Talking to media persons, Prasant Kumar Tripathy, Assistant General Manager (AGM), State Bank of India (SBI) said tickets would be […]

Cuttack: The Team India and England teams will arrive in Bhubaneswar on January 18 for the second One Day international scheduled to be held at Barabati Stadium in Cuttack on January 19, the Odisha Cricket Association (OCA) said today. “As decided, both the teams were scheduled to check in at Hotel Mayfair in Bhubaneswar on […]

Sambalpur: Police today intensified its probe into a major seizure of cash worth Rs 1.43 crore with Sambalpur Sadar SDPO and the Dhanupalli IIC questioning the manager of the State Bank of India (SBI)’s main branch in the city here. Since most of the notes which include new Rs 2000 notes and Rs 500 notes […]

Sambalpur: In a major seizure, the Sambalpur Police laid hands on cash worth Rs 1,42,91,500 including new currency notes of Rs 2,000 and Rs 500 denominations and arrested eight persons regarding the case from Dhanupali area in Sambalpur today. The cash seized included new currencies worth Rs 85,62,000 and old Rs 500 currency notes worth […]

Bhubaneswar: Protesting against the demonetisation, five Left parties in Odisha will stage dharnas and resort to civil disobedience in front of State Bank of India branches across the State on November 28. Speaking to newsmen here on Saturday, Dibakar Naik, CPI State Secretary, “Activists and leaders of CPI, CPIM, CPIML, SUCI and the All India […]

In a broad daylight robbery, eight armed looters robbed Rs 15 lakh in cash and gold jewellery worth more than Rs 1 crore from the State Bank of India, Ruchida branch located in the town yesterday

New Delhi: Lenders of the cash strapped Jet Airways will restructure loans given to the airline under the ‘Sashakt’ scheme, State Bank of India (SBI) Chairman Rajnish Kumar said on Friday. Speaking at a concall after the third quarter earning results on Friday, Kumar said the debt recast proposal would go to the screening panel […]

Mumbai: Lending major State Bank of India (SBI) on Friday said it has received shareholders’ approval to raise up to Rs 20,000 crore. According to the SBI, the approval for its proposal to “create, offer, issue and allot such number of equity shares of Re 1 for an amount not exceeding Rs 20,000 crore …” […]

Mumbai: The State Bank of India (SBI) on Sunday asked non-banking financial companies (NBFCs) not to worry about credit availability as it would continue to support them. SBI Chairman Rajnish Kumar gave the assurance after the shares of housing finance companies came under sudden heavy selling pressure on Friday amid crisis at the Infrastructure Leasing […]

Mumbai: The Reserve Bank of India (RBI) should intervene in both spot and forward markets to arrest Indian rupee’s depreciation, suggested a State Bank of India (SBI) Ecowrap report on Tuesday. As per the report, during the June 2008 to May 2009 period, when rupee depreciated by 13 per cent, the RBI sold dollars worth […]

Mumbai: Even as the country’s retail inflation cooled off in August, an October rate hike by the Reserve bank of India (RBI) is imminent, a SBI Ecowrap report said on Wednesday. “Even though CPI (Consumer Price Index) inflation has cooled off, we believe October rate hike of 25 bps is imminent, but the question is […]

Kolkata: The country’s largest lender, State Bank of India (SBI), is looking at recovering more than Rs 40,000 crore of its stressed assets in the current fiscal, an official said on Saturday. “Our expectation is that we will be making a recovery of more than Rs 40,000 crore in the current financial year. We expect […]

New Delhi: Lending major State Bank of India on Thursday said that it will not charge any fees from customers who avail the facility of withdrawing cash through its PoS (Point of Sale) machines installed across various merchant locations. As per Reserve Bank of India (RBI) guidelines, customers can withdraw Rs 1,000 in tier I […]