SBI

  • Government servant can't claim right to privacy, says ex-SC judge 4 days ago

    Ahmedabad: Without naming the beleaguered CBI chief Ranjit Sinha, former Supreme Court judge GS Singhvi on Saturday said that a government servant cannot always claim right to privacy. Sinha, who is facing the heat currently over disclosure of names in visitors' logbook allegedly maintained at his...
  • SBI takes lead in opening bank accounts under 'Jan Dhan Yojana' 6 days ago

    New Delhi: State Bank of India has taken the lead in flagship Jan Dhan Yojana by opening over 30 lakh accounts so far, followed by Punjab National Bank. As of September 8, State Bank has opened about 21.16 lakh accounts in rural areas and 8.8 lakh accounts in urban areas,...
  • Maximum complaints against nationalised banks 1 week ago

    Chandigarh: Bank customers continued to have maximum grievances against nationalised banks as over 68 per cent of complaints were filed against these banks including SBI group in 2013-14. Complaints pertaining to ATM transactions and non-adherence of fair business practices topped among the complaints, Banking Ombudsman (Chandigarh) RK Sood said on Wednesday. The...
  • Coal blocks allocation: SBI says has Rs 4,000-crore exposure September 9, 2014

    Mumbai: Country's largest lender SBI, which has Rs 4,000-crore exposure to coal mines, on Tuesday said that the banking system is unlikely to take a hard knock even if the Supreme Court cancels all the 218 coal blocks allocated between 1993 and 2010. Various reports have pegged the collective exposure...
  • ITC replaces TCS as India's most admired company August 24, 2014

    New Delhi: Tobacco-to-FMCG conglomerate ITC has replaced Tata group's IT giant TCS as the country's most admired company on a Fortune magazine list, which has got as many as 19 new entrants including Cognizant, Birla group firm Idea Cellular and discom BSES Rajdhani Power Ltd. ...
  • SBI Q1 net profit rises 3.3 per cent to Rs 3,349 crore August 8, 2014

    Mumbai: State Bank of India on Friday reported a marginal 3.3 per cent increase in net profit to Rs 3,349.08 crore for the quarter ended June 30 even as provision for bad debts increased significantly. The country's largest bank had a standalone net profit of Rs 3,241.08 crore in the same...
  • Sriram, Kannan appointed SBI Managing Directors July 17, 2014

    Mumbai: State Bank of India (SBI) on Thursday said it has appointed B Sriram and VG Kannan as Managing Directors and Group executives. The duo will be coming to SBI from Group associates, where they held senior positions. Sriram, previously Managing Director of State Bank of Bikaner and Jaipur, will be handling...
  • MTNL appoints SBI Cap for evaluating investment scope in United Telecom Limited July 15, 2014

    New Delhi: State-run telecom firm MTNL has roped in SBI Capital Markets to evaluate feasibility of investments in its Nepal based joint venture telecom operator United Telecom Limited. "MTNL has appointed SBI CAP to assist it in deciding whether to invest further in to UTL which...
  • PSU banks to raise Rs 2.40 lakh crore capital by 2018 July 10, 2014

    New Delhi: Proposing to provide greater autonomy to public sector banks, Finance Minister Arun Jaitley on Thursday said these lenders would require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms. "To be in line with the Basel III norms, there is requirement to infuse Rs 2.40...
  • SBI branch manager abducted in Meghalaya June 16, 2014

    Shillong: Suspected militants abducted a branch manager of the State Bank of India on Monday in Meghalaya's South West Garo Hills district, police said. The bank official, Arvind Kumar, was on his way from Guwahati when his vehicle was stopped by three armed persons at Rangatari near the Garobadha bridge...
  • SBI Q4 net profit falls 8 per cent to Rs 3,041 crore May 23, 2014

    Country's largest bank SBI on Friday reported 8 per cent decline in net profit at Rs 3,041 crore for the fourth quarter ended March 31, 2014 on account of higher provisioning against bad loans. State Bank of India had a net profit of Rs 3,299 crore on standalone basis in the...
  • Asset quality of banks deteriorating at frightening pace: Study May 14, 2014

    New Delhi: The asset quality in banks has deteriorated at a "frightening pace" during 2013-14 fiscal with public sector banks bearing the maximum brunt of bad loans, a RBI panel report has said. At the quarter ended December 2013, banks collectively held loan provisions of Rs 98,593 crore, an increase...
  • Sensex, Nifty rise for sixth day as foreign funds pour in April 2, 2014

    Mumbai: Rising for the sixth straight day, the BSE benchmark Sensex on Wenesday climbed to yet another record closing high of 22,551.49 on increased foreign fund inflows mainly in banking and oil stocks amid firm global trends. In the day trade, the 30-share index touched all-time high of 22,592.10 for the...
  • SBI: Bank for the unbanked March 30, 2014

    The 200-year-old State Bank of India stands tall in the Indian banking industry. As on December 2014, the bank had deposit worth Rs 13 lakh crore and advance worth Rs 11 lakh crore. ...
  • Sensex ends 67 points up to end at record close March 5, 2014

    Mumbai: The benchmark Sensex on Wednesday extended gains by rising 67 points to end near its record close on sustained buying driven by positive global cues. Thawing of Ukraine crisis and upbeat economic data from China helped domestic markets, said traders. After gaining 263.08 points in the previous session, the Sensex...
  • Rashid Khan wins SAIL-SBI Open golf March 1, 2014

    New Delhi: Rashid Khan of India claimed a play-off victory over Bangladeshi Siddikur Rahman at the SAIL-SBI Open with a birdie on the first extra hole at the Delhi Golf Course (DGC) here Saturday. The 23-year-old completed a memorable wire-to-wire victory at his home course, atoning for his heartbreaking play-off defeat...
  • Rashid, Mithun joint leaders after rain suspends SAIL Open February 28, 2014

    New Delhi: India's Rashid Khan and Mithun Perera of Sri Lanka were joint leaders but were left stranded on the seventh and eighth hole respectively after torrential rain suspended the third day's play in the SAIL-SBI golf tournament here on Friday. Overnight leader, Rashid dropped a bogey at the fifth hole,...
  • Rashid Khan leads the field by four strokes in SAIL-SBI Open February 27, 2014

    New Delhi: A double bogey threatened to spoil his card but Rashid Khan made a superb recovery as he scored a three-under 69 to lead the field by four strokes at the halfway stage of the SAIL-SBI Open at the Delhi Golf Course on Thursday. The 23-year-old Indian, who launched his...
  • Golfer Anirban Lahiri aims to defend title at season-opening SAIL-SBI Open February 25, 2014

    Two-time defending champion Lahiri would be eyeing a hat-trick at the Asian Tour's season-opening SAIL-SBI Open which will tee off at the prestigious Delhi Golf Club on Wednesday. ...
  • Anirban aims to defend title at season-opening SAIL-SBI Open February 25, 2014

    New Delhi: Two-time defending champion Anirban Lahiri would be eyeing a hat-trick at the Asian Tour's season-opening USD 300,000 SAIL-SBI Open which will tee off at the prestigious Delhi Golf Club on Wednesday. The 26-year-old golfer, who beat Thailand's Prom Meesawat and compatriot Rashid Khan in play-offs in 2012 and 2013...
  • State Bank of India may slow hiring in next few years February 19, 2014

    State Bank of India, the country's largest lender, may go slow on recruitment during the next 2-3 years, a top bank official said on Wednesday. According to A Krishna Kumar, Managing Director, the bank will try to maintain the employee strength at current levels even as it keeps expansion programmes...
  • State Bank of India Q3 net profit dips 34% at Rs 2,234 crore February 14, 2014

    Mumbai: State Bank of India (SBI) on Friday posted a 34 per cent decline in net profit at Rs 2,234.34 crore for the third quarter ended December 31, 2013 on account of higher provisioning for bad loans. The country's largest bank had a net profit of Rs 3,396 crore on standalone...
  • PSU bank unions on two-day strike from Monday, services crippled February 10, 2014

    New Delhi: Services in public sector banks across the country have been affected as their employee unions are on a two-day nation-wide strike from Monday demanding higher salaries. Over 8 lakh employees in all PSU banks are on strike which has crippled most business and commercial activities across the country. ...
  • Caught on camera: Guards fight off armed robbers at SBI branch January 25, 2014

    An robbery attempt at State Bank of India branch was foiled by security guards after they fought off the robbers, forcing them to flee. The armed men opened fire at the guards. Two security personnel sustained bullet injuries. The incident, that was caught on the CCTV cameras, shows how...
  • Telangana agitation hits business and merger of SBH January 13, 2014

    Coimbatore: Admitting that the ongoing Telangana agitation has seriously affected business of State Bank of Hyderabad, a top Bank official on Monday said it has also impacted its proposed merger with the parent State Bank of India (SBI). "Several branches had to be shut for several days, which has impacted our...
  • Sensex falls 37 points in the third day of losses; IT stocks shine January 3, 2014

    Mumbai: After dropping 157 points in early trade amid weak global cues, the Sensex on Friday recouped some losses in the latter half on the back of continued strength in IT stocks to end the day with a 37-point fall. Selling in bluechips led by auto sector on reports of lower...
  • SBI slashes home loan rates by up to 0.4 per cent December 19, 2013

    Country's largest bank SBI on Thursday cut home loan rates by up to 0.4 per cent for new borrowers, a day after RBI kept its key policy rates on hold. Women borrowers would get an additional 0.05 per cent concession on card rates. SBI home loans will now be available under...
  • PSU banks' staff go on strike, operations hit December 18, 2013

    Normal banking operations like cheque clearances, withdrawing and depositing of money at branches were hit across the country as employees of public sector banks went on a one-day strike on Wednesday to press for wage revision and other demands. All the members affiliated to nine bank employees and officers unions have...
  • MP's first Bhartiya Mahila Bank to be inaugurated today December 5, 2013

    Bharatiya Mahila Bank's (BMB) first branch in Madhya Pradesh will be inaugurated in Indore on Thursday by the Additional Secretary Finance, Government of India, Snehlata Shrivastava. The BMB branch in the city was established in the State Bank of India's (SBI) GPO premises, official sources said. Prime Minister Manmohan Singh inaugurated...
  • SBI posts steepest fall in Q2 net profit November 13, 2013

    State Bank of India (SBI) posted its steepest fall in quarterly net profit in more than two years due to worsening asset quality and a slump in treasury operations. SBI, which accounts for a quarter of the country's loans and deposits, said on Wednesday its net profit fell 35 per cent...