SBI

  • SBI cuts home loan interest rate by up to 0.25% April 12, 2015

    New Delhi: Matching its competitor HDFC Ltd, State Bank of India on Sunday announced a cut in home loan rate by up to 0.25 per cent, providing relief to new borrowers. The cut in interest rate on home loans, with effect from Monday, is higher than the reduction of 0.15...
  • HDFC cuts home loan rate by 0.2 per cent; EMIs to come down April 10, 2015

    New Delhi: Country's largest mortgage firm HDFC on Friday cut home loan rate by 0.2 per cent to 9.9 per cent for new as well as existing borrowers. It has been decided to reduce home loan rate by 20 basis points, with effect from April 13, HDFC Ltd said in...
  • Bullet News: Catch the day's top stories April 7, 2015

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Zakka Jacob April 7, 2015

    Catch the day's top stories with Zakka Jacob on India @ 9. ...
  • News 360: Maharashtra government makes mandatory screening of marathi films in multiplexes April 7, 2015

    Screening of Marathi films during the prime time slots of 6pm to 9pm in multiplexes has been made mandatory by Maharashtra government. ...
  • SBI, HDFC Bank, ICICI Bank cut lending rate; home, auto loans to get cheaper April 7, 2015

    Mumbai: Nudged by the Reserve Bank of India, leading banks, State Bank of India, ICICI Bank and HDFC Bank, on Tuesday cut their lending rates. While SBI and HDFC Bank cut rates by a token 0.15 per cent, ICICI Bank slashed its lending rate by 0.25 per cent after the...
  • SBI cuts lending rate by 0.15% to 9.85%, effective April 10 April 7, 2015

    Mumbai: Nudged by RBI, country's biggest bank SBI on Tuesday cut base lending rate by 0.15 percentage point to 9.85 per cent, becoming the first major lender to ease the rate in many months. The new rate is effective April 10. SBI Chairman Arundhanti Bhattacharya said other lenders should follow...
  • Australia's IAG to up stake in joint venture with SBI March 26, 2015

    Mumbai: Insurance Australia Group Ltd will raise its stake to the maximum allowed 49 per cent in a general insurance joint venture with State Bank of India, the lender said on Thursday, following rule changes in March IAG currently owns 26 per cent of SBI General Insurance, with SBI, India's largest...
  • SBI aims to cut bad debt with huge online property auction March 12, 2015

    Mumbai: India's largest bank, the State Bank of India (SBI), will hold a record online auction this weekend to sell repossessed flats, warehouses and offices worth a total of nearly $200 million as the state lender seeks to chip away at its $10 billion mountain of bad debt. The SBI auction...
  • CBI registers a case against former TDP minister March 5, 2015

    New Delhi: CBI has filed a case against former TDP Minister Kothapalli Subbarayudu of Andhra Pradesh for allegedly cheating State Bank of India for Rs 5.73 crore. CBI sources said a case has been registered against him for allegedly availing loan facilities for 23 fish banks on the basis of...
  • Government to infuse Rs 6,990 crore in 9 public sector banks; SBI leads the pack February 8, 2015

    New Delhi: The government will soon infuse Rs 6,990 crore in nine public sector banks including SBI, Bank of Baroda (BoB), Punjab National Bank (PNB) for enhancing their capital and meeting global risk norms. This is the first tranche of capital infusion for which the government had allocated Rs 11,200...
  • EMIs to fall as banks ready to cut interest rates after RBI's surpise move January 15, 2015

    New Delhi: Soon your EMIs are going to come down with several banks going ahead with a reduction in their interest rates after the Reserve Bank of India itself cut rates in a surprise inter-meeting move on Thursday. United Bank of India on Thursday said it would cut its base rate...
  • Mumbai Metro launches online top-up facility for commuters December 25, 2014

    Mumbai: Mumbai Metro One has launched an online top-up facility for smart cards whereby commuters can recharge their cards through internet-enabled mobile phones and computers. "The company has launched the top-up facility of CSC and the online recharge services will be available to smart card...
  • SBI defends $1 billion loan to Adani Group, says money disbursal after scrutiny November 20, 2014

    New Delhi: Amid controversy over sanctioning a $1 billion loan to Adani Group, SBI on Thursday said that it has only signed a preliminary MoU and will disburse the money only after proper due diligence. SBI had on the sidelines of Prime Minister Narendra Modi's...
  • Sensex slips from peak, closes at 28,032.85 points; Nifty ends at 8,382.30 November 19, 2014

    Mumbai: The benchmark Sensex on Wednesday logged new lifetime high of 28,294.01 but retreated after a late fall gripped stocks to end 130 points down at 28,032.85, amid profit-taking in bluechips from metal, power and oil&gas space. The BSE 30-share barometer, after hitting the new peak in the opening trade, succumbed...
  • SBI says most of Hudhud-hit branches in Andhra now operational October 18, 2014

    Mumbai: State Bank of India said it has restored normal operations at almost all the 225 branches affected by the cyclone 'Hudhud' in Andhra Pradesh. "Of the 225 branches in the affected districts of Visakhapatnam, Vijaynagaram and Srikakulam, as many as 195 branches have been brought to normal as of...
  • Sensex plunges over 350 points, slips below 26,000 mark October 16, 2014

    Mumbai: The benchmark Sensex Thursday sunk 350 points to end below the 26,000-mark after a gap of two months on heavy bout of selling in the second half, tracking turbulence in Europe due to global growth worries. Besides, the rupee depreciated against the dollar to 61.90 (intra-day) on fears of...
  • Sensex rebounds 86 points after initial losses; Coal India, SBI up October 13, 2014

    Mumbai: After falling in initial trade, the benchmark Sensex on Monday rebounded over 86 points to end at 26,384.07 on the back of gains in key bluechips led by Coal India, Infosys, Hero MotorCorp, SBI and Maruti. The Sensex, which commenced the day on a weak note at 26,275.07, slipped...
  • RBI unveils more measures to deepen trading in bond market September 30, 2014

    Mumbai: To boost trading in bonds, RBI on Tuesday said that it will gradually lower the ceiling on government securities that can be held-to-maturity (HTM) by banks to 22 per cent, from 24 per cent, beginning January. The apex bank also announced it will extend the period that foreign investors...
  • SC judgement on Coal: Banks with Rs 1 lakh crore exposure sitting on mine of worries September 24, 2014

    New Delhi: The mass cancellation of coal blocks by the Supreme Court has sent banks in a jittery mode as they have extended over Rs 1 lakh crore loans to power plants that were fed by these mines. Almost all banks including country's largest lender State Bank of India and private...
  • SBI accounts for half of mobile transactions in June: RBI September 18, 2014

    Mumbai: State Bank of India accounted for half of the total number of mobile transactions undertaken in June, while ICICI Bank became the first to surpass the Rs 1,000crore mark albeit with only a fifth of the registered users as the country's largest lender. State Bank of India's (SBI) account holders...
  • Government servant can't claim right to privacy, says exSC judge September 13, 2014

    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' September 11, 2014

    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 September 10, 2014

    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 201314. Complaints pertaining to ATM transactions and nonadherence of fair business practices topped among the complaints, Banking Ombudsman (Chandigarh) RK Sood said on Wednesday. The...
  • Coal blocks allocation: SBI says has Rs 4,000crore exposure September 9, 2014

    Mumbai: Country's largest lender SBI, which has Rs 4,000crore 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: TobaccotoFMCG 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: Staterun 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...