SBI

  • Sensex, Nifty rise for sixth day as foreign funds pour in 02-04-2014 09:44 AM

    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...
  • SBI: Bank for the unbanked 30-03-2014 05:02 PM

    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 05-03-2014 04:36 PM

    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...
  • Rashid Khan wins SAIL-SBI Open golf 01-03-2014 05:43 PM

    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...
  • Rashid, Mithun joint leaders after rain suspends SAIL Open 28-02-2014 05:24 PM

    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...
  • Rashid Khan leads the field by four strokes in SAIL-SBI Open 27-02-2014 08:12 PM

    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...
  • Golfer Anirban Lahiri aims to defend title at season-opening SAIL-SBI Open 25-02-2014 09:11 PM

    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. ...
  • State Bank of India may slow hiring in next few years 19-02-2014 06:12 PM

    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 14-02-2014 03:07 PM

    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...
  • PSU bank unions on two-day strike from Monday, services crippled 10-02-2014 12:30 PM

    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....
  • Telangana agitation hits business and merger of SBH 13-01-2014 08:16 PM

    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...
  • Sensex falls 37 points in the third day of losses; IT stocks shine 03-01-2014 09:30 AM

    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...
  • SBI slashes home loan rates by up to 0.4 per cent 19-12-2013 05:55 PM

    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...
  • PSU banks' staff go on strike, operations hit 18-12-2013 11:11 AM

    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...
  • MP's first Bhartiya Mahila Bank to be inaugurated today 05-12-2013 09:27 AM

    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...
  • SBI posts steepest fall in Q2 net profit 13-11-2013 01:29 PM

    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...
  • Home, auto loans get costlier as SBI raises lending rates by 0.20 per cent 06-11-2013 01:25 PM

    Home, auto and consumer loans are expected to become costlier with the country's largest lender State Bank of India (SBI) raising its lending rates by 0.20 per cent with effect from Thursday. The bank has revised the base rate or the minimum lending rate to 10 per cent from 9.80...
  • Sensex falls 265 points as bulls pause for breather 05-11-2013 09:45 AM

    Mumbai: The Sensex and Nifty snapped a five-day winning streak Tuesday, even as an increasing number of players are turning positive on India. The Sensex shed 264.57 points or 1.25 percent to close at 20974.79, and the Nifty fell 64.20 points or 1.02 percent to end at 6253.15. While the...
  • RBI likely to hike policy interest rate by 0.25 per cent on Tuesday 28-10-2013 03:47 PM

    Reserve Bank of India (RBI) Governor Raghuram Rajan is likely to hike a key policy interest rate by at least 0.25 per cent on Tuesday, analysts said. This will be the second increase in the repurchase or repo rate in nearly one-and-a-half months to curb inflation. In his first policy...
  • SBI head Arundhati Bhattacharya emerges as empowering leader 22-10-2013 12:58 PM

    The appointment of Arundhati Bhattacharya as chairperson of State Bank of India Oct 7 signals her acumen with numbers. That a 57-year-old career banker will lead the 207-year-old bank, the biggest in the country, to serve the customer is a natural expectation. That winds of change - with her employee-friendly...
  • P Chidambaram to meet bank chiefs on Tuesday 21-10-2013 06:27 PM

    Finance Minister P Chidambaram will meet chairmen and managing directors of public sector banks on Tuesday to review their performance, especially the situation of non-performing assets and credit growth. The meeting will take place at the State Bank of India (SBI) main branch office in the national capital. Chiefs of...
  • SBI slashes interest rates on car, consumer goods loans 09-10-2013 01:54 PM

    State Bank of India (SBI) on Wednesday reduced interest rates on loans for car and consumer durables and also decided to lower processing charges to cash in on the festival season demand. SBI is the fourth bank after PNB, OBC and IDBI Bank to offer special interest rates for loans...
  • Arundhati Bhattacharya takes charge as first woman chief of SBI 07-10-2013 06:05 PM

    Mumbai:Arundhati Bhattacharya on Monday took over as the new chairperson of the State Bank of India (SBI). She is the first woman to be appointed to the top job at the country's largest lender. Prior to her elevation to the top job, 57-year-old Bhattacharya was managing director and chief financial...
  • SBI increases its minimum rate of lending to 9.80 per cent 19-09-2013 06:14 PM

    The SBI on Thursday increased its minimum rate of lending to 9.80 per cent and made the loans costlier. ...
  • Bank locker found at Kedarnath, Rs 1.90 crore recovered 15-09-2013 09:04 PM

    Dehradun: Rs 1.90 crore in cash were recovered from a bank locker pulled out of the debris at Kedarnath during cleaning operations prior to resumption of prayers at the Himalayan shrine on September 11, a senior police official said on Sunday. The locker of State Bank of India was pulled...
  • D Subbarao cautions against creating 'too-large-to-fail bank' 13-08-2013 05:01 PM

    Amidst the ongoing talks of consolidating small state-run banks to create one or two globally large size banks, Reserve Bank governor D Subbarao on Tuesday cautioned against making a 'too-large-to-fail' banks, saying what is needed is not a monopolist but a number of comparatively large banks. Citing the 2008 credit...
  • SBI takes possession of Kingfisher House 12-08-2013 10:18 PM

    In another setback for Kingfisher Airlines Chairman Vijay Mallya, the Kingfisher Airlines House in Mumbai will now be auctioned. The State Bank of India, which is a lender to the airlines, took possession of the Kingfisher House on Saturday. ...
  • Mumbai: Kingfisher House to be auctioned as SBICAP takes possession 12-08-2013 09:24 AM

    Mumbai: In another setback for Kingfisher Airlines Chairman Vijay Mallya, the Kingfisher Airlines House in Mumbai will now be auctioned. The State Bank of India, which is a lender to the airlines, took possession of the Kingfisher House on Saturday. KFA House is the headquarters of the airline in Mumbai...
  • Combing operations on to trace abducted SBI officials 29-07-2013 09:26 PM

    A team of CRPF and Jharkhand Police on Monday launched operations to trace the two State Bank of India officials abducted by ultras, even as the staff of the Panki branch of SBI in Jharkhand's Palamau district boycott work demanding security. The security personnel conducted combing operations to trace field...
  • Medininagar: One of the kidnapped SBI official manages to escape 28-07-2013 11:36 PM

    One of the three bank officials, who were kidnapped by suspected ultras in naxal-hit Palamau district, managed to escape, police said on Sunday. Branch manager Pramod Kumar managed to escape and reach Herhanj police station in adjoining Latehar district this evening, DIG (Palamau) Ravi Kant Dhan said. Dhan said Kumar...