State Bank Of India

  • 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. ...
  • Leader Talk: 'Over 55 per cent banking assets led by women' 22-03-2014 06:33 PM

    Arundhati Bhattacharya, chairperson of State Bank of India asserted that over 55 per cent banking assets were led by women. However, she went on to say that it will take some time for more and more women entering the corporate world. Speaking to Rajdeep Sardesai, editor-in-Chief, IBN18 Network, Arundhati justified...
  • 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...
  • 4 business turnarounds in the making 17-01-2014 03:22 PM

    1. Mining Moguls The unexpected winding up of the Shah Commission, which was investigating illegal mining, may have raised environmentalists' eyebrows, but the Indian mining sector is looking forward to a better year. Mining had stalled for about two years, hurting mining and steel companies like Sesa Goa and JSW...
  • 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...
  • 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...
  • The Last Word: Has the US federal reserve move brought an end to India's economic worries? 19-09-2013 10:15 PM

    The rupee surged 2.6 per cent on Thursday, hitting its highest in nearly five weeks, as the US Federal Reserve's decision not to dial back its easy money policy is expected to provide a reprieve to the Reserve Bank of India (RBI) in its policy making. ...
  • After US Fed's move, rupee rallies to near 5-week high, closes at 61.77 19-09-2013 06:20 PM

    The rupee surged 2.6 percent on Thursday, hitting its highest in nearly five weeks, as the US Federal Reserve's decision not to dial back its easy money policy is expected to provide a reprieve to the Reserve Bank of India (RBI) in its policy making. The rupee, which was among...
  • SBI increases its minimum rate of lending to 9.80 per cent, makes loans costlier 19-09-2013 11:39 AM

    The country's largest lender, State Bank of India, on Thursday said it increased its base rate, or the minimum rate of lending, to 9.80 per cent, a day ahead of the RBI's policy review. "State Bank of India has revised the base rate by 0.10 per cent from 9.70 per...
  • RBI opens spl 2-day MSF window to meet advance tax demand 14-09-2013 04:48 PM

    The Reserve Bank opened a special two-day funding window for banks through the marginal standing facility (MSF) today to help them meet liquidity needs as there would be higher demand for funds on account of advance tax payment. "Given the market conditions, we have decided to offer two-day funds to...
  • SBI officers to stage dharna at Jantar Mantar tomorrow 07-09-2013 03:19 PM

    A section of State Bank of India officers plan to stage a dharna at Jantar Mantar in New Delhi on Sunday against alleged arbitrary policies of management. "The proposed one-day dharna in New Delhi is against deteriorating industrial relations atmosphere in the bank and the vindictive stand taken by the...
  • Case registered against Goa casino employee for passing fake currency 31-08-2013 06:03 AM

    An offshore casino employee in Goa has been booked for depositing three counterfeit Rs 1,000 notes at a bank in Panaji, police said on Friday. Ashok Sahoo, manager at the State Bank of India (SBI) treasury branch in Panaji, said Prashant Surlikar, of Goa Carnival and Leisure Private Ltd, deposited...
  • Sensex up 158 points; metals and defensives lead, SBI falls 3.4% 12-08-2013 09:30 AM

    Mumbai: It was a positive start to the week with the equity benchmarks gaining 0.8 percent Monday, after losing more than two percent last week. Some short covering and robust trade data led the support. The BSE Sensex rose 157.64 points to close at 18946.98 after scoring more than a...
  • 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...
  • Reserve Bank should focus on growth now, says SBI 08-06-2013 02:23 AM

    Jaipur: Pitching for cut in policy rates, country's largest bank SBI on Friday said the Reserve Bank should now focus on growth as inflation has eased. "In my opinion, this is the time to focus on growth because a lot of ... has been done for inflation control and the...
  • Indian bankers suit up for war on debt defaulters 03-06-2013 09:05 AM

    Mumbai: Fed up with a profitable textile company's failure to repay its loan, UCO Bank has taken its grievance public, placing newspaper ads last month that brand the industrialist owner of S Kumar's Nationwide Ltd a defaulter. State Bank of India (SBI), Bank of India Ltd and Bank of Baroda...
  • 'RBI, SEBI should create awareness against ponzi schemes' 19-05-2013 08:20 AM

    Kolkata: In the backdrop of the chit fund scam, the State Bank of India on Saturday said Reserve Bank of India or Securities and Exchange Board of India should take up major campaigns to create awareness among investors being lured to ponzi schemes. "RBI...or SEBI should begin a major campaign...
  • SBI enters into partnership with Industrial Bank of Korea 11-05-2013 03:45 AM

    Mumbai: State Bank of India on Friday said it has entered into a partnership with the Industrial Bank of Korea to help the Korean small businesses doing business here in the country. The agreement will help about 480 Korean small and medium enterprises operating in the country, SBI said in...
  • Money laundering: RBI action soon; banks start cracking whip 09-05-2013 10:32 PM

    Srinagar/Chandigarh: Amid fresh allegations of money laundering by banks, RBI and several banks on Thursday said actions are being taken against erring institutions and employees for violating prudential banking norms. The central bank has already completed investigations against banks and would take action against guilty institutions, RBI Governor D Subbarao...
  • SBI California ordered to clean up US operations 09-05-2013 04:28 AM

    Washington: The California-based subsidiary of State Bank of India (SBI) has agreed to take a series of steps to improve its banking practices related to bad loans following a review by US regulators. The largest Indian bank consented March 6, 2013 to the orders of the federal and state regulators...
  • Is the entire banking and finance system prone to money laundering? 06-05-2013 11:31 PM

    As many as 23 public and private sector banks and insurance companies were on Monday accused of "running a nation-wide money laundering racket" by online portal Cobrapost, prompting the Finance Ministry and regulator IRDA to initiate independent investigations into the matter. ...
  • Money laundering: No KYC norms violation at SBI, says bank chairman 06-05-2013 09:48 PM

    CNBC TV18's Akanksha Sethi spoke to State Bank of India's chairman Pratip Chaudhary over the latest expose by Cobrapost revealing money laundering operations at SBI and other public sector unit banks. ...
  • Money laundering by banks: Govt to begin probe 06-05-2013 09:48 PM

    New Delhi: As many as 23 public and private sector banks and insurance companies were on Monday accused of "running a nation-wide money laundering racket" by online portal Cobrapost, prompting the Finance Ministry and regulator IRDA to initiate independent investigations into the matter. In its second expose, Cobrapost accused country's...
  • News 360: SBI, LIC named in expose on money laundering by banks 06-05-2013 09:34 PM

    Part Two of the Cobrapost investigation on money laundering methods used by banks focused on 23 major public sector banks and financial institutions. This included the State Bank of India as also the Life Insurance Corporation. ...
  • Money laundering: Banks will take action against delinquent employees, says Financial Services Secretary 06-05-2013 09:26 PM

    Part Two of the Cobrapost investigation on money laundering methods used by banks focused on 23 major public sector banks and financial institutions. This included the State Bank of India as also the Life Insurance Corporation. ...
  • Money laundering by banks: Those at the helm must stem the rot 06-05-2013 07:33 PM

    Part Two of the Cobrapost investigation on money laundering methods used by banks focuses on 23 major public sector banks and financial institutions. This includes the State Bank of India as also the Life Insurance Corporation. ...
  • Banks sell Kingfisher's assets, recover Rs 1000 cr 06-05-2013 06:56 PM

    New Delhi: State Bank of India (SBI) on Monday said the consortium of lenders has recovered Rs 800-1,000 crore and is making all efforts to recover the remaining dues from beleaguered Kingfisher Airlines. "KFA recoveries are going on. We have substantial amount of recoveries. Total recoveries for banks is more...
  • RBI should release its audit report on the banks: Aniruddha Bahal 06-05-2013 06:39 PM

    Special Investigations website Cobrapost has revealed that 23 banks and insurance companies have been engaged in money laundering. Among the 23 banks involved are mostly PSU banks including some big names like the State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, IDBI, Oriental Bank and Dena...
  • Money laundering by banks: Will take action depending on crime, says SBI 06-05-2013 05:55 PM

    Twenty three public sector banks, including the SBI, and insurance companies have been named in a sting operation conducted by special investigations website Cobrapost. ...
  • 23 banks, insurance firms engaged in money laundering: Cobrapost 06-05-2013 10:43 AM

    New Delhi: Special Investigations website Cobrapost has revealed that 23 banks and insurance companies have been engaged in money laundering. Among the 23 banks involved are mostly PSU banks including some big names like the State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, IDBI, Oriental Bank...