State Bank Of India
Business  /  Published 11.05.22

SBI hikes bulk deposit rates

State Bank of India (SBI) has hiked its interest rates on bulk deposits — Rs 2 crore and above — by 49-90 basis points, reflecting the upward movement of interest rates in the country afte...
By Our Special Correspondent in Mumbai

Business  /  Published 23.04.22

BoB bucks the trend

State-owned Bank of Baroda (BoB) on Friday went against the tide by reducing the home loan interest rate by a hefty 25 basis points to 6.50 per cent for a limited period. The move comes at a time some...
By Our Special Correspondent in Mumbai

Business  /  Published 19.04.22

SBI hikes base rate by 0.1%

The country's largest lender State Bank of India (SBI) has raised its marginal cost of funds based lending rate (MCLR) by 10 basis points (bps) or 0.1 per cent across all tenures, a move that will...
By Our Bureau, PTI in New Delhi

Business  /  Published 06.04.22

Carlyle exits SBI Cards

Carlyle, the private equity investor, on Tuesday exited SBI Cards and Payments Services (SBI Cards) by selling its entire stake through a block deal. Carlyle held 2,91,73,488 shares in SBI Cards whic...
By Our Special Correspondent in Mumbai

Business  /  Published 30.03.22

'Navi Mumbai airport financial closure achieved'

The Adani Group has achieved financial closure for the greenfield airport project in Navi Mumbai with SBI underwriting its entire debt requirement of Rs 12,770 crore, a statement said on Tuesday. The...
By PTI in New Delhi


Business  /  Published 05.03.22

RBI to offer payment options

The Reserve Bank of India (RBI) is expected to announce a raft of measures in the next few days — after consultations with the Centre — to enable payments to Russian companies that have be...
By Our Special Correspondent in Mumbai

Business  /  Published 02.03.22

SBI stops transactions with Russian entities

State Bank of India (SBI) has reportedly stopped processing transactions involving Russian entities, which are facing international sanctions following the invasion of Ukraine. It remains to be seen ...
By Our Bureau in Mumbai

Business  /  Published 20.02.22

FRL pays off $14m bond dues

Future Retail Ltd (FRL) has paid $14 million (around Rs 104.55 crore) as interest due on the dollar-denominated notes (USD Notes) listed on the Singapore Stock Exchange. The debt-ridden firm had misse...
By Our Special Correspondent

Business  /  Published 19.02.22

SBI lowers growth forecast to 8.8%

The economic research wing of the State Bank of India has projected a GDP growth rate of 8.8 per cent for the fiscal, down from its earlier estimate of 9.3 per cent. The National Statistics Office ha...
By Our Special Correspondent in New Delhi

Opinion  /  Published 16.02.22

Letters to the editor: Good to see diverse groups celebrating love without fear of censure

Spread the love Sir — Every year on Valentine’s Day, advertisements are replete with youthful, heteronormative and able-bodied couples showing their love for each other. Even if there is ...
By The Telegraph


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