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State Bank Of India Sbi
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 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 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

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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Business  /  Published 06.02.22

SBI profit jumps 62 per cent

Net profit at State Bank of India (SBI) surged by 62 per cent for the third quarter ended December 31, 2021, beating analyst estimates. The country’s largest lender posted a standalone net profi...
By Our Special Correspondent in Mumbai

Business  /  Published 14.01.22

SBI mops up $300m in Formosa bonds

State Bank of India has raised $300 million by floating five-year Formosa bonds that will carry a coupon of 2.49 per cent. Formosas are foreign-currency bonds raised in Taiwan and generally listed on...
By Our Bureau in Mumbai

Business  /  Published 05.01.22

Bond yield spike stirs inflation fears

Yield on the benchmark 10-year bond hit a two-year high intra-day as it flared past the 6.50-per-cent mark, raising the spectre of higher interest rates on corporate borrowings and even other loans. T...
By Our Special Correspondent in Mumbai

Business  /  Published 22.12.21

SBI buys minority stake in JSW Cement

The country’s largest lender State Bank of India (SBI) has acquired a minority stake in JSW Cement Ltd at an investment of Rs 100 crore. SBI has acquired compulsorily convertible preference shar...
By Our Special Correspondent in Mumbai

Business  /  Published 16.12.21

SBI prepares for IPO of mutual fund arm

SBI Mutual Fund (SBI MF) may soon be listed on the bourses. State Bank of India (SBI) which holds almost 63 per cent in the fund house on Wednesday said it planned to offload 6 per cent of its stake t...
By Our Special Correspondent in Mumbai


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