State Bank Of India Sbi
India  /  Published 31.03.20

Unkindest cut

The Centre delivered a body blow to small savings depositors on Tuesday by slashing interest rates by 70 to 140 basis points in the first quarter (April-June) of the financial year 2020-21 — making ...
By Our Special Correspondent in New Delhi

Business  /  Published 21.09.19

Credit goal: Grow 12%

The State Bank of India estimates bank credit will reach Rs 200 lakh crore by 2024-25 to be able to support a $5 trillion economy. This implies that bank credit has to grow at the rate of 12 per cent ...
By A Staff Reporter in Calcutta

Business  /  Published 08.05.20

SBI cuts lending rate

State Bank of India (SBI) on Thursday reduced the marginal cost of funds based lending rate (MCLR) by 15 basis points across all tenors. This is its second cut in less than a month.After the latest re...
By Our Special Correspondent in Mumbai

Business  /  Published 07.05.20

SBI launches special FD scheme for senior citizens

The country's largest lender State Bank of India on Thursday slashed benchmark lending rate by 0.15 basis points and introduced special deposit scheme for senior citizens with higher interest rate.To ...
By PTI in New Delhi

Business  /  Published 27.03.20

RBI cushion against virus destruction

India’s central bank slashed its key lending rate Friday by three-quarters of a percentage point to 4.4 per cent, citing worries about the economic fallout from Covid-19’s “destructive force.”...


Business  /  Published 13.06.19

Cash prop for NBFCs sought

The financial sector on Thursday sought a dedicated liquidity window for NBFCs that can be used as a source of emergency funding from the government.In their pre-budget meeting with finance minister N...
By Our Special Correspondent in New Delhi

Business  /  Published 17.03.20

SBI to hold Yes Bank shares for 3 years

The State Bank of India, which has picked up around 48 per cent in beleaguered Yes Bank, will not sell a single share it holds in the bank, even though it can pare its stake to 26 per cent, SBI chairm...
By Our Special Correspondent in Mumbai

India  /  Published 06.06.19

Rs 1389-crore poll cash puzzle in Calcutta

The sale of electoral bonds worth Rs 370 crore in Calcutta in May was only the tip of an iceberg.The Calcutta Main Branch of the State Bank of India sold electoral bonds valued at Rs 1,389 crore betwe...
By Anita Joshua in New Delhi

India  /  Published 14.03.20

SBI heartless bank, says FM

It’s a fuzzy recording but Union finance minister Nirmala Sitharaman’s stern tone still comes through clearly. The object of her wrath: State Bank of India (SBI) Chairman Rajnish Kumar. The event:...
By Paran Balakrishnan in New Delhi

Business  /  Published 13.03.20

Centre clears Yes Bank rescue plan

The Union cabinet on Friday has approved the reconstruction scheme of Yes Bank proposed by the RBI even as it raised the authorised share capital of the bank to Rs 6,200 crore against the apex bank’...
By Our Special Correspondent in New Delhi


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