State Bank Of India Sbi
Business  /  Published 03.10.18

IL&FS bailout could be expensive for some

Board meetThe newly constituted board of crisis-ridden IL&FS is likely to hold its maiden meeting on Thursday to thrash out a turnaround plan, according to government sources.The finance ministry ...
By Agencies

Business  /  Published 26.09.18

SBI to sell 4% stake in insurance unit

The State Bank of India (SBI) will sell a four per cent stake in its subsidiary — SBI General Insurance Company Ltd — for Rs 482 crore ($66 million) in a transaction that will value the latter at ...
By Our Special Correspondent

Business  /  Published 15.07.19

Jet lenders to meet today

The committee of creditors (CoC) of Jet Airways will hold its first meeting on Tuesday since it initiated insolvency proceedings against the airline, which stopped operations in April.The resolution p...
By Our Special Correspondent in Mumbai

Business  /  Published 03.04.20

Monetise deficit

The call to monetise deficit — the RBI buying bonds directly from the government — is getting louder.On Friday, the economic research wing of State Bank of India (SBI) said in a report that it is ...
By Our Special Correspondent in Mumbai

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


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