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Home > State Bank of India
State Bank of India
We had GST (goods and services tax). We had IBC (insolvency and bankruptcy code). All these reforms have been implemented in last three years. And as a result, we are in a transition period. A lot of cleanup has happened in the corporate sector, said SBI Chairman Rajnish Kumar. (Photo: File)
Indian economy in transition phase, growth to come back: SBI Chairman
24 Oct 2019 12:37 PM

Growth can come back. Because of a lot of (reforms), economy is in transition, said SBI chief Rajnish Kumar.

At close of trade on Monday, SBI's market capitalisation (m-cap) was at Rs 2,27,979.20 crore, which is Rs 2,899.12 crore more than that of Bajaj Finance Rs 2,25,080.08 crore valuation on the BSE. (Photo: File)
SBI re-enters top-10 most valued firms list; replaces Bajaj Finance
14 Oct 2019 9:55 PM

The bank had on October 1 lost its spot to Bajaj Finance in the coveted club of top-10 most valued domestic companies.

DHFL has sold its strategic investments, even in core retail financial services firms like Avanse, Aadhar, DHFL Pramerica AMC to bring liquidity.
DHFL lenders led by SBI expected to complete debt resolution plan quickly
29 Sep 2019 6:13 PM

DHFL said, the company, in the past 12 months has repaid obligations of nearly Rs 45,000 crore.

The customers will have to pay the charges to SBI for transaction decline due to insufficient balance and cardless cash withdrawal at ATMs, effective from October 1.
SBI daily ATM cash withdrawal limit for different debit cards
24 Sep 2019 1:05 PM

SBI customers can withdraw cash from ATMs for 8-10 times without any charges.

The effective RLLR linked home loan, however, will depend on the loan amount, loan-to-value of the loan and the risk group of the borrower.
SBI to link all new floating loans to repo
24 Sep 2019 12:50 AM

The bank will also voluntarily extend benchmark-based lending to medium enterprises to boost lending to the MSME sector as a whole.

SBI owns 74 per cent in the cards venture, while its foreign partner can also choose to dilute its stake through the IPO (initial public offering), said SBI chairman Rajnish Kumar.
SBI shelves IPO plans for general insurance arm; card JV to hit market in Q4
15 Sep 2019 6:41 PM

Investor interest for cards business is very high, and SBI Card listing will happen in March quarter, said SBI chairman Rajnish Kumar.

The market capitalisation of State Bank of India (SBI) zoomed Rs 15,841.19 crore to Rs 2,60,330.92 crore.
Six of 10 most valued cos add Rs 50,580 cr in m-cap; SBI, ICICI Bank lead
15 Sep 2019 11:17 AM

RIL, HDFC Bank, HDFC and Kotak Mahindra Bank were the other winners in terms of market valuation.

At present, J&K Bank is the lead-bank for Jammu & Kashmir and Ladakh. (Photo: PTI)
SBI wants to be lead-bank for Ladakh; opens 14th branch
14 Sep 2019 3:54 PM

SBI Chairman Rajnish Kumar on Saturday inaugurated a new branch in this remote town of Diskit in the Nubra Valley.

As we go forward, we will actually take a call (on IPO) and that call is to be taken by the promoters...at some point of time this decision will be taken, SBI Card Managing Director and Chief Executive Officer Hardayal Prasad said.
SBI Cards says IPO process initiated, decision on timing to hit mkt soon
02 Sep 2019 8:02 PM

State Bank of India (SBI) holds 74 per cent stake in the SBI Card and the rest is held by Carlyle Group.

The best option we believe could be that regulator enforces all incremental bulk deposits henceforth to be repo linked/flexible, SBI report said. (Photo: File)
Link bulk deposits to repo for effective transmission of interest rates: SBI report
21 Aug 2019 11:32 AM

A dozen public sector banks, including State Bank of India, have voluntarily linked their interest rates to repo.

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