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PSBs need government support for viability of social schemes: <strong>SBI</strong>

PSBs need government support for viability of social schemes: SBI

29 Aug 2015

Mumbai: SBI chief Arundhathi Bhattacharya said the government needs to think about "ways and means" to sustain social security schemes like Pradhan Mantri Jan Dhan Yojana in the long run and compensate public sector banks (PSBs) to make such initiatives commercially viable.

SBI chief,   Arundhathi Bhattacharya,   Modi government,   Social security schemes,   Pradhan Mantri Jan Dhan Yojana,   Public sector banks,  
Market crash an aberration, macro fundamentals in better shape: <strong>SBI</strong>

Market crash an aberration, macro fundamentals in better shape: SBI

27 Aug 2015

New Delhi: The recent stock market crash is an 'aberration' and markets will correct based on upcoming macro numbers -- GDP and CPI inflation -- which are likely to be positive, SBI Research said in a note today.

SBI,   SBI research,   Market crash,   GDP,   CPI,   inflation,   Indian economy,   stock market,   Latest Business News,  
All-out efforts on to bring down PSU banks' <strong>NPA</strong>, says Arun Jaitley

All-out efforts on to bring down PSU banks' NPA, says Arun Jaitley

21 Aug 2015

New Delhi: Hoping that the NPA situation will improve in the coming quarters, Finance Minister Arun Jaitley today said an all-out effort has been launched to correct the current 'unacceptable' level of bad loans in the PSU banks.

Arun Jaitley,   Finance Minister,   PSU banks,   NPA,   Indian Bank Foundation Day,   Latest Business News,  
<strong>SBI</strong> to increase number of customer service points

SBI to increase number of customer service points

21 Aug 2015

Kolkata: Anticipating tougher competition after RBI granted payments banking licences to 11 entities, State Bank of India (SBI) on Friday said it will increase the number of its Customer Service Points (CSP) to assert its position in the rural unbanked segment.

RBI,   payments banking,   State Bank of India,   SBI,   Customer Service Points,  
<strong>SBI</strong> launches mobile wallet app 'Buddy'

SBI launches mobile wallet app 'Buddy'

18 Aug 2015

Mumbai: Country's largest lender State Bank of India today launched a mobile wallet app, SBI Buddy, in collaboration with Accenture and MasterCard. The service will be available to existing as well as non SBI customers. The app was launched by Finance Minister Arun Jaitley along with Jayant Sinha, Minister of State for Finance and Hasmukh Adhia, Secretary, Department of Financial Services.

State Bank Of India,   Buddy,   accenture,   MasterCard,   Arun Jaitley,   SBI Foundation,   education,   environment,  women empowerment,   child welfare,   Agastya International Foundation,   latest business news,  
 Raghuram Rajan wants realty players to cut rates for reducing stock

Raghuram Rajan wants realty players to cut rates for reducing stock

21 Aug 2015

Mumbai: Reserve Bank Governor Raghuram Rajan yesterday exhorted realty developers stuck with high inventories to cut their rates even as the country's largest lender SBI sought RBI's nod for cutting home loan rates.

Raghuram Rajan,   Reserve Bank Governor,   SBI,   RBI,   Latest business news ,  
Government launches portal for students seeking education loans

Government launches portal for students seeking education loans

20 Aug 2015

New Delhi: The government today said it has a launched a website, vidyalakshmi.co.in, for students seeking educational loans and five banks including SBI, IDBI Bank and Bank of India have integrated their system with the portal.

Government,   Portal for students,   Education loans,   Website,   Vidyalakshmi,   Students,   SBI,   Latest Nation News,  
 <strong>SBI</strong> Chief sees no credit pick up before March quarter

SBI Chief sees no credit pick up before March quarter

07 Aug 2015

Mumbai: State Bank chairperson Arundhati Bhattacharya yesterday said bank credit is not picking up despite the seeming revival in the economy, adding that an improvement is not likely before the March quarter.

SBI,   State Bank chairperson Arundhati Bhattacharya,   Credit pick,   RBI,   Latest business news,  
 Sensex gains 103 points, driven by value-buying

Sensex gains 103 points, driven by value-buying

11 Aug 2015

Mumbai: The benchmark BSE Sensex recovered over 103 points in morning trade today on value-buying by investors after two sessions of losses amid a mixed trend at other Asian markets.

Sensex,   BSE Sensex,   Asian market,   SBI,   Sun Pharma,   NSE Nifty,   Latest business news ,  
Hong Kong fines <strong>SBI</strong> for violation of anti-money laundering law

Hong Kong fines SBI for violation of anti-money laundering law

31 Jul 2015

New Delhi: The Hong Kong central bank today penalised State Bank of India's Hong Kong branch USD 1 million (Hong Kong dollar 7.5 million) for alleged violation of local anti-money laundering and counter-terror financing laws.

Hong Kong,   SBI,   Anti money laundering law,   Hong Kong central bank,   State Bank of Hong Kong,   Latest Business News,  

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