28 Nov 2015
Kolkata: Country's largest lender State Bank of India (SBI) is finalising plans to set up a subsidiary for managing its large portfolio of real estate properties and those taken on lease or rent.
23 Nov 2015
New Delhi: Concerned over 'unacceptable' NPA levels, Finance Minister Arun Jaitley today discussed with PSU bank chiefs the issue of wilful defaulters and said that the lenders have all the powers and autonomy to deal with them.
22 Nov 2015
Mumbai: After a protracted legal battle, State Bank of India (SBI) has declared industrialist Vijay Mallya a 'wilful defaulter' for defaults on nearly Rs 7,000 crore loans to the long-grounded Kingfisher Airlines.
17 Nov 2015
Hyderabad: After launching a mobile wallet app, 'SBI Buddy', for smartphone users, State Bank of India will soon come out with a similar software tool for customers with feature phones, a top official said yesterday. The soon-to-be launched mobile wallet app will be called 'Batua'.
18 Nov 2015
New Delhi: Debt-laden Air India will soon sell four residential flats in Mumbai to public sector lender SBI for about Rs 90 crore as the airline looks to raise funds by sale of certain assets. The proposal, which has been in the works for some months, was recently approved by the Cabinet, sources said.
08 Nov 2015
New Delhi: Country's largest lender State Bank of India (SBI), which saw a drop in bad loans in the July-September quarter, has stepped up efforts to bring down NPAs further to the last financial year's level.
07 Nov 2015
Mumbai: Beating expectations, country's largest lender State Bank of India today reported 25.12 percent jump in net profit at Rs 3,879 crore for the September quarter, driven by drop in bad loans, higher non-interest income and robust loan growth.
29 Sep 2015
Mumbai: Soon after reduction in repo rate by the Reserve Bank, country's largest lender State Bank of India (SBI) today slashed minimum lending or base rate by 0.4 percent to 9.3 percent, setting the trend for benign interest rate regime.
17 Mar 2013
State Bank of India (SBI) plans to open about 1,200 branches in the country and another eight branch offices overseas, including China and the UK, in the next fiscal.
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.