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.
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.
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.
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.
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.
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.
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.
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.
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.
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.