27 Jul 2016
Mumbai: State Bank on Monday launched a payment system at its ATMs which will allow the account holders transfer money using mobile phone number as identifier.
06 Jul 2016
Mumbai: Rating agency Fitch has downgraded the banking sector outlook to negative, from stable, due to more downside risks emanating from rising stressed loans and weak corporate earnings, which may further roil banks.
28 May 2016
Kolkata: Weighed down by bad loans, top lender SBI saw 66.2 percent plunge in net profit to Rs 1,264 crore as it more than doubled the provision for stressed assets in the fourth quarter of last fiscal ended March 31.
10 Jun 2016
New Delhi: SBI and Spain's CaixaBank have inked pact to provide loans to Indo-Spanish joint ventures and local enterprises here.
20 May 2016
Mumbai: Nearly 50,000 employees of five associate banks of State Bank of India have gone on a day-long nationwide strike today to protest the proposed merger with their parent bank.
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.
10 Mar 2016
New Delhi: Banking major SBI yesterday said its board has approved raising the remaining Rs 5,000 crore of the Rs 12,000-crore fund raising programme through private placement of Basel-III compliant debt instruments.
03 Jul 2013
Concerned over rising bad loans, Finance Minister P Chidambaram on Wednesday asked banks to focus on top defaulters and take action against them.
15 Dec 2015
Mumbai: Days after the Reserve Bank set March 2017 as the deadline for lenders for cleaning up balance sheets, top bankers today met Governor Raghuram Rajan to discuss a way out of the asset quality woes.
31 Mar 2016
New Delhi: State Bank of India revised lending rates based on marginal cost of funds, a new methodology that will take effect from tomorrow.