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.
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.
15 May 2016
Mumbai: An election officers seized Rs 570 crore in cash from three containers in poll-bound Tamil Nadu in the wee hours yesterday. However, the State Bank of India said last evening that it was the bank's legitimate cash.
18 May 2016
New Delhi: The proposal of SBI to merge its five associate banks with itself and acquire Bharatiya Mahila Bank is in line with the government's policy of consolidation as the country needs global-sized institutions, Finance Minister Arun Jaitley today said.
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.
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.
17 Mar 2016
Mumbai: Lenders to long-grounded Kingfisher Airlines, owned by beleaguered businessman Vijay Mallya, today began auctioning the KFA headquarters - Kingfisher House - situated near the domestic airport here.
16 Mar 2016
Mumbai: Public sector lender SBI has tie-up with taxi-aggregator Uber to provide instant vehicle finance to 'driver-partners' on the latter's platform.
22 Mar 2016
New Delhi: The country's largest lender, SBI, today said it has raised Rs 500 crore from issue of bonds on a private placement basis.
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.