2 hrs ago
SBI's new fixed deposit rates effective from Thursday
Anticipating a lower credit offtake than what was expected, State Bank of India has revised its fixed deposit rates Thursday onwards. The bank in a statement said it has decided to cut the deposit rates by 25 basis points to 8.75 percent on deposits of 1-3 year duration.
Tue Sep 16, 2014
Tata Steel ties up with clutch of banks to raise $4 billion debt
Tata steel, India's largest steel producer, has tied up foreign debt of nearly $4 billion from a clutch of foreign and state-owned bank s. The loan, designated in Euro and sterling pound, is aimed at refinancing the existing debt the company raised to acquire the UK-based steel company Corus Group Plc.
SBI takes lead, pares retail deposit rates
Summary SBI on Tuesday trimmed the interest rate on term deposits with a maturity of between one and three years by 25 basis points to 8.75%. Ample liquidity and a lack of lending opportunities have prompted State Bank of India to trim deposit rates for its retail customers with more banks expected to follow suit.
Mon Sep 15, 2014
Raghuram Rajan, SBI on same page, say crop loan waiver unhealthy
Summary SBI chairman Arundhati Bhattacharya agreed, saying: 'It is a big issue as lending to the agriculture segment goes down after every such waiver.' Condemning the popular pre-election practice of crop loan waivers, the Reserve Bank of India and the State Bank of India on Monday asserted that loan waivers disrupt credit discipline, resulting in a dip in credit deployment.
How home loans have changed in the past 4 decades
Home buyers 40 years back had a completely different profile: they were in their mid-forties or older and most dipped into their provident fund corpus and other savings to fund a house. The amount was less than half the total amount of Rs 70,000 that he spent to build a house in Mumbai's Malad.
Thu Sep 11, 2014
SBI Mutual aspires to be on Top 5 list
A joint venture of the State Bank of India and French asset management firm Amundi, SBI Mutual Fund will focus on equity and has planned three new fund offers in this financial year. "We are hoping to end the year with Rs 90,000 crore asset under management.
Wed Sep 10, 2014
India's Most Powerful Banker Warns of Hazards in Canceling Loans
Arundhati Bhattacharya runs State Bank of India, the country's largest lender, and says she will support the government's effort to bring banking services to many more citizens. Lending in India can get political.
Govt RBI ask banks to declare names of wilful defaulters quickly
The government and the Reserve Bank of India have asked banks to swiftly declare names of other wilful defaulters besides Vijay Mallya-promoted Kingfisher Airlines. United Bank of India recently declared Kingfisher Airlines, Vijay Mallya and three directors on board wilful defaulters.
Wed Sep 03, 2014
Fitch Affirms Ratings on 9 Indian Banks; Pressure on Asset Quality
MUMBAI/SINGAPORE, September 03 Fitch Ratings has affirmed the ratings on nine Indian banks.
Customer Interaction Solutions
Now use a smart card to buy milk [Mail Today (India)]
Via Acquire Media NewsEdge) CONSUMERS in the National Capital Region will no longer have to carry cash to buy milk and other dairy products from Mother Dairy booths; they can instead use a smart card to shop.
Tue Sep 02, 2014
Credit growth likely to be 14-15% in FY15: Sbi MD
State Bank of India expects the credit growth for the full year in 2014-15 to be 14-15 per cent, not very different from the previous year.
Mon Sep 01, 2014
United Bank of India declares Vijay Mallya as wilful defaulter
"We have declared Vijay Mallya and three other directors of Kingfisher Airlines as wilful defaulters," United Bank of India Executive Director Deepak Narang told PTI.
Sun Aug 31, 2014
Slippages to decline
We believe that State Bank of India is among India's top beneficiaries of an emerging macro recovery, where indicators are turning positive.
Delhi: Youth arrested for cheating persons at ATMs
A 29-year-old youth has been arrested for allegedly cheating innocent persons at the ATMs in Delhi.
Sat Aug 30, 2014
TN: SBI Opens 1.5 Lakh Accounts Under Jan Dhan Yojna
The country's largest public sector bank State Bank of India has opened over 1.50 lakh accounts under the Prime Minister's Jan Dhan Yojana scheme in Tamil Nadu and Puducherry.
Fri Aug 29, 2014
Bankers flee Northeast over levy threat
The threat from extremists and frequent abductions for ransom in the past few months has driven them to the edge.
Thu Aug 28, 2014
The Indian Express
Jan Dhan: Banks surpass targets on Day 1
State Bank of India said it has already opened 20 lakh basic savings accounts since August 16 and the top management is on the field supervising the account opening process.
Mother Dairy launches 'SBI-Mother Dairy SmartChange Card'
MUMBAI: Mother Dairy Fruit & Vegetable has strategically tied-up with State Bank of India to launch 'SBI - Mother Dairy SmartChange Card' for Mother Dairy Milk Booths in Delhi & NCR.
Tue Aug 26, 2014
SBI cuts home loan rates, others may follow suit
Summary Home loans of above Rs 75 lakh from State Bank of India would be now cheaper as the lender on Tuesday decided to offer uniform interest rates irrespective of the loan amount.
The Times of India
SBI cuts rates on high value home loans
With the industry now clocking one-third of its incremental revenue from data services, operators have been urging the govt to sell more 3G airwaves.