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State Bank of India News

News on State Bank of India (Ticker: 500112) continually updated from thousands of sources around the net.

2 hrs ago | Nerve News

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.

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Related Topix: Financial Services, Banking

Tue Sep 16, 2014

DNA India

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.

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Related Topix: Steel, Corus Group, Financial Services, Banking

Express India

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.

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Related Topix: Financial Services, Banking

Mon Sep 15, 2014

Express India

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.

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Related Topix: Agriculture, Science, Banking, Financial Services

Rediff.com

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.

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Related Topix: Financial Services, ICICI Bank, HDFC Bank, Banking

Thu Sep 11, 2014

The Telegraph

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.

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Related Topix: Banking, Financial Services

Wed Sep 10, 2014

Bloomberg

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.

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Related Topix: Banking, Financial Services, World News, India, Agriculture, Science,

Hindustan Times

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.

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Related Topix: Financial Services, Banking

Wed Sep 03, 2014

Reuters

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.

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Related Topix: Financial Services, Banking

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.

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Related Topix: Financial Services, Banking

Tue Sep 02, 2014

Sify

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.

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Related Topix: Financial Services, Banking

Mon Sep 01, 2014

Rediff.com

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.

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Related Topix: Financial Services, Banking

Sun Aug 31, 2014

Express India

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.

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Related Topix: Financial Services, Banking, Financial Markets

DNA India

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.

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Related Topix: Financial Services, Banking

Sat Aug 30, 2014

Outlook

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.

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Related Topix: Financial Services, Banking, India, World News

Fri Aug 29, 2014

The Telegraph

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.

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Related Topix: Financial Services, Banking

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.

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Related Topix: Financial Services, Banking

Indian Television

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.

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Related Topix: Financial Services, Banking

Tue Aug 26, 2014

Express India

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.

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Related Topix: Financial Services, Banking

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.

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Related Topix: Financial Services, Banking

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