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No hike in interest rates on cards: SBI chief25-SEP-09
State Bank of India (SBI) Chairman O P Bhatt said today no increase in interest rates is expected in the near future, allaying apprehensions on the return of the tight money policy.
Earnings growth in Q2 likely to be 30-35%: SBI Chief08-SEP-09
The country's largest bank State Bank of India (SBI) expects its earnings growth in the second quarter of this fiscal (FY10) to be around 30-35 per cent, the bank Chairman O P Bhatt said.
India needs 5 banks of the size of SBI: Bhatt25-AUG-09
Pitching for a consolidation in the banking industry, State Bank of India (SBI) Chairman O P Bhatt said today the country needs at least five banks of the size of SBI to service the growing needs of the Indian economy.
SBI plans to hire 11,000 people this fiscal20-AUG-09
State Bank of India (SBI), which is opening 1,000 branches a year and is continuing to expand its operations, plans to hire 11,000 people in the current fiscal.
Interest rates to go up, says ICICI Bank chief20-AUG-09
The country's largest private sector lender ICICI Bank today said lending rates will start going up any time now, quite contrary to the SBI Chairman's projection that borrowers can breathe easy till Diwali.
SBI may commence general insurance biz by Mar 201011-AUG-09
The country’s largest lender, State Bank of India (SBI), said on Monday it is likely to start its general insurance business by March next year.
Treasury operations push SBI net up 68%31-JUL-09
State Bank of India, the country’s largest lender, today reported a 68.11 per cent rise in its consolidated net profit to Rs 2,758.53 crore during the first quarter of the current financial year, thanks largely to the performance of its treasury.
NEWSALERT: O P Bhatt now President of Institute of Banking and Finance20-JUL-09
SBI Chairman O P Bhatt has been elected as President of the Institute of Banking and Finance.
Interest rates may rise by 100 bps: SBI chief13-JUL-09
State Bank of India (SBI) Chairman O P Bhatt today said interest rates could go up by by 100 basis points if liquidity conditions tighten.
Banks seek six more months for recast of consortium loans08-JUL-09
Commercial banks have sought six more months for restructuring cases (big accounts) with credit lines from a consortium of banks.
SBI banks on SBS success for future M&As03-JUL-09
Gears up to merge State Bank of Indore with itself in the next twelve months.
SBI to merge State Bank of Indore20-JUN-09
Buoyed by the success of the merger of State Bank of Saurashtra with itself, State Bank of India (SBI), the country’s largest bank, on Friday said that it would acquire another subsidiary, State Bank of Indore.
State Bank of Indore recommends merger with SBI19-JUN-09
Paving way for further consolidation of State Bank of India (SBI), State Bank of Indore today proposed merger of the bank with the parent SBI.
Keep more funds for provisioning: RBI19-JUN-09
SBI differs, says already following norms.
SBI to decide on consolidation of associates next month10-JUN-09
After merging State Bank of Saurashtra with itself last year, country's largest lender SBI would now take a call on consolidating the remaining six associate banks next month.
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