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| State Bank of India gains 5.2 per cent | 10-NOV-09 |
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| The stock was the largest gainer among Sensex companies and rose 5.2 per cent to Rs 2,318.55, after the state-run bank entered into an agreement with T Rowe Price under which the bank will sell 6.5 per cent holding each in UTI Asset Management Company and UTI Trustee Company. |
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| SBI cuts deposit rates by 25-50 bps | 06-NOV-09 |
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| With this, deposits with a maturity of 181 days to less than one year will now carry an interest rate of 5.25 per cent against 5.75 per cent earlier, a bank communique to the Bombay Stock Exchange said. |
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| Fitch Assigns 'BBB-' to State Bank of India's Senior Bonds | 21-OCT-09 |
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| Fitch Ratings has today assigned a 'BBB-'rating to State Bank of India's senior unsecured USD bonds to be issued under the bank's USD5bn Medium-Term Note programme. The size and pricing of the issue is expected to be finalised today. |
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| Naxalites attack Bengal police station the Jharkhand way, kill one | 21-OCT-09 |
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| In a broad daylight attack, armed Naxalites struck at a police station in West Midnapore district and killed one police officer and kidnapped two others before they went back to the jungle bordering Orissa. The Naxalites looted guns from the police station and cash from a nearby bank. Immediately after that, Koteswar Rao alias Kishenji, a top Naxalite leader, owned up the act and claimed that it was done to retaliate the joint police operation in the three states (Chhattisgarh, Orissa and Jharkhand) and the ongoing operation in West Bengal which started in June and still continuing. |
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| Top 10 cos add Rs 55,000 cr in m-cap last week | 18-OCT-09 |
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| It was possibly the Reliance effect that fired up stock markets last week, helping the top 10 listed companies post a net gain of Rs 55,000 crore, with more than a third of the addition coming from banking leader State Bank of India (SBI). |
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| India Inc created fewer jobs in 2008-09 | 03-OCT-09 |
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| The banking sector, State Bank of India in particular, has come to the rescue, while software service companies are employing less numbers compared to the previous year. |
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| No hike in interest rates on cards: SBI chief | 25-SEP-09 |
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| 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. |
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| Electronic benefit transfer for NREGA payments | 23-SEP-09 |
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| With an aim to achieve financial inclusion and provide door step banking to the rural people, the Orissa government today signed a memorandum of understanding (MoU) with the public sector State Bank of India (SBI) for implementing the electronic benefit transfer (EBT) scheme for National Rural Employment Guarantee Act (NREGA) beneficiaries. |
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| Analysts' corner | 14-SEP-09 |
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| The broking house believes that one of State Bank of India’s (SBI) biggest advantages is the high interest spread on its bond portfolio. The incremental cost of funds for SBI has fallen by almost 210 bps over the past nine months, whereas the incremental yield on its government-bond portfolio has remained more or less the same. |
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