The 100-million share offering generated close to 2.7 billion bids
Siddharth Purohit of SMC Global Securities believes that given the stable RoE of 30% valuation, in terms of P/E ratio is likely to come down to 31x and 22x in FY21 and FY22, respectively from 43x.
Old Debit cards of SBI customers will become unusable from January 1. Therefore, customers will have to replace magnetic stripe debit cards with EMV Chip and PIN-based ones by Dec 31, 2019. Watch the video to know how to upgrade SBI cards
SBI Card is a joint venture between State Bank of India and GE Capital
What is so sacrosanct about this magical figure of just Rs 2,000?
The fee kicks in from April 1
Aims to grow share in business to 33% by 2020 from 15% now
Recently, outgoing RBI Governor Raghuram Rajan had also warned public of fraudulent prize winning e-mails in the name of RBI
It already has co-branding with Karur Vysya Bank, Bank of Maharashtra, Oriental Bank of Commerce, among others