Page 50 - Sbi

PSU Banks defy weak market mood: BoB, SBI, PNB surge up to 5%

At 10:41 AM; Nifty PSU Bank index, the top gainer among sectoral indices, was up 2.5 per cent, as compared to 0.43 per cent decline in the Nifty50 index.

HDFC to fully acquire venture capital arm by buying shares from SBI

The acquisition is expected to be completed within 14 days from the date of execution of the share purchase agreement or by August 12, 2022

Explained: How will India's International Bullion Exchange (IIBX) work

India's International Bullion Exchange (IIBX) will be open for jewellers with a net worth of Rs 25 crore and above to participate

State Bank of India changes ATM withdrawal rules; Check new guidelines here

In a bid to protect the customers against ATM frauds, a withdrawal of or more than Rs 10,000 from the SBI account will now be possible only on entering the OTP in the ATM

Understanding Positive Pay System necessary to encash cheques from August 1

Several banks including BoB and SBI have issued notifications asking customers to register under PPS before August 1 to encash high-value cheques

Amazon Prime Day Sale 2022: Top deals on smartphones, electronic items

Amazon is offering an instant discount of up to10 per cent on purchases made using SBI and ICICI bank cards

Sensex rises 284 pts, Nifty tops 16,600; IndusInd jumps 8%, Bajaj Fin 3%

CLOSING BELL: Among sectors, the Nifty PSB index rose 1.56 per cent, while the Nifty Pharma slipped 0.4 per cent

Adani Group approaches SBI for Rs 14,000 crore loan: Report

The application for the PVC plant comes just days after Adani Group secured a loan worth Rs 6,071 crore for a new copper refinery at Mundra, on June 26

SBI board approves Rs 11,000 cr capital raise via AT1, tier-II bonds

Money to be raised in rupees, dollars or other convertible currency; lender's CAR at 13.83%, with tier-I of 11.42% and Tier-II of 2.41%, March-end

SBI receives board's approval to raise up to Rs 11,000 crore

State Bank of India (SBI) on Wednesday received the board's approval to raise up to Rs 11,000 crore through issuance of bonds.

SBI gains 17% in one month, surpasses LIC to become most valued PSU stock

In the past one month, SBI has rallied 17 per cent, as compared to a 5 per cent gain in the stock price of LIC.

Here's why Vinay Rajani of HDFC Securities is bullish on SBI, PFC

The technical analyst also recommends to hold Nifty longs with a stop at 16,100; on the upside, he expects resistance for the NSE benchmark around 16,520 and 16,794.

SBI has not decided on selling 26% stake in YES Bank, says report

SBI is allowed to reduce the stake in the YES Bank at the end of Financial Year 2022-23 (FY23) but it may not decide about that this financial year due to volatile market conditions

Farmers' average income grew 1.3-1.7x between FY18 and FY22, says SBI study

Adds that farm loan waivers benefitted just 50% of farmers since 2014; MSP has been instrumental in boosting incomes

State Bank of India increases MCLR by 10 bps, second hike since June

The six-month MCLR is at 7.45 per cent; one-year MCLR is at 7.50 per cent; two-year MCLR is at 7.70 per cent; and three-year MCLR is at 7.80 per cent

SBI Contra Fund AUM nearly doubles in last one year to Rs 4,688 cr

SBI Mutual Fund on Thursday said its equity fund -- SBI Contra Fund -- has recorded nearly 100 per cent growth in its asset base to Rs 4,688 crore in last one year. "The scheme AUM (Assets Under Management) stands at Rs 4,687.76 crore as on June 30, 2022 as compared to Rs 2,397.73 crore as on June 30, 2021," SBI Mutual Fund (MF) said in a statement. SBI Contra Fund has significantly outperformed its first-tier benchmark -- S&P BSE 500 TRI -- in the short, medium, and long term. The fund has delivered the highest returns in the category in the 1-year time period(11.55 per cent), 3-year (21.34 per cent), 5-year (12.90 per cent) and since inception in 2005 (18.41 per cent), the statement noted. The scheme has witnessed strong interest from all segments of investors -- retail and High Networth Individuals (HNIs) and is suitable for investors who have advanced knowledge of macro trends and prefer to take selective bets for higher returns. The scheme follows a combination of top-down .

Startup nurture.farm partners with SBI General Insurance, Future Generali

Agri-tech startup nurture.farm on Wednesday announced its partnership with SBI General Insurance and Future Generali India Insurance Company to expand its insurance solutions for 1.9 million farmers

Inflation in India to be about 5% by March 23, reveals SBI report

The State Bank of India (SBI) expects the inflation in India to be about five per cent by March 23

SBI, ICICI Bank up interest rates on certain foreign currency bank deposits

According to SBI's website, the interest rate on US dollar category deposits with maturities up to 2 and 3 years are up by 85 basis points to 2.85 per cent and 3 per cent

Major PSU banks to go live on account aggregator system by July-end

SBI and BoB are expected to go live by the deadline; PNB and Union Bank of India are already live on the ecosystem