Page 92 - Sbi

State Bank of India to raise dollar funds through maiden green bonds

Green bonds are regular bonds, the proceeds of which are used to fund sustainable green projects

Arijit Basu takes charge as Managing Director of State Bank of India

State Bank of India (SBI) on Monday announced appointment of Arijit Basu as the Managing Director.A graduate in Economics and a Master of Arts in History, Basu will handle the areas of Commercial Credit and IT and will also hold additional charge of Stressed Assets Resolution Group.Prior to this role, Basu was designated as Deputy Managing Director (DMD) in the bank.With 35 years of experience, Basu served SBI Life Insurance Company as its MD and CEO from August 2014 to March 2018.During his tenure, the company successfully listed on the Stock Exchanges in October, 2017.He held several key assignments in SBI which includes Chief General Manager of Delhi Circle and Regional Head & CEO of Japan Operations at Tokyo.Basu worked in various verticals of the Bank including Corporate Banking, International Banking, Retail Banking and HR and was also part of Business Process Reengineering (BPR) initiative undertaken by the Bank.

SBI set to rope in strategic advisor, to focus on capital conservation

As a step to attain scale and gain efficiencies, the bank merged five associates banks and Bharatiya Mahila Bank (BMB) with itself in 2017-18

SBI denies commissions on digital transactions to payment firms

SBI informed its payment partners that it is not going to share any fee with them if the transaction going through its payment gateway is of less than Rs 1,000 and originated from a non-SBI debit card

SBI expects mobile banking transactions to grow to 33.6 billion in FY19

Only 20 per cent of the banking transactions are happening in the branches

SBI hits over three-month high; stock up 15% post Q4 results

The stock was up 25 to Rs 281, trading at its highest level since February 16, 2018.

State Bank of India raises term deposit rates by 25 bps

Those with a tenor of two to less than three years have been raised by five bps to 6.65%

SBI to sell stake in SBI Gen, SBI Card and SBI Capital soon: Rajnish Kumar

Kumar said the bank is looking to bring in a partner for SBI Capital Markets (SBI Caps)

PSU banks gain post SBI Q4 results; Nifty PSU Bank index surges 5%

SBI has moved higher by 6% to Rs 260, bouncing back 8% from early morning low of Rs 241 on the NSE

Merger with associate banks led to higher account closure this year: SBI

SBI on March 13 had substantially reduced charges for non-maintenance of average monthly balance (AMB) in savings accounts, which would benefit 250 million bank customers

SBI posts Rs 24.16 billion quarterly loss for first time in nearly 19 years

Loss mainly due to RBI-mandated reclassification of corporate loans

Financial bidding for resolution of 12 big NPA accounts by month-end: SBI

SBI is the lead banker in 6 out of 12 large NPAs with a total outstanding loan of Rs 1.75 trillion

Professional at workplace: Etiquette tips for SBI 'brand ambassadors'

Know SBI's 'social etiquette tips'

Consumer Forum rejects complaints against SBI

The four claimed that the bank erred as it had not intimated them before debiting money from their account

SBI hikes rates on bulk deposits by 100 bps

For short-term deposits (46-179 days), it will offer 4.85%; for those of a year to 10 years, the new rate is 5.25%

SBI raises interest rates on bulk deposits by 100 bps from Nov 30

The lender also raised interest by 100 bps on bulk deposits above Rs 10 cr

SBI's slippages ease, but no comfort yet

While slippage ratio was down to 1.85%, operational growth was muted in Q2

Good news! SBI cuts lending rates on home and vehicle loans by 5 bps

For car loan customers, the loan amount ranges from 8.70 per cent per annum to 9.20 per cent per annum compared to earlier range of 8.75 per cent to 9.25 per cent.

SBI's Rajnish Kumar puts bad debt under microscope but also eyes growth

India's state-run banks have been battered by soured loans

SBI to sell NPAs of over Rs 3,550 cr to ARCs, finance companies

The top accounts include Jai Balaji Industries (Rs 873 crore), MSP Metalics (Rs 554 crore) and Shiva Textfab Ltd (Rs 531 crore)