Page 12 - State Bank Of India Sbi

Repo rate to be external benchmark for floating rate loans from Oct 1: SBI

The bank has also extended the external benchmark-based lending to medium enterprises, to boost lending to the MSME sector as a whole

SBI may soon roll out co-lending model NBFCs in line with RBI guidelines

Once the present hurdles relating to the integration of technology with the non-banking finance companies are removed, the model of co-lending will be launched

SBI will move RBI to offer fixed-floating rate home-loans: Chairman

Rajnish Kumar said the central bank's recent guidelines on floating rate products for the retail segment has necessitated the need for the clarity

SBI drops IPO plans for general insurance arm; card JV to hit market in Q4

Investor interest for its cards business is very high, and SBI Card listing will happen in the March quarter

Top events today: Apple launch event, Jack Ma hangs his boots, and more

Apple fans will be able to watch the unveiling of the awaited iPhone 11 lineup on YouTube this year

Bank merger will slow down loan growth, rivals likely to benefit: Analysts

Futures contracts on India's Nifty 50 Index dropped 1% in Singapore on Monday

Caught between the devil & the deep blue sea

Why banks continued to give money to Kingfisher Airlines is still shrouded in mystery; too many questions remain unanswered

State Bank of India cuts interest rates on fixed deposits up to 0.5%

In view of the falling interest rate scenario and surplus liquidity, SBI realigns its interest rate on Term Deposits with effect from August 26, 2019, SBI said in a statement

Banks want longer repayment tenure for Kisan Credit Card loans

There were also deliberations on allowing farmers to take fresh loans even if they fail to repay exsiting ones, as long as they service the interest

Maruti Suzuki seeks better lending terms for dealers amid liquidity crunch

As sales falter, banks tighten lending norms for auto dealers

Oriental Bank links loan to repo rate; SBI announces festive offers

For customers applying for a car loan online through the bank's digital platform like YONO or website, a 25-basis point concession on interest rate can be availed

Link bulk deposits to repo for better transmission of interest rates: SBI

Reserve Bank of India Governor Shaktikanta Das has stressed the need for the entire banking system to link their loans and deposits pricing to the repo rate prescribed by the central bank

SBI extends credit period to 75-day for auto dealers facing slack in demand

To help the auto sector tide over stress, the country's largest lender State Bank of India (SBI) has extended the credit period of automobile dealers that are facing demand slowdown and inventory build up. "We are actively engaging with the auto dealers and in case of hardship faced by them the bank is extending credit repayment period on the case to case basis," SBI managing director (retail & digital banking) told reporters here on Sunday. Normally the credit period is of 60 days but the bank has extended the same to 75 days in some cases or 90 days in others, he added. As a bank, we can only focus on the financing side. Our main focus is make available funds at cheaper cost for those retail customers keen on buying cars. We also fund the dealers when they buy cars from the manufacturer. However, for the aspect of revival of demand, only government can step in," he said. Gupta further said there has been a slight downturn in auto loans from the bank in recent months due to ...

150,000 bankers to discuss how to make India $5-trillion economy by 2024

To contain high bad loans in the MUDRA scheme, the managers suggested that a national portal be floated to verify the borrower and whether multiple lending has happened

Public sector banks volunteer to link their lending rates to repo

Bank of India also cut its MCLR by 25 bps, while Bank of Maharashtra and IDBI Bank had lowered their rate by 10-15 bps on Thursday

RBI policy review: SBI cuts loan rates by 15 bps, others likely to follow

SBI reduced its marginal cost of funds-based lending rate from 8.4% to 8.25%

SBI General Insurance aims at Rs 6,000-crore premium income in FY20

The company is bullish on SME and health segments to counter slowdown in auto space

State Bank of India seeks bids for Videocon's overseas oil and gas assets

SBI said it had appointed consultant Deloitte to find buyers for Videocon's exploration assets in Brazil and Indonesia

SBI most hit as eight of top-10 firms lose Rs 90,000 cr in m-cap

In the top-10 list, only Tata Consultancy Services (TCS) and HUL saw gains in their market capitalisation (m-cap) for the week ended Friday

Reviewing exposure to auto dealers; will ensure sector does not suffer: SBI

SBI is one of the biggest credit providers to auto dealers and individuals (auto loans), the bank said in a statement