The term deposit rates will be 20 basis points lower for retail customers, and 50-75 basis points lower for deposits up to 179 days
The SBI has cut deposit rates by 5-75 basis points across tenures. Shorter-tenure deposits have seen a higher quantum of cut than longer deposits
The country's largest lender has also cut deposit rates on bulk deposits of Rs 2 crore and above
The fund has consistently outperformed the benchmark and its peers
During this period, debt and capital markets underwriting fees stood at $135.1 million, up 98.3 per cent
This is one of the highest penalty amounts on any bank in the recent past
As Managing Director and Chief Financial Officer, Kant will be responsible for financial and risk management of the World Bank Group, reporting to the President
Based on consensus estimates and their own analysis, earnings for the Sensex and Nifty indicate a growth of 4% and 6% YoY, respectively at the aggregate level.
The meeting of the bank's central board is scheduled to be held on Monday, July 1, to consider raising capital via Basel-III compliant debt instruments during the financial year 2020.
The SBI will act as the lead bank in the two new districts of Telangana - Mulugu and Narayanpet, and one district in Madhya Pradesh - Niwari
The CLI is signalling that the economic activity for Q1FY19 has picked up substantially, said the SBI Ecowrap report
With the m-cap of Rs 2,229 billion, SBI stands at 11th rank, behind of Kotak Mahindra Bank, which has m-cap of Rs 2,231 billion at 02:18 pm, the BSE data shows.
The stock hit a 52-week low of Rs 240.65, down 3% on the NSE, fallen below its previous low of Rs 241.15 touched on October 26, 2017 in intra-day trade.
Says it is only by the first quarter of next fiscal that growth can witness an uptick