Page 2 - State Bank Of India Yono

Govt banks step up efforts to bridge linguistic chasm with customers

State-owned banks are prioritizing local language skills in their hiring to improve customer service and reduce language barriers, with Bank of Baroda and SBI leading the way

SBI at 70: A legacy institution that mirrors India's economic rise

Who says the elephant can't dance? The theme that runs through the bank's 70-year life is its willingness to change in sync with time

SBI likely to kick off debt fundraising by August via tier II bond issue

SBI has not tapped the bond market in the first half of 2025 and shelved a plan to issue infrastructure bonds in March due to elevated yields

SBI clerk mains results 2025 out on sbi.co.in; here's how to check

SBI clerk mains results 2025 are out at sbi.co.in. The recruitment drive aims to fill a total of 13,735 Junior Associate vacancies in the State Bank of India

SBI to shed ₹1.5K cr exposure to power equipment maker Regen Power

SBI to offload ₹1,550-crore stressed loan exposure in Regen Power to clean up its books; auction reserve price set at ₹240 crore

SMBC to have two nominees on Yes Bank board: MD & CEO Prashant Kumar

Prashant Kumar tells why SMBC has become a strategic investor and the advantages arising from this for Yes Bank

State Bank of India, Kotak Mahindra Bank shares fall on soft earnings

Shares of SBI closed at Rs 790 on the BSE while Kotak Mahindra Bank's shares closed at Rs 2,085.05

SBI cuts lending rates by 25 bps after RBI's move; loans to get cheaper

The country's largest lender State Bank of India (SBI) has reduced its lending rate by 25 basis points following the Reserve Bank's policy rate cut, making loans cheaper for both existing and new borrowers.. With the latest round of reduction, the Repo Linked Lending Rate (RLLR) of SBI would come down by 25 basis points to 8.25 per cent. It has also reduced the External Benchmark Based Lending Rate (EBLR) by similar basis points to 8.65 per cent. The revised rates come into effect from April 15, 2025, according to updated rate information on SBI's website. The rate reduction is in response to last week's RBI slashing key interest rate by 25 basis points for the second time in a row to support growth facing the threat of reciprocal tariffs by the US. Besides, the bank also cut deposit rates by 10-25 basis points, which will again be effective from April 15. With the revision, for fixed deposits up to Rs 3 crore, the interest rate on 1-2 year term deposits will be lower by 10 basis

State Bank of India withdraws special fixed deposit scheme Amrit Kalash

Other banks, including HDFC Bank and Yes Bank, have also trimmed interest rates on fixed deposits for select tenures

SBI Clerk Prelims result 2025 to be released soon at sbi.co.in; know more

SBI Clerk Prelims Results 2025 will be released soon at sbi.co.in. Candidates can access the direct link to download SBI Clerk JA results, cutoff marks, and other details

State Bank of India shelves $1.7 billion fund raising as yields elevated

The bank had planned to raise as much as Rs 15,000 crore (about $1.7 billion) through sale of bonds before the end of March, but will now tap the market in the next financial year

US reciprocal tariff may impact India exports only by 3-3.5%: SBI Research

US President Donald Trump last week announced his plans to impose country-specific reciprocal tariffs to address "unfair and unbalanced" aspects of bilateral trade

SBI sees sector's personal loan woes easing on tighter credit rules

Private banks and non-bank lenders have grown their personal loan books aggressively but reported an increase in bad loans in the six months through December

Yono-UPI integration to give more reach for Singapore transactions to India

State Bank of India Singapore on Wednesday said the planned YONO-UPI integration through PayNow will provide a bigger reach for India-bound transactions from Singapore. The SBI YONO-UPI-PayNow linkage comes amidst the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announcing a plan to launch two new payments solutions in the middle of this year to support the transition to e-payments for both corporate and retail cheque users. "For future enhancements, SBI Singapore is looking at having linkage to the UPI, a Government of India initiative system that powers multiple bank accounts through a single interface," SBI Singapore CEO M P Siva told PTI on Wednesday. "The planned YONO-UPI integration through PayNow will provide a bigger reach for India-bound transactions from Singapore, he said. Siva further noted that Singapore is one of the most important markets and we would like to be amongst the best in offering services, given the wide range of ..

India Inc's investments rise 39% to Rs 32 trn in nine months: SBI Report

Government investment reached 4.1 per cent of GDP in FY23, the highest since FY12, while private sector investment as a share of GDP climbed to 11.9 per cent

SBI Life Insurance Q3 results: Net profit rises 71% to Rs 551 crore

The insurer's VNB margin, a measure of profitability for life insurance companies, remained at 26.9 per cent in Q3 FY25

Impact of Trump's presidency to be short-lived on Indian rupee: SBI

Historical analysis of US presidencies, dating back to the Nixon era, reveals that the rupee tends to perform more stably during Republican administrations compared to Democratic ones

SBI chief pitches for institution to track funds raised by small businesses

State Bank of India chairman CS Setty on Friday pitched for the creation of a market infrastructure institution to track the end-use of funds borrowed or raised as equity by small businesses. A "viable mechanism" is needed to ensure that the funds are used for the intended purposes, Setty said in remarks which come amid heightened concerns on the subject of end-use of funds. "We will require a viable mechanism to track the actual use of these funds to ensure that the funds are utilised for the purposes they have been raised for, probably through the establishment of a separate market infrastructure institution with powers to track the use of borrowed funds or the funds raised through equities," Setty said. Addressing a conference organised by the Sebi-promoted NISM here, Setty said the creation of such a platform will provide comfort to lenders as well as investors, and make pricing more competitive. It can be noted that the RBI has been pressing lenders to monitor end-use funds, .

The Great Indian Poverty Debate: Fresh estimates ignite new discussions

The decline in poverty at the national level, by 17.2 percentage points, however, would be considered very sharp during the period from 2011-12 to 2023-24

CS Setty, Uday Kotak nominated as governing council members of NIIFTL

Finance minister Nirmala Sitharaman is the chairperson of the six member council and secretaries of department of economic affairs and financial services are the other members