Page 6 - State Bank Of India Yono

SBI to scale up gold loan business, start premium banking services

SBI agriculture cold loan portfolio increased to Rs 73,601 crore in FY22 from Rs 66,878 crore in FY2021 and personal segment, the gold loans book expanded by 9.89 per cent YoY to Rs 23,063 crore

Govt dept to collaborate with SBI to create integrated pension portal

The Centre's Department of Pension & Pensioners' Welfare (DoPPW) will collaborate with the State Bank of India (SBI) to create an integrated pension portal to enhance ease of living of pensioners, according to an official statement on Tuesday. Sessions on pension policy reforms and digitisation regarding the disbursement of pensions to central government pensioners were organised with the objective of updating SBI field functionaries during the two-day bankers' awareness programme in Udaipur, Rajasthan. Special sessions were organised on income tax matters related to pensioners as well as digital means of submitting annual life certificates, said the statement by the Ministry of Personnel, Public Grievances and Pensions. It was decided that immediate efforts are needed for the creation of an integrated pension portal by linking the existing portals of the DoPPW and the SBI to provide seamless services to pensioners, it said. Face authentication technology for digital life ...

Indian PSBs plan to exit Hong Kong as strict regulations, Covid woes pinch

State Bank of India (SBI) will likely be the only PSB in Hong Kong, alongside private sector banks ICICI and HDFC

Retired SBI senior executive Natarajan Sundar joins NARCL as MD CEO

Karnam Sekar, Malvika Sinha named independent directors; NARCL Board now has 5 nominees from shareholder banks, one more independent director likely to join soon

SBI posts record quarterly profit of Rs 9,114 cr, misses Street estimates

The bank's profit growth was mainly due to improvement in its net interest margins and a sharp decline in loan loss provisions

State Bank of India to raise $2 billion through overseas bonds in FY23

The executive committee of the Bank's central board will meet on May 10 to examine the status and decide on long term fund raising in single/multiple tranches, the bank informed BSE

Micro details of Indian banks' macro story

So far, the story reads well. We'll need to wait a couple of years to see how many restructured loans turn bad and whether some banks fall victim to their obsession for growth

LIVE: Nearly 5,000 people killed in siege of Ukraine's Mariupol, says mayor

A spokesperson for the city mayor said about 90% of buildings in Mariupol had been damaged and about 40% had been destroyed

Sanctions on Russia an opportunity to internationalise rupee: SBI report

'Moment of reckoning' for Indian currency as countries look to circumvent West's crackdown on Moscow, says research.

SBI to revamp banking app YONO, position it as complete digital bank

YONO has three facets, namely DB for seamless and intuitive banking services

Rate cycle turns as commercial banks hike fixed deposit rates

Commercial banks in India have revised their deposit rates upward by 5-15 bps in an indication that the interest rate cycle has turned amid uptick in loan demand

Digital banking push turned into pull factor: Former SBI Chairman

Digitisation of banking services in India, which started as a "push", has now turned into a "pull" factor, State Bank of India's ex-Chairman Rajnish Kumar said

RBI imposes monetary penalty of Rs 1 crore on State Bank of India

The Reserve Bank of India (RBI) by an order dated November 16 has imposed a monetary penalty of Rs 1 crore on the State Bank of India

SBI rebounds 5% from low post Q1 results; market-cap crosses Rs 4-trillion

The bank said slippages sttod at Rs 15,666 crore (2.47 per cent) in the June 2021 quarter, of which a significant amount has already been pulled back in July 2021

Kingfisher stake sale, fewer provisions to drive SBI's Q1 profit: Analysts

Prabhudas Lilladher builds-in recovery from Kingfisher loans at Rs 20 crore

SBI to raise up to Rs 14,000 cr via AT1 bonds to boost capital adequacy

Being a systemically important financial institution, the bank has to maintain a higher level of CAR than its peers

SBI Payments to launch YONO Merchant app for low-cost payments

SBI Payments is a subsidiary of India's largest lender State Bank of India

SBI chairman Rajnish Kumar's YONO app target isn't overblown: Experts

Globally, payment solution providers such as Visa, MasterCard and PayPal are displacing traditional banks in the pecking order

SBI rolls out slew of offers for retail customers ahead of festive season

Offers include 100 per cent waiver of processing fee for all customers applying for car, gold, and personal loans through Yono

SBI to turn YONO platform into financial services platform: Rajnish Kumar

The subsidiary will get its revenues streams by providing services to financial sector players, says lender