Page 11 - State Bank Of India

After waiving RTGS, NEFT fee, SBI to make IMPS transactions free from Aug 1

Before July 1, SBI used to charge between Re 1 and Rs 5 for transactions through NEFT, and Rs 5-50 for RTGS route

Essar Steel lenders to appeal against NCLAT order on creditors: SBI chief

SBI chairman Rajnish Kumar, whose bank has lent more than Rs 15,000 crore to Essar Steel, said the NCLAT verdict will discourage banks from taking stressed asset cases to the insolvency process

SBI cuts MCLR by five bps to 8.4% across all tenors from July 10

This is the third rate cut announced by the SBI in the current financial year

Seven of top-10 firms add Rs 53,732 cr in m-cap; HDFC biggest gainer

In the ranking of top-10 firms, TCS was placed at the number one position, followed by RIL

Wilful defaults cross $21 billion in 2018-19; SBI accounts for a third

Under Indian law, wilful defaulters are classified as firms or individuals who own large businesses and deliberately avoid repayments

SBI to raise $1 bn in perpetual debt to boost capital ratio, bolster loans

The Mumbai-based lender's board approved a sale of the Basel III-compliant debt instrument in the year to March 31

SBI to decide on interest rate revision this week after central bank cut

SBI charges between Re 1 and Rs 5 for transactions through NEFT and between Rs 5 and Rs 50 for RTGS route.

SBI to ramp up small business lending as private banks, NBFCs grow cautious

Chairman Rajnish Kumar calls for government help for weak shadow banks

State Bank of India to conduct a customer outreach programme next week

Under this initiative, customers can interact with the staff to discuss concerns and share feedback

SBI cuts lending rates by 5 bps across all tenors, home loans to be cheaper

After the RBI's April Monetary Policy, the MCLR was reduced by 5 bps

SBI's new interest rate plan brings more transparency but is more volatile

SBI customers will need to be alert to changes in interest rates of savings account and overdraft facility

Street bullish about SBI's growth despite bank's exposure to Jet Airways

Valuation of 1.1 times its FY20 book offers good potential to investors

State Bank of India cuts MCLR by 5 bps, home loans cheaper by 10 bps

One-year MCLR will be 8.50% per annum (pa). The interest rates on all loans linked to MCLR stand reduced by 5 bps from April 10, 2019, India's largest lender said in statement

Zero roadblocks for buying Jet Airways: SBI chairman Rajnish Kumar

'The meal is ready to be served. A new investor can demand salt and masala to taste'

SBI to auction NPAs worth Rs 2,337.88 crore on March 26

The lender said except Mittal Corp and Shree Vaishnav, the auctions are under the Swiss Challenge method and will be conducted on March 26

Quicker transmission

SBI does a first, opens new window

SBI to link saving deposits, loan pricing to repo rate from May 1

SBI is the first lender to announce a timeline to switch to an external benchmark

State Bank of India fixes glitch that may have exposed customer data

SBI had secured an unprotected server that could have allowed anyone to access information on millions of its customers, including bank balances and recent transactions

State Bank of India Q3 net profit at Rs 3,954 cr; NII rises by 21.42%

Control on slippages and lower overhead expenses boosted bottom line

Hitachi Payment Services agrees to buy 26% in stake in SBI Payment Services

The JV will provide various payment options to customers and merchants