SBI Interest Rates

Bank has invited expressions of interest from entities interested in submitting counter bids for the asset on full cash basis

In rupee terms, SBI's gross advances in its international book grew by 11.56 per cent year-on-year (Y-o-Y) to Rs 5.88 trillion

SBI Chairman C S Setty discusses deposit mobilisation, challenges, and value addition at the Business Standard BFSI Insight Summit

The lender will focus on accounts under a government scheme called 'Jan Dhan', or people's wealth, that provides access to various financial services to low income groups, Tewari said

RBI's MPC has sounded caution on sticky food inflation, Goldman Sachs says, owing to supply-side disruptions due to the ongoing hot weather conditions in many parts of India

Effective from May 15, 2024, the new SBI FD rates aim to attract more investors looking for safe and lucrative savings options

According to the SBI website, only the overnight rate has remained unchanged. As of December 15, the MCLR for the one-year tenure has been raised to 8.65 per cent, up from 8.55 per cent

The interest rates on savings accounts of Fincare Small Finance Bank range from 3.51 per cent to 7.50 per cent

A number of special fixed deposit schemes offering up to eight per cent return from leading banks are also set to expire next month.

RBI says growth-driving sector exempted from tighter norms

100 per cent of the on-road price, flexible EMIs, no guarantor requirement and quick processing are some of the offers lenders have unveiled this Diwali to attract new car owners

On creating a new position as an assistant general manager (deposit) for every branch, Dinesh Khara said that the Indian economy is evolving, and in order to grow, we need to generate more income

SBI first revealed its intentions to take the mutual fund subsidiary public on December 15, 2021, with the aim of raising $1 billion

SBI General Insurance, the unlisted arm of State Bank, on Friday said its net income surged 40 per cent year-on-year to Rs 184 crore in FY23 on a gross written premium income of Rs 10,888 crore. The company said it could sustain the strong growth momentum through the year, as visible from the 40 per cent jump in net profit and 17.6 per cent growth in gross premium over the 12 trailing months. It said the year also saw its market share rise to 4.21 per cent with over 22 crore customers. The solvency ratio stood at 1.72x, marginally higher than the regulatory mandate of 1.5x, the company said. The privately held arm of the nation's largest bank did not offer a detailed financial statement, such as investment gains/loss, the combined ratio, which is the key profitability metric for a general insurer, investment details and other numbers. The managing director and chief executive Kishore Kumar Poludasu said the year saw the company achieve the milestone of being one of the early compa

The revised rates on domestic term deposits, including bulk deposits, are effective from today

The lender's net interest income improved 12.83 per cent YoY to Rs 35,183 crore for Q2FY23, against Rs 31,184 crore last year

CASA occupies a 45% share in overall bank deposits; it is FDs, which make the remaining 55%, which will need the rate adjustment

Balances of Rs 10 cr and above to earn 3% rate of interest Oct 15 onwards; 2.7% rate unchanged on deposits below Rs 10 cr

The deposits will attract an interest rate of 3%, effective Oct 15. Balances up to Rs 10 cr to earn 2.7% interest

The country's largest lender, State Bank of India (SBI), raised the Benchmark Prime Lending Rate (BPLR) by 70 basis points (or 0.7 per cent) to 13.45 per cent on Wednesday. The announcement would make loan repayment linked to BPLR costlier. The current BPLR rate is 12.75 per cent. It was revised last in June. "Benchmark Prime Lending Rate (BPLR) revised as 13.45 per cent per annum with effect from September 15, 2022," the SBI posted on its website. The bank has also raised the base rate by similar basis points to 8.7 per cent, effective Thursday. The EMI amount for the borrowers who have taken loans at the base rate would go up. These are the old benchmarks on which banks used to disburse loans. Now most of the banks provide loans on the External Benchmark Based Lending Rate (EBLR) or the Repo-Linked Lending Rate (RLLR). The bank revises both the BPLR and the base rate on a quarterly basis. The lending rate revision by the SBI is likely to be followed by other banks in the days t