Page 2 - State Bank Of India Yono

No concerns on asset quality front in foreseeable future, says SBI chairman

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 launches 'Mobile Handheld Device' for convenience to customers

SBI Director Dinesh Khara revealed the "mobile handheld device", which is aimed at providing essential banking services to the consumers and promoting financial inclusion among the masses

NRIs can now open new bank accounts using SBI YONO app; Here's how

The service has been designed for the "new to bank" (NTB) customers and aims to smoothen the process of account opening at SBI for NRIs

Yono app fetches Rs 100 crore in fee income every quarter: SBI Chairman

Yono, the mobile app of the State Bank of India, fetches Rs 100 crore in fee income every quarter by selling products from the parent's subsidiaries, and the digital loan book will be close to Rs 30,000 crore this fiscal, according to a top official. The nation's largest lender, which is into the 217th year of operations, launched the app in 2014. Since then, it has gone on to become such a runaway success that as much as 85 per cent of banking transactions are done through Yono, State Bank of India (SBI) Chairman Dinesh Kumar Khara said on Tuesday. He was speaking at a session at the fifth global fintech summit here. "I am happy to share that Yono gets us Rs 100 crore in fee income every quarter by selling the just commoditised products from our subsidiaries such as the life and general insurance arms, mutual fund and others," Khara said. According to him, when it comes to lending, especially pre-approved personal loans, during the past two fiscals, it has sold as much as Rs 21,0

SBI Apprentice Recruitment 2023: All you need to know about 6160 posts

In accordance with the Apprentice Act of 1961, the State Bank of India (SBI) has issued a recruitment notice inviting candidates to apply for engagement as apprentices

SBI, other PSBs to fund Adani's Rs 34,000 cr PVC project in Mundra

Mundra Petrochem, an arm of Adani Enterprise has set its eyes on installing the plant with an annual capacity of one million tonnes in the first phase at a total cost of $2.5 million

State Bank of India completes first commercial trade in Sri Lankan rupees

The move comes as Sri Lanka grapples with its worst economic crisis since its independence, triggered by a shortage of dollars

Exposure to Adani group well below limit, says State Bank of India

Lender says all exposures secured by cash generating assets, and debt service will not be a challenge

ECLGS scheme stopped Rs 2 trn MSME loans from turning bad: SBI report

Launched by govt during pandemic, it also helped save 16.5 million jobs

State Bank of India hikes term deposit rates by 15-100 basis points

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

Vi in talks with SBI for loan of Rs 15K-16K crore for capex needs: Report

The talks have reportedly been going on for over a month now and SBI is waiting to get clarity on the govt's potential shareholding in Vi

State Bank of India sees 14%-15% corporate credit growth in FY23: executive

'Sectors seeing a pickup range from telecom and power to roads, ports and airports, while lending to non-bank finance companies has also picked up strongly'

After KFW deal, SBI now in talks with EIB for Euro 200 mn green funding

Last week the lender tied up its second Euro 150 million funding with German govt-owned KFW as part of solar partnership with India

Credit risk not being fairly priced in by banks, says SBI report

Credit demand at decadal highs and liquidity remains significantly downsized, says research

Cash to cloud: Meet Arundhati Bhattacharya, CEO of Salesforce India

Former SBI chief, Bhattacharya talks to Pavan Lall about her transformation to leading a software firm, work-life balance and why genius often borders on insanity

RBI's e-rupee pilot takes off; Day 1 bond trade deals hit Rs 275 crore

SBI, BoB hammer out first gilt deal using digital rupee; 48 transactions carried out

Caller threatens to blow up SBI office in Mumbai; police initiate probe

A call threatening to blow up the State Bank of India office in Mumbai's Nariman Point and kill the bank chairman was received at the branch, police said

Rupee's depreciation due to strengthening of dollar index: SBI chairman

The Indian rupee has weakened essentially due to the strengthening of the dollar index but it is holding well as compared to currencies of other emerging market economies, State Bank of India Chairman Dinesh Khara said. Depreciation of the rupee is a cause of concern, especially for a country which has significant imports, Khara told PTI in an interview on the sidelines of the annual meeting of the International Monetary Fund and the World Bank here on Friday. The rupee closed at 82.19 against the US dollar on Friday amid a firm greenback overseas and sliding crude oil prices. At the interbank foreign exchange market, the local currency opened at 82.26 and witnessed a high of 82.12 and a low of 82.43 before settling at 82.19. The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.56 per cent to 112.99. The Indian rupee is doing pretty well, Khara said. "Better than us was only Indonesia, which is generally a commodity economy and Br

SBI lines up NPAs over Rs 746 cr including Sintex BAPL for sale in Oct-Nov

The State Bank of India (SBI) has lined up various non-performing assets up for sale this month and the next, including the fraud account of Sintex BAPL, to recover over Rs 746 crore. In an auction scheduled for November 4, SBI will put up NPAs for sale to asset reconstruction companies (ARCs)/ financial institutions (FIs), banks or Non-Banking Financial Companies (NBFCs). The auction of NPAs will include accounts of Sintex BAPL with an outstanding of Rs 197.74 crore; Surat Hazira NH6 Tollway Pvt Ltd of exposure of Rs 335.54 crore and Shreebhav Polyweaves Pvt Ltd (Rs 20.20 crore). In case of Sintex BAPL, SBI said only ARCs are eligible in the e-auction as it is a fraud account. The outstanding of Rs 197.74 crore against the company includes bank guarantee of Rs 6.10 crore. The company's business is manufacturing injection moulded plastic components for the automotive industry. SBI said the proposed acquisition of these assets should not be funded and backed by ...

SBI raises Rs 4,000 crore via tier-2 bonds at cutoff rate of 7.57%

Lender claims overwhelming response from investors, with bids of Rs 9,647 crore; issue oversubscribed 5x against base size of Rs 2,000 crore