Page 2 - State Bank Of India

SBI board to consider raising up to $1.5 bn by issuing bonds this fiscal

SBI said the capital is proposed to be raised through public and/or private placement of senior unsecured notes in US dollar or any other convertible currency during 2020-21

GDP: Growth vs levels

India's GDP is unlikely to recover to its 2019-20 level until the second half of 2021-22

After deposit rate cuts in May, SBI now slashes lending rates by 25-75 bps

Move will have to be matched by other lenders at a time when margins are under pressure due to extended loan moratorium and a ruling due on whether they can charge interest on the moratorium after all

Sensex gains 307 pts as financials, metals rally; Nifty PSU Bank jumps 7%

All that happened in the markets today

State Bank of India plans to raise up to $1.5 bn via overseas bonds in FY21

The lemder raise funds from global markets on a regular basis for lending operations and to repay financial instruments maturing during the year

RBI stops 7.75% bond: Here're some fixed-income options for senior citizens

PMVVY, SCSS, PPF and Bharat Bond are instruments senior citizens can turn to

SBI creates separate business vertical to drive MSME, agri finance

Under FI&MM, the bank will offer loans predominantly for agriculture & allied activities, and micro/small enterprises and vastly improve customer experience for the citizens in the hinterland

SBI reduces savings deposit rates by 5 bps, ICICI Bank by 25 bps

SBI has reduced its savings deposit interest rates to 2.70 per cent across all slabs from May 31, according to its website

Despite lockdown, SBI Card reports daily spends at over Rs 175 cr in May

Top online categories were departmental stores and groceries (D&G), utilities and services, while top point of sale categories were D&G, fuel, electronics, health and wellness

SBI creates separate business vertical for financial inclusion, agri biz

8,000 semi-urban, rural branches to work under the Financial Inclusion and Micro-Markets vertical vertical

Market Ahead, June. 1: Top factors that could guide markets this week

SGX Nifty, which is up 130 points, is indicating a stronger opening for the Indian indices today

Rs 411-crore fraud: SBI approaches CBI as three loan defaulters flee India

Besides SBI, other members of the consortium that has been cheated are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank

SBI cuts lending rate by 15 bps, launches scheme for senior citizens

The State Bank of India (SBI) has introduced a special deposit scheme for senior citizens with a higher interest rate

We help banks stay on the grid: Sarvatra Technologies' Mandar Agashe

Fifty-five per cent of the banks are on our platform. Even Google Pay and Truecaller Pay are on it. As for competition, you have C-Edge, and Infrasoft, says Agashe

Financing business revival without pain

Here is the design of an impactful, fiscally responsible programme that removes the bottlenecks in credit decision-making

Market Ahead, May 6: Top Factors That Could Guide Markets Today

Today, a total of six companies, including YES Bank and Kansai Nerolac Paints, are set to declare their quarterly numbers

Indices slump 7% in two days amid concerns over health of economy

After dropping 6% a day earlier, the markets attempted to rebound with the Sensex gaining as much as 550 points intra-day amid gains in the global markets

State Bank of India completes promotion exercise, elevates 14 to Dy MD

Given the extended lockdown, the bank extensively used its digital platform, including video conferencing, to carry out the performance review and promotion exercise

Cyber insurance is a necessity as reliance on online medium increases

Cyber insurance can protect you against online frauds

Covid-19: Shoring up states financial muscle in times of a crisis

According to the RBI's indicative calendar for borrowing by the states in the April-June quarter, they are expected to borrow Rs 1.27 trillion