Page 9 - State Bank Of India

Indian economy in transition phase, growth will return: SBI chairman

A lot of cleanup has happened in the corporate sector, Kumar said

SBI Q2 preview: Stake sale in SBI Life to aid performance; slippages eyed

The largest public lender reported a net profit of Rs 944.9 crore in the corresponding quarter of the previous fiscal, and Rs 2,312.2 crore in Q1FY20

How opportunistic behaviour can worsen India's $200 bn-plus bad loan crisis

A capital-constrained economy like India can't afford a jungle raj in finance

IAG to sell stake in SBI General Insurance to Premji Invest, Warburg Pincus

SBI and lnsurance Australia Group (IAG) currently own 70 per cent and 26 per cent, respectively, in SBI General Insurance

SBI SCO Recruitment 2019: SBI re-opens application process for 76 SCO posts

SBI has invited online applications from candidates for appointment as specialist cadre officers (SCO) in the state-run bank on a regular basis

Domestic-oriented companies on fund managers' radar, says analyst

Further, fund managers say the markets could continue to remain polarised as growth companies are likely to fetch a premium, especially when the economy is going through a trough

SBI revises interest rates on loans, FDs, savings deposits: check new rates

SBI has lowered rates on fixed deposits by 10 basis points for '1 year to less than 2 years' maturity with effect from October 10, 2019

Banks expect double-digit growth in retail loan book this festive season

See uptick in retail loan book; expect 10-12% credit growth this festive season

PSUs get booted out of top 10 market-cap club; analysts eye divestment

India's largest bank by assets, State Bank of India (SBI) and the sole stock to hang on to this elite list was evicted last week, with its market-cap out falling below that of Bajaj Finance

State Bank of India expects double-digit uptick in corporate loans

According to June 2019 data, SBI witnessed 11.62 per cent year on year growth in the corporate loan book

SBI account holder? Know new ATM withdrawal, loan rules kicking in today

SBI will use repo rate as the external benchmark to price all new floating-rate loans for MSMEs, housing and retail loans and credit for medium-sized enterprises from today

SBI prices home loans at 265 bps over repo rate from October 1

SBI also said that a 5 bps concession will be given to women borrowers under each category of loans.

Linking loans to external benchmark may delay SBI's profit revival

Profitability may take further hit on policy rate cut of 25-40 bps

Linking loans to external benchmark: Why it won't be easy for banks

Banks in India are not wholesale-funded entities as in developed markets, but deposit-taking. Only a percentage of their books is linked to borrowing at the repos window

SBI to launch co-lending of loans with NBFCs in next 30 to 40 days

The loans, which would essentially be for priority sector, would be on a fully-automated platform

Explained: Is SBI repo-linked home loan product good for retail borrowers?

Higher initial payout is an entry barrier, but interest burden will fall and more tax benefit can be availed of

Air India's arm raises Rs 7,000 cr from bond market to dilute debt burden

The bond was floated at 6.99%, around 86 bps higher than the three-year govt bond yield, to be followed by a Rs 15,000 crore bond issue in two weeks

SBI Life offer for sale to fetch Rs 3,500 crore; stock falls marginally

Following the share sale, SBI's stake in SBI Life will fall from 62.1 per cent to 57.6 per cent

SBI Life Insurance shares slip 2% as SBI's two-day OFS begins

SBI plans to raise up to Rs 3,465 crore by offloading up to 4.5 per cent stake in SBI Life to comply with the minimum public shareholding norms.

State Bank of India cuts MCLR By 10 bps effective September 10

State Bank of India reduced interest rates on time deposits across all maturities