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SBI revises IMPS fund transfer charges- know details here
New Delhi: Country's largest bank SBI has waived charges for fund transfer of up to Rs 1,000 through its IMPS (Immediate Payment Service) to promote small transactions.State Bank of India had been...
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SBI reduces NEFT, RTGS charges up to 75%
New Delhi: After lowering the Immediate Payment Service (IMPS) charges, the State Bank of India (SBI) on Thursday reduced charges for National Electronic Funds Transfer (NEFT) and Real Time Gross...
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India home to 50 of the world’s 2,000 powerful companies, no Indian firm in...
New Delhi: India is home to 50 of the world’s 2000 largest and most powerful public companies, according to the Forbes’s annual list.Mukesh Ambani-led Reliance Industries leads the pack of 50 Indian...
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SBI launches 'SBI Realty' portal for home buyers
New Delhi: India's largest commercial bank SBI on Tuesday said it has launched a dedicated portal 'SBI Realty' that will help home buyers to choose flats from its 3,000 approved projects across the...
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NCLT reserves order on Bhushan Steel bankruptcy petition
New Delhi: The National Company Law Tribunal (NCLT) on Wednesday reserved its order over the bankruptcy petition filed by the country's largest lender SBI against Bhushan steel Ltd.A bench headed by...
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Diageo asks Mallya to return USD 40 million, seeks compensation
London/New Delhi: British liquor giant Diageo on Thursday said it has asked beleaguered businessman Vijay Mallya to return USD 40 million paid to him as part of the USD 75 million (Rs 515 crore)...
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SBI cuts interest rates for savings accounts by 0.5% to 3.5%
New Delhi: India’s largest lender SBI on Monday announced a 0.5 percent (50 basis points) cut in interest rates for savings bank deposits, effective immediately.According to the new structure, for...
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May save Rs 2,000 crore on rate cut: SBI
Mumbai: The SBI on Tuesday said its 50 basis points (bps) rate cut on savings accounts can lead to savings of Rs 2,000 crore over one year in case status quo is maintained and that there won`t be huge...
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Rate cut to boost credit demand, propel growth, say bankers
New Delhi: Bankers on Wednesday said the RBI's move to cut its policy rate by 0.25 percentage point would help boost credit demand, improve investor sentiment and propel growth.The key policy rate or...
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SBI to mobilise Rs 2,000 crore via Basel-III bonds
New Delhi: India's largest lender State Bank of India plans to raise Rs 2,000 crore by allotting Basel-III compliant bonds to various investors."The committee of directors for capital raising accorded...
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After SBI, Kotak Mahindra Bank cuts savings rate by 0.50%
New Delhi: A day after announcement of RBI's bi-monthly monetary policy review, Kotak Mahindra Bank on Thursday decided to slash interest on savings account deposits by 0.50 percent to 5.5 percent on...
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Seven of top-10 companies add Rs 40,799 cr in mcap
New Delhi: Seven of the top-10 most valued Indian firms together added Rs 40,799.71 crore in market valuation last week, led by RIL that emerged as the biggest gainer.Reliance Industries Ltd (RIL),...
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12 PSU banks firming plans to raise funds from markets
New Delhi: As many as 12 public sector banks including PNB, Bank of India and Indian Bank have lined up plans for raising funds from markets to shore up their capital base to meet global risk norm,...
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Axis Bank cuts interest rate on savings accounts by 0.50%
New Delhi: Within days of SBI slashing interest rate on savings bank account - Axis Bank - has followed suit, cutting it to 3.5 percent on deposits of up to Rs 50 lakh.However, for balance above of Rs...
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Rising NPAs in MSME sector in West Bengal worrisome: SBI
Kolkata: Country's leading lender State Bank of India (SBI) on Thursday said that the rising NPAs in the MSME sector in West Bengal was worrisome for which the bank had introduced new assessment system...
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Lok Sabha passes bill approving merger of associate banks with SBI
New Delhi: The government on Thursday said the merger of the five associate banks with the SBI will lead to increased capital base and availability of loan, as the Lok Sabha passed the bill approving...
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Bank NPAs register a significant growth during January-June: Survey
New Delhi: Banks with operations in India witnessed a significant rise in non-performing assets during the first half of 2017, according to a survey released on Thursday.The Ficci-IBA survey carried...
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SBI Q1 net profit jumps 5-fold to Rs 2,006 crore; NPAs spike
New Delhi: The country's largest lender SBI on Friday reported over 5-fold jump in consolidated net profit to Rs 2,006 crore for the June quarter of the current fiscal even as non-performing assets...
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SBI slashes staff count, 10,000 employees to be redeployed
New Delhi: Country's largest public lender, State Bank of India (SBI), has slashed its staff by 6,622 in the first quarter of current fiscal due to retirements and voluntary retirement scheme. The...
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PNB, HDFC Bank cut interest rate on savings account by 0.5%
New Delhi: Two leading lenders PNB, HDFC Bank on Thursday slashed interest rate on savings bank accounts by 50 basis points to 3.5 percent on deposits up to Rs 50 lakh.Besides, Punjab National Bank...
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