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SBI Life IPO subscribed 9% on Day 1
New Delhi: The initial share sale offer of SBI Life Insurance Company was subscribed 9 percent on the first day of the three-day bidding on Wednesday, stock exchanges data showed.The Rs 8,400 crore...
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SBI Life IPO subscribed 58% on Day 2
New Delhi: The initial share sale offer of SBI Life Insurance Company was subscribed 58 per cent on the second day of bidding on Thursday, stock exchanges data showed.The initial public offer (IPO),...
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SBI launches India's first bond index series in UK
London: State Bank of India (SBI) on Friday launched India's first bond index series for overseas investors at the London Stock Exchange (LSE).The FTSE SBI Bond Index Series, launched by India's...
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Telecom sector under stress: SBI chief
Kolkata: The country's largest lender State Bank of India (SBI) on Saturday reiterated that the telecom sector was under stress and the bank was doing extra provisioning for this.SBI chairman Arundhati...
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Vijay Mallya may have diverted 'huge chunk of loan' to shell companies
New Delhi: Vijay Mallya may have put a large portion of the Rs 6,207-crore loan taken from a consortium of banks into shell companies. A leading daily has quoted official sources in CBI and Enforcement...
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SBI launches chatbot to help customers in banking activities
Mumbai: Artificial intelligence banking platform Payjo on Monday said it has launched an AI-powered chat assistant for State Bank of India to addresses customer enquiries.The chat assistant, known as...
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SBI lowers minimum balance requirement in savings account to Rs 3,000
New Delhi: State Bank of India (SBI) has lowered minimum balance requirement in savings account to Rs 3,000 from Rs 5,000.The SBI had earlier in April this year increased minimum balance requirement in...
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SBI to raise Rs 99 crore from share buyback by dealership arm
New Delhi: State Bank of India (SBI) on Friday said it will tender shares worth over Rs 99 crore as part of a share buyback programme by its subsidiary SBI DFHI."SBI is tendering 19,11,974 shares held...
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These rules of SBI will change from October 1
India's biggest bank SBI has changed some of its rule to give some benefit to its customers. These changed rules will come in effect from October 1. Watch to know these rules.About Zee Business...
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SBI reduces interest on fixed deposits. Here's the new rule
New Delhi: Country's largest lender State Bank of India has cut its term deposit rates by 0.25 percent effective from October 1.The rates have been revised for up to 1-year term deposits and for amount...
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New boss of SBI promises to tackle bad debt, seize opportunities
Mumbai: Tackling bad debts is the priority for State Bank of India , its newly appointed chairman said on Thursday, but India`s largest bank will not shy away from opportunities to grow, including in...
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Six of 10 most valued companies add Rs 76,383 crore in m-cap
New Delhi: The combined market valuation of six of the 10 most valued Indian companies surged Rs 76,382.8 crore last week, with Reliance Industries Ltd (RIL) and TCS stealing the show with maximum...
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Moody's affirms SBI's ratings
Mumbai: Moody's has affirmed the ratings on State Bank of India's local and foreign currency deposits of Baa3/P-3 apart from affirming the Baa3 rating on its senior unsecured debt issued through its...
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India after demonetisation: Over 350 ATMs shut in three months
New Delhi: The government's aggressive push towards making India a cashless society is resulting in reduction of ATM count in the country. The impact can clearly be seen as the number of ATMs has...
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Banks must inform customers on closure of insurance Schemes: NCDRC
New Delhi: Banks are bound to inform its customers through personal notice before discontinuing any insurance policy provided as a cover for loans granted, the apex consumer commission has said.The...
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'T' for transgender in railway tickets soon
New Delhi: Transgenders will now have the option of identifying themselves as the third gender with the Railway Board modifying reservation forms to provide the option 'T', besides 'M' (Male) and 'F'...
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Buying a car or home? SBI may have the cheapest option in the market
Mumbai: India`s largest lender State Bank of India (SBI) on Thursday announced reduction of interest rates on home and automobile loans by five basis points (bps).In a statement issued here the bank...
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SBI brings home loan rate to lowest in industry at 8.30%
New Delhi: Largest public lender State Bank of India (SBI) on Thursday lowered home loan rate by 0.05 per cent to 8.30 per cent, the lowest in the industry.It has also reduced the auto loan by a...
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SBI deploys Microsoft Office 365 across its network
New York: The State Bank of India (SBI) has deployed Microsoft Office 365 to improve communication and collaboration among its workforce.This is one of the largest deployments of Office 365 in India,...
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SBI brings home loan rate to lowest in industry: 5 things you must know
New Delhi: Largest public lender State Bank of India (SBI) on Thursday lowered home loan rate by 0.05 percent to 8.30 percent, the lowest in the industry.It has also reduced the auto loan by a similar...
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