State Bank Of India YONO

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

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

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

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

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

'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'

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

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

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

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

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

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 ...

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

Canara Bank raised Rs 2,000 crore worth of AT1 bonds at a rate of 7.99 per cent, taking its total issuance of such bonds so far in the year to Rs 4,000 crore

At least three PSBs have former SBI executives as MD & CEO at present - Sanjiv Chadha of Bank of Baroda, Partha Pratim Sengupta of Indian Overseas Bank and Soma Sankara Prasad of UCO Bank.

The company owes Rs 4,771 crore to banks and has already availed two debt restructuring schemes, leading to massive haircuts taken by lenders

Two years after the deal was approved by the NCLT, banks led by the State Bank of India (SBI) have agreed to issue a no objection certificate (NOC) to Mukesh Ambani-owned Reliance Industries

At a time when growth in bank credit is outstripping that of deposits, several lenders, including the country's largest bank, State Bank of India (SBI), have raised deposit rates ahead of the festival

SBI's MCLR rate for overnight to three-month has increased to 7.35 per cent from 7.15 per cent, while six-month MCLR has increased to 7.65 per cent from 7.45 per cent