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India's largest lender SBI increases benchmark lending rate by 0.1%

State Bank of India (SBI) has increased benchmark lending rate or base rate by 0.1 per cent, a move that may be followed by other lenders.

Follow prudential norms when lending to discoms: Power Secy tells SBI

Power Secretary Alok Kumar says overall debt of the discoms at the end of FY20 was Rs 5.14 trillion, against a turnover of Rs 7.28 trillion

SBI planning to offload 6% stake in AMC through initial public offer

SBI currently holds 63 per cent stake in the mutual fund company and the remaining 37 per cent stake is held by AMUNDI Asset Management through a wholly owned subsidiary, Amundi India Holding

State Bank of India attempts to dissuade employees from striking work

Considering the ongoing pandemic situation, resorting to a strike will cause great inconvenience to the stakeholders, SBI said

State Bank of India raises Rs 3,974 crore capital through AT1 bonds

Union Bank is likely to hit the market next week with AT1 bond issue of Rs 1,500 crore

PNB plans to raise up to Rs 2,000 cr through additional AT1 bonds

Bond dealers said the base size of the offering is for Rs 500 crore with a green shoe option of Rs 1,500 crore

SBI invites bids to sell NPA account KSK Mahanadi Power with Rs 4K cr dues

SBI to sell an NPA account KSK Mahanadi Power Company, with total outstanding against the company standing over Rs 4,100 crore.

RBI fines SBI Rs 1 crore for holding excess shares in borrower companies

SBI allegedly violated the 30% cap on holdings imposed under the Banking Regulation Act

Hero MotoCorp appoints former SBI chairman as independent non-exec director

Rajnish Kumar completed his three-year term as chairman of SBI in October 2020

Noida International Airport: Uttar Pradesh's crown jewel set to take off

Zurich Airport is investing Rs 5,700 cr in Phase I. It has tied up Rs 3,725 crore in debt from State Bank of India

SBI, Axis, Canara likely to raise Rs 7,500 crore via AT I bonds before 2022

The country's largest lender, SBI, is looking at raising an additional Rs 4,000 crore, Axis Bank Rs 2,000 crore and Canara Bank Rs 1,500 crore

After big-ticket recoveries, SBI turns to MSME and retail borrowers

According to SBI, at least 30-40 per cent of people pay following a call

SBI lists $650-mn green bonds on India INX, Luxembourg Stock Exchange

State Bank of India listed its USD 650-million green bonds simultaneously on the India International Exchange and the Luxembourg Stock Exchange

State Bank of India, PONLAIT ink pact on loan to dairy farmers

The Chennai circle of the bank which includes Tamil Nadu and Puducherry would make the loan available under the bank's YONO application

SBI, NPCI, NSE likely promoters of 'open' e-platform for retailers

Network aims to curb digital monopolies

SBI yet to refund Rs 164 cr undue fee charged from Jan Dhan a/c holders

SBI is yet to return Rs 164 crore of undue fee charged from the account holders of Pradhan Mantri Jan Dhan Yojana (PMJDY) towards digital payments during April 2017 and December 2019, a report said.

India Inc to press the pedal on fresh investments with PLI, say experts

CEOs say worst is behind and they're re-evaluating plans as capacity utilisation is increasing

SBI, U GRO Capital to disburse up to Rs 500 cr to MSMEs by March 22

SBI has onboarded U GRO Capital as its first co-lending partner for its Sanjeevani programme to finance MSMEs

Lenders to sell Videocon Oil Ventures, Amtek Auto debt to NARCL

Rs 90,000-crore NPAs of 22 firms to be transferred in first tranche

Rajnish Kumar is not afraid to ask questions

Kumar explained why the State Bank had to jump in to save the "lender of the last resort" (Yes Bank) while narrating the behind-the-scenes story graphically