Page 31 - Sbi

Stay light; keep an eye on key Nifty levels: Sameet Chavan of Angel Broking

With Friday's move, 15,200 - 15,400 has become a sturdy wall for Nifty and it would really be a daunting task surpassing this in the absence of any major trigger

SBI to conduct e-auctions of 12 bad accounts this month to recover dues

SBI will conduct e-auctions of 12 bad accounts this month to recover dues of over Rs 506 crore under sale to asset reconstruction company (ARC) mechanism

Covid impact: India's combined fiscal gap to reach 12.7% in FY21, says SBI

State Bank of India said in a report published Wednesday that there was a sharp increase in debt in the year to March 31 as states had to borrow more given their lack of resources

Cyber security critical for digital banking success: SBI official

Cyber security is critical for the success of digital banking and banks should create the infrastructure to win customers' trust for all such transactions, a senior SBI official said on Wednesday. Digital banking or Figital is here to stay and is the future but it is equally important to safeguard the interests of all stakeholders, State Bank of India (SBI) Deputy Managing Director and Chief Digital Officer Ravindra Pandey said at a webinar. "It is important to win the customers' trust in any system. It is the objective of banks to create and win the customers' trust, such that all transactions are routed through banks as is presently done by multiple payment apps," Pandey was quoted as saying in a release issued by industry body PHD Chamber of Commerce & Industry. The official said that fintech has bought about changes in the customer mindset and it is an era of techfins rather than fintech. Digital banking has helped in enhancing customer relationship, engagement and ...

Retail loan growth will continue to remain far from encouraging for banks

Retail loan growth at 9.1 per cent for February 12 fortnight is the weakest so far; Nifty Bank index is up 60 per cent in six months

NPCI, SBI Payments join hands to launch "RuPay SoftPoS" for merchants

It will enable the merchants to turn their smartphones into a PoS machine

PSU banks stage a comeback as tactical picks on sustained performance

The combination of low valuations and expected improvement in financials due to lowering credit cost is driving interest

Home loan rate cuts didn't dent the margins: Bankers and analysts

Experts don't see further cuts boosting demand, with rates already at record lows

HDFC, LIC Hsg: Stick to sound HFCs as SBI cuts home loan rate, say analysts

Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts

SBI commits Rs 11 crore to support government's Covid-19 vaccination drive

In order to support the next phase of the government's COVID-19 vaccination drive, the State Bank of India (SBI) has decided to contribute Rs 11 crore to the PM CARES Fund, said an official statement

SBI cuts home loan interest rate by 10 bps to 6.7% linked to CIBIL score

Sanctions loans worth Rs one trillion till date in FY21

SBI donates Rs 11 cr to PM-Cares fund for govt's Covid vaccination drive

The second phase of the COVID-19 vaccination drive started in the country from March 1

Top headlines: PM Modi receives Covid jab; ATF price raised by a steep 6.5%

Business Standard brings you top news of the evening

SBI reduces home loan interest rates to 6.7%

SBI home loan interest rates start from 6.7% for loans up to Rs 75 lakh and 6.75% above Rs 75 lakh; the lender is also offering 100% waiver on processing fees

Hackers hit State Bank of India users with text phishing scam

Several SBI users have been targeted with a phishing scam where hackers have flooded them with suspicious text messages

Coming soon: Pay life insurance premium in advance, get a discount

IRDAI proposes to link discount with SBI savings bank rate, which is currently at 2.7%

State Bank of India, Shapoorji Pallonji Real Estate sign MoU

State Bank of India and Shapoorji Pallonji Real Estate on Thursday signed a Memorandum of Understanding (MoU) to enable faster processing of home loans, approvals and to provide other benefits. The lender's head and chief general manager (Real Estate & Housing Business Unit) Shreekant said the collaboration will create win-win business opportunities for all stakeholders. "We sanction home loans in five days in all our approved projects, which is the key benefit for the customers apart from complete waiver of legal and valuation charges, he said in a release. Shapoorji Pallonji Real Estate CEO Venkatesh Gopalkrishnan said the tie-up will cover the new and existing housing projects across key markets. Earlier this month, SBI Chairman Dinesh Khara had said the bank is looking at more builder tie-ups so as to reduce the turnaround time for approving home loans to five days as against 12 days.

SBI, Shapoorji Pallonji sign MoU to offer faster home loan approvals

As part of the agreement, customers of SBI and Shapoorji Pallonji Real Estate will be able to avail the benefits of faster processing of home loans and approvals

SBI Card raises Rs 550 crore through private placement of bonds

State-run lender State Bank of India has a significant stake in SBI Card

State Bank of Sikkim under Reserve Bank of India's regulatory purview

The bank, established five years before Sikkim acceded to India in 1973, provides treasury operations for the state government