Page 50 - Sbi

From today, you can't draw over Rs 20K a day at SBI ATMs: Things to know

The withdrawal limit has been curtailed on Classic and Maestro debit cards, held by a large number of the bank's customers

IL&FS mess: SBI ups target to buy good quality asset portfolios from NBFCs

he bank had initially planned for growth of Rs150 billion through portfolio purchases

SBI lowers ATM cash withdrawal limit to Rs 20,000 ahead of festive season

The restriction comes weeks before the festive season.

SBI offloads 4% stake in general insurance arm for Rs 4.81 billion

The country's lead lender also plans to sell a stake in SBI Card and SBI Capital Market, MD Rajnish Kumar said

SBI hopes to resolve 7-8 stressed power assets by Nov 11: Rajnish Kumar

SBI has exposure of Rs 170 billion in these projects

SBI names Prashant Kumar, a 35-year veteran at the bank, as its CFO

The State Bank of India (SBI) has announced Prashant Kumar as the Chief Financial Officer (CFO).A Science graduate and a Law graduate from Delhi University, Kumar joined the bank in the year 1983, as Probationary Officer and since then he has held various important portfolios in Bank.As DMD (HR) & CDO he was spearheading the largest Human Resources Department of the Banking Industry consisting of a workforce of more than two lakh seventy thousand employees and the largest training infrastructure in the country in the Banking system.In his long service in the Bank, he has had opportunity to work in various areas of banking such as Retail Operations, Human Resources and Strategic Training.He also worked as Chief General Manager, Kolkata circle and General Manager in Mumbai Circle.

SBI's plans to raise dollar funds through green bonds' issue put on hold

Keeping in view the uncertainty and higher costs of the fund, the bank has decided not to go ahead with the plan for the time being, says a senior executive with the global lender

SBI to form separate unit for Mumbai Metropolitan business region

Experience with independent unit for Mumbai region will be basis for taking decision any changes in other states

Switch to EMV chip debit cards by December 31: SBI tells customers

EMV chip card protects against counterfeit (skimming) card fraud. EMV chip card and PIN protects against both counterfeit (skimming) and lost and stolen card fraud

Sudden depreciation of rupee not good as it adds volatility in market: SBI

Group economic advisor of the SBI, Soumya Kanti Ghosh said rupee had experienced an orderly depreciation as it moved from Rs 64 to a dollar to Rs 70 over a span of five to six months

SBI charges for non-maintenance of minimum balance unfair: Report

According to financial ministry data, the SBI collected Rs 24.34 billion for the financial year 2017 in penalty on non-maintenance of minimum balance alone

SBI to sell NPAs of Bombay Rayon Fashions, Shivam Dhatu worth Rs 24.90 bn

The two accounts on sale are -- Bombay Rayon Fashions Ltd which owes Rs 22.60 billion to the bank. The second account, Shivam Dhatu Udyog Pvt Ltd, has to repay Rs 2.29 billion

SBI posts Rs 49 bn loss in Q1: One-time provision hit disappoints investors

Net interest income up 24% in Q1 but twofold rise in provisioning led to net loss of Rs49 billion

No retrenchment of employees after merger of associate banks with SBI: Govt

During the Question Hour, he said that 6,950 branches have merged with SBI post amalgamation of banks

SBI to sell 4% of its existing shareholding in SBI General Insurance

The company has 111 branches across the country, about 95 of which are in urban areas

SBI hits 6-month high; stock up 19% in one month

SBI hit its highest level since February 2, 2018, was up 3% to Rs 307 in intra-day trade on Monday, extending its Friday's 1.6% gain on the BSE.

SBI raises interest rate on FDs by up to 0.1% ahead of monetary policy meet

The bank had last revised its interest rate on May 28, ahead of second bi-monthly monetary policy for 2018-19 announced on June 6

State Bank of India to raise dollar funds through maiden green bonds

Green bonds are regular bonds, the proceeds of which are used to fund sustainable green projects

Arijit Basu takes charge as Managing Director of State Bank of India

State Bank of India (SBI) on Monday announced appointment of Arijit Basu as the Managing Director.A graduate in Economics and a Master of Arts in History, Basu will handle the areas of Commercial Credit and IT and will also hold additional charge of Stressed Assets Resolution Group.Prior to this role, Basu was designated as Deputy Managing Director (DMD) in the bank.With 35 years of experience, Basu served SBI Life Insurance Company as its MD and CEO from August 2014 to March 2018.During his tenure, the company successfully listed on the Stock Exchanges in October, 2017.He held several key assignments in SBI which includes Chief General Manager of Delhi Circle and Regional Head & CEO of Japan Operations at Tokyo.Basu worked in various verticals of the Bank including Corporate Banking, International Banking, Retail Banking and HR and was also part of Business Process Reengineering (BPR) initiative undertaken by the Bank.

SBI set to rope in strategic advisor, to focus on capital conservation

As a step to attain scale and gain efficiencies, the bank merged five associates banks and Bharatiya Mahila Bank (BMB) with itself in 2017-18