Page 54 - Sbi

SBI unveils new branding after merger of 6 entities

The monogram has been refined for greater clarity and ease of use

After merger with associates, SBI to prune cost-to-income ratio to 46%

Merged entity will have deposit base of more than Rs 26 lakh crore

SBI hikes minimum balance for savings account; others may follow

Charges will also apply to customers of 5 erstwhile associates and Bharatiya Mahila Bank

SBI to begin FY18 as banking behemoth

Branch rationalisation consequent to the merger would be spread over in FY18

SBI raises $500 mn in 3-year dollar debt

The Reg S bond programme has been sold through its London branch and is priced at Libor plus 95 bps

SBI spent Rs 775 crore in maintaining Jan Dhan accounts, says govt

Minister said number of zero balance Jan Dhan accounts was 6.32 cr as on Dec 28, 2016

SBI workforce may see 10% reduction by 2019; hiring to fall by 50%: MD

However, SBI MD Rajnish Kumar ruled out any lay-offs

SBI Life plans IPO; SBI to dilute 10% in insurer

Executive committee of central board accorded in-principle approval for IPO of shares, says SBI

Merger benefits to accrue only from Q3 2017-18: SBI MD Dinesh Kumar Khara

The bank's market share will shoot up to 23 per cent from the current 17 per cent

Ahead of SBI merger, State Bank VRS scheme to remain open for a short time

Available for those who put in 20 years of service or completed 55 years of age as on Feb 28, 2017

Bharatiya Mahila Bank to be merged with SBI from Apr 1

This, to ensure greater banking outreach to women

SBI merger impact: 47% of associate banks' offices to shut down

SBI is India's largest bank with assets of Rs 30.72 lakh crore

Cabinet nod for merger of BMB with SBI likely in 3 months

Union Cabinet has already given in-principle approval to the merger of BMB with State Bank of India

SBI may introduce variable pay structure

Unions say it might be difficult for them to stop this move after merger

Maha Oppn demands SBI chief's apology for statement on farm loan waivers

Opposition Congress and Nationalist Congress Party legislators on Thursday stormed the State Bank of India's corporate office at the Nariman Point demanding an apology from SBI chairperson Arundhati Bhattacharya for her statement that crop loan waiver disrupts credit discipline among borrowers as they expect future loans to be waived as well. Agitated Congress and NCP legislators led by the leader of opposition in the state assembly Radhakrishna Vikhe-Patil shouted slogans for over half an hour and threatened to table privilege motion in the state legislature. Opposition members left the SBI office after learnt that Ms Bhattacharya is out of Mumbai. Opposition's move comes at a time when they are stepping up their demand for crop loan waiver in and outside the state legislature during the ongoing budget session. The ruling BJP has been isolated as its partner Shiv Sena also joined the opposition on this issue.Opposition members took strong objection against SBI chairperson's view ...

Farm loan waivers upset credit discipline: SBI chairman

BJP had promised to bring in a loan waiver scheme for farmers in the state, if it's voted to power

SBI to raise Rs 15,000 cr in FY18

SBI executive said nod from the board is an enabling provision

SBI to raise its stake to 74% in SBI Cards, GE Capital's arm

At present, SBI holds 60% stake in SBI Cards and Payments and will acquire another 14% stake

SBI approves plan to raise up to Rs 15,000 cr in capital

SBI also decided to inject Rs 1,160 cr into two credit card joint ventures companies

SBI floats one-time settlement scheme for tractor loans

Warns about adverse fallout from farm-loan wavier ABHIJIT LELEAs a step to clean up books State Bank of India hasfloated a one-time settlement scheme (OTS) for borrowers who are defaulting on loansavailed to buy tractors. Country's largest lender also voiced reservations on move waiveoff farm loans as it will adversely affect payment culture in the country. SBI executives said tractor credit book is part ofagriculture loan portfolio. Bank does float OTS on regular basis to get rid ofold loans (NPA) where the prospects for recovery are low. Bank has madeadequate provision for such dud assets in line with regulatory norms. OTS for tractor loans began early last month and willcontinue till end of this month (March 31 2017). SBI will take a haircut of 40per cent for loans. The scheme is open for loans which were disbursed beforeSeptember 30 2011 and have upto Rs 25 lakh in outstanding by end September2016, SBI managing director Rajnish Kumar said. The status of account has to be ...