Consolidation of books to take 30 days from announcement of merger date
The application process for SBI PO 2017 starts from February 7, 2017 to March 6, 2017
NPA provisions decline but gross bad loans as a percentage of total loans rose slightly to 7.23%
Higher treasury profits, weak credit growth and continued asset quality woes are key worries
Gross NPA rose marginally to Rs 52,890 cr at the end of Dec 2016 from Rs 51,380 cr in Sept 2016
Arundhati Bhattacharya herself was part of the 1977 batch of probationary officers
The lender aims to attract bankers from emerging economies and neighboring countries as trainers
Forthcoming Union Budget is a time when banks are flush with funds post-demonetisation
Shares were issued at a price of Rs 269.59 per unit of face value of Re 1 each
The bonds will mature on January 24, 2022, the bank said
SBI last raised overseas debt by issuing $300 million last September, $1.25 billion in Feb, 2014
SBI Card said it had seen 25-30 per cent rise in card spending after demonetisation
State Bank of India Chairman Arundhati Bhattacharya today said the prevailing situation arising out of demonetisation will get normalised by end-February, emphasising the need to promote digitisation of economy. "We believe that the situation (arising out of demonetisation) will become totally normal by the end of February," Bhattacharya told reporters at the airport here after arriving to participate in the 8th Vibrant Gujarat Global Summit (VGGS). She said that SBI is ensuring that account holders are not made to stand in queue, by supplying adequate cash to bank branches so that money can be withdrawn at their convenience. She also said that at the VGGS, she would try to discuss the issue of promoting digitisation. "In the Vibrant Summit, we will try to discuss the issue of promoting digital. Currency notes will again come back into circulation, there is no doubt about that. But, if after notes are back, and we continue to behave like we did before demonetisation, then the .
The bank recently announced a steep 90 bps reduction in its MCLR- based lending rate
State Bank of India branch, from where Lakshman Meena had withdrawn the money, on Thursday said they had changed the notes
Its aim is to pass on the benefit of reduction in cost of funds and give a push to credit demand
SBI said it had received about Rs 1,60,000 cr in low-cost deposits after demonetisation
She is speaking a day after SBI slashed lending rates by 90bps
After the move, its MCLR fell to 7.75% from 8.65%, while 3-yr loan rates will now be 8.15%
Since July last year, Microsoft has been testing 'white space' in Srikakulam in Andhra Pradesh