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SBI Chairman: 'Across the board moratorium not needed ... some sectors may need relief'

July 11, 2020 2:27 am

SBI Chairman Rajnish Kumar said borrowers in general are cutting their liabilities and that SBI has been seeing loan repayments even from those accounts that were overdue.

State Bank of India cuts MCLR by 5-10 bps for shorter tenors

July 08, 2020 11:47 am

With this revision, the bank's MCLR up to three months tenor has come down to 6.65 per cent per annum, which is at par with its external benchmark based lending rate (EBLR).

Not an easy task for banks ... but methods of lending and quality of lending has to improve: SBI chief

June 28, 2020 12:40 am

Rajnish Kumar said that evolution of digital technology at banks will play a big role in easier lending to MSMEs as it is making it easier for banks to verify the credentials of MSMEs and is making the assessment easy. “

Inequality gap in India to narrow down post COVID-19: SBI report

June 23, 2020 1:13 pm

"We expect that the inequality gap in India will narrow down post-COVID pandemic as decline in income of rich states will be much greater than the decline in income of poor states," the SBI's research report said.

SBI disburses Rs 8,700 crore to MSMEs under emergency credit guarantee scheme

June 16, 2020 5:35 pm

As per the directions of the finance ministry, SBI and other banks rolled out the Guaranteed Emergency Credit Line (GECL) loan product to support MSMEs and business enterprises as per the guidelines of NCGTC.

Prolonged growth slowdown likely to hit India's external sector: SBI report

June 08, 2020 1:50 pm

As per SBI's research Ecowrap report, India is likely to end the current fiscal with current account surplus, if the oil prices in the international market remain subdued and do not show volatility during the course of the financial year.

One-time gains boosts SBI Q4 net, but 23% of loan book comes under moratorium

June 06, 2020 12:30 am

SBI made a profit of Rs 2,731 crore from sale of its investment in SBI Cards, which came out with an IPO during the quarter.

SBI records historic net profit in FY20 on stake sale in subsidiaries; Q4 net jumps over 4-fold

June 05, 2020 7:16 pm

"For the full year FY20, net profit stood at Rs 14,488 crore against net profit of Rs 862 crore in FY19. This is also the highest ever yearly net profit recorded by the bank," SBI said in a release.

SBI cuts interest rates on fixed deposits across tenors

May 28, 2020 5:09 pm

This is the second reduction in fixed deposits interest rates by the lender in May. It had reduced its deposit rates on May 12.

India's GDP growth seen at 1.2% for Q4 FY20: SBI report

May 26, 2020 4:38 pm

According to the SBI's research report - Ecowrap - the gross domestic product (GDP) growth is likely to be 4.2 per cent for FY20 and (-) 6.8 per cent for FY21.

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SBI Clerk Admit card out at sbi.co.in: Prelims on February 22, 29, March 1, 8

February 12, 2020 11:08 am

SBI Clerk admit card download: The total exam duration will be of an hour. Each section – English, Numerical Ability and Reasoning Ability time is 20 minutes

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SBI Clerk Prelims Results declared, websites to check

July 23, 2019 9:26 pm

SBI Clerk Prelims Results 2019: State Bank of India (SBI) has released the result for clerk prelims examination. All the candidates had appeared for the SBI clerk prelims examination can check the results through the official website of SBI- sbi.co.in