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Friday, August 19, 2022

State Bank of India


Fifth rate hike since April: SBI raises MCLR by 20 bps; EMIs to get dearer

August 16, 2022 2:38 am

The bank also raised MCLR for loans of other maturities — shorter maturities at 7.35 per cent, six months at 7.65 per cent, two years at 7.90 per cent and three years at 8 per cent.

SBI shares fall over 3% after Q1 earnings

August 08, 2022 12:33 pm

The stock declined 3.13 per cent to Rs 514 on the BSE. At the NSE, it went lower by 3.23 per cent to Rs 513.85.

SBI Q1 net profit falls 6.7% to Rs 6,068 crore

August 08, 2022 11:03 am

SBI’s net interest income (NII), or the difference between interest earned and expended, rose 13 per cent y-o-y to Rs 31,196 crore. The domestic net interest margin (NIM) fell 17 basis points (bps) sequentially to 3.23 per cent.

Electoral bonds: Parties mop up over Rs 10,000 crore since 2018

August 01, 2022 8:33 am

Electoral bonds are purchased anonymously by donors and are valid for 15 days from the date of issue. A debt instrument, these can be bought by donors from a bank, and the political party can then encash them.

India seems to be doing well compared to others; fuel price a challenge: Chairman, SBI

July 25, 2022 3:17 pm

Dinesh Kumar Khara added artificial intervention for rupee does not have any long-term impact.

SBI receives board's approval to raise up to Rs 11,000 crore

July 21, 2022 12:50 pm

The country's largest lender in terms of asset size and customer base plans to raise fresh Additional Tier 1 (AT1) capital up to Rs 7,000 crore, subject to the government's concurrence. Also, it plans to raise fresh Tier 2 capital of up to Rs 4,000 crore.

SBI chairman: Artificial intervention doesn’t work

July 20, 2022 9:02 am

Speaking to The Indian Express, Khara said, “I think that it (intervention by central bank) really doesn’t work.... Artificial intervention does not really have any long-term impact, it can only have a temporary impact.”

Privatise all PSBs except SBI for now, says report

July 13, 2022 5:03 am

The report says that the government should start privatisation exercises with two strong banks.

CBI books two firms for duping SBI of Rs 2149 cr

July 12, 2022 7:47 am

The accused have been identified as Ushdev International Limited and its directors-guarantors Suman Vijay Gupta and Prateek Vijay Gupta, among others.

SBI signs pact with Karnataka to open India's first branch for startups

July 10, 2022 6:51 am

The collaboration between SBI and the Karnataka Digital Economy Mission will enable startups across the state to access banking facilities, funding, credit facilities.