State Bank of India

State Bank of India News

Chandigarh: SBI seeks FIR in Rs 78-lakh loan fraud

The loans were allegedly granted through Bhartiya Mahila Bank (BMB), which in April 2017 merged with the SBI. The case is scheduled for hearing on February 15.

SBI firms up plans to raise Rs 10,000 crore from market

In December 2018, SBI said it has received shareholders’ approval to raise up to Rs 20,000 crore through sale of shares.


SBI invites bids from banks for Rs 20,000-crore QIP

The last date for interested parties to submit their bids is January 5, following which presentations will be made by bidders on January 7.

SBI mop-up from non-maintenance of balance falls in April-September

SBI’s collections from non-maintenance of AMB fell sharply to Rs 459.88 crore in the first six months of current financial year (April-September 2018), as compared to Rs 2,433.87 crore in the full year of 2017-18.

‘SBI to cease to be EPFO fund manager from March’

The Board also extended the tenure of CRISIL Ltd as consultant up to March 31 2019 or till appointment of new portfolio managers, whichever is earlier.

State-owned banks' losses widened nearly 3.5 times in Jul-Sep

The biggest loss was posted by scam-hit Punjab National Bank (PNB) Rs 4,532.35 crore in the September quarter of the current fiscal as against a profit of Rs 560.58 crore in the year-ago period.


Indian banks showing positive signs but fundamentals still weak: DBS report

According to the global financial services major, the recent second quarter earnings of Indian banks showed some positive signs with a slight improvement in asset quality.

State Bank of India returns to profit after losses in three straight quarters

Shares of SBI rose as much as 5.06 per cent on the BSE in intra-day trade on Monday, before ending at Rs 295.30, up 3.45 per cent.

SBI to cut ATM withdrawal limit from today: Here's the revised amount

SBI cash withdrawal limit: Account holders having higher daily cash withdrawal requirements can apply for other debit card variants that have a higher daily withdrawal limit, the bank has said in a communication.

SBI to sell 26 per cent stake in arm to form payments JV with Hitachi

As per SBI’s annual report for FY18, SBI Payment Services’ total balance sheet equity, including reserves and surplus, stood at Rs 3.8 crore, while its total balance sheet assets were at Rs 5.61 crore.