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Wednesday, April 01, 2020

State Bank of India


Former SBI chief Arundhati Bhattacharya appointed as chairperson of Salesforce India

March 18, 2020 11:34 am

Arundhati Bhattacharya will be joining Salesforce India on April 20, 2020, and will oversee the growth strategy of the company and play an integral role in defining its relationship with the ecosystem of customers, partners and community.

SBI heartless, inefficient, Finance Minister Nirmala Sitharaman tells its chairman

March 15, 2020 5:03 pm

Responding to the audio clip, the All India Bank Officers’ Confederation (AIBOC), which has 3.2 lakh officers as members, on March 13, condemned the Finance Minister for her allegedly “direct and unsavoury” attack on Rajnish Kumar.

SBI Cards IPO: Here's how to check if you've been allotted shares

March 11, 2020 7:47 pm

The IPO of SBI Cards saw a whopping 26.54 times subscription over the 10,02,79,411 offered shares during the offer period. Here's how you can check if you have been allotted shares.

SBI waives minimum balance requirement in savings accounts, cuts interest rate to 3%

March 11, 2020 6:20 pm

State Bank of India (SBI) on Wednesday also rationalised interest rate on all savings bank accounts to a flat 3 per cent. The move is likely to impact around 44.51 crore account holders of the public sector lender.

SBI cuts MCLR by up to 15 bps across tenors

March 11, 2020 11:04 am

This is tenth consecutive cut in MCLR by the State Bank of India (SBI) in the current fiscal.

Crude oil related stocks in focus: RIL slips 8%, ONGC market cap dips below Rs 1 lakh crore

March 09, 2020 11:38 am

The shares of oil marketing companies were trading on a positive note during the morning trade with Hindustan Petroleum (HPCL) surging as much as 12.82 per cent to Rs 226.60, while Bharat Petroleum (BPCL) climbed 12.72 per cent to Rs 454.10 and Indian Oil (IOC) rose 4.41 per cent to Rs 105.25.

Day after, RBI unveils its revival plan for Yes Bank, says SBI willing to invest

March 07, 2020 3:20 am

The scheme states that the investor bank should agree to invest in the equity of the reconstructed bank (Yes Bank) to the extent that post-infusion, it holds 49 per cent shareholding in the bank at a price not less than Rs 10 — face value of Rs 2 and a premium of Rs 8.

RBI says SBI has shown interest in investing in Yes Bank

March 06, 2020 6:56 pm

From the appointed date, the authorised capital of the private sector bank would stand altered to Rs 5,000 crore and the number of equity shares to 2,400 crore having face value of Rs 2 each.

Yes Bank crisis Highlights: RBI says SBI willing to invest in the struggling private sector lender

March 06, 2020 6:40 pm

The Reserve Bank of India (RBI) on Friday said that the country's largest public-sector bank State Bank of India (SBI) has expressed its willingness to invest in the struggling private sector lender Yes Bank.

India approves rescue plan for Yes Bank through SBI's capital injection: report

March 05, 2020 3:05 pm

The plan would throw a lifeline to Yes Bank which has been struggling to raise capital since the middle of last year, as it has faced a surge in bad loans due to the nation’s shadow banking crisis. Yes Bank’s shares jumped as much as 29% on Thursday.