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'State Bank Of India' - 899 News Result(s)

  • Point of Sale Cash Withdrawal Limit Should be Raised to Rs 5,000: SBI

    Point of Sale Cash Withdrawal Limit Should be Raised to Rs 5,000: SBI

    State Bank of India, the country's largest lender, on Tuesday said it has written to the Reserve Bank (RBI) to increase the daily cash withdrawal limit from merchant outlets having POS (point of sale) machines to Rs 5,000.

  • Sensex, Nifty Fall Most in 1-1/2 Months Ahead of Fed Outcome

    Sensex, Nifty Fall Most in 1-1/2 Months Ahead of Fed Outcome

    The BSE Sensex and Nifty fell over 1 per cent on Tuesday, posting their biggest single-day decline in 1-1/2 months as blue-chips slipped on caution ahead of the Federal Reserve's two-day meeting while foreign portfolio sales also weighed on sentiment

  • SBI Cuts Rates for 1-3 Years Deposits

    SBI Cuts Rates for 1-3 Years Deposits

    Simultaneously, SBI has also increased the deposit rate for the 180-210 days deposits to 7.25 per cent from 7 per cent earlier.

  • RBI Chief Calls for Cleaning Up of Banking System

    RBI Chief Calls for Cleaning Up of Banking System

    Public sector banks need to improve monitoring of loans and root out "bad apples" and "bad practices," Reserve Bank of India Governor Raghuram Rajan said on Monday, as the sector continues to struggle with bad assets.

  • Kingfisher Loan Default Only a 'Trickle': Vinod Rai

    Kingfisher Loan Default Only a 'Trickle': Vinod Rai

    As industrialist Vijay Mallya fights his wilful defaulter tag, former Comptroller and Auditor General (CAG) Vinod Rai has said Kingfisher Airlines' loan default is just a "trickle" and the overall problem of huge bad loans at public sector banks can ...

  • Sun Pharma, ONGC, 3 Others Lose Rs 36,971 Crore in Market Value in a Week

    Sun Pharma, ONGC, 3 Others Lose Rs 36,971 Crore in Market Value in a Week

    Top five Sensex companies including ONGC and Sun Pharma lost Rs 36,971.61 crore in market capitalisation in the week ended September 12, with the two companies being the worst hit.

  • SBI Takes Lead in Opening Bank Accounts Under 'Jan Dhan Yojana'

    SBI Takes Lead in Opening Bank Accounts Under 'Jan Dhan Yojana'

    As of September 8, State Bank has opened about 21.16 lakh accounts in rural areas and 8.8 lakh accounts in urban areas, Financial Services Secretary G S Sandhu said.

  • Yet to Hear From UK Regulator on Subsidiarisation: SBI

    Yet to Hear From UK Regulator on Subsidiarisation: SBI

    State Bank of India (SBI), the country's largest lender, on Wednesday denied receiving any communication from the British banking regulator asking it to convert branches in the island nation into a wholly-owned subsidiary.

  • Coal Block Allocations: SBI Says It Has Rs 4,000-Crore Exposure

    Coal Block Allocations: SBI Says It Has Rs 4,000-Crore Exposure

    State Bank of India, which has Rs 4,000-crore exposure to coal mines, on Tuesday said the banking system is unlikely to take a hard knock even if the Supreme Court cancels all the 218 coal blocks allocated between 1993 and 2010.

  • SBI Sends Wilful Defaulter Notice to Kingfisher Airlines

    SBI Sends Wilful Defaulter Notice to Kingfisher Airlines

    Days after United Bank of India declared Kingfisher Airlines, its promoter Vijay Mallya and three other directors as wilful defaulters, State Bank of India (SBI), the countrys largest lender, has also sent a notice to tag them as willful defaulters.

  • SBI Seeks Reserve Bank Nod to Launch Contactless Debit Card

    SBI Seeks Reserve Bank Nod to Launch Contactless Debit Card

    State Bank of India, the country's largest lender, on Monday said it is planning to launch contactless debit cards which would enable customers to carry out some transactions without entering the pin number.

  • SBI Launches Savings Accounts for Children

    SBI Launches Savings Accounts for Children

    State Bank of India (SBI) on Friday introduced personalised savings accounts for those below 18 years of age.

  • PF Portability May Be Launched This Month

    PF Portability May Be Launched This Month

    An ambitious project by the Employees' Provident Fund Organisation (EPFO) to provide portable universal account numbers (UAN) to its subscribers is likely to be launched this month.

  • Vijay Mallya to Challenge Wilful Defaulter Tag, but May Face Turbulent Days

    Vijay Mallya to Challenge Wilful Defaulter Tag, but May Face Turbulent Days

    IDBI Bank is considering declaring Mallya a "wilful defaulter", the bank's chairman MS Raghavan told Reuters yesterday. State Bank of India and Punjab National Bank are among other big lenders who have given loan to the grounded carrier, which has no...

  • Fitch Retains Ratings of SBI, ICICI Bank, 7 Other Lenders

    Fitch Retains Ratings of SBI, ICICI Bank, 7 Other Lenders

    Fitch Ratings on Wednesday reaffirmed long-term issuer default ratings (IDRs) of nine banks including State Bank of India (SBI), Bank of Baroda (BoB), Punjab National Bank (PNB) and ICICI Bank at 'BBB-' and also retained their credit rating as 'stab...

  • Bullish on SBI, ONGC, Says IDFC Securities

    Bullish on SBI, ONGC, Says IDFC Securities

    Mr Damania says public sector banks like State Bank of India, Union Bank of India and Bank of India are going to do better after the recent correction in these stocks. He thinks the new guidelines for recognition of restructured assets will help thes...

  • Finance Ministry Asks RBI to Tighten Monitoring to Check Fund Diversion: Report

    Finance Ministry Asks RBI to Tighten Monitoring to Check Fund Diversion: Report

    Against the backdrop of the Kingfisher case, the Finance Ministry has asked the Reserve Bank of India (RBI) to tighten lending norms to prevent borrowers from opening multiple current accounts outside their consortium banks.

  • Analysts Lift Growth Target, SBI Sees GDP Clipping at 5.8 Per Cent

    Analysts Lift Growth Target, SBI Sees GDP Clipping at 5.8 Per Cent

    After release of official data pointing to a surge in growth during the first quarter, analysts, led by the chief economic advisor at State Bank of India (SBI), on Monday upgraded their GDP estimates.

  • SBI Signs $152-Million Export Line of Credit With Japanese Bank

    SBI Signs $152-Million Export Line of Credit With Japanese Bank

    State Bank of India (SBI), the country's largest lender, on Monday signed a loan agreement with the Japan Bank of International Cooperation (JBIC) to set up an export credit line in two currencies worth $152 million (Rs 912 crore at 1 dollar = 60 rup...

  • Indian Shares Headed for Correction, but Outlook Strong: Bank of America

    Indian Shares Headed for Correction, but Outlook Strong: Bank of America

    BofA-Merrill said that the pace of reforms is "slower" than expected. But added it still expects India's earnings to double over the next 4-5 years.

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