Sbi Loans

The Enforcement Directorate (ED) today said it has arrested a Kolkata-based businessman under the anti-money laundering law for allegedly defrauding State Bank of India of Rs 95 crore.

"We cannot have a system where we have a 20% growth year-on-year on MSME and retail and then an NPA (ratio) which will remain below 1% for retail," Ashwini Kumar Tiwari, managing director at State Bank of India said.

Adani Ports and Special Economic Zone has repaid Rs 1,500 crore loan and will repay another Rs 1,000 crore in commercial papers due in March.

Several banks to increase their lending interest rates, making loans costlier for borrowers.

SBI chairman Dinesh Khara said the bank does not envisage the ports-to-mining group facing any challenge to service its debt obligations and stressed that SBI has not given any loans against shares to the group.

The CBI has charged three Jalgaon-based jewellery companies for alleged loan fraud of over Rs 352 crore in the State Bank of India, officials said on Wednesday.

SBI Chairman Dinesh Kumar Khara stressed that the Rs 5 lakh crore excludes housing loans, where the bank has the numero uno position in the market.

State Bank of India has raised the marginal cost of funds-based lending rate (MCLR) by 15 basis points across tenors, making most consumer loans costlier for borrowers.

State Bank of India (SBI), the country's largest lender, expects credit growth to remain in double-digits while it steps up efforts to attract more deposits, where it sees growth in line with the sector.

State Bank of India (SBI) on Saturday said its standalone profit jumped 74 per cent to Rs 13,265 crore in the second quarter of FY23, aided by lower bad loans and higher interest income.

Sate-owned SBI and private lenders Kotak Mahindra Bank and Federal Bank have hiked their lending rates.

The nation's largest lender State Bank on Wednesday said its home loan book has surpassed the Rs 6-lakh-crore-mark, making it the largest in the industry.

Following the Reserve Bank of India's announcement to hike its repo rate by 0.5 per cent to take it to 5.90 per cent, the State Bank of India has raised its loan rates by 50 basis points.

State Bank of India (SBI) on Monday raised its benchmark lending rates by up to 50 basis points (or 0.5 per cent), a move that will lead to an increase in EMIs for borrowers.

The country's largest lender State Bank of India has decided to increase its marginal cost of lending rate (MCLR) on loans by 10 basis points or 0.10 per cent effective from July 15, 2022.

The Enforcement Directorate (ED) today said it has arrested a Kolkata-based businessman under the anti-money laundering law for allegedly defrauding State Bank of India of Rs 95 crore.

"We cannot have a system where we have a 20% growth year-on-year on MSME and retail and then an NPA (ratio) which will remain below 1% for retail," Ashwini Kumar Tiwari, managing director at State Bank of India said.

Adani Ports and Special Economic Zone has repaid Rs 1,500 crore loan and will repay another Rs 1,000 crore in commercial papers due in March.

Several banks to increase their lending interest rates, making loans costlier for borrowers.

SBI chairman Dinesh Khara said the bank does not envisage the ports-to-mining group facing any challenge to service its debt obligations and stressed that SBI has not given any loans against shares to the group.

The CBI has charged three Jalgaon-based jewellery companies for alleged loan fraud of over Rs 352 crore in the State Bank of India, officials said on Wednesday.

SBI Chairman Dinesh Kumar Khara stressed that the Rs 5 lakh crore excludes housing loans, where the bank has the numero uno position in the market.

State Bank of India has raised the marginal cost of funds-based lending rate (MCLR) by 15 basis points across tenors, making most consumer loans costlier for borrowers.

State Bank of India (SBI), the country's largest lender, expects credit growth to remain in double-digits while it steps up efforts to attract more deposits, where it sees growth in line with the sector.

State Bank of India (SBI) on Saturday said its standalone profit jumped 74 per cent to Rs 13,265 crore in the second quarter of FY23, aided by lower bad loans and higher interest income.

Sate-owned SBI and private lenders Kotak Mahindra Bank and Federal Bank have hiked their lending rates.

The nation's largest lender State Bank on Wednesday said its home loan book has surpassed the Rs 6-lakh-crore-mark, making it the largest in the industry.

Following the Reserve Bank of India's announcement to hike its repo rate by 0.5 per cent to take it to 5.90 per cent, the State Bank of India has raised its loan rates by 50 basis points.

State Bank of India (SBI) on Monday raised its benchmark lending rates by up to 50 basis points (or 0.5 per cent), a move that will lead to an increase in EMIs for borrowers.

The country's largest lender State Bank of India has decided to increase its marginal cost of lending rate (MCLR) on loans by 10 basis points or 0.10 per cent effective from July 15, 2022.