State Bank Of India

CBI Recovers Over Rs 50 Lakh From Accused In SBI Bank Fraud Case

India News | Press Trust of India | Tuesday August 4, 2020

The CBI has recovered over Rs 50 lakh in cash during searches on Monday from one of the accused in a bank-fraud case against a real estate firm, who was recently charged by the central probe agency, officials said.

State Bank Of India Profit Surges 81% In June Quarter To Rs 4,189 Crore

Business | Edited By Abhishek Vasudev | Friday July 31, 2020

State Bank of India shares rose as much as 4.2 per cent to Rs 194.40 after the earnings announcement.

Sensex, Nifty Edge Lower In Choppy Trade; Reliance Industries Falls Nearly 2%

Business | Edited by Sandeep Singh (with inputs from agencies) | Friday July 31, 2020

State Bank of India and Indian Oil were scheduled to report their financial results for the April-June period later in the day.

June Retail Inflation Understated, Actual Figures Much Higher: SBI Report

Business | Edited by Abhik Deb | Thursday July 16, 2020

The report suggested that June retail inflation should come at 6.98 per cent, as opposed to the government's figure of 6.09 per cent

Teen Arrested For Attempt To Open Fake SBI Branch In Tamil Nadu

Tamil Nadu News | Press Trust of India | Sunday July 12, 2020

An alleged attempt by a 19-year-old man to "open a branch of the State Bank of India" in Tamil Nadu's Cuddalore district was scuttled and he was arrested for forgery, police said on Saturday.

COVID-19 Worst Health, Economic Crisis In Last 100 Years: Shaktikanta Das

Business | Edited by Sandeep Singh (with inputs from agencies) | Saturday July 11, 2020

COVID-19 is the worst health and economic crisis in last 100 years, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Saturday. "The outbreak of COVID-19 pandemic is unambiguously the worst health and economic crisis in the last 100 years during peacetime with unprecedented negative consequences for output, jobs and well-being," he said,...

Punjab National Bank Falls on Reporting DHFL's Rs 3,689 Crore Loan As Fraud

Business | Edited By Abhishek Vasudev | Friday July 10, 2020

Other banks including State Bank of India and Union Bank have also reported DHFL's accounts as fraudulent.

SBI's Northeast Head Office Sealed After Spike In COVID-19 Cases Among Staff

India News | Press Trust of India | Thursday July 9, 2020

The State Bank of India's North East Head Office in Assam's Guwahati was sealed indefinitely on Thursday after five more employees tested positive for novel coronavirus in the last two days, officials said.

Yes Bank To Raise Rs 15,000 Crore Via Further Public Offering, Shares Rise 1%

Business | Edited by Abhik Deb | Thursday July 9, 2020

Yes Bank's offer will open on July 15 and close on July 17 and the equity shares will be offered at a face value of Rs 2 apiece

Indian Banks Pursue Vijay Mallya's Bankruptcy Order In UK Court: Report

India News | Press Trust of India | Wednesday July 8, 2020

A consortium of Indian banks led by the State Bank of India (SBI) are pursuing their bankruptcy order against liquor tycoon Vijay Mallya in the High Court in England, as they seek to establish that any settlement offer made by him is now "dead in the water".

SBI To Invest Further Rs 1,760 Crore In Yes Bank

Business | Edited by Abhik Deb | Wednesday July 8, 2020

In March this year, the SBI board had approved an investment of Rs 7,250 crore in Yes Bank

State Bank Of India Cuts Key Interest Rate For Loans Up To 3 Months

Business | Edited by Sandeep Singh | Wednesday July 8, 2020

With this, SBI said its Marginal Cost-based Lending Rate continues to be at the lowest level in the market.

Want To Open Bank Fixed Deposit Account? Here Are Interest Rates Offered By Top Banks

Business | Edited by Abhishek | Tuesday July 7, 2020

State Bank of India - offers interest rate in the range of 2.90-5.40 per cent on its fixed deposit scheme for a period of 7 days to 10 years.

Case Against Chennai Firm For Allegedly Cheating SBI Of Over Rs 88 Crore

Tamil Nadu News | Press Trust of India | Tuesday July 7, 2020

The CBI has booked Chennai-based Thangam Steels Ltd and its promoter directors for allegedly cheating the State Bank of India to the tune of over Rs 88 crore, officials said on Monday.

SBI General Insurance Unveils New Logo, Tagline

Business | Edited by Abhik | Thursday July 2, 2020

SBI General Insurance is a joint venture insurance company, with the country's largest lender State Bank of India (SBI) holding the majority stakes