Tag Archives: State Bank of India
In Q3 SBI Projects Net Loss Of Rs 2,416 Crore; Is Bad Loans Assassinating Country’s Economy?
India's largest bank, State Bank of India (SBI), on Friday said it closed the third quarter of the current fiscal with a net loss of Rs 2,416.37 crore. In a regulatory filing to the BSE, the bank said it had posted a net loss of Rs 2,416.37 crore for the quarter ended on December 31 as against a ..
SBI Deploys Microsoft Office 365 Across Its Network
The State Bank of India (SBI) has deployed Microsoft Office 365 to improve communication and collaboration among its workforce. This is one of the largest deployments of Office 365 in India, spanning SBI's countrywide network of 23,423 branches, enabling 263,000 employees and servicing more than ..
SBI reduces Lending Rates On Home And Vehicle Loans
India's largest lender State Bank of India (SBI) on Thursday announced reduction of interest rates on home and automobile loans by five basis points (bps). In a statement issued here the bank said, it has reduced home loan interest rates to 8.30 per cent. Similarly, automobile loan is now offe..
Penalty From Accounts To Partly Fund Aadhaar Linkage Costs: SB
State Bank of India (SBI) expects to collect Rs 2,000 crore as a penalty on savings bank accounts which have failed to maintain a minimum balance, a sum which may be used to partly cover the costs incurred on the linking of accounts with Aadhaar. The recent directive of the government to link all..
Strike Hits Bank Services In NCR
Banking services in the national capital region (NCR) were affected on Tuesday as lakhs of bank staff began their one-day pan-India strike against reforms in the banking sector, an official said. An official of the United Forum of Bank Unions (UFBU) -- the umbrella body of nine unions which..
Banking Strike: Commercial Operations In Maharashtra Paralysed
Over 150,000 bank employees in Maharashtra joined the nationwide banking strike, paralyzing all financial operations in the country's commercial capital, to demand redressal of various pending demands, a union official said here on Tuesday. The strike has hit all the 42,000 branches of 21 public ..
SBI’s Paid-Up Share Capital Rises To Rs 863 Crore
Lending major State Bank of India (SBI) on Monday said that its paid-up capital has increased to Rs 863.20 crore after its recent share placement through QIP. "Pursuant to the allotment of equity shares in the issue, the paid-up equity share capital of the bank stands increased from Rs 810,98,57,..
Basic Expenses Of Merger Will Be Behind Us, Expects SBI Chairman
India's largest public sector lender State Bank of India (SBI), which posted a net profit of Rs 2,815 crore in the last quarter of 2016-17, expects the basic expenses of merger of its associates with it would be behind now, its Chairman Arundhati Bhattacharya said here on Friday. "In respect to m..
SBI Net Profit Up 122.72% In Q4
Kolkata: India's largest public sector State Bank of India on Friday reported a 122.72 per cent increase in its net profit to Rs 2,815 crore in the last quarter of 2016-17 fiscal ended March 31. The SBI's net profit was Rs 1,264 crore in the same period in 2016. The bank's total income in the ..
Outrage In Kerala As SBI Levies Charges On ATM Withdrawals
A public outcry erupted in Kerala after the State Bank of India (SBI) announced that charges would be levied on all cash withdrawals from its ATMs from June onward. The bank's new order states that every time a SBI customer withdraws cash from an ATM a charge of Rs 25 would be levied and charges ..