Wed, Jan 17, 2024
In a shift of positions, Life Insurance Corporation of India (LIC) has regained its status as the most valued listed public sector undertaking (PSU) by market capitalisation, surpassing State Bank of India (SBI). As of Jan 17, LIC reached a market cap of Rs 5.64 lakh crore, exceeding SBI's Rs 5.63 lakh crore.
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Mon, Jan 15, 2024
According to IDBI Capital Markets, although economic momentum likely continued in the October-December period, the RBI’s regulatory action on unsecured portfolios could play spoilsport for the BFSI sector as a whole.
Sun, Jan 07, 2024
The infra lender posted record sanctions and disbursements at Rs 29,171 crore and Rs 13,826 crore, respectively.
Tue, Jan 26, 2021
SBI Mutual Fund has launched SBI Mutual Fund Retirement Benefit Scheme — a new fund offer (NFO), which can be bought till 3rd February 2021.
FD Calculator - SBI vs PNB vs Axis Bank: Fixed deposit (FD) is one of the most popular risk-free short-term investment options among the Indian investors.
Mon, Jan 25, 2021
SBI Green Pin is not only easy but convenient too. Customers can now generate debit card PIN through various channels like ATM, Internet Banking, IVR, and SMS. The Green PIN is a bank’s initiative to promote paperless personal banking
SBI share price outlook: Are you planning to invest in State Bank of India (SBI) stock? If yes, then you must know what triggers are impacting the stock now? Technical Analyst Nilesh Jain of Anand Rathi Securities gives complete short term and positional term strategy to investors
Fri, Jan 22, 2021
Massive rise in retail petrol, diesel prices crowded out other discretionary spends on credit cards in December, according a report by SBI Research.
Thu, Jan 21, 2021
SBI-Amazon offers: The State Bank of India (SBI) has come up with another offer for its customers. Those who have SBI card has amazing opportunity to get 10 per cent instant discount and cashback under its Republic Day offer.
Wed, Jan 20, 2021
The RBI on Tuesday said state-owned SBI, along with private sector lenders ICICI Bank and HDFC Bank continue to be Domestic Systemically Important Banks (D-SIBs) or institutions which are 'too big to fail'.
Tue, Jan 19, 2021
Bank Interest Rate: After the COVID-19 pandemic outbreak, Bank interest rate on saving accounts has been going down.
The State Bank of India (SBI) has released the SBI PO Prelims 2021 results. The candidates who had appeared in the SBI PO Prelims 2021 examination can check their result on the official website of SBI—sbi.co.in.
Mon, Jan 18, 2021
Sumeet Bagadia, Executive Director of Choice Broking recommends buying in SBI, ICICI Bank and Yes Bank for market participants. While SBI is the largest PSU Bank in the Banking Sector, ICICI Bank and Yes Bank are from the private banking space. The detailed technical analysis of the 3 stocks are highlighted below for better understanding of readers.
Fri, Jan 15, 2021
SBI FOREIGN CURRENCY BOND: State Bank of India (SBI) listed Foreign currency Bonds of $600 Million under its USD 10 Billion Global Medium Term Note Programme on India INX’s Global Securities Market (GSM).
Thu, Jan 14, 2021
SBI and HDFC Bank share prices: HSBC says in Q3 FY21, bank credit growth remained muted at 5-6% yoy. However, as the economy gradually started unlocking, banks saw credit growth recovering. Sales trends in housing, passenger vehicles and consumer durables have witnessed steady improvement. Deposit growth (at 11% yoy) has also remained robust despite the lower interest rates on offer. Movement in bank lending rates and deposit rates indicates stable NIMs. Fee income should improve sequentially on higher disbursements, but be partly offset by an increase in operating costs.
IRCTC SBI RuPay Credit Card comes packed with many features. The IRCTC SBI RuPay card was launched in July 2020 jointly by the State Bank of India (SBI), the Indian Railway Catering and Tourism Corporation (IRCTC) and the National Payments Corporation of India (NPCI).
SBI vs HDFC Bank vs ICICI Bank - Senior Citizen Special FD Scheme: SBI, HDFC Bank and ICICI Bank have extended this offer till 31st March 2021.
Motilal Oswal says while Liquidity and rates remain supportive; earnings are revived. Despite the COVID-related challenges, the Nifty has ended CY20 with a 15% return. A 80% reduction in active COVID-19 cases since Sep’20; strong corporate earnings in Sep’20, which resulted in upgrades; and faster than anticipated economic and demand recovery, along with a supportive liquidity and interest rate backdrop, have provided the necessary triggers. Economic indicators continue to turn positive which could start the next upgrade cycle and liquidity flows across Emerging Markets could remain strong which bodes well for Indian markets.
Tue, Jan 12, 2021
Private banks continued to make good progress in increasing their share in CASA deposits, although the pace has slowed down in the past few years. However, they continue to make significant share gains in term deposits. PSU banks have ceded 250 bps market share in term deposits and 80 bps in CASA deposits in FY2020. Private banks and SFBs (Small Finance Banks) accounted for most of the gains although foreign banks have seen an improvement in current account deposits. Steady expansion and focus coupled with better products and interest rates have helped private banks gain market share.
Mon, Jan 11, 2021
SBI Senior Citizen Saving Scheme: Apart from ICICI Bank and HDFC Bank, the State Bank of India (SBI) has also increased the deadline for Senior Citizen Special Fixed Deposit Scheme 'We Care' from 31st December 2020 to 31st December 2021.
SBI FD Interest Rates: The State Bank of India (SBI) has revised its fixed deposit (FD) interest rates in select maturity tenor. The new SBI FD rates have become applicable from 8th January 2020 on all retail FDs less than Rs 2 crore.
Some good news is expected in Jain Irrigation, resolution plan has been approved after discussion with the lenders and debt restructuring will happen in the company. SBI is the lead banker and the resolution plan has been approved. Promoter funding of upto Rs 130 cr expected in Jain Irrigation and they will infuse the amount in the company. Condition on which the resolution has been approved is indeed interesting. Notably, overall restructuring is going to happen in Jain Irrigation.
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