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State Bank of India (SBI)

SBI Amrit Kalash FD Scheme: With deadline extended to March 31, here's how much you can earn in this scheme

SBI Amrit Kalash FD Scheme: With deadline extended to March 31, here's how much you can earn in this scheme

Mon, Jan 01, 2024

State Bank of India's SBI Amrit Kalash Fixed Deposit (FD) scheme has attracted investor attention given its fixed interest rate, guaranteed return, and duration. The scheme was started for 400 days with December 31, 2023 as the deadline which has now been extended to March 31, 2024. As the Year 2024 begins, here is how much you can earn in this SBI FD scheme.

SBI FD Scheme: Rs 10 lakh will become Rs 20 lakh without any market risk; know how

SBI FD Scheme: Rs 10 lakh will become Rs 20 lakh without any market risk; know how

Thu, Dec 21, 2023

State Bank of India gives 3 per cent to 6.5 per cent annual interest to regular customers and 3.5 per cent to 7.5 per cent to senior citizens on fixed deposits (FDs) of different maturities.

SBI to sign 200 mln euro LoC with EIB for climate action projects

SBI to sign 200 mln euro LoC with EIB for climate action projects

Thu, Dec 21, 2023

State Bank of India (SBI) said it will sign a 200 million euro (about Rs 1,800 crore) Line of Credit (LoC) with the European Investment Bank (EIB) for supporting climate action projects in the country.

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SBI appoints Abhijit Chakravorty as SBI Card's CEO

SBI appoints Abhijit Chakravorty as SBI Card's CEO

Tue, Jul 11, 2023

SBI Card on Monday said its parent State Bank of India (SBI) has appointed Abhijit Chakravorty as Managing Director and CEO.

Finance Minister Nirmala Sitharaman to meet chiefs of public sector banks to review financial performance

Finance Minister Nirmala Sitharaman to meet chiefs of public sector banks to review financial performance

Tue, Jul 04, 2023

The public sector banks have come a long way from posting a total net loss of Rs 85,390 crore in 2017-18, to recording a profit of Rs 1,04,649 crore in 2022-23.

SBI pays record dividends to the government after a quantum leap in its last-quarter profit

SBI pays record dividends to the government after a quantum leap in its last-quarter profit

Sat, Jun 17, 2023

This is the highest dividend the State Bank of India has given in any financial year.

SBI, LIC, two other sponsors to dilute stake in UTI Mutual Fund

SBI, LIC, two other sponsors to dilute stake in UTI Mutual Fund

Thu, Jun 15, 2023

UTI Mutual fund is promoted by the State Bank of India (SBI), Life Insurance Corporation of India (LIC), Punjab National Bank (PNB) and Bank of Baroda (BoB), having a combined holding of 45.21 per cent in the paid-up capital.

'No tearing hurry': SAT stays IRDAI's order against Sahara India Life

'No tearing hurry': SAT stays IRDAI's order against Sahara India Life

Tue, Jun 13, 2023

The Securities Appellate Tribunal (SAT) on Wednesday said there was "no tearing hurry" for the Insurance Regulatory and Development Authority of India (IRDAI) to order the transfer of life insurance business of Sahara India Life Insurance Company Ltd to SBI Life Insurance Company Ltd.

SBI raises USD 750 million via bonds on India INX under its 10 billion MTN programme

SBI raises USD 750 million via bonds on India INX under its 10 billion MTN programme

Mon, May 29, 2023

The fund was raised at INX's Global Securities Market (GSM), GIFT International Financial Services Centre (IFSC) at Gandhinagar from global investors.

SBI General unveils Surety Bond Bima insurance product for infrastructure projects

SBI General unveils Surety Bond Bima insurance product for infrastructure projects

Tue, May 23, 2023

SBI General said that the product is designed to provide protection against breach of terms and conditions by the contractors either during the bidding stage or during the performance stage of a project.

Godrej Agrovet, SBI partner to offer loans to oil palm farmers

Godrej Agrovet, SBI partner to offer loans to oil palm farmers

Thu, May 18, 2023

Introduced with an objective of aiding oil palm growth by improving Fresh Fruit Bunches (FFB) productivity, it will act as a catalyst to maintain juvenile gardens during the gestation period of the first 5 years, Godrej Agrovet said in a statement.

Give banks an oversight over lending practices of NBFC borrowers: SBI MD

Give banks an oversight over lending practices of NBFC borrowers: SBI MD

Fri, May 12, 2023

Setty also said that SBI is not aggressively looking at increasing the 65,000 business correspondent network it has at the moment, but will focus more on urban and metros for expanding the network.

RBI asks banks to return unclaimed deposits of THESE bank account holders: Check details

RBI asks banks to return unclaimed deposits of THESE bank account holders: Check details

Fri, May 12, 2023

Reserve Bank launches ‘100 Days 100 Pays’ campaign to return account-holders' unclaimed deposits: The Reserve Bank of India has launched ‘100 Days 100 Pays’ campaign to return unclaimed deposits of bank account-holders in the country on Friday, May 12. On periodic intervals, Rese

SBI board gives the go-ahead to raise $2 billion from bonds in FY24

SBI board gives the go-ahead to raise $2 billion from bonds in FY24

Tue, Apr 18, 2023

The board of the bank on Tuesday approved the proposal to raise fund in "single or multiple tranches up to $2 billion ...Through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during FY 2023-24," SBI said in a regulatory filing.

Mahindra, SBI tie up for tractor, farm machinery financing

Mahindra, SBI tie up for tractor, farm machinery financing

Sun, Apr 09, 2023

Mahindra's farm equipment arm has tied up with State Bank of India to provide easy loan options on tractors and farm machinery products.

SBI loan fraud: SC permits bank to respond to reply of private firm chairperson accused of fraud

SBI loan fraud: SC permits bank to respond to reply of private firm chairperson accused of fraud

Fri, Apr 07, 2023

The top court had on March 16 taken up for urgent hearing the appeal of the State Bank of India against a Bombay High Court order permitting Gupta, the chairperson of Ushdev International Limited (UIL), to travel abroad on furnishing a personal undertaking that she will come back to face legal proceedings here.

SBI Server Down: State Bank of India says ‘technical glitches’ impacted online services

SBI Server Down: State Bank of India says ‘technical glitches’ impacted online services

Mon, Apr 03, 2023

The bank's clarification stated that the issue has since been resolved, and all digital services are back online. SBI expressed regret for the inconvenience caused to customers and assured them that measures are being taken to prevent such occurrences in the future.

Stocks to buy: SBI, Indian Hotels and LTIMindtree among 5 shares for up to 54% return

Stocks to buy: SBI, Indian Hotels and LTIMindtree among 5 shares for up to 54% return

Thu, Mar 16, 2023

Stocks to buy: Brokerage firms have recommended five stocks having the potential to yield up to 54 per cent return. One may consider the brokerage recommendations for positive yield.

Special FDs: Earn up to 8% interest on fixed deposits with THESE 5 banks till March 31

Special FDs: Earn up to 8% interest on fixed deposits with THESE 5 banks till March 31

Mon, Mar 13, 2023

Special FDs: As the Reserve Bank of India (RBI) has reeatedly hiked the repo rate, various public and private sector banks have increased the interest rate on fixed deposits (FD) as well.

SBI report calls Raghuram Rajan's remarks on Hindu rate of growth 'Ill-conceived, biased'

SBI report calls Raghuram Rajan's remarks on Hindu rate of growth 'Ill-conceived, biased'

Tue, Mar 07, 2023

Rajan said that the sequential slowdown in the quarterly growth, as revealed by the latest estimate of national income released by the National Statistical Office (NSO) last month, was worrying.

Recovery in markets make investors richer by Rs 3.20 lakh crore

Recovery in markets make investors richer by Rs 3.20 lakh crore

Wed, Mar 01, 2023

The BSE Sensex rallied 448.96 points or 0.76 per cent to settle at 59,411.08. During the day, it jumped 513.33 points or 0.87 per cent to 59,475.45. In the past eight days, the BSE benchmark tumbled 2,357.39 points or 3.84 per cent.

SBI enters social loan market; raises USD 1 bln from overseas markets

SBI enters social loan market; raises USD 1 bln from overseas markets

Tue, Feb 28, 2023

The deal is the largest ESG (Environmental, Social and Governance) loan by a commercial bank in the Asia Pacific and the second largest social loan globally, it added.

Top Gainers & Losers: ICICI Bank, SBI rally while Bajaj Auto cracks over 5%; know what brokerages recommend

Top Gainers & Losers: ICICI Bank, SBI rally while Bajaj Auto cracks over 5%; know what brokerages recommend

Mon, Feb 27, 2023

Gainers and Losers: Indian benchmark equity indices S&P BSE Sensex and NSE Nifty50 slid for a seventh straight session on Monday, recording the longest losing run in the past five months.

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