Despite headwinds, global economic activity remains resilient in Q1FY24: SBI report
Mumbai: Global economic activity remained resilient in the Q1FY24, driven mainly by the services sector, according to State Bank of India’s Group Chief Economic Adviser Dr Soumya Kanti Ghosh.
SBI Life Insurance launches ‘24X7 inbound contact centre’
SBI Life Insurance, a private life insurance company, launched its dedicated 24X7 inbound contact centre to address the before & after purchase queries related to comprehensive insurance solutions provided by the company.
SBI Q1FY24 profit jumps 178% YoY to Rs 16,884 cr; NII surges 25%
Mumbai: State Bank of India (SBI), the largest bank in India, surpassed market expectations with a massive 178.24% year-on-year (YoY) surge in its profit for the June 2023 quarter to Rs 16,884 crore.
SBI successfully raises Rs 10,000 cr via long-term infrastructure bond
Mumbai: India’s largest lender State Bank of India (SBI) on Monday successfully raised Rs 10,000 crore through its third infrastructure bond issuance at a coupon rate of 7.54 percent.
Centre appoints SBI veteran Swaminathan Janakiraman as RBI deputy governor
Mumbai: The government has appointed Swaminathan Jankiraman, the managing director of the State Bank of India (SBI), as the Deputy Governor of the Reserve Bank of India (RBI), an official notification said.
SBI to raise Rs 50,000 cr from Indian and overseas markets in FY24
Mumbai: The State Bank of India (SBI) on Friday announced its plan to raise up to Rs 50,000 crore through debt instruments during the current fiscal year.
IRDAI orders SBI Life Insurance to take over Sahara India Life Insurance business
New Delhi: Insurance Regulatory and Development Authority of India (IRDAI) has named SBI Life Insurance Company Limited (SBI Life) as the acquirer insurer of the life insurance business of Sahara India Life Insurance Co. Ltd (SILIC), media reports said.
Mumbai: Around 80% of the total Rs 2000 notes received are deposited and the rest 20% are exchanged for smaller denominations as per market trends. Even if a fraction of these trends is extrapolated at the banking level, the liquidity in the banking system will shoot much higher compared to previous estimates of around Rs 1 trillion bulge in deposits even if a fraction, said SBI Ecowrap report on Tuesday.
Mumbai: The withdrawal of 2000 rupee note is likely to be a non-event as digital payment in India has been witnessing new milestones, in both value and volume terms, indicating the robustness of our payment ecosystem and acceptance by a wide stratum of consumers, according to an SBI report.
SIIC, IIT Kanpur and SBI announce strategic collaboration to boost information security
New Delhi: The Startup Incubation and Innovation Centre (SIIC) of the Indian Institute of Technology Kanpur (IITK) and the State Bank of India signed a Memorandum of Understanding (MoU).
Mumbai: The Entrepreneurship Development Institute of India (EDII) has partnered with the State Bank of India Foundation (SBIF) for the skill development and training of 750 persons with disabilities (PwDs) under SBI’s Corporate Social Responsibility (CSR) project – Swavlamban.
Rs 2,000 notes Exchange: SBI issues guidelines to branches amid misinformation on social media
Mumbai: The State Bank of India has issued a guideline to all its branches, allowing them to exchange or accept deposits in Rs 2000 notes "without obtaining any requisition slip".
New Delhi: The National Company Law Appellate Tribunal (NCLAT) will hear a plea made by Jalan Kalrock Consortium (JKC), the successor to Jet Airways management, on May 22. JKC is seeking directions to prevent the State Bank of India (SBI) from invoking its bank guarantee of Rs 175 crore, media reports said.
Kolkata/IBNS: India's largest public sector lender State Bank of India on Thursday reported that its FY23 net profit crossed Rs 50,00 crore reaching Rs 50,232 crores, representing a YoY growth of 58.58%. The net profit for the fourth quarter also witnessed impressive growth, surging by 83.18% to Rs 16,695 crores.
Kolkata: Public sector major State Bank of India, acting through its London Branch, on Friday priced a 5-year US$750 million bond issuance at a coupon rate of 4.875 %.