Mumbai/IBNS: The Government will face stiff challenges in the Budget FY24 to stick to the road map for fiscal consolidation, amidst a global environment of declining inflation, according to a report by SBI’s Group Chief Economic Adviser.
SBI signs MoU with WDRA for financing against e-NWR
Kolkata: India's largest lender State Bank of India (SBI), has exchanged a Memorandum of Understanding (MoU) with Warehousing Development and Regulatory Authority (WDRA).
Govt extends the term of SBI MD Challa Sreenivasulu Setty by 2 yrs
Mumbai/IBNS: The government has extended the tenure of State Bank of India (SBI) Managing Director Challa Sreenivasulu Setty for two more years with effect from January 20.
SBI Funds Management Ltd appoints Shamsher Singh as MD & CEO
New Delhi/IBNS: SBI Funds Management Limited (SBIFML), a joint venture between the State Bank of India and Amundi, Europe’s largest asset manager, Thursday announced the appointment of Shamsher Singh as MD & CEO of SBI Funds Management Limited.
SBI to raise Rs 10,000 cr via AT1 bonds to support biz growth
Mumbai/IBNS: State Bank of India (SBI) is looking to raise Rs 10,000 crore via additional tier - 1 (AT1) bonds until March 2024, to fund business growth.
SBI Q2FY23 net profit soars 74 pc YOY to Rs 13,265 crore
India's largest lender State Bank of India (SBI) reported a 74 percent year-on-year (Y-O-Y) jump in Q2Fy23 net profit to Rs 13,265 crore compared to Rs 7,627 crore in Q2FY22.
SBI Life Insurance registers New Business Premium of Rs 13,000 cr in Q3FY23
SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of Rs 13,088 crores for the period ended on September 30, 2022 vis-a-vis Rs 10,288 crores for the period ended September 30, 2021.
SBI increases retail term deposit interest rates up to 80 bps
State Bank of India (SBI), the country’s largest lender has revised the retail term deposits (deposit below Rs 2.00 crore) interest rates upward (up to 80 bps), effective from October 22, 2022.
SBI increases saving bank interest rates by 0.30 percent for deposits of Rs. 10 Crore and above
New Delhi: State Bank of India, the largest bank in the country, has announced that it has increased the interest rates on saving bank deposits by 0.30% (30 bps) for the balance Rs. 10 crore and above.
SBI, BSE & Mission Youth join to train 5000 J&K youth in Banking & Insurance Sector: LG Manoj Sinha
Srinagar: Jammu and Kashmir Lieutenant Governor Manoj Sinha on Sunday lauded the efforts of Mission Youth, Bombay Stock Exchange (BSE) and State Bank of India (SBI) for coming together to provide a vibrant medium to train and empower 5000 J&K youth in Banking, Financial Services & Insurance (BFSI) Sector.
Kolkata: SBI Life Insurance,a life insurer in the country, registered a New Business Premium of Rs.5,591 crores for the quarter ended on June 30 vis-a-vis Rs.3,345 crores for the quarter ended June 30, 2021.
SBI renews MoU with Indian Air Force for Defence Salary Package
Mumbai: India's largest public-sector lender, State Bank of India (SBI) has renewed the Memorandum of Understanding (MoU) with the Indian Air Force, to offer a specially curated bouquet of benefits and features to all the serving and retired Air Force Personnel and their families through its unique Defence Salary Package (DSP) Scheme.
SBI's gold loan portfolio crosses Rs 1 lakh cr for the first time
State Bank of India's gold loan portfolio has swelled to over Rs 1 lakh crore for the first time, chairman Dinesh Khara said.
Financialization of women proceeding at a rapid pace: Senior SBI official
Kolkata/UNI: With the advent of Pradhan Mantri Jan-Dhan Yojana (PMJDY), the financialization of women is gaining traction, according to Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India.
Mumbai: After rising to a 95-month (almost 8 years) high to 7.79 percent in Apr’22, CPI inflation moderated to 7.04% in May’22 due to broad-based deceleration. Core CPI also moderated in May to 6.09% as compared to 6.97% in Apr’22, State Bank of India’s Economic Research Department said Monday.