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SBI News

13 Nov 2024

How To Change SBI Bank A/c From One Branch To Another Online – Steps Explained

SBI has made almost all its services online so that the customers do not have to go to the branch and do any work.

08 Nov 2024

SBI Q2 Net Profit Jumps 23 Pc To Rs 19,782 Crore

The consolidated net profit for the corresponding period last year stood at Rs 16,099 crore.

29 Oct 2024

Sensex Rises On 2nd Consecutive Day, SBI And ICICI Bank Top Gainers

Among the sectoral indices, PSU Bank, financial services, metal, realty, energy, pvt bank, PSE and services were major gainers. Auto, IT, Pharma, FMCG and consumption were major laggards.

17 Oct 2024

SBI, HDFC To PNB And More, Check Loan Lending Rates Offered By 10 Big Banks

Check out the current lending rates for loans offered by different public and private sector banks in India.

15 Oct 2024

SBI Slashes Loan Interest Rate By 25 bps On This Short-Term Tenure

SBI MCLR Loan Interest Rate: RBI implemented MCLR on 1 April 2016 to determine rates of interest for loans. Notably, the revised MCLR became effective on October 15.

08 Oct 2024

SEBI Clears NSDL IPO; IDBI Bank, SBI To Sell Stakes In OFS

The market watchdog issued an observation on Sept 30, for the company's public offering. In SEBI's parlance, obtaining the observation letter means its go-ahead to float the public issue.

State Bank of India

07 Oct 2024

MASSIVE Hiring In SBI; Bank To Recruit 10,000 New Employees, Open 600 Branches

The total staff strength of the SBI stood at 2,32,296 as of March 2024. Of this, 1,10,116 officers were on the rolls of the bank at the end of last fiscal.

State Bank of India

06 Oct 2024

SBI Plans To Increase Headcount By 10,000 This Financial Year

We are recruiting them for a variety of jobs in the technology side…So, in all, our current year requirement will be around 8,000 to 10,000 people.

Reserve Bank of India

03 Oct 2024

RBI Unlikely To Cut Rate As India's Growth Higher Than Potential Output: SBI

While some may have expected the RBI to lower rates in light of global developments, the SBI report suggests that robust domestic growth and the need for sustained credit growth could prompt the central bank to hold rates steady in the near term.

01 Oct 2024

SBI Card Launches Co-Branded Credit Card With Singapore Airlines

The joining and annual renewal fee for the KrisFlyer SBI Card is Rs 2,999 plus applicable taxes, and Rs 9,999 plus applicable taxes for the KrisFlyer SBI Card Apex.

20 Sep 2024

Maldives Thanks India For $50M Budgetary Support: Second Boost This Year

At the request of the Maldivian government, the State Bank of India (SBI) has subscribed the USD 50 million government Treasury Bills.

State Bank of India

18 Sep 2024

State Bank of India Raises Rs 7,500 Cr Via Basel III Compliant Tier 2 Bond

The bonds are issued for a tenor of 15 years, with call option after 10 years and each anniversary dates thereafter and are rated AAA with stable outlook from CRISIL Ratings Limited and CARE Ratings Limited.

05 Sep 2024

List Of Private, Public Sector Banks Offering High Interest Rates On 1-Year FD

All banks keep revising their Fixed deposit rates from time to time so that the investor's money can grow. Fixed deposits of banks in India, usually have 7 days as minimum tenure while the maximum tenures is 10 years.

31 Aug 2024

SBI Adjusts Full-Year GDP Growth to 7% After Q1 FY25 Hits 6.7%

According to a recent report by the State Bank of India (SBI), the moderation in India's GDP growth for the first quarter (Q1) of the financial year 2024-25 (FY25) is still higher than the average decadal growth of 6.4 per cent for Q1.

State Bank of India

30 Aug 2024

THESE 5 Special FD Schemes With High Interest Rates Are Ending On September 30

Banks had earlier introduced the scheme for a select period to provide senior citizens and regular customers with a chance to get better returns on their investments.

29 Aug 2024

Mule A/c Used For Rs 175 Cr Fraud In Hyderabad SBI Branch; Mastermind In Dubai

Cyber Security Bureau has advised people to avoid opening a bank account for someone else or carrying out any dubious transactions stating that if you have already opened a mule account, report it to 1930 or cybercrime.gov.in.

State Bank of India

28 Aug 2024

State Bank of India Raises Rs 7,500 Through Basel III Compliant Tier 2 Bond

The bonds are issued for a tenor of 15 years, with call option after 10 years and each anniversary dates thereafter.

25 Aug 2024

Top 9 Valued Firms Add ₹95,522 Cr in Market Cap; Reliance, TCS Lead

The Mcap of Bharti Airtel rallied by Rs 12,268.39 crore to Rs 8,57,392.26 crore and that of ICICI Bank by Rs 11,524.92 crore to Rs 8,47,640.11 crore.

20 Aug 2024

IDBI Hikes Fixed Deposit Interest Rates On THESE Tenures Vs SBI

IDBI Bank offers up to 7.85% on fixed deposits for select tenures, valid until September 30, 2024. SBI’s Amrit Kalash scheme provides 7.10%, with 7.60% for seniors.

State Bank of India

19 Aug 2024

Decline In Bank Deposits Due To Non-uniform Tax Treatment THIS Reason

SBI attributed the fall in deposits to the varied rates of return offered by different investment options for similar time frames and different tax rates on returns on deposits.

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