Co-branding with e-tailers not up to expectations : SBI
The largest lender State Bank has said its tie-ups with various e-commerce players, including Snapdeal and Flipkart, have not yielded the desired results so far and is thus reworking the…
SBI to restructure UK operations under a new subsidiary
State Bank of India is set for a major restructuring of its business in the UK from April, India’s largest state-owned bank has said. SBI’s UK operations will transform into…
SBI reports about it’s loss; Net bed loans higher
The nation’s largest lender saw its net bad loans ratio spiking to 5.61% of advances, from 4.24% during the third quarter of 2017-18. State Bank of India (SBI) , India’s…
SBI raises interest rates on bulk deposits
The increase in bulk term deposits interest rates is realignment of rates as the competing banks were offering better interest rates on term deposits. The hike will not have any…
Lendingkart secures ₹25 crore debt funding from State Bank of India
Lendingkart has raised about ₹25 crore debt funding from SBI to expand its geographical reach to over 950 cities.
SBI gets smarter; to use blockchain for smart contracts, KYC verification
The group of 27 banks is planning to start these services as early as Next Month.
Public-sector banks, Sensex, Nifty surge post recapitalisation announcement
Post bank recapitalisation news by finance ministry, the banking sector saw huge surge and stocks were up by upto 30%.
Bank recapitalisation needs a solid plan from Government : Rajnish Kumar
Rajnish Kumar, the SBI chairman has stated that the government needs to come up with a solid plan to recapitalise banks.
Rajnish Kumar to be next SBI chief; to replace Arundhati Bhattacharya
Rajnish Kumar has been appointed as the next Chairman and Managing Director of State Bank of India. He will replace Arundhati Bhattacharya next week.
SEBI approves SBI Life Insurance IPO worth ₹8400 Crores
SBI Life Insurance has got approval from SEBI for its IPO worth ₹8400 Crores of 120 million secondary shares.