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CBI files case against Kanishk Gold in 824.15 crore scam

The CBI has begun its questioning of those involved in the Kanishk Gold scam. It started with the directors of the company, Bhoopesh Kumar...

Charges reduced on the non-maintenance of minimum balance by SBI

The State Bank of India has reduced charges in case the customers are unable to maintain an average monthly balance in their Savings Account...

Sensex, Nifty trade firm PSU banks weak; SBI dips 1.4%

The domestic indices were trading in range on Friday taking cues from their Asian counterparts. Among sectoral indices, the Nifty PSU Bank index was trading...
State Bank Of India

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...
State Bank Of India

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....
State Bank Of India

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...
State Bank Of India

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 significant impact on SBI's cost of funds, either.

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.
State Bank Of India

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.
State Bank Of India

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%.