Delays in crucial PSU appointments a reflection of poor governance and political vested interests
The bank plans to launch a similar application on the mobile platform.
Reserve Bank of India Governor Raghuram Rajan took charge of India's central bank when the rupee seemed to be in a tailspin while the country was facing runaway inflation.
Arundhati Bhattacharya, chairman of country's largest lender State Bank of India said demonetisation of high value notes won't be a problem as the bank has done it before.
Indian society may be more advanced than we think it is, notes Ajit Balakrishnan.
While Chanda Kochhar got a pay of Rs 2.66 crore, Arundhati Bhattacharya took home only Rs 28.96 lakh
Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee
Unlike any other business, banking is a turf where the captain's role is the most critical. Often a bank is defined by the personality of the CEO who runs it. Both HDFC Bank and Kotak Mahindra Bank are the creation of their CEOs, notes Tamal Bandyopadhyay.
SBI's number of foreign offices increased from 186 in March 2013 to 190 in March 2014, in 36 countries.
Media reports said on Monday that the regulators have rejected the JV proposal citing the violation of trading norms and security scams by SG in overseas markets. SBI had entered into an agreement with Societe Generale Securities Services, a division of Societe Generale Group, in June this year to provide a range of security services like reporting, corporate actions, dividends collection and distribution, tax reclaim services among others.
Its revenue from operations, however, grew 8.3 per cent to Rs 14,541 crore during the period under review from Rs 13,423.4 crore in the same quarter last year.
The next chairman at the country's largest lender could enjoy a four-year tenure.
Country's largest lender the State Bank of India (SBI) will sell bad loans amounting to Rs 3,000 crore (Rs 30 billion) in the last quarter of the ongoing fiscal, the top official of the bank said on Saturday.
SBI's Bhattacharya is ranked second on the list, while ICICI's Kochhar is 5th and Axis's Sharma is 19th in the Fortune list
A committee headed by Patel recommended retail inflation targeting and a monetary policy committee.
The comments come about a week after PSU bank employee unions went to a four-day relay strike to press for early revision of wages.
The bank has over 1.15 crore registered mobile banking customers.
SBI offers reward points for various types of banking transactions.
Here is some background on the candidates seen as potential successors to Rajan at the RBI
Six Indian women have made it to Asia's most powerful women list released by Forbes.
Finance Minister Arun Jaitley who is in Davos to showcase India as an investment destination at the World Economic Forum (WEF), on Wednesday promised India has a "lot in the pipeline" for global investors even as he plans to take up with Switzerland the issue of black money stashed in banks there.
'SBI Exclusif' and 'SBI InCube' were rolled out in Bengaluru.
Banks lend 60,000 cr in 8 weeks since Nov 8; Y-o-Y credit expansion slows further.
The country's largest lender State Bank of India on Friday recorded a 99.6 per cent dip in consolidated net profit at Rs 20.7 crore for the September quarter on account of a 3-fold jump in bad loan provisioning.
SBI introduced this products three months after the Reserve Bank issued guidelines allowing minors over 10 years to operate bank savings accounts independently and use facilities such as automated teller machines and cheque books.
RBI has cut policy rate thrice during 2015.
A teaser loan is one where the lender offers a slightly lower rate in the initial years and then charges higher rates in later years.
There is enough cash available with banks and all arrangements have been made to reach the currency notes all over the country, RBI said.
The RBI left the policy rates unchanged in Tuesday''s sixth bi-monthly monetary policy review.
As on June 16, currency in circulation was Rs 15.29 lakh cr, or 86.2% of pre-note ban level
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India Inc raised various issues to increase trade flows in sectors like pharmaceuticals, banking, energy and infrastructure
The appointment will be made by Prime Minister Narendra Modi in consultation with Finance Minister Arun Jaitley.
'The rate cut will reduce the stress on customers and help the bank reduce its provisioning bill.'
The list acknowledges the 'inroads women are making in the business world'.
The RBI, which has been keeping rates at an elevated level citing high inflation, wants it to come down to 6 per cent by January 2016.
The stock was the top gainer among the blue-chips on both Sensex and Nifty.
State Bank of India's push among fellow bankers to appoint an external agency to run debt-heavy Bhushan Steel might not be smooth sailing.
Traditionally, Prime Minister picks the RBI Governor after consultation with the finance minister.
The bank will offer shares to employees at a discount from market price.
SBI blamed poor coal prices for the decision to turn down the loan request.
