The bank's response came to a clarification sought by stock exchange on recent reports on debit cards blocking in the wake of suspected data breach
SBI was slow in filing and following up on winding-up cases.
The State Bank of India, the country's largest commercial bank, will open its first branch in Australia this week to further promote trade and economic cooperation between the two countries.
The central government plans to set up a group of public sector banks headed by State Bank of India (SBI), which would brainstorm on ways to make low-cost funding available for power projects that are being set up under the National Solar Mission.
The new recruits would be deployed for marketing, banking and advisory services. The duties involve extensive travelling, SBI said in an advertisement calling for applications from candidates.
The lower interest rates charged by the State Bank of India (SBI) are contributing to a growth in its home loan portfolio at a time when the sky-rocketing real estate prices have slowed the credit demand. While fresh loans for buying houses are growing albeit at slow pace, buying out other banks' home loans is helping the public sector bank to strengthen its home loan book.
Be wary of co-operative banks which have historically been most vulnerable.
SBI chief Rajnish Kumar said the focus going forward will be on cost reduction, rationalisation and reskilling of workforce, improving staff productivity and redeployment of workforce from admin offices to sales roles.
The consortium of 17 banks, led by SBI, has an outstanding of over Rs 7,000 crore (Rs 70 billion) from the carrier but has shares of listed entities like United Spirits as collaterals which should realise Rs 500 crore (Rs 5 billion).
The bank has agreed to provide up to $1 billion to Tata Steel's special purpose vehicle, Tata Steel UK, to refinance $7.2 billion of bridge loans taken for the biggest buyout by an Indian company.
The consortium might get about Rs 1,000.
In a major step, SBI Capital Markets, India's leading investment banker, has decided to enter commodity broking and expand aggressively its online equity trading to take on competition from ICICI in the sector.
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.
One of the MDs, R Sridharan, is focusing on associates and subsidiaries. Another managing director, S K Bhattacharyya, who retired in October, 2010, was the chief credit risk officer.
While there is more than one irritant that the bank and the insurer are trying to sort out, sources close to the development said the biggest roadblock is the rights that IAG will enjoy if the proposed venture gets a go-ahead from the SBI board. The issues are likely to be discussed at the board's meeting on Friday.
State Bank of India will lend about Rs 20,000 crore (Rs 200 billion) for operators participating in the auction for third-generation (3G) spectrum, SBI Chairman OP Bhatt said.
State Bank of India, the country's largest lender, is on an outsourcing overdrive. After outsourcing the back-office work in foreign offices, the bank has now decided to rope in external agencies to set up automated teller machines to save on capital expenditure and reduce the rollout time. It plans to initially outsource 500 ATMs to vendors, including original equipment manufacturers.
To cash in on its huge branch network and client base, State Bank of India is all set to start wealth management business and financial planning services.
The State Bank of India on Thursday successfully raised $1.25 billion from an overseas dollar-denominated bond sale, making it the single largest issue from the domestic banking in recent years.
Government asks banks to furnish capital, ratings and NPA details.
With the rise in interest rates, bond yields have been on the rise; this will dent banks' treasury profits. Also, many retail borrowers may find it difficult to service their loans when the loan rates rise, points out Tamal Bandyopadhyay.
Rising rates prompt extension by 10 more years; others may follow suit.
'We have collected Rs 83,702 crore in deposits in five days.'
While removing the slab of up to five years, SBI would now charge an interest of nine per cent and 9.25 per cent on floating and fixed basis respectively for loans up to 10 years, a top SBI official said
The State Bank of India has transferred 37 per cent of its stake in SBI Mutual Fund to French financial major Societe Generale Asset Management.
The State Bank of India (SBI) is setting up a Rs 500-crore (Rs 5 billion) private equity (PE) fund to cater to the small and medium enterprise (SME) sector.
State Bank of India has no plans to hike its corporate lending rates in the short term, but said there was a chance of home loan rates going up after Reserve Bank of India tightened norms for the housing sector.
Amid the displeasure expressed by the regulators and judiciary on high-handedness of agents hired by banks to recover loans, the country's biggest lender -- State Bank of India -- is planning to hire 3,000 marketing and recovery officers in its second such recruitment drive in less than a year.
The amount would enable the banking behemoth to fuel its business plans, particularly in the face of rising competition from private and overseas rivals with deep pockets.
Pratip Chaudhuri, SBI chairman, feels that the airlines should bring the amount to the table.
Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs 2.05 lakh crore, a highest of 6,811 cases were reported by the ICICI Bank.
The Yes Bank Reconstruction Scheme 2020, shall come into force on March 13, the gazette notification said.
SBI said it could give discount to new housing credit seekers and might cut home loan rates. SBI is currently offering home loans at 12.75 per cent on fixed interest rate basis. The floating interest rate ranges between 10.75-11.25 per cent.
Claims to have the lowest base rate in the market.
"Fresh viability is there for everyone to see. If they [Kingfisher] get more equity, the company is viable," SBI Chairman Pratip Chaudhuri said.
The SBI auction will be the biggest nationwide online sale.
'Consolidation was part of the Indradhanush package.'
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