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.
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
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.
A committee headed by Patel recommended retail inflation targeting and a monetary policy committee.
The bank has over 1.15 crore registered mobile banking customers.
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.
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.
Banks lend 60,000 cr in 8 weeks since Nov 8; Y-o-Y credit expansion slows further.
'SBI Exclusif' and 'SBI InCube' were rolled out in Bengaluru.
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.
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.
Barring stray references such as the 'dual control' of banks and shifting the goalposts during demonetisation, he is not in a fault-finding mode with the government, notes Tamal Bandyopadhyay.
RBI has cut policy rate thrice during 2015.
There is enough cash available with banks and all arrangements have been made to reach the currency notes all over the country, RBI said.
As on June 16, currency in circulation was Rs 15.29 lakh cr, or 86.2% of pre-note ban level
The RBI left the policy rates unchanged in Tuesday''s sixth bi-monthly monetary policy review.
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India Inc raised various issues to increase trade flows in sectors like pharmaceuticals, banking, energy and infrastructure
Saudi Aramco chairman and head of the Kingdom's cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a $15 billion deal. Reliance chairman and Asia's richest man Mukesh Ambani, who had two years back disclosed the talks to sell a 20 per cent stake in the company's oil-to-chemical unit to Saudi Aramco, announced the appointment of Al-Rumayyan at the company's annual meeting of shareholders. Harvard educated Al-Rumayyan, 51, will replace Yogendra P Trivedi, 92, who has expressed a desire to retire, Ambani said. On the sale of a 20 per cent stake in the O2C business, he said the deal is likely to conclude this year.
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.
Traditionally, Prime Minister picks the RBI Governor after consultation with the finance minister.
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.
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.
Prasad also said India will be a $1 trillion opportunity for digital companies in five years
As the WEF summit draws to a close on Saturday, a few big names from India including Mukesh Ambani and Anand Mahindra were missing in action while Pakistan Prime Minister Nawaz Sharif and Jordan's King Abdullah II were among global leaders who cancelled their trips at the last moment.
Why are investors gung-ho about State Bank? asks Tamal Bandyopadhyay.
Days before US President Barack Obama's high-powered visit here, the US-India CEO Forum has been reconstituted with Cyrus Mistry replacing Ratan Tata as its co-chairman
ICICI Bank chief Chanda Kochhar on Wednesday said "disruption" will happen in the industry due to technology and not because of the entry of new entities in the market.
She pocketed Rs 9.12 crore as remuneration in FY16
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