Tag archive for ‘SBI’
By Loknath Das On Tuesday, March 20th, 2018

SBI approaches Supreme Court to challenge Anil Ambani’s Rcom asset sale halt

State Bank of India, the country’s largest lender, has approached the apex court to challenge decisions that halted the sale of assets by Anil Ambani’s indebted telecom unit, which is seeking to pare a $7 billion More...

By Loknath Das On Wednesday, November 22nd, 2017

SBI Launches Two Saving Accounts Meant For Children

SBI’s two savings accounts for children are known as Pehla Kadam and Pehli Udaan The State Bank of India (SBI) on Tuesday rolled out two saving accounts meant for children under the age of 18. One plan More...

By Loknath Das On Monday, September 25th, 2017

SBI lowers minimum balance to Rs 3,000, exempts pensioners and minors

The country’s largest lender State Bank of India on Monday lowered the minimum average monthly balance (MAB) requirement in a savings account to Rs 3,000 from Rs 5,000 and also revised downwards penalties for More...

By Loknath Das On Friday, September 22nd, 2017

SBI launches India’s first bond index series at London Stock Exchange

State Bank of India (SBI) on Friday launched India’s first bond index series for overseas investors at the London Stock Exchange (LSE). The FTSE SBI Bond Index Series, launched by India’s largest commercial More...

By Loknath Das On Thursday, September 21st, 2017

This SBI Account Has No Minimum Balance Charges But Offers Same Interest Rate

SBI in a Twitter post said that its Basic Savings Bank Deposit accounts offer same interest rates as its other savings bank accounts but do not charge any penalty for not maintaining monthly average balance. The More...

By Loknath Das On Tuesday, September 19th, 2017

Fines From Minimum Balance Defaults To Amount Rs. 2,000 Crore, Says SBI

New Delhi: State Bank of India (SBI) expects to collect Rs. 2,000 crore as penalty on savings bank accounts which have failed to maintain a minimum balance, a sum which may be used to partly cover the costs incurred More...

By Loknath Das On Monday, September 18th, 2017

Slippages To Be ‘Under Control’ In Coming Quarters: SBI

Kolkata: The State Bank of India (SBI) is expecting that slippages will be “under control” in the coming quarters, an official said here on Saturday. “The fresh slippages have started tapering More...

By Loknath Das On Friday, August 25th, 2017

SBI Chief Says Mergers Can Reduce PSU Banks’ Need For Government Capital

Mumbai: State Bank of India chairperson Arundhati Bhattacharya on Tuesday called for more consolidation among the public sector banks, saying this could reduce their dependence on government for capital. The statement More...

By Loknath Das On Saturday, August 5th, 2017

After SBI, Bank of Baroda cuts interest on savings account by 50 basis points

Within days of SBI slashing interest rate on savings bank account, another PSU bank — Bank of Baroda — has followed suit, cutting it to 3.5% on deposits of up to Rs 50 lakh. “We wish to inform you More...

By Loknath Das On Wednesday, August 2nd, 2017

SBI cuts interest rates for savings accounts by 0.5% to 3.5%

New Delhi: India’s largest lender SBI on Monday announced a 0.5 percent (50 basis points) cut in interest rates for savings bank deposits, effective immediately. According to the new structure, for saving More...