India’s largest lender SBI was quite slow in procuring goods and services from government-owned GeM portal in 2022-23 and lagged behind smaller counterparts, including Canara […]
Tag: SBI
ACRE set to buy out SBI’s loans to road company in West Bengal
Ares SSG Capital-backed asset reconstruction company is set to acquire State Bank of India’s (SBI) road assets in an all-cash deal after eight-month-long negotiations, said […]
SBI looks to raise $500 million via dollar bonds
State Bank of India has sounded out international banks for a potential $500 million fundraise through a global bond issue, the timing of which has […]
CBIC may soon introduce automated system of publishing daily exchange rates for 22 currencies
New Delhi, The CBIC is likely to soon introduce a system of publishing daily currency exchange rates on the integrated customs portal, replacing the existing […]
Fasal ties up with SBI to help farmers get easy access to loans
Agri-tech company Fasal on Thursday announced its partnership with State Bank of India (SBI), aimed to provide farmers with easy access to capital. The partnership […]
SBI looks to raise up to $2 billion in FY24 via overseas bond sales
State Bank of India (SBI), the country’s biggest government-owned entity by market capitalisation, Monday said it plans to garner up to $2 billion in FY24 […]
SBI’s UPI, net banking services suffer due to server outage, users complain
The State Bank of India’s (SBI) UPI and net banking services were affected after the bank’s server reportedly faced an outage, according to media reports. […]
PSU bank stocks deliver up to 96% return in FY23. Will the magic repeat in next fiscal?
Beating much-fancied private sector peers by a wide margin, PSU bank stocks have turned out to be the top performing sector of FY22 on the […]
Supreme Court verdict on fraud loans may remove hurdles for lenders
Banks will have to set down a proper process, including a platform to hear the views of borrowers and accounts labelled as a fraud, even […]
Govt gave Rs 8,800 cr capital to SBI without the lender asking for it in FY18: CAG report
The Department of Financial Services (DFS) had given Rs 8,800 crore to State Bank of India as part of recapitalisation exercise without the country’s biggest […]