SBI Cards continued to beat rivals such as HDFC Bank in new card additions through better activation rates. While SBI Cards added more than 300,000 […]
Tag: SBI
Borrowers must be accorded hearing before declaration of bank account as fraud: SC
A borrower must be accorded a hearing before an account is classified as “fraud” and a reasoned order must follow if such an action is […]
SBI sells loan of Atibir Industries to CFM Asset Reconstruction Company
State Bank of India has sold ₹341 crore of principal loan outstanding from bankrupt Atibir Industries to CFM Asset Reconstruction Company for ₹250 crore through […]
Canara Bank sells stake in Russian joint venture to SBI for Rs 121 crore
Canara Bank on Thursday said it has sold its stake in Russian joint venture Commercial Indo Bank LLC (CIBL) to the other venture partner State […]
ACRE raises binding offer for debt of Visa Steel
Ares SSG Capital-backed Asset Care and Reconstruction Enterprise (ACRE) gave an improved revised binding offer to the State Bank of India (SBI) to buy the […]
Better financial health of RRBs prompts sponsor banks to explore listing them
Regional Rural Banks (RRBs), once considered laggards in the banking ecosystem, are slowly coming into their own. For the first time, banks are now considering […]
SBI enters social loan market; raises $1 bln from overseas markets
State Bank of India on Tuesday said it has concluded a landmark USD 1 billion syndicated social loan, making it the largest ESG loan raised […]
Indian banks may face rise in bad loans from retail, small businesses: SBI official
Indian banks could see an increase in bad loans in the retail and small business segments from its recent low levels, an official with the […]
SBI allows Bhim-based real-time payment with Singapore
A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced […]
SBI hikes MCLR-based lending rates by 10 bps
The nation’s largest lender State Bank of India on Wednesday marginally increased the short-term lending rates across overnight to three year maturities by 10 basis […]