SBI
SBI, PNB hike retail lending rates by 20bps
03 Mar 2018
State Bank of India hikes deposit rates by 0.75%
01 Mar 2018
SBI, UBI share $500 mn of the $1.77 bn Nirav Modi-fraud on PNB
17 Feb 2018
The Punjab National Bank scam involving a Rs11,300 crore fraud by global jeweller Nirav Modi could balloon into a much larger banking industry scam after investigating agencies extended probe to other major jewellers and banks
Banks raise Rs2,320 cr as fine on low balance accounts in Apr-November
02 Jan 2018
State Bank of India alone accounted for Rs1,771 crore, or more than half of the total Rs2,320-cr penalty that banks imposed on customers who failed to maintain minimum account balance
SBI reduces interest on fixed deposits
04 Oct 2017
SBI lowers minimum balance requirement to Rs3,000, cuts penalties
26 Sep 2017
The bank has also exempted pensioners, beneficiaries of social benefits from government and minors from the requirement of minimum balance in savings account
SBI staff count down 6,622 in fiscal first quarter
16 Aug 2017
While 7,247 employees exited the bank in the first quarter of FY18, CBI added about 625 personnel in the first quarter, reducing the total headcount to 2,73,181
SBI first-quarter net profit falls 20.4% to Rs2,006 cr
12 Aug 2017
Profit on the consolidated banks' accounts rose 435 per cent to Rs2,006 crore, from Rs374 crore net a year earlier, chairman Arundhati Bhattacharya told reporters
SBI cuts rates on savings accounts below Rs1 cr to 3.5%
01 Aug 2017
The 50 basis point reduction in deposit rate has become necessary following the reduction in lending rates, especially in agriculture and affordable housing, SBI stated
Demonetisation may have lasting adverse impact: SBI
12 Jun 2017
The long-term impact of demonetisation on the Indian economy and the banking sector is uncertain, SBI told institutional investors prior to its Rs15,000-crore share sale, and it could also result in an increase in compliance costs and higher incidents of fraud
State Bank of India raises Rs15,000 cr in India's largest QIP
06 Jun 2017
NPA-laden SBI has so far raised over Rs30,000 crore from government contributions and qualified institutional placement of shares over the last three years
SBI picks 6 banks to manage Rs15,000-cr share sale
26 May 2017
Cash-strapped SBI also put up assets worth over Rs1,471 crore, including a Rs807-crore loan account of Kolkata-based Adhunik Power and Natural Resources Ltd and equity worth close to Rs200 crore
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