State-owned banks need to be recapitalised or given the alternative of capital conservation as one-year suspension under insolvency and bankruptcy code (IBC) provisions will affect the resolution of stressed accounts, says an SBI research report.
Non-life insurer SBI General Insurance on Tuesday announced the appointment of Prakash Chandra Kandpal as its new managing director and chief executive officer, effective July 20.
State Bank of India (SBI), the country’s largest lender will institute work from anywhere policy to facilitate its staff to work from any location. The bank expects to save Rs 1,000 crore from this measure.
Speaking at the 65th Annual General Meeting (AGM), Chairman Rajnish Kumar said: "The focus while going forward will be on cost reduction, rationalisation, and reskilling of workforce, improving staff productivity, and redeployment of workforce from admin offices to sales roles."
SBI Home Loan Rate: Are you State Bank of India (SBI) customer and planning to buy a dream home? Then here's good news for you as India's largest lender SBI is offering home loans at more affordable rates.
The National Company Law Tribunal (NCLT) on Tuesday reserved its order on the State Bank of India plea against Anil Ambani to recover over Rs 1,200 crore under the personal guarantee clause of the bankruptcy law.
State Bank of India is working on setting up an e-commerce portal for marketing of products manufactured by micro, small and medium enterprises (MSMEs) in the country, its chairman Rajnish Kumar said on Saturday.
SBI SO Recruitment 2020: The State Bank of India has invited online applications for the recruitment of 444 specialist cadre officers post, through its official website -- sbi.co.in.
After several other banks introduced a video-based customer identification process last one month, SBI Card on Monday announced the launch of Video Know Your Customer (VKYC) feature to ensure zero contact, hassle-free customer onboarding process.
The country's largest lender State Bank of India has invited applications from eligible candidates for the post of Chief Financial Officer (CFO) on contract basis at a salary package of Rs 1 crore, three times more than its chairman's.
The country's largest lender State Bank of India (SBI) on Wednesday said it will hold its general meeting on June 17, through video conferencing mode. In April, the corporate affairs ministry and market regulator Sebi had allowed companies to conduct their AGM/EGM through video conferencing
Shares of State Bank of India on Friday zoomed nearly 9 per cent after the company posted over four-fold jump in standalone net profit for March 2020 quarter.
The country's largest lender State Bank of India (SBI) has reduced interest rate on savings bank deposits by 5 basis points to 2.70 per cent per annum across all brackets.
Ashwini Bhatia has emerged as the frontrunner for the post of State Bank of India's managing director. Bhatia name for next SBI MD was recommended by the Banks Board Bureau (BBB) on Saturday. The Banks Board Bureau was formed by Prime Minister Modi in 2016 and acts as a headhunter for state-owned banks and financial institutions.
Interest rate on deposits in the five years to up to 10 years tenor will be 5.40 per cent compared to 5.70 per cent. For senior citizens also, interest rates on retail term deposits across all tenors have been cut by up to 40 basis points.
SBI on Wednesday said it has simplified the equated monthly instalment (EMI) deferment process for eligible borrowers who want to avail moratorium on term loan repayments.
As a caution and safety measure for customers, SBI has also advised the account holders to change the ATM PIN at regular intervals, cover ATM/POS keypad while entering the PIN, memorize the security transaction number rather than writing it down on the card or anywhere else.
Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, have already fled the country before the State Bank of India reached the agency with the complaint, officials said on Saturday.
State Bank of India (SBI) has raised its home loan rates that are linked to repo rate by up to 30 basis points, a move which may be followed by other lenders.
The country's largest lender SBI has increased its home loan rates that are linked to repo rate by up to 30 basis points amid market indications of increased credit risk for borrowers and realty firms in the wake of coronavirus pandemic, according to a senior official.
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