The bank's asset-liability management committee has reviewed the existing MCLRs and decided for a downward revision of MCLRs by 5 bps across different tenors, it said in a regulatory filing.
The reports claimed that SBI has written off bad loans worth Rs 76,600 crore of 220 defaulters who owed more than Rs 100 crore each.
SBI Home Loan Processing Fee: India's largest lender State Bank of India (SBI) is likely to charge processing fees for home loans borrowers, top-up plans and corporate and builder loans.
In this financial year, SBI has cut its MCLR or minimum lending rate for the sixth time. However, the rate reduction is not applicable to repo-linked loans.
The CBI has booked the CMD and the CEO of Mumbai-based ground handling company Livewel Air Team Pvt Ltd for allegedly cheating State Bank of India to the tune of Rs 70 crore by submitting forged documents for availing loans which remained unpaid, officials said on Wednesday.
This is the sixth time that the country’s largest lender has cut its MCLR or minimum lending rate in the current financial year. The rate reduction is not applicable to the repo-linked loans.
SBI KYC Online: Nowadays, Know your customer or KYC has become an important part of the banking system as per the RBI's norms. In fact, not adhering to KYC norms can also lead to heavy penalties being slapped on the offending banks.
SBI Debit Card users alert: In what comes as good news for account holders of State Bank of India, the country’s largest lender on October 7 launched the ‘Debit Card EMI facility’ for its existing customers with an aim to provide an ultimate and affordable shopping experience this festive season.
Bank ATM users alert: Bank of Baroda (BoB) and State Bank of India (SBI) have put cash withdrawal limitations for customers at micro-ATM terminals of other banks, in a move that would majorly impact banking services in rural areas.
In a bid to reach out to people across remote areas, the Public Sector Banks, including the State Bank of India will reach out to people by organising 'credit shamianas' for easy disbursal of loans. The move was a brainchild of finance minister Nirmala Sitharaman and is aimed to help farmers across the country.
SBI credit card holders alert! Are you India's largest public sector bank State Bank of India's (SBI) credit card holder? Then this news is important to you. SBI credit cardholders will not get to avail big benefit from today. Like earlier reports, State Bank of India (SBI) is the country's largest bank has decided to stop extending a big benefit to its credit cardholders.
SBI SCO Recruitment 2019: The State Bank of India (SBI) has extended the last date of applying for Specialist Cadre Officer (SCO) Recruitment examination 2019 to September 30, 2019.
SBI users alert! India's largest public sector bank, the State Bank of India (SBI) has issued an advisory and warned its account holders about threats from fraudsters who devise new tricks to dupe thousands of customers daily. This menace is not just limited to SBI. Here's what you must know to keep your hard-earned money safe:
The government unexpected move to massively slash corporate taxes by over 10 percentage points will result in savings of over Rs 50,000 crore to India Inc, according to an analysis by economists at State Bank.
Public Sector Bank Strike: If you are planning to carry out any important bank-related work on September 26 and 27, then you might have to do it before or post it as banking operations in key public sector banks are likely to be hit due to proposed strike of bank unions.
State Bank of India which is India's largest lender is set to launch its first branch at Dikshit in Nubra Valley. It will India's first branch located at an altitude of 10,310 ft. above the sea level in Ladakh
On maintenance of average monthly balance (AMB), starting October 1, SBI has reduced the minimum average monthly balance requirement for urban centers from Rs 5,000 to Rs 3,000.
Public sector lender State Bank on Monday announced yet another reduction in lending rates by 10 basis points across tenors.
In view of the falling interest rate scenario and surplus liquidity, SBI realigns its interest rate on Term Deposits with effect from August 26, 2019, SBI said in a statement.
India's one of the largest private lenders HDFC Bank has revised its home loan interest rates, right after SBI and RBI slashed their MCLR rate and repo rate respectively. This change has come into effect from August 14, 2019. With this reduction in interest rates, home loan EMIs at HDFC Bank has become cheaper. Among all who are willing to apply for a home loan, salaried women would enjoy most benefits.
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