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SBI to conduct property e-auction tomorrow: Here’s what you need to know
By hindustantimes.com | Edited by Mallika Soni
UPDATED ON MAR 04, 2021 08:34 PM IST
- As per SBI’s official website, the properties that are included in the auctions are those of defaulters who failed to pay their dues.
Gearing up to initiate co-lending model for home loans: SBI
PTI, Mumbai
UPDATED ON FEB 10, 2021 09:31 PM IST
"The bank is gearing up to initiate a co-lending model for home loans which will help boost SBI's footprints in the unorganised sector," SBI said. Earlier in the day, SBI crossed the ₹5 lakh crore mark in its home loan business and expects to double the portfolio in the next five years.
India's largest lender SBI plans to double its home loan portfolio in five years
Reuters, Mumbai
PUBLISHED ON FEB 10, 2021 03:21 PM IST
- At a time when several other lenders have seen stress in their retail loan portfolios, SBI has dismissed such concerns and emphasised its plans to focus on the sector. The current customer base, with a focus on salaried employees, has managed to keep bad loans in the segment in check.
SBI Q3 net profit falls 7% to ₹5,196 crore
PTI
PUBLISHED ON FEB 04, 2021 02:52 PM IST
The bank's asset quality improved substantially as the gross non-performing assets fell to 4.77 per cent of the gross advances as of December 31, 2020 from 6.94 per cent in the corresponding period a year ago.
SBI announces up to 30 bps concession on home loans rates
By Press Trust of India | Posted by Srivatsan K C | Mumbai
PUBLISHED ON JAN 08, 2021 02:45 PM IST
The new home loan interest rates are linked to CIBIL score and start from 6.80 per cent for loans up to Rs 30 lakh and 6.95 per cent for loans above Rs 30 lakh, a bank release said.
SBI raises $ 600 mn from overseas bond sale at 1.80% coupon
By Press Trust of India| Posted by: Harshit Sabarwal | Mumbai
PUBLISHED ON JAN 07, 2021 02:34 PM IST
The issue, oversubscribed by 2.1 times, is part of the bank’s USD 10 billion medium term note programme, the ratings of which were withdrawn by the rating agency Moody’s on Wednesday.
Moody’s withdraws SBI’s forex bonds’ ratings
By Press Trust of India | Posted by Deepali Sharma | Mumbai
PUBLISHED ON JAN 06, 2021 08:35 PM IST
The agency said the rating withdrawal are on those forex bonds issued by SBI through its branches at the Dubai International Finance Centre, Hong Kong, London, and Nassau, a county in Florida, US.
CMS Info Systems to set up 3000 ATMs for SBI by March, invest Rs 200 crore
By Press Trust of India | Posted by Nilavro Ghosh | New Delhi
PUBLISHED ON JAN 05, 2021 03:45 PM IST
CMS provides end-to-end ATM management service. Besides CMS, the other major players in ATM management are AGS Transact, SIS and Writers Corp.
New year, new rules: What all is changing from January 1, 2021
By hindustantimes.com | Edited by Karan Manral | Hindustan Times, New Delhi
UPDATED ON DEC 30, 2020 02:38 PM IST
Several new rules, affecting a common man’s life, are set to come into effect from the first day of the new year.
‘One nation, one mobility card’: All you need to know about NCMC
By hindustantimes.com | Edited by Ayshee Bhaduri | Hindustan Times, New Delhi
UPDATED ON DEC 28, 2020 05:55 PM IST
The idea of NCMC was floated by the Nandan Nilekani committee set up by the Reserve Bank of India. NCMC will allow passengers with RuPay debit card, issued in the last 18 months by 23 banks, including SBI, UCO Bank, Canara Bank, Punjab National Bank etc, to be swiped for Metro travel.
Petition filed over punishing SBI officials for violating SC’s order
By Asian News International | Posted by Nilavro Ghosh | New Delhi
PUBLISHED ON DEC 28, 2020 02:35 PM IST
The Top Court had passed the order on September 3 this year on loan moratorium case and said that accounts that have not been declared Non-Performing Assets (NPAs) as on August 31, 2020, cannot be declared as such until further notice.
CIC alters view on electoral bond buyers
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON DEC 24, 2020 12:30 AM IST
In January, another bench of the CIC said in an unrelated case that the electoral bonds process should be more transparent and the names of those buying them should be declared.
Bloodbath in markets today as Sensex, Nifty plunge. Here is why
By hindustantimes.com | Edited by Shivani Kumar | Hindustan Times, New Delhi
UPDATED ON DEC 21, 2020 09:59 PM IST
All Sensex components ended in the red, with ONGC leading the pack by tumbling 9.15 per cent. IndusInd Bank, M&M, SBI, NTPC, ITC, Axis Bank and PowerGrid shed up to 6.98 per cent.
Investor wealth tumbles Rs 6.59 lakh crore as new Covid-19 strain jolts markets
By Press Trust of India | Posted by Shivani Kumar | Mumbai
UPDATED ON DEC 21, 2020 07:12 PM IST
The 30-share BSE Sensex plunged 1,406.73 points or 3 per cent to close at 45,553.96. The benchmark hit an all-time high of 47,055.69 during the session.
Banks pursue UK bankruptcy order against Vijay Mallya
By Press Trust of India | Posted by Nilavro Ghosh | London
UPDATED ON DEC 19, 2020 07:43 PM IST
At a virtual hearing before Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs on Friday, both sides deposed retired Indian Supreme Court justices as expert witnesses on Indian law in support of their arguments for and against a bankruptcy order against Mallya in the UK.
Sensex extends winning run, closes at record-high of 47,026 points
By Press Trust of India | Posted by Shankhyaneel Sarkar | New Delhi
UPDATED ON DEC 18, 2020 05:52 PM IST
Infosys was the top gainer in the Sensex pack, rising around 3 per cent, followed by Bajaj Auto, SBI, ICICI Bank, HCL Tech, Titan and Asian Paints.
FY21 GDP to contract at 7.4% on better recovery: SBI report
By Press Trust of India | Posted by Shivani Kumar | Mumbai
UPDATED ON DEC 16, 2020 03:34 PM IST
Apart from Q3 FY21, the Q4 growth will also be in positive territory (at 1.7 per cent). However, all projections are conditional on the absence of another wave of infections, the report said.
SBI will prefer co-origination models of lending to MSMEs, says chairman Khara
By Press Trust of India | Posted by Deepali Sharma | New Delhi
UPDATED ON DEC 12, 2020 04:31 PM IST
Khara said banks need to have enough confidence into various models of the MSMEs and also the commitment level of such entrepreneurs.
11 years on, consumer panel asks Mumbai woman to approach civil court with her grievance
By Kanchan Chaudhari | Hindustan Times, Mumbai
UPDATED ON DEC 11, 2020 04:10 PM IST
The complainant had alleged that her important documents and valuables had gone missing from her SBI locker
SBI recasts loans of 4,000 retail borrowers
By Shayan Ghosh and Gopika Gopakumar | Livemint, Mumbai
UPDATED ON DEC 07, 2020 07:59 AM IST
CS Setty, managing director of India’s top lender by assets, said in an interview that 100,000 retail borrowers logged on to its website to check their eligibility, but not many were found to have met the stringent conditions set by RBI.
SBI PO Recruitment 2020: Registration to fill 2000 vacancies ends today, here’s direct link to apply online
By hindustantimes.com | Edited by Akhilesh Nagari | Hindustan Times, New Delhi
UPDATED ON DEC 04, 2020 09:13 AM IST
SBI PO Recruitment 2020: Interested and eligible candidates can apply for the SBI PO recruitment 2020 online at sbi.co.in. The last date for printing your application is December 19, 2020.
SBI launches contactless debit card. Here’s how customers will benefit
By hindustantimes.com | Edited by Meenakshi Ray | Hindustan Times, New Delhi
UPDATED ON DEC 01, 2020 06:10 PM IST
The card has been launched on the RuPay network by SBI in association with JCB. JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan.
HTLS 2020: Unlock process has led to demand revival, says SBI chief
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON NOV 27, 2020 07:27 AM IST
Dinesh Kumar Khara, who took the helm of India’s largest bank last month, also allayed apprehensions that permitting large corporate houses to own banks would lead to problems.
Regulations, tighter corporate governance will lead to better performance as we close the year: SBI’s Dinesh Kumar Khara at HTLS 2020
By hindustantimes.com | Edited by Sohini Sarkar | Hindustan Times, New Delhi
UPDATED ON NOV 26, 2020 09:07 PM IST
Indicating that the systematic unlocking of activities across India in a post-Covid-19 scenario had led to a revival of private investment, the veteran banker linked the slightly better performance of companies in the second quarter (Q2) to the Centre’s move to ‘Unlock’ after the lockdown imposed due to Covid-19.
Mercedes Benz ties up with SBI for car finance
By Press Trust of India | Posted by Karan Manral | Mumbai
UPDATED ON NOV 24, 2020 03:33 PM IST
The various financial benefits of the tie-up include an additional benefit of Rs 25,000 for all customers booking a Mercedes-Benz car online through SBI’s digital platform YONO.
SBI CBO admit card 2020 released at sbi.co.in, here’s direct link to download
By hindustantimes.com | Edited by Akhilesh Nagari | Hindustan Times, New Delhi
UPDATED ON NOV 23, 2020 05:49 PM IST
SBI CBO admit card 2020: Candidates who have registered for the SBI CBO recruitment exam 2020 can download their admit card online at sbi.co.in.
SBI PO Recruitment 2020: 2000 vacancies on offer, here’s direct link to apply online
By hindustantimes.com | Edited by Akhilesh Nagari | Hindustan Times, New Delhi
UPDATED ON NOV 15, 2020 01:02 PM IST
SBI PO Recruitment 2020: Interested and eligible candidates can apply for the SBI PO recruitment 2020 online at sbi.co.in on or before December 4, 2020.
SBI CBO exam date 2020 announced, submit test centre choice before November 16
By hindustantimes.com | Edited by Akhilesh Nagari | Hindustan Times, New Delhi
UPDATED ON NOV 11, 2020 01:42 PM IST
SBI CBO exam date 2020: Candidates who have registered for the recruitment examination are required to submit three choices of test centres on or before November 16, 2020.
Auto-debit figures blow holes in loan recast story
By Shayan Ghosh | Livemint, Mumbai
PUBLISHED ON NOV 10, 2020 11:21 PM IST
Such automatic payments are recurring by nature wherein the borrower agrees to an auto-debit mandate, and the loans are drawn on a monthly basis from a bank account.
Sensex rises as Pfizer vaccine announcement buoys investor hopes
By hindustantimes.com | Edited by Shankhyaneel Sarkar | Hindustan Times, New Delhi
UPDATED ON NOV 10, 2020 02:16 PM IST
The news of the vaccine buoyed investments as investors saw a possible exit from the market losses brought by the Covid-19 pandemic.