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The bank said interest concession of up to 30 bps is also available in eight metro cities for loans up to Rs 5 crore.(Reuters)

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.
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Vijay Mallya is currently on bail on an extradition warrant executed by Scotland Yard on April 18, 2017.(AP file photo)
Vijay Mallya is currently on bail on an extradition warrant executed by Scotland Yard on April 18, 2017.(AP file photo)

Mallya’s properties in South Africa, Europe identified; to be attached soon

By Neeraj Chauhan | Hindustan Times, New Delhi
UPDATED ON JAN 06, 2021 01:37 AM IST
ED has attached Mallya assets worth Rs 11,231 crore (more than the alleged proceeds of crime), which are mostly located in India, except a property worth Rs 14 crore attached in France in November last year.
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Atal Pension Yojana is a guaranteed pension scheme of the government which offers triple benefits to subscribers on attaining 60 years of age(PTI)
Atal Pension Yojana is a guaranteed pension scheme of the government which offers triple benefits to subscribers on attaining 60 years of age(PTI)

Atal Pension Yojana gets over 52 lakh new subscribers in FY21 so far

By Press Trust of India | Posted by Ayshee Bhaduri | New Delhi
UPDATED ON JAN 04, 2021 09:14 PM IST
Despite the unprecedented challenges poised due to pandemic, addition of more than 52 lakh new subscribers in the financial year 2020-21 so far has been remarkable and result of untiring efforts of banks, the Pension Regulatory Fund and Development Authority of India said in the release.
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The headquarters of India's HDFC bank is pictured in Mumbai.(REUTERS)
The headquarters of India's HDFC bank is pictured in Mumbai.(REUTERS)

HDFC Bank trails markets for first time in 7 years

By Ravindra Sonavane | Livemint, Mumbai
UPDATED ON DEC 29, 2020 07:02 AM IST
Shares of HDFC Bank gained 11.09% in 2020, the private lender’s worst performance since 2013, according to data from Bloomberg. So far this year, Sensex and Nifty have gained 14.79% and 14.01%, respectively.
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A woman walks past a signboard of Dewan Housing Finance Corporation Ltd. (DHFL) outside its office on the outskirts of Mumbai.(REUTERS)
A woman walks past a signboard of Dewan Housing Finance Corporation Ltd. (DHFL) outside its office on the outskirts of Mumbai.(REUTERS)

Oaktree Cap adds 1,700 crore in bid to sweeten offer for DHFL

By Gopika Gopakumar | Livemint, Mumbai
PUBLISHED ON DEC 25, 2020 12:39 AM IST
Oaktree’s offer came a day after Piramal Capital raised its bid by 1,000 crore and also improved its offer for a controlling stake in DHFL’s Pramerica Life Insurance Co. to 1,000 crore from 300 crore.
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A customer wearing a protective mask checks a dairy product inside a superstore of Reliance Industries Ltd, in Mumbai.(REUTERS)
A customer wearing a protective mask checks a dairy product inside a superstore of Reliance Industries Ltd, in Mumbai.(REUTERS)

Banks to recast Future loans on delay in RIL deal

By Shayan Ghosh and Kalpana Pathak | Livemint, Mumbai
UPDATED ON DEC 24, 2020 10:00 AM IST
The lenders led by State Bank of India (SBI) have already invoked the debt recast scheme well within December 31, the deadline set by RBI, and will have six more months to finalise and implement a resolution plan, said one of the bankers, requesting anonymity.
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The government’s first priority is to keep the pandemic spread under control. The second is to sustain the momentum of recovery, so that it enters the positive territory by the end of the third quarter(ANI)
The government’s first priority is to keep the pandemic spread under control. The second is to sustain the momentum of recovery, so that it enters the positive territory by the end of the third quarter(ANI)

The Indian economy is bouncing back | Opinion

By Jyotiraditya Scindia
UPDATED ON DEC 09, 2020 06:42 AM IST
With a judicious mix of spending and structural reforms, the government has paved the way for an impressive recovery
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SBI has raised $900 million of deposits and extended $400 million of loans through its Yono app.(Hemant Mishra/Mint)
SBI has raised $900 million of deposits and extended $400 million of loans through its Yono app.(Hemant Mishra/Mint)

State Bank of India to boost retail loans, sees better earnings

By Bloomberg | Posted by Deepali Sharma
PUBLISHED ON DEC 07, 2020 02:33 PM IST
SBI’s bad loan ratio fell to 5.28% at the end of September from 5.44% three months earlier, but the bank warned that it expects a further 200 billion rupees ($2.7 billion) of loans to sour over the next six months.
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The State Bank of India gave the information regarding electoral bonds in reply to an RTI query.(File photo)
The State Bank of India gave the information regarding electoral bonds in reply to an RTI query.(File photo)

Electoral bonds worth Rs6,210 crore sold since 2018, reveals RTI query

By HT Correspondent | Edited by Smriti Sinha | Hindustan Times, New Delhi
UPDATED ON DEC 07, 2020 01:10 PM IST
The RTI, which was filed by activist Commodore Lokesh Batra (Retd), shows that nearly 660,000 electoral bonds have been printed until March 19,2020. However, only 12,452 were sold until March
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The SBI RuPay JCB Platinum Contactless Debit Card comes with a unique dual-interface feature that will enable customers to perform both contact and contactless transactions.
The SBI RuPay JCB Platinum Contactless Debit Card comes with a unique dual-interface feature that will enable customers to perform both contact and contactless transactions.

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.
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File photo: Dinesh K Khara.(S Kumar/ Mint)
File photo: Dinesh K Khara.(S Kumar/ Mint)

‘Significant improvement in Q2,’ says SBI chief, links it to ‘unlock situation’

By hindustantimes.com | Edited by Sparshita Saxena | Hindustan Times, New Delhi
UPDATED ON NOV 26, 2020 10:48 PM IST
State Bank of India chairman Dinesh Kumar Khara was in conversation with Shereen Bhan, managing editor, CNBC TV-18 during HTLS 2020 on Thursday.
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The sale process of DHFL took an unexpected turn last week after the Adani group offered to buy DHFL’s entire business instead of the select portfolio that it bid earlier.(Mint)
The sale process of DHFL took an unexpected turn last week after the Adani group offered to buy DHFL’s entire business instead of the select portfolio that it bid earlier.(Mint)

SBI sees DHFL book fetching more value

By Anirudh Laskar | Livemint, Mumbai
UPDATED ON NOV 20, 2020 06:01 AM IST
SBI conveyed its decision to other members of a creditors’ consortium in a meeting to evaluate the revised bids received from Oaktree Capital Management, Piramal Enterprises Ltd, Adani Enterprises Ltd and SC Lowy.
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State Bank of India chairman Dinesh Kumar Khara said that the economy would bounce back from the damage caused due to the Covid-19 pandemic by the next fiscal.(PTI Photo)
State Bank of India chairman Dinesh Kumar Khara said that the economy would bounce back from the damage caused due to the Covid-19 pandemic by the next fiscal.(PTI Photo)

Covid-19 impact: Economy expected to bounce back from next fiscal, says SBI chairman

By Press Trust of India | Posted by Prashasti Singh | New Delhi
UPDATED ON NOV 07, 2020 02:40 PM IST
State Bank of India chairman Dinesh Kumar Khara said that there will be a “paradigm shift” which will lead to a more matured economy” with economic players learning to contain costs.
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FILE PHOTO: The State Bank of India (SBI) office building is pictured in Kolkata, India, February 9, 2018. REUTERS/Rupak De Chowdhuri/File photo(REUTERS)
FILE PHOTO: The State Bank of India (SBI) office building is pictured in Kolkata, India, February 9, 2018. REUTERS/Rupak De Chowdhuri/File photo(REUTERS)

SBI records 52%jump in profit in second quarter, retail credit growth back to pre-pandemic level

By Reuters | Posted by Karan Manral | Bengaluru
UPDATED ON NOV 04, 2020 03:54 PM IST
In a statement, SBI said its sanctions and disbursements during the second quarter were significantly higher than those last year across most retail products. Home loans too witnessed growth, of 10.34%.
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Smaller banks said many customers are opting to repay loans as they don’t want their credit scores to be affected.
Smaller banks said many customers are opting to repay loans as they don’t want their credit scores to be affected.

Retail loan restructuring plan finds few takers

By Gopika Gopakumar | Hindustan Times, Mumbai, Mumbai
PUBLISHED ON OCT 28, 2020 05:46 AM IST
Borrowers will need to get a resolution plan sanctioned before December 31, and the lender will need to implement it within 90 days. The recast loan will continue to be considered as standard till the borrower sticks to the resolution plan.
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Flipkart said it has partnered with State Bank of India and with SBI Card to provide debit and credit cards holders a 10 per cent instant discount, while No Cost EMI will be available for Bajaj Finserv EMI card holders
Flipkart said it has partnered with State Bank of India and with SBI Card to provide debit and credit cards holders a 10 per cent instant discount, while No Cost EMI will be available for Bajaj Finserv EMI card holders

Flipkart bolsters partnerships with banks, NBFCs ahead of festive season

By Press Trust of India| Posted by Susmita Pakrasi | New Delhi
PUBLISHED ON OCT 14, 2020 02:03 PM IST
Flipkart is ramping up its fintech constructs so that consumers across the country can avail the benefits of easy accessibility to credit and affordability options, a statement said.
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SBI ATM services are operational.(Mint File Photo)
SBI ATM services are operational.(Mint File Photo)

SBI online banking services down, ATM and POS machines functional

By hindustantimes.com | Edited by Kanishka Sarkar | Hindustan Times, New Delhi
UPDATED ON OCT 13, 2020 12:03 PM IST
The State Bank of India (SBI) said that services are likely to resume by noon.
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SBI SO Recruitment 2020.(HT file)
SBI SO Recruitment 2020.(HT file)

SBI SO Recruitment 2020: Registration to fill 92 vacancies ends today

By hindustantimes.com | Edited by Akhilesh Nagari | Hindustan Times, New Delhi
UPDATED ON OCT 08, 2020 12:19 PM IST
SBI SO Recruitment 2020: Interested and eligible candidates can apply for the positions online at sbi.co.in/careers.
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SBI chairman Rajnish Kumar had said Yono could have a valuation of around USD 40 billion(Pradeep Gaur/Mint File Photo)
SBI chairman Rajnish Kumar had said Yono could have a valuation of around USD 40 billion(Pradeep Gaur/Mint File Photo)

SBI looking to hive off Yono into separate subsidiary, says chairman Rajnish Kumar

By Press Trust of India | Posted by Kanishka Sarkar | Mumbai
PUBLISHED ON OCT 06, 2020 06:33 AM IST
Launched three years ago, Yono has 26 million registered users. It witnesses 5.5 million logins per day along with over 4,000 daily disbursals of personal loans, 16,000 Yono Krishi Agri Gold loans.
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The IPO will see shareholders State Bank of India, Punjab National Bank, Bank of Baroda, Life Insurance Corporation of India and T Rowe Price International pare their shareholdings in UTI AMC.
The IPO will see shareholders State Bank of India, Punjab National Bank, Bank of Baroda, Life Insurance Corporation of India and T Rowe Price International pare their shareholdings in UTI AMC.

UTI AMC’s public offering to finally hit

By Nasrin Sultana | Hindustan Times, Mumbai, Mumbai
PUBLISHED ON SEP 25, 2020 12:37 AM IST
Last year, Sebi had directed LIC, SBI and BoB to reduce their stakes in UTI AMC by December, failing which, the regulator would freeze excess voting rights.
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SBI Clerk Mains exam 2019.(Screengrab)
SBI Clerk Mains exam 2019.(Screengrab)

SBI Clerk Mains exam 2019: Second provisional waiting list released at sbi.co.in

By hindustantimes.com | Edited by Akhilesh Nagari | Hindustan Times, New Delhi
UPDATED ON SEP 22, 2020 08:26 PM IST
Candidates who have appeared in the SBI Mains 2019 examination can check the waiting list online at sbi.co.in.
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Promoters have provided personal guarantees to state-run banks for dues worth ₹1.85 lakh crore, according to industry estimates.
Promoters have provided personal guarantees to state-run banks for dues worth ₹1.85 lakh crore, according to industry estimates.

PSBs set sights on personal guarantees for corporate dues

By Gopika Gopakumar and Jayshree Upadhyay | Hindustan Times, Mumbai, Mumbai
PUBLISHED ON SEP 21, 2020 12:35 AM IST
A personal guarantee obligates the guarantor to pay back a business loan if the corporate borrower defaults. In such cases, promoters, typically, provide personal assets as collateral.
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Union minister of state for home (MoS) Nityanand Rai introduced the Foreign Contribution (Regulation) Amendment Bill, 2020 in the Lok Sabha, where it is likely to be taken up in the coming week.(PTI)
Union minister of state for home (MoS) Nityanand Rai introduced the Foreign Contribution (Regulation) Amendment Bill, 2020 in the Lok Sabha, where it is likely to be taken up in the coming week.(PTI)

Govt seeks to make FCRA laws more stringent

By Neeraj Chauhan | Hindustan Times, New Delhi
UPDATED ON SEP 20, 2020 11:35 PM IST
The legislation seeks to prohibits transfer of foreign funds to a third party and designates State Bank of India, New Delhi, as the only bank where such funds can be received.
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People crowd at the entrance of a State Bank of India branch while waiting to make transactions, at Laxmi Nagar, in New Delhi (Photo by Raj K Raj/ Hindustan Times)
People crowd at the entrance of a State Bank of India branch while waiting to make transactions, at Laxmi Nagar, in New Delhi (Photo by Raj K Raj/ Hindustan Times)

SBI’s OTP-based cash withdrawal facility now available throughout the day

By hindustantimes.com | Edited by Karan Manral | Hindustan Times, New Delhi
UPDATED ON SEP 18, 2020 09:51 AM IST
Earlier, the service could only be availed from 8pm-8am. It allows SBI customers to withdraw Rs 10,000 and above.
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The OTP-based cash withdrawal facility is available only at SBI ATMs(Indranil Bhoumik/Mint File Photo)
The OTP-based cash withdrawal facility is available only at SBI ATMs(Indranil Bhoumik/Mint File Photo)

SBI extends OTP-based ATM withdrawal facility round the clock

By Press Trust of India | Posted by Kanishka Sarkar | Mumbai
PUBLISHED ON SEP 15, 2020 10:25 PM IST
For withdrawals of Rs 10,000 and above, SBI debit cardholders will now have to enter OTP (one-time password) sent on their registered mobile numbers along with their debit card PIN each time.
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In one case, Rs 6 lakh was withdrawn in three ATM transactions and 61 online withdrawals from the SBI account of a district police personnel.(Getty Images/iStockphoto)
In one case, Rs 6 lakh was withdrawn in three ATM transactions and 61 online withdrawals from the SBI account of a district police personnel.(Getty Images/iStockphoto)

Three ATMs shut after Rs 10 lakh siphoned off in Jamshedpur by hackers

By Debashish Sarkar | Hindustan Times, Jamshedpur
UPDATED ON SEP 09, 2020 04:10 PM IST
The police have sent notices to the bank authorities as most of these ATMs did not have guards, despite clear guidelines
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Manufacturing is likely to see the sharpest slowdown, followed by services, based on high-frequency indicators.(Bloomberg)
Manufacturing is likely to see the sharpest slowdown, followed by services, based on high-frequency indicators.(Bloomberg)

India’s Q1 numbers may be among lowest in G20

By Asit Ranjan Mishra | Livemint, New Delhi
UPDATED ON AUG 31, 2020 06:25 AM IST
GDP for the three months ended June 30, to be released on Monday, is expected to be the worst since India started reporting quarterly data in 1996
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File photo: Vijay Mallya.(REUTERS)
File photo: Vijay Mallya.(REUTERS)

SC asks Centre to clear stand on winding up of Mallya’s United Breweries Holdings Limited

By Abraham Thomas | Hindustan Times, New Delhi
UPDATED ON AUG 27, 2020 09:34 PM IST
Former liquor baron Vijay Mallya holds a little over 10 percent shares in the UBHL which is majorly owned by Dutch beer maker Heineken and British spirit maker Diageo.
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Reliance Group chairman Anil Ambani(MINT photo)
Reliance Group chairman Anil Ambani(MINT photo)

Court halts insolvency proceedings against Reliance’s Anil Ambani

By Reuters | Posted by Shivani Kumar | New delhi
UPDATED ON AUG 27, 2020 06:08 PM IST
Anil Amabni had filed a plea with the Delhi High Court challenging the appointment of a resolution professional over a roughly 12 billion rupee ($163 million)personal guarantee that he had given to the State Bank of India for loans to his companies.
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A man checks his mobile phones in front of State Bank of India (SBI) branch in Kolkata.(REUTERS)
A man checks his mobile phones in front of State Bank of India (SBI) branch in Kolkata.(REUTERS)

Moody’s affirms SBI’s deposit ratings at ‘Baa3’

By Press Trust of India | New Delhi
PUBLISHED ON AUG 25, 2020 11:45 PM IST
Moody’s has maintained SBI’s rating outlook, where applicable, as negative, in line with the outlook on India’s sovereign rating.
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