Search For "state bank of india"
India set to become 3rd largest economy by 2029: SBI report
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 3 (ANI): India has undergone a large structural shift since 2014 and is now the 5th largest economy overtaking the United Kingdom. India would surpass Germany in 2027 and most likely Japan by 2029 at the current rate of growth, State Bank of India (SBI
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SBI sells KSK Mahanadi Power NPA loan account to Aditya Birla ARC
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 19 (ANI): State Bank of India, the country's largest lender, on Friday said it has sold its non-performing asset loan account of KSK Mahanadi Power Company to Aditya Birla ARC Ltd for Rs 1,622 crore.
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SAVE Solutions expands its CSP Services to Ladakh, UT
Updated : 3 years, 7 months ago IST
New Delhi [India], August 19 (ANI/NewsVoir): To facilitate better financial inclusion and to connect the unbanked to the financial systems, SAVE Solutions has opened 3 CSP branches in Kargil and 1 Leh in partnership with the State Bank of India.
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Stock exchange seeks clarification from SBI on distressed loan sale
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 16 (ANI): BSE Limited on Tuesday asked the country's largest lender State Bank of India (SBI) to issue a clarification on media reports regarding the sale of Rs 1,622 crore of distressed loan.
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SBI initiates insolvency proceedings against Bajaj Hindusthan Sugar
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 16 (ANI): The country's largest lender State Bank of India has initiated insolvency proceedings against Bajaj Hindusthan Sugar Limited, the company informed the stock exchanges on Tuesday.
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SBI shares slump 2.4 per cent on disappointing Q1 earnings
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 8 (ANI): The share price of State Bank of India (SBI) slumped on Monday after the country's largest lender announced 7 per cent decline in its standalone net profit for the quarter ended June 30, 2022.
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SBI standalone net profit falls 7 per cent to Rs 6,068 crore
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 6 (ANI): The country's largest lender State Bank of India (SBI) on Saturday reported a standalone net profit of Rs 6,068 crore for the first quarter of the current financial year as compared to Rs 6,504 crore recorded in the corresponding period of the la
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Sensex snaps 6 days winning runs; closes 52 points lower
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 4 (ANI): After six consecutive days of rally, the Indian equities markets key indices witnessed volatile trading on Thursday with benchmark Sensex closing 52 points lower dragged by selling pressure in heavyweights Reliance Industries and State Bank of In
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SBI contributes Rs 4.70 crore to Army Central Welfare Fund
Updated : 3 years, 8 months ago IST
New Delhi [India], July 20 (ANI): Endeavoring to support the Armed Forces, the State Bank of India (SBI), country's largest lender, has contributed Rs 4.70 crores to Army Central Fund.
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SBI hikes lending rates by 10 basis points
Updated : 3 years, 8 months ago IST
New Delhi [India], July 14 (ANI): The country's largest lender State Bank of India has decided to increase its marginal cost of lending rate (MCLR) on loans by 10 basis points or 0.10 per cent effective from July 15, 2022.
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India's inflation could dip to 5 pc by March: SBI Research Report
Updated : 3 years, 8 months ago IST
New Delhi [India], July 14 (ANI): There is only 20-30 per cent likelihood of a global recession and chances of prolonged stagflation in the economy seem more, according to State Bank of India research report Ecowrap's latest edition, which has projected that India's inflation rate is expecte
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CBI registers two separate cases in connection to Rs 2100 cr bank fraud
Updated : 3 years, 8 months ago IST
New Delhi [India], July 11 (ANI): The Central Bureau of Investigation (CBI) on Monday registered a case against a Mumbai-based private company over the allegations of causing a loss worth about Rs 1,438.45 crore to the State Bank of India and four other consortium member banks.
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