Search For "state bank"
SBI announces repo rate as external benchmark for all floating rate loans
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sept 23 (ANI): The country's largest lender State Bank of India (SBI) said on Monday it has decided to adopt repo rate as the external benchmark for all floating rate loans for micro, small and medium enterprises (MSMEs), housing and retail loans.
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Current slowdown cannot be tackled by monetary policy alone: SBI report
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 16 (ANI): The country's largest lender State Bank of India (SBI) said on Monday the contemporary issue for macroeconomists is to exclusively focus on assuring adequate aggregate demand as the current slowdown cannot be tackled by monetary policy in isolation
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SBI reduces MCLR and interest rates on time deposits across all maturities
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 9 (ANI): The country's largest lender State Bank of India (SBI) on Monday announced a reduction in its marginal cost of funds-based lending rate (MCLR) by 10 basis points across all tenors.
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Edelweiss teams up with SBI for co-origination of loans to MSMEs
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sept 5 (ANI): ECL Finance, a subsidiary of Edelweiss Financial Services, State Bank of India (SBI) have signed a co-origination agreement to increase access to credit for micro, small and medium enterprises (MSMEs).
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ESIC signs pact with SBI for payments to ESIC beneficiaries on real-time b
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 3 (ANI): The Employees' State Insurance Corporation (ESIC) and the State Bank of India (SBI) on Tuesday signed a memorandum of understanding to provide electronic payment services for ESIC beneficiaries.
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Finance Secretary dispels fears of job losses after merger of 10 PSU banks
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 31 (ANI): The merger of 10 public sector banks (PSBs) to form four big lenders will create more jobs and not lead to any retrenchment as being claimed by some trade unions, Finance Secretary Rajiv Kumar has said.
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SBI customers to continue getting 3 pc interest rate in SB accounts with b
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 23 (ANI): To protect the interests of saving bank depositors, State Bank of India (SBI) has decided to not reduce interest rate further and hold it at the existing level of 3 per cent for customers with balances above Rs 1 lakh.
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SBI announces loans at cheaper rates during festival season
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Aug 20 (ANI): State Bank of India (SBI) on Tuesday announced a slew of offers including cheaper rates for home and auto loan borrowers to cash in on the upcoming festival season.
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After SBI, more PSU banks link deposit and loan rates to repo
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 10 (ANI): More government-owned banks have announced linking their lending and deposit rates to the Reserve Bank of India's (RBI's) repo for facilitating faster transmission after the State Bank of India did so in May.
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SBI home, auto loans to become cheaper with MCLR cut by 0.15 pc
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 7 (ANI): State Bank of India (SBI) on Wednesday announced a cut in its marginal cost-based lending rates (MCLR), a move that will make car and home loans cheaper from August 10 as these loans are MCLR- linked.
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Repo rate could touch 5 pc level by March 2020: SBI report
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 5 (ANI): The Reserve Bank of India (RBI) may cut repo rate by 25 basis points (bps) in its August 7 policy meet and further reduce it by 50 to 75 bps to achieve the level of less than or equal to 5 per cent by March 2020, according to State Bank of India's r
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SBI reports first quarter profit of Rs 2,312 crore with improved asset qua
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 2 (ANI): State Bank of India (SBI) was back in the black on Friday as it reported a net profit of Rs 2,312 crore for the April to June quarter of 2019-20 (Q1 FY20) due to healthy growth in advances and stable asset quality.
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