Company: State Bank of India

The regulatory lapses relate to bad loans classification, fraud risk management and reporting of frauds.
July 16, 2019, 8:54 a.m.

This is one of the highest penalty amounts on any bank in the recent past
July 16, 2019, 1:42 a.m.

SBI was fined for not complying with, among other things, the central bank’s rules on reporting frauds .SBI was also found to have violated asset classification norms
July 15, 2019, 8:04 p.m.

SBIPSPL wants to leverage debit cards at about 925 million compared to 47 million credit cards in circulation
July 14, 2019, 12:32 a.m.

As CFO of SBI, Kant managed $38 billion of revenues and total assets of $500 billion.Kant will be responsible for financial and risk management of the World Bank Group
July 12, 2019, 9:57 p.m.

Before July 1, SBI used to charge between Re 1 and Rs 5 for transactions through NEFT, and Rs 5-50 for RTGS route
July 12, 2019, 4:15 p.m.

State bank of India boasts of around 18% market share in mobile banking transactions.
July 12, 2019, 4:08 p.m.

Rajnish Kumar said State Bank has a 100% provision on Bhushan Steel, where a fraud has been found, which is as per RBI provisions.Rajnish Kumar suggested that the lack of distinction between secured and operational creditors only aggravates the situation around resolution
July 10, 2019, 11:43 p.m.

SBI chairman Rajnish Kumar, whose bank has lent more than Rs 15,000 crore to Essar Steel, said the NCLAT verdict will discourage banks from taking stressed asset cases to the insolvency process
July 10, 2019, 11:18 p.m.

The Marginal Cost of Funds based Lending Rate (MCLR) for one year stands reduced to 8.4% p.a. from 8.45% p.a.
July 10, 2019, 11:06 a.m.