Company: State Bank of India Category: Company News

Further, the bank stated that due to falling interest rates and surplus liquidity, it has realigned its interest rate on term deposits with effect from August 26.
Aug. 23, 2019, 3:09 p.m.

For customers applying for a car loan online through the bank's digital platform like YONO or website, a 25-basis point concession on interest rate can be availed
Aug. 20, 2019, 6:10 p.m.

In other news, Wadhawan Global Capital (WGC), the parent of cash-strapped Dewan Housing Finance Corp. Ltd (DHFL), is selling its loan distribution business Andromeda Sales and Distribution Pvt. Ltd to London-based metal trading firm, Metdist Group of companies for close to ₹150 crore
Aug. 20, 2019, 9:49 a.m.

SBI Card plans to appoint up to eight investment banks to manage the proposed initial public offering.SBI Card’s total IPO size is expected to be around ₹3,000-4,000 crore, valuing the company at $2-2.5 billion
Aug. 20, 2019, 1:11 a.m.

Though lack of credit demand exists in the economy, there is no supply-side constraint as the public sector banks are more or less well-capitalised, he said.
Aug. 19, 2019, 3:50 p.m.

The move comes in the wake of the ongoing strain in the auto sector. The sector has been facing a huge slowdown in demand owing to a variety of reasons.
Aug. 19, 2019, 10:29 a.m.

With todays cut in the Policy rate, SBIs effective Repo Linked Lending Rate (RLLR) for CC/ OD customers will stand revised to 7.65% w.e.f. September 01, 2019.
Aug. 7, 2019, 1:40 p.m.

SBI has invited bids for overseas oil and gas assets of Videocon Industries as govt seeks to recover billions of dollars in loans from the beleaguered private firm.SBI said it had appointed consultant Deloitte to find buyers for Videocon's exploration assets in Brazil and Indonesia.
Aug. 5, 2019, 6:58 p.m.

The gross non-performing asset ratio fell to 7.53 per cent of total advances for the current quarter, as against 10.69 per cent in the year-ago quarter
Aug. 2, 2019, 11:24 p.m.

Higher non-interest income and lower provisions helped SBI return to profit.Provisions and contingencies dropped 51.54% from the year-earlier quarter
Aug. 2, 2019, 2:27 p.m.