Tuesday, May 24, 2022
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State Bank Of India

RBI Allows Settlement Of Trade Transactions With Sri Lanka In INR

RBI Allows Settlement Of Trade Transactions With Sri Lanka In INR

In March, the government had guaranteed a term loan of $1 billion extended by the SBI to Sri Lanka for financing the purchase of essential goods by the island nation from India.

19 May 2022
Sensex Rebounds 180 Points At 52,973, Nifty Below 15,842 As Banking Shares Advance

Sensex Rebounds 180 Points At 52,973, Nifty Below 15,842 As Banking Shares Advance

The 30-share BSE benchmark gained 180.22 points or 0.34 per cent to settle at 52,973.84.

16 May 2022

Union Bank Of India Q4 Profit Up 8% At Rs 1,440 Crore

The lender had logged a net profit of Rs 1,330 crore in the same quarter of previous fiscal year.

Bandhan Bank Q4FY22 Net Profit Jumps Multi-Fold To Rs 1,902 Crore

Bandhan Bank Q4FY22 Net Profit Jumps Multi-Fold To Rs 1,902 Crore

The bank had posted a net profit of Rs 103 crore in the year-ago quarter.

13 May 2022

SBI Hikes Interest Rates On Bulk Term Deposits By 40-90 Basis Points

The revised interest rates on bulk term deposits amounting to Rs 2 crore and above are effective from Tuesday.

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05 May 2022
ICICI, Bank Of Baroda, Bank Of India, Central Bank Revise Lending Rates After Repo Rate Hike

ICICI, Bank Of Baroda, Bank Of India, Central Bank Revise Lending Rates After Repo Rate Hike

The increase in the repo by RBI will push up the cost for most of the personal loans, auto and home loans for customers as the new loans post-October 2019 are...


01 May 2022
After SBI, HDFC Hikes Lending Rate By 5 Basis Points; EMI To Rise For Existing Borrower

After SBI, HDFC Hikes Lending Rate By 5 Basis Points; EMI To Rise For Existing Borrower

The rates for new borrowers range between 6.70 per cent and 7.15 per cent, depending on credit and loan amount. 


28 April 2022
Gujarat HC raps SBI for denying no-dues certificate in land deal matter over farmer's outstanding amount of 31 paise

Gujarat HC raps SBI for denying no-dues certificate in land deal matter over farmer's outstanding amount of 31 paise

While hearing a petition on Wednesday, Justice Bhargav Karia expressed displeasure over the bank, the country's largest lender, withholding the no-dues...


25 April 2022
SBI Issues Guidelines For Safe ATM, Credit/Debit Card, Netbanking and UPI Transactions

SBI Issues Guidelines For Safe ATM, Credit/Debit Card, Netbanking and UPI Transactions

State Bank of India releases process document with guidelines for safe digital transactions


25 April 2022
SBI Card Engages TCS For Digital Transformation

SBI Card Engages TCS For Digital Transformation

TCS has been serving the largest pure-play credit card issuer in the country for a decade and the new deal is an expansion of the engagement.


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24 April 2022
Mcap Of Top 8 Most-Valued Firms Tumble Rs 2.21 Lakh Crore; Infosys, HDFC Bank Biggest Drag

Mcap Of Top 8 Most-Valued Firms Tumble Rs 2.21 Lakh Crore; Infosys, HDFC Bank Biggest Drag

The 30-share benchmark index, Sensex, lost 1,141.78 points or 1.95 per cent last week. From the top-10 pack, only Reliance Industries and Adani Green Energy...


21 April 2022
Atal Pension Yojana Enrolments Cross 40 Million In March 2022; 45% Subscribers Aged 18-25

Atal Pension Yojana Enrolments Cross 40 Million In March 2022; 45% Subscribers Aged 18-25

More than 9.9 million Atal Pension Yojana accounts were enrolled during FY 21-22


20 April 2022
SBI Seeks Accountability Of Future Group Over Retail Stores Takeover By Reliance: Report

SBI Seeks Accountability Of Future Group Over Retail Stores Takeover By Reliance: Report

The lender groups said that Future Group knew about its stores being taken over by Mukesh Ambani's Reliance Retail and did not provide any clear answers over...


20 April 2022
Kotak Bank, Axis Bank Join Bank of Baroda and SBI In Hiking Lending Rates; Know Them Here

Kotak Bank, Axis Bank Join Bank of Baroda and SBI In Hiking Lending Rates; Know Them Here

Bank of Baroda was the first bank to hike MCLR-based lending rate, and then SBI followed suit. Now, Kotak Bank and Axis Bank have also increased their lending...


19 April 2022
State Bank Of India Hikes Lending Rate By 0.1%; Monthly EMIs To Go Up

State Bank Of India Hikes Lending Rate By 0.1%; Monthly EMIs To Go Up

With the increase, EMIs will go up for those borrowers who have availed loans on MCLR, not for those, whose loans are linked to other benchmarks


18 April 2022
SBI Raises $500 Million Through IFSC Gift City Branch

SBI Raises $500 Million Through IFSC Gift City Branch

This is the first offshore USD Secured Overnight Financing Rate (SOFR) linked syndicated loan raised by SBI through its Gift City branch.


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30 March 2022
SBI FASTag: Benefits, How To Buy And Recharge - All You Need To Know

SBI FASTag: Benefits, How To Buy And Recharge - All You Need To Know

NETC FASTag has been witnessing exponential year-on-year growth of 53% in terms of its transaction volume


28 March 2022
Japan's Leading Financial Institution Invests $1.5 Billion In SBI TO Finance Maruti Suzuki

Japan's Leading Financial Institution Invests $1.5 Billion In SBI TO Finance Maruti Suzuki

JBIC is a policy-based financial institution of Japan, and conducts lending, investment and guarantee operations while complementing private sector financial...


27 March 2022
Lenders Approve IL&FS' Debt Recast Proposal For CNTL

Lenders Approve IL&FS' Debt Recast Proposal For CNTL

The move comes after the company has revalued itself at Rs 5,257 crore now after the deal with Cube Highways of Singapore failed last year, due to regulatory...


27 March 2022
Mcap of Top-7 Valued Firms Tumble Over Rs 1.14 Lakh Crore

Mcap of Top-7 Valued Firms Tumble Over Rs 1.14 Lakh Crore

While HDFC Bank, ICICI Bank, Hindustan Unilever Limited, State Bank of India, Bajaj Finance, HDFC and Bharti Airtel were among the laggards from the top-10...


27 March 2022
GAIL Continues To Pay For Russian LNG Imports In US Dollar

GAIL Continues To Pay For Russian LNG Imports In US Dollar

GAIL has a deal to receive 2.5 million tonnes of liquefied natural gas (LNG) annually on a delivered basis from Russia's Gazprom.


20 March 2022
SBI Lines-Up 12 NPA Accounts For Sale To ARCs To Recover Dues Of Over Rs 820 Crore 

SBI Lines-Up 12 NPA Accounts For Sale To ARCs To Recover Dues Of Over Rs 820 Crore 

SBI said it has placed these accounts for sale to asset reconstruction companies (ARCs)/banks/Non-Banking Financial Companies (NBFCs)/financial institutions...


12 March 2022
Why Government Is Offering Lowest Interest Rate On Employee's Provident Fund In Over 40 Years 

Why Government Is Offering Lowest Interest Rate On Employee's Provident Fund In Over 40 Years 

The lowest interest rate offered by the government on provident fund is because of low interest regime currently prevailing in the economy


10 March 2022
Government Appoints SBI MD Ashwini Bhatia As SEBI Member

Government Appoints SBI MD Ashwini Bhatia As SEBI Member

The Appointments Committee of the Cabinet (ACC) has approved the appointment of Bhatia as a member initially for a period of three years from the date of...


06 March 2022
Awaiting Government, RBI Guidelines On SWIFT Transactions With Russian Entities, Says PNB

Awaiting Government, RBI Guidelines On SWIFT Transactions With Russian Entities, Says PNB

The SWIFT is the world's main banking messaging service which links around 11,000 banks and institutions in more than 200 countries, including India.


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