Thursday, Jul 07, 2022
Outlook.com

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.

18 April 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

30 March 2022

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...

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

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...

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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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23 February 2022
Beware Of Getting Phished! Here Are The Steps To Take To Avoid Phishing Attack

Beware Of Getting Phished! Here Are The Steps To Take To Avoid Phishing Attack

In general terms, Phishing is sharing of fabricated information by fraudsters to bank customers in the form of fake e-mails, text messages, and websites.


18 February 2022
Why Are HDFC Bank, SBI Hiking FD Rates A Week After RBI’s Status Quo On Policy?

Why Are HDFC Bank, SBI Hiking FD Rates A Week After RBI’s Status Quo On Policy?

Lenders, including SBI and HDFC Bank, have hiked interest rates on their fixed deposits recently


15 February 2022
Explained: How ABG Shipyard Pulled Off India’s Biggest Banking Fraud

Explained: How ABG Shipyard Pulled Off India’s Biggest Banking Fraud

Termed as the biggest banking fraud, the ABG Shipyard Limited, a Gujarat-based shipbuilding firm, defrauded a consortium of 28 banks including the State Bank...


13 February 2022
SBI Expects To Recover Rs 8,000 Crore From Written-Off Accounts In 2022

SBI Expects To Recover Rs 8,000 Crore From Written-Off Accounts In 2022

During the third quarter ended December 2021, SBI recovered Rs 1,500 crore from written-off accounts and for the nine months during April-December FY22, the...


11 February 2022
Hero Electric, SBI Team Up For Retail Finance

Hero Electric, SBI Team Up For Retail Finance

The customers can now ride home their favourite company scooter at the lowest interest rates across India for a hassle-free experience.


09 February 2022
SBI Partners With NSE Academy; Launches 5 BFSI Courses

SBI Partners With NSE Academy; Launches 5 BFSI Courses

The five courses are--Banking Fundamentals, MSME Lending, in a Nutshell, Electronic Payment System In India, Priority Sector Lending Norms, and NRI Business &...


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09 February 2022
SBI Announces New Limits On IMPS Transactions: Check The List Here

SBI Announces New Limits On IMPS Transactions: Check The List Here

To increase the digital transaction, the National Payment Corporation Of India (NPCI) offers IMPS services, so that customers can make instant monetary...


07 February 2022
Time Ripe For 20 Basis Points Reverse Repo Rate Hike, Says SBI

Time Ripe For 20 Basis Points Reverse Repo Rate Hike, Says SBI

The budget 2023 has pegged the Centre's gross borrowing at a record Rs 14.3 lakh crore and for the FY22 at Rs 10.5 lakh crore, lower than Rs 13.5 lakh crore...


06 February 2022
SBI Lines Up 6 NPAs For Sale To ARCs To Recover Rs 406 Crore Dues

SBI Lines Up 6 NPAs For Sale To ARCs To Recover Rs 406 Crore Dues

The interested ARCs/banks/NBFCs/FIs can conduct due diligence of these assets with immediate effect, after submitting expressions of interest and executing...


05 February 2022
State Bank Of India Profit Jumps 62% In Q3, Asset Quality Improves

State Bank Of India Profit Jumps 62% In Q3, Asset Quality Improves

State Bank of India's net interest income or the difference between interest earned on loans and interest expended on deposits advanced 6.5 per cent to Rs...


30 January 2022
Mcap Of Nine Most Valued Firms Erodes By Over Rs 3 Lakh Crore

Mcap Of Nine Most Valued Firms Erodes By Over Rs 3 Lakh Crore

The 30-share BSE Sensex plummeted 1,836.95 points or 3.11 per cent amid geopolitical tensions, a global sell-off triggered by a hawkish US Federal Reserve and...


21 January 2022
SBI Life Profit Jumps 56% To Rs 364 Crore In Q3

SBI Life Profit Jumps 56% To Rs 364 Crore In Q3

The total income declined to Rs 20,458.31 crore in the quarter under review from Rs 26,551.90 crore in October-December 2020 period.


19 January 2022
Cabinet Sanctions Rs 974 cr To SBI For Ex-gratia Payment To Borrowers

Cabinet Sanctions Rs 974 cr To SBI For Ex-gratia Payment To Borrowers

SBI was given Rs 873.07 crore towards reimbursement of ex-gratia between July 23 and September 22, 2021.


19 January 2022
Cabinet Sanctions Rs 973 Crore To SBI For Ex-gratia Payment To Borrowers

Cabinet Sanctions Rs 973 Crore To SBI For Ex-gratia Payment To Borrowers

On March 27, 2020, RBI announced a loan moratorium on payment of instalments of term loans falling due between March 1 and May 31, 2020, due to the pandemic.


13 January 2022
SBI Raises $300 Million Of Regulation S Formosa Bonds

SBI Raises $300 Million Of Regulation S Formosa Bonds

The bonds will be listed on Taipei Exchange (TPEx), Singapore Exchange Securities Trading Ltd (SGX-ST) and India International Exchange IFSC Ltd (India INX).


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