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Latest Articles in state bank of india

How NPA Of Banks Increased Over Last Five Years

Banks classify an account as NPA if the interest due and charged on that account during a quarter is not serviced fully within 90 days from the end of the quarter.

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Financial Sector Readies For IPO Rush Worth Over Rs 20,000 Crore

The IPO market is heading for a heavy rush with a number of high-profile names including UTI Mutual Fund and SBI Life expected to launch their initial public offers amounting to Rs 20,000 crore in coming months

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SBI Life Set To Hire Eight Banks For Up To $1 Billion IPO

SBI Life Insurance Co Ltd is set to hire eight banks including Citigroup, Deutsche Bank and BNP Paribas to manage its up to $1 billion initial public offering of shares

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SBI Slashes Deposit Rates Further | What Should Low Risk Investors Do?

A qualified Financial Advisor can help you select optimal funds that are in line with your risk appetite and investment objectives

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SBI Exclusif To Raise Customer Base To 35,000 By Year-end

The State Bank of India plans to raise customer base of its wealth management service targeting Huns (high net worth individuals) under SBI Exclusif to 35,000 by year end from the present 3,500

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State Bank Of India Sees Profit Boost In Three Years After Bank Units Merged

The head of State Bank of India said she expects a boost to annual profit of as much as Rs 3,000 crore in three years on cost and efficiency gains from the absorption of associate banks

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SBI Sees Cost Savings, No Bad Loans Surprise After Merger With Units

State Bank of India expects no nasty surprises on bad loans after merging five subsidiary banks with itself at the weekend in a deal that will help it save costs and gain scale

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Govt Approves Mahila Bank Merger With SBI For Greater Outreach

Explaining the rationale behind the merger, the finance ministry said the SBI group already has 126 exclusive all-women branches across the country while the Bharatiya Mahila Bank (BMB) has only seven

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SBI Approves Plan To Raise Up To $2.3 Billion In Capital

Ratings agency Fitch estimates India's banks will need about $90 billion to meet global Basel III rules which are due to be fully implemented by March 2019

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SBI Justifies Penalty, Says Needs Money To Cover Jan Dhan Costs

The new charges would be applicable from April 1. The move by the state-run banking major has faced a lot of criticism, including from the opposition parties

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The Transformation Doyenne

Arundhati Bhattacharya is taking the country's biggest bank SBI to even newer heights and unshackling it from its PSU banking culture

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NPAs At Record High: PAC For Naming And Shaming Defaulters

According to the Finance Ministry data, the NPAs of the country's largest lender State Bank of India is Rs 97,356 crore, followed by Rs 54,640 crore of Punjab National Bank and Rs 44,040 crore of Bank of India

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Five Associate Banks To Merge With SBI From April 1

With the merger of all the five associates, SBI is expected to become a lender of global proportions with an asset base of Rs 37 trillion or $555 billion, 22,500 branches and 58,000 ATMs

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