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Latest Articles in state bank of india

Nirav Modi case: After Union Bank's $300 million, SBI discloses $212-mn exposure through PNB

Country's largest lender SBI today said it has an exposure of USD 212 million (about Rs 1,360 crore) in respect to letter of undertaking issued by Punjab National Bank to Nirav Modi, but does not have any direct exposure to the absconding jewellery designer.

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SBI Extends Home Loan Processing Fee Waiver To March-End, Cuts Base Rate By 30 BPS

The reduction in base rate, effective from Monday, is going to bring relief for nearly 80 lakh customers of the bank whose loans are still linked to the base rate and not the marginal cost of funds-based lending rates (MCLR)

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SBI Lowers Base Rate, BPLR By 30 BPS; Leaves MCLR Unchanged

SBI did not change the marginal cost of funds-based lending rate (MCLR) which would have brought down the cost for all borrowers.

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State Bank Of India: Coming Together

SBI gained hugely from the merger of its associate banks even as it focussed on retail

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SBI Changes Names, IFSC Codes Of Around 1,300 Branches

"Some of our old associate branches are getting merged with SBI branches. When that merger happens, the IFSC codes get changed," the banks managing director (retail and digital banking), Praveen Gupta, said

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SBI To Hide PAN Info On Tax Refund Envelopes After Activist Raises Concerns

Urjit Patel said he had been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing has changed.

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Will Moody’s Impact M&A?

The international rating agency has also upgraded the ratings of four financial institutions, the State Bank of India, HDFC Bank, Exim Bank and the Indian Railway Finance Corporation

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SBI Q2 Net Up At Rs 1840 Cr; Standalone Profit Slips By 37.9 Percent

On the standalone basis, SBI's profit declined by 37.9 per cent to Rs 1,581.55 crore, from Rs 2,538.32 crore on account of rising in bad loans

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State Bank Of India Eyes Profitable Expansion Outside Home

he Indian government majority-owned bank is also looking at options to re-enter Vietnam, where it closed its office long ago, possibly through a partnership, Sengupta said, noting the Vietnamese economy, and trade between the Southeast Asian nation and India, were growing rapidly

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Little Scope For More Easing Of Lending Rate, Says SBI Chief Rajnish Kumar

Last week, the country's largest lender State Bank of India (SBI) reduced its lending rate for home and auto loans by 0.05 percentage point

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Late, But A Good First Step

Rs 2.11 lakh crore in capital to be infused into state-run banks

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SBI Expects Substantial Portion Of Govt Recapitalisation

The government had announced the recapitalise the public sector banks to the tune of Rs 2.11 lakh crore

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State Bank Of India Cuts Lending Rates, First Time In 10 Months

RBI is keen for banks to lower lending rates further to accelerate credit growth and private investment in an economy growing at its slowest in more than three years

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