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Latest Articles in state bank of india

State Bank Of India Jumps To 12-Week High On Recovery Forecast

The lender, which accounts for more than a fifth of India's banking assets, said on Tuesday it aims to grow loans at an annual average of 12 percent through March 2020, nearly halve its gross non-performing loan ratio, bring down provisioning costs and improve margins

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Cash Situation At ATMs Improving, Says SBI

Several other lenders, including PNB, Canara Bank and Axis Bank claimed that cash shortage at ATMs was limited to select pockets

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State-Run Banks Gain As RBI Allows Lenders To Spread Bond Trading Losses

The RBI has also asked banks to set aside profits on sale of their investments in bonds in a reserve from the current fiscal year

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SBI Closes 4.2 mm SB Accounts For Not Keeping Minimum Balance

The nation's largest lender had re-introduced the charges for non-maintenance of average monthly balance in April last year after a gap of five years

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SBI Reduces Charges On Non-Maintenance Of Minimum Balance

The charges for non-maintenance of AMB for customers in metro and urban centres have been reduced from a maximum of Rs 50 per month plus goods and services tax (GST), to Rs 15 per month plus GST. The above revision will benefit 25 crore bank customers

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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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