SBI cuts MCLR by 35 bps across all tenors

The country’s largest lender State Bank of India on Tuesday said it has cut the marginal cost of funds based lending rate (MCLR) by 35 basis points (bps) across all…

Banks offer emergency salary, business loans

State-owned banks have taken the initiative with loan offerings aimed to minimise the current slowdown’s impact on individuals and small businesses. SBI was the first to launch a Covid Emergency…

SBI to grant special loans to virus-hit borrowers

The country’s largest lender State Bank of India (SBI) has drawn up a scheme to provide additional funding to borrowers whose operations are impacted by coronavirus. The Covid-19 Emergency Credit…

Stress in tourism, aviation on SBI radar

SBI chairman Rajnish Kumar has said the country’s largest bank is keeping a watch on exposures to aviation, hospitality and tourism sectors in the wake of the Covid-19 pandemic. “We…

Arundhati Bhattacharya to be Salesforce India CEO

Former State Bank of India (SBI) chairperson Arundhati Bhattacharya will lead the India operations of Salesforce, one of the world’s leaders in customer relationship management (CRM) software. The $17-billion US…

SBI cuts fixed deposit, lending rates

Making it a second reduction in a month, the public sector bank has reduced retail term deposits (less than Rs 2 crore) by 10 to 50 basis points for a…

Chidambaram slams SBI rescue plan for Yes Bank

Former finance minister P Chidambaram on Saturday questioned the credibility of the resolution plan for Yes Bank proposed by the State Bank of India (SBI) by calling it bizarre, especially…

SBI cuts MCLR by 5 bps across tenors

The country’s largest lender State Bank of India (SBI) on Friday announced a 5 basis points (bps) reduction in its marginal cost of fund-based rate (MCLR) across tenors, effective February…

SBI, 3 others cut deposit, loan rates

State Bank of India (SBI) and three other public sector banks have reduced interest rates on loans as well as deposits after the Reserve Bank of India (RBI) reduced the…

SBI profit jumps 41% to Rs 6,797 crore in Q3

The country’s largest lender State Bank of India (SBI) on Friday reported a 41 per cent jump in net profit to Rs 6,797.25 crore in the October-December quarter this fiscal…

Slowdown may hurt job creation: SBI

The economic slowdown may take a toll on job creation, with around 74 lakh new additions to the payroll during the current financial year, compared to nearly 90 lakh in…

Economic slowdown hits jobs sector: SBI report

The economic slowdown has adversely impacted employment generation in the country as nearly 16 lakh less jobs are projected to be created in FY20 compared to 89.7 lakh fresh jobs…

SBI to refund home loan if builder delays project

State Bank of India (SBI) has launched a loan product that will protect home buyers financially against non-completion of projects that it has funded. The bank has introduced Residential Builder…