News

The tenor of these bonds is 15 years

The bank has put the reserve price for the e-auction, scheduled to be held on September 28, 2022, at Rs 22.13 crore

The tenor of these bonds is 10 years

The new office will focus on nurturing and giving a boost to the start-up ecosystem

The Executive Committee of the Central Board of the Bank at its meeting held on January 3, 2023 accorded approval for the same

India’s largest lender will be on lending $ 295 million, or over Rs 2,500 crore of loans, to the country’s farmers

Final approval for setting up the subsidiary has since been received from RBI on June 30, 2022

Total consolidated income of the bank increased by 40% at Rs 132332.78 crore for Q1FY24

Total consolidated income of the bank increased by 21.71% to Rs 127218.97 crore in Q3FY23

This product simplifies the process of achieving financial goals, allowing customers to plan and save effectively

SBICAPS ADGM branch has received a Category 4 license from the Financial Services Regulatory Authority

Total consolidated income of the Bank increased by 25.68% at Rs 144256.12 crore for Q2FY24

The consolidated total income of the bank increased by 7.38% at Rs 175,897.79 crore for Q2FY26

With this move, the bank aims to deliver unprecedented convenience and accessibility to its customers

Post divestment, SBI does not hold any stake in the HDFC Venture Capital

The acquisition will be completed by December 15, 2023

Total consolidated income of the bank increased by 20.30% at Rs 153071.64 crore for Q3FY24

The proceeds will be allocated to eligible green projects according to the Bank’s ESG Financing Framework.

The estimated cost of capital for the said acquisition will be Rs 708.07 crore

Consolidated total income of the bank increased by 8.88% at Rs 179562.32 crore for Q4FY25

Total consolidated income of the bank increased by 13.49% to Rs 1,14,782.48 crore for Q2FY23

The largest lender in the country took a year to book the last Rs 1 lakh crore of advances

Under this scheme, it will offer various benefits and features to all serving and retired Air Force personnel and their families

The nation’s largest lender, which is into the 217th year of operations, launched the app in 2014

This agreement will be executed in the ongoing 2023-24 fiscal

The initiative is aimed at driving financial innovation and digital transformation as well as advancing financial inclusion

The total staff strength of the bank stood at 2,32,296 as of March 2024

WAAREE has entered into an Agreement with SBI for availing unsecured financing for solar projects

Total consolidated income of the bank increased by 1.35% at Rs 94524.30 crore for Q1FY23

The total consolidated income of the bank increased by 9.77% at Rs 1,66,991.82 crore for Q1FY26

As per the agreement, the bank will provide financial assistance in the form of ease of doing business to investors in the UP Defense Industrial Corridor

The vehicle loans can be availed through SBI’s mobile app YONO as well as offline

Total consolidated income of the bank increased by 13.55% at Rs 163802.38 crore for Q2FY25

The lender will hold an e-auction to sell the account to ARCs/financial institutions on August 5, 2022

The bank has received approval from Central Board of the Bank for raising funds in INR and / or any other convertible currency by issue of debt instruments

The proceeds of bonds will be utilized in augmenting Additional Tier 1 Capital and overall capital base of the Bank and for strengthening capital adequacy in accordance with RBI Guidelines

Farmers and retailers can now buy Rukart’s Subjee Cooler with ease through SBI’s affordable EMIs

The bank has received approval from Executive Committee of the Central Board of the Bank to divest equity shares in Yes Bank

The primary aim of this branch is to provide end-to-end support to startups at every stage of their journey

The penalty has been imposed for non-compliance with certain directions issued by RBI

The auction of NPAs will include accounts of Sintex BAPL with an outstanding of Rs 197.74 crore

The said AT 1 Bond issue is in compliance with SEBI (LODR) Regulations, 2015 and SEBI (ILNCS) Regulations, 2021

The Executive Committee of the Central Board is scheduled to have a meeting on April 18, 2023 to consider the same

SBI introduced a specialised financial product Svyam Siddha, exclusively tailored for SHG women entrepreneurs seeking loans up to Rs 5 lakhs

The bank has proposed to participate in an Initial Public Offering of National Securities Depositories

With these partnerships, nurture.farm aims to offer its insurance solutions to nearly 2 million farmers in 2022-23

SBI crossed Rs 5 lakh crore AUM mark in January 2021

Currently, SBI manages about 79,000 such CSPs that act as a mini bank by carrying out limited transactions and sourcing business

Agniveers with a salary account at SBI can avail loans up to Rs 4 lakh without any collateral and with a complete waiver of processing fee

The Central Board of the Bank at its meeting held on December 14, 2022, accorded approval for the same

The Central Board of the Bank in its meeting held on July 16, 2025, inter alia, has accorded approval for the same

The scheme is available from April 12, 2023 till June 30, 2023

The petition has been filed under Section 7 of Insolvency and Bankruptcy Code 2016

In coming six months, the bank is also planning to open new branch in Gurgaon and Hyderabad to help new start-ups

The MoU was signed with the intent of promoting awareness about the new loan product called ’Produce Marketing Loan’

The long-term loan, under the Indo-German solar partnership, will facilitate new and upcoming capacities in the solar sector

Currently, SBI offers Yono Global services in 9 countries, starting with the UK operations in September 2019

Borrowers who are interested in availing relief must approach their home branches or any nearby SBI branch by August 31, 2023

The proceeds of bonds will be utilized in enhancing long term resources for funding infrastructure and affordable housing segment

This initiative fulfils a long-standing demand from NRI customers for a hassle-free way to open and manage their accounts in India

The bonds are issued for a tenor of 15 years

Post the aforesaid divestment, SBI will continue to remain a shareholder in Yes Bank with a holding of 10.8%

The Executive Committee of the Central Board in its meeting on April 18, 2023 has approved the same

KSK Mahanadi Power Company had total loan outstanding of Rs 3,815.04 crore towards SBI as of April 2022

The proceeds of bonds will be utilized in enhancing long term resources for funding infrastructure and affordable housing segment

The Competent Authority of the Bank, on July 18, 2023, has approved the same

Post conclusion of the transaction, the Bank’s shareholding in JPBL has been reduced to nil

Total consolidated income of the bank increased by 26.67% at Rs 136,852.39 crore for Q4FY23

The partnership with SBI is a testament of the company’s efforts to improve farmer’s confidence in sustainable oil palm farming

The bank has raised Rs 5000 crore at a coupon of 8.34%

Post-acquisition, the Bank will be holding 100% stake in CIBL

The bank’s board has approved the same at their meeting held on July 20, 2022

The collaboration aims to create an integrated pension portal to enhance ease of living of pensioners

The new Corporate Office in Mumbai’s financial hub is planned to leverage the immense potential of this dynamic business hub

This collaborative model will ensure that the centre’s initiatives remain relevant, impactful, and aligned with the needs of the sector

The Bonds are perpetual and there is no maturity date

This is an indicator of the trust the investors place on the country’s largest Bank

The bank has strengthened its footprint in Tamil Nadu, with the inauguration of 14 new branches, 2 Home Loan centres, 2 modern Rural Self Employment Training Institutes, among others

The facility is offered through SBI’s Bhim SBIPay mobile application

The entire purchase consideration equivalent to Rs 121.29 crore has been remitted to Canara Bank

The Surety insurance product consists of a wide range of bonds, such as bid bonds, advance payment bond, performance bond, and retention money bond

The issue attracted an overwhelming response from investors with bids in excess of 3.5 times against the base issue size of Rs 2,000 crore

The agreement aims to offer a seamless suite of credit solutions ahead of the electric automaker’s first product rollout in the country

A meeting of the Executive Committee of the Central Board of the Bank is scheduled to be held on November 29, 2022 to consider the same

This action is based on the deficiencies in regulatory compliance

This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 51 (1) of the BR Act

All these issues have attracted overwhelming response from investors

The Bonds will be issued through its London branch as of May 05, 2023

The aim of the new feature is to empower every section of society by removing barriers for accessing financial security

The loan is of $500 million of primary issue and an equal amount in greenshoe option

A meeting of the Executive Committee of the Central Board of State Bank of India is scheduled to be held on January 03, 2023 to consider the same

Post investment, SBI will hold 9.54% shareholding in Perfios AA through subscription of 8,05,520 equity shares

The fund was raised at INX’s Global Securities Market, GIFT International Financial Services Centre at Gandhinagar from global investors

The Executive Committee of the Central Board in its meeting on Nov 22, 2022 has approved the same

After the disposal of share, holding of the bank in MSP Steel & Power stood at 4.83%

MoU aims to strengthen banking services infrastructure across 26 land ports bordering neighbouring countries

The bank’s competent authority has accorded in-principle approval to set up a wholly owned subsidiary at IFSC Gift City

The collaboration enables VinFast to leverage SBI’s extensive pan-India branch network and digital platforms to reach customers across both urban and emerging markets