The market regulator SEBI has, at last, got tough with big corporates’ reluctance to issue bonds for their long-term needs which in its perception are a time span of more than a year. To start with it wants ‘AA’ rated companies with long-term borrowings of Rs 100 crore or more to access the capital market with issuance […]
HIGHLIGHTS On Monday morning, the SBI stock was up almost 5 percent despite posting a record Rs 7,718 crore loss in the fourth quarter SBI can heave a sigh of relief as it had earlier indicated about Rs 50,000 crore of bad loans, but the new numbers are lower at about Rs 33,000 crore […]
Customers holding SBI savings bank accounts in metro, urban, semi-urban and rural branches need to pay different penalty amounts for non-maintenance of monthly average balance. SBI or State Bank of India, which accounts for more than a fifth of India’s banking assets, charges a penalty up to Rs. 100 (plus GST of 18 per cent) […]
SBI has said that its savings bank account customers will continue to get eight free ATM transactions in metro cities and 10 free transactions in non-metro cities. State Bank of India or SBI has in recent months revised its charges on various services like ATM withdrawal, cash transactions, issuance of cheque books, exchange of soiled […]
SBI has said that its savings bank account customers will continue to get eight free ATM transactions (five at SBI ATMs and three at ATMs of other banks) in metro cities and 10 free transactions in non-metro cities (five at SBI ATMs and five at ATMs of other banks). State Bank of India or SBI […]
The State Bank of India merged its five subsidiaries and Bharatiya Mahila Bank, which led to creation of the 45th largest bank in the world. State Bank of India chairperson Arundhati Bhattacharya on Tuesday called for more consolidation among the public sector banks, saying this could reduce their dependence on government for capital. The statement […]
SBI Savings Account: Minimum Balance Non-Maintenance Charges, How To Avoid It. For savings accounts with average balance of more than Rs. 2,500, SBI will charge a penalty of Rs. 50, plus taxes for not maintaining monthly average balance. SBI or State Bank of India, which accounts for more than a fifth of India’s banking assets, charges a penalty up […]
“State Bank of India has taken another step towards customers’ convenience by launching ‘SBI Realty’ – a one stop integrated website www.sbirealty.in for home buyers,” the bank said in a statement. New Delhi: India’s largest commercial bank SBI today said it has launched a dedicated portal ‘SBI Realty’ that will help home buyers to choose […]