Thursday, March 30, 2023

SBI

SBI hikes deposit, lending rates

The country’s largest lender SBI has raised its deposit and lending rates following the Reserve Bank’s repo rate hike last week.SBI said interest rates have been raised by 0.20 per cent on domestic term deposits of below Rs 2...

SBI loses market share in debit card spends in FY22

State Bank of India (SBI) lost market share in debit card spends between March 2021 and March 2022, even as it managed to hold on to or improve its share in most other lines of business. The lender’s annual...

SBI Research revises India’s growth

SBI Research revises up India’s FY23 economic growth forecast to 7.5%SBI Research has projected the Indian economy to grow at 7.5 per cent in 2022-23, an upward revision of 20 basis points from its earlier estimate.As per official data,...

Bank employee shot dead in Kashmir

Terrorists shot dead a bank employee from Rajasthan inside the bank premises in Kashmir’s Kulgam district on Thursday, the eighth targeted killing in the Valley since May 1 and the third of a non-Muslim government employee.Vijay Kumar, a manager...

Good news for SBI salary account customers

SBI salary account holder? The State Bank of India on May 23 announced the introduction of Real Time Xpress Credit (RTXC) on YONO. The country’s largest lender said in a statement that RTXC has been launched with an aim...

AIDA-SBI Gram Seva organizes ‘cultural mela’

Coinciding with the “World Day of Cultural Diversity for Dialogue and Development”, the AIDA-SBI Gram Seva organized “cultural mela” by bringing together the five adopted villages at Bade Village on Saturday.The mela was inaugurated by SDO Chumoukedima, Temsuchuba Jamir...

Inflation will take time to moderate even after rate hikes: SBI

Amidst the continued rise in inflation, it is now almost certain that the Reserve Bank of India (RBI) will raise key policy rates in the June and August policy review meetings, thereby taking it to the pre-pandemic level of...

SBI lines-up 12 NPA accounts for sale to ARCs

The country’s largest lender SBI has lined-up a dozen non-performing assets (NPAs) on sale to recover loan dues of over Rs 820 crore, as per the bank’s notifications. In terms of the bank’s policy on sale of financial assets,...

4 adopted villages receive farming tools

ANMA Integrated Development Association (AIDA)-Don Bosco, implementing SBI Gram Seva programme in Dimapur handed farm mechanisation equipment to farmers’ club of four adopted villages of Urra, Khriezephe, Bade and Diezephe on Monday.A press release from AIDA informed that while...

SBI stops transactions related to Russian entities under sanctions

State Bank of India, the nation’s largest lender, has stopped processing transactions of Russian entities that have been sanctioned by the West over Moscow’s invasion of Ukraine, sources said.To effect this, SBI has issued a circular as it fears...