The State Bank of India (SBI), country’s largest commercial bank, generates about 50% of mobile banking transactions according to RBI Data. SBI, with over 1.15 crore registered mobile banking customers, has become the undisputable market leader in this segment and way ahead of the nearest com... (more)
In view of abundant liquidity coupled with slower than anticipated credit pick up, State Bank of India (SBI) has decided to cut the deposit rates by 25 basis point to 8.75% in the 1-3 year category w.e.f.18.09.2014. Simultaneously, the bank has also decided to increase the deposit rate by 25 basis ... (more)
Bloomberg Markets has named Arundhati Bhattacharya, Chairman, State Bank of India, in its fourth annual “50 Most Influential list”. The much coveted list appeared in the magazine's October 2014 special issue. Mrs. Bhattacharya has been featured in the “Bankers” category ... (more)
State Bank of India is honoured with the Dun & Bradstreet – Polaris Financial Technology Banking Awards 2014 in the Best Public Sector Bank – Retail, Best Public Sector Bank - Rural Reach, Best Public Sector Bank - Technology Adoption categories.
Dun & Bradstreet (... (more)
As a step towards bridging India’s growing urban-rural divide, the one-year SBI Youth for India Fellowship Programme provides a platform for outstanding young professionals & graduates from metro/urban centres to work on rural development projects of NGOs at 35 locations across 15 states ... (more)
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State Bank of India (SBI) and Japan Bank for International Cooperation (JBIC) today signed a loan agreement to set up an export credit line. The loan is co-financed with the Bank of Tokyo-Mitsubishi UFJ Ltd (BTMU) which brings the total co-financing amount to JPY 13.5 billion and USD 21 million app... (more)
A quote from SBI Chairman, Smt. Arundhati Bhattacharya on financial inclusion scheme under the Pradhan Mantri Jan Dhan Yojana - “With evidence of economy bottoming out, the stage is now set for a palpable growth revival through incremental steps. Inflation, though subsided remains a ling... (more)
The interest rates on SBI home loans were reduced significantly w.e.f. 20th December, 2013 and a separate interest rate structure was also rolled-out for our Woman Home Loan borrowers.
It has now been decided to offer uniform interest rate on Home Loans w.e.f. 26th August , 2014, irrespecti... (more)
HIGHLIGHTS
• Operating Profit increased by 16.37% from Rs.7,551 crores in Q1FY14 to Rs. 8,788 crores in Q1FY15.
• Net interest income increased by 15.12% from Rs. 11,512 crores in Q1 FY 14 to Rs.13,252 crores in Q1 FY 15.
• Fee income increased by 10.90% from ... (more)
