Smt. Arundhati Bhattacharya, Chairman, State Bank Of India commented on the RBI Monetary Policy
“The decision to cut repo rate is welcome and timely. With credit demand expected to perk up, we anticipate the rate cut will transmit through the banking system sooner... (more)
Smt. Arundhati Bhattacharya, Chairman, SBI launched the sbiINTOUCHLite series of branches in 3 cities of Kochi, Gurgaon and Pune. 7 sbiINTOUCH branches are currently active in 6 cities. sbiINTOUCHLite would now take the Digital Banking initiative forward to many more towns and cities across the cou... (more)
Smt. Arundhati Bhattacharya, Chairman, SBI launched State Bank mCASH. Now, SBI customers can transfer money to anyone without knowing their Bank account details irrespective of whether the recipient banks with SBI or not. Sender needs to have Internet Banking access either through browser or State ... (more)
After the success of the Her Ghar product which provided a concession in interest rates specifically for women Home Loan borrowers, State Bank of India today launched the Her Ghar Her Car loyalty scheme. Under this, Her Ghar borrowers can go in for a Her Car loan at reduced rates of 10% p.a. ... (more)
State Bank of India launched Online Customer Acquisition Solution (OCAS), an online platform to apply for Home Loans, Car Loans, Education Loans and Personal Loans. The application launched by Smt. Arundhati Bhattacharya, Chairman, SBI will help the customers gauge their eligibility and get a quote... (more)
State Bank of India appointed Rajnish Kumar as the fourth Managing Director to head the Compliance and Risk department. This department has been created for the first time by the Bank to focus on technology upgradation and skill development.
Forbes has named Arundhati Bhattacharya, Chairman, State Bank of India, in its annual 100 ‘Most Powerful Women’ list. Moving up six spots since last year, Smt. Bhattacharya has been ranked 30th in the coveted list.
HIGHLIGHTS FY 15 over FY 14
Net Profit increased by 20.30% from Rs.10,891 crores in FY14 to Rs.13,102 crores in FY15.
Operating Profit increased by 21.19% from Rs.32,109 crores in FY14 to Rs. 38,913 crores in FY15.
Total Interest Income by 11.77% from Rs. 1,36,351 cr... (more)
State Bank of India (SBI) the largest commercial bank in India, pioneer & market leader in financing MSMEs in India, having MSME loan book of approx. Rs.1679 bn as on 3rd quarter of FY 14-15 took one more strategic step towards structured financing to MSMEs. Today SBI enters into a preferred pa... (more)
State Bank of India, country’s premier Bank and PayPal, the world’s leading open digital payments company, today entered into a strategic partnership to promote cross border trade and facilitate payments for SBI and PayPal users both in India and abroad.
The partnership will ena... (more)
