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adminMay 25, 2021

Kolkata : Leading private insurer SBI Life Insurance on Monday said it has signed a ‘bancassurance’ pact, with state-run Allahabad Bank to offer a financial planning solution to consumers. One of the largest bancassurance partnerships in the country will see 3,238 branches of the bank across the country offering the insurer’s a range of protection, […]

adminMay 25, 2021

Chennai : In an effort to expand its bancassurance channel, non-life insurer SBI General Insurance Company Ltd is in talks with state-run as well as privately-held banks for distributing its products, said a senior official on Thursday. Currently, a major chunk of the insurer’s premium is obtained from its bancassurance partners like the parent State […]

adminMay 25, 2021

The bankruptcy of the infrastructure lending giant IL&FS is a result of poor corporate governance by the BJP Govt: Sanjay Nirupam By Asmita Jadhav, Mumbai: Mumbai Congress President Sanjay Nirupam today claimed that PM Modi and Finance Minister Arun Jaitley have been pressurizing the state-owned LIC and SBI to bail out the debt ridden Infrastructure […]

adminMay 25, 2021

Mumbai : The State Bank of India (SBI) has donated Rs 2 crore for the Kerala flood victims and initiated several other ground-level measures in the deluged state, an official said on Saturday. The SBI has encouraged all its 270,000 staffers to contribute to the Chief Minister’s Distress Relief Fund (CMDRF), and the bank would […]

adminMay 25, 2021

Mumbai : Cash withdrawals from ATMs actually declined in the January-March quarter of last financial year on the sequential basis, implying the current shortage could be “superficial”, a report from State Bank of India said on Thursday. “Coming to withdrawals, the Q-o-Q (quarter to quarter) ATM cash withdrawal trend indicates that there has been a […]

adminMay 25, 2021

New Delhi : The RBI’s decision to discontinue the Letters of Undertaking (LoUs) or Letters of Comfort (LoC) might increase the credit cost for imports as it will lead to a shift towards “other off-balance sheet” products, said a State Bank of India (SBI) report on Friday. According to SBI Ecowrap report, the shift to […]

adminMay 25, 2021

By Taponeel Mukherjee, The State Bank of India’s (SBI) decision earlier this week to not fund interest payments during the infrastructure construction phase is not only a move to manage its exposure to infrastructure going forward, but also a call to think of innovative solutions to finance the construction phase of infrastructure projects in India. […]

adminMay 25, 2021

Mumbai : State-run State Bank of India (SBI) on Monday announced a hefty reduction in its lending base rate from the New Year by 30 basis points (bps), to 8.65 per cent per annum. With this reduction from the earlier base rate of 8.95 per cent, SBI’s base rate has become the lowest among commercial […]

adminMay 25, 2021

New Delhi : A day after Reliance Communications (RCOM) announced it was selling its wireless assets to Reliance Jio, State Bank of India Chairman Rajnish Kumar on Friday termed it a good development and would hopefully set an example for other promoters. “It is a very good and welcome development. The banks have been fully […]

adminMay 25, 2021

New Delhi : State Bank of India (SBI) will unveil the country’s first integrated lifestyle and banking digital platform on Friday to be launched here by Finance Minister Arun Jaitley, according to a statement from the public sector bank. YONO, the acronym for ‘You Only Need One’, will be the first digital banking platform to […]

Tag: sbi

SBI Life Insurance signs ‘bancassurance’ pact with Allahabad Bank

SBI General Insurance in talks with banks to expand bancassurance partners

Sanjay Nirupam demands that the Modi-led BJP Govt should stop pressurizing LIC and SBI to bail out the debt ridden IL&FS

SBI contributes Rs 2 cr for flood-hit Kerala

Current currency shortage could be superficial: SBI Report

Credit cost to rise as LoUs issuance discontinued: SBI Ecowrap

Construction Bank: Way to bridge the infrastructure deficit

SBI cuts base rate to 8.65% to benefit retail borrowers

RCOM’s decision to monetise wireless assets a good development: SBI Chairman

SBI to launch YONO lifestyle-cum-banking app, portal

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