According to National Payments Corporation the banking system had reached a record of 1 lakh ATMs at the end of October. The total number of ATM stood at 1,04,500. The company is the one operating National Financial Switch for connectivity between banks and ATMs. Banks are also responsible of handling their quarterly reports in the […]
Nothing is stopping the State Bank of India from expanding with their plans to add 1,200 branches this fiscal. This information was given by their Managing Director and Group Executive A. Krishna Kumar. For the record, the bank was able to add 645 branches in fiscal 2011-12. For the past three years, the bank was […]
On Thursday, from an overseas-dollar-dominated bond sale, State Bank of India was able to raise $ 1.25 billion (Approx Rs. 6875 Crore in Indian Currency). For the record, this would be considered as the largest single-tranche offering by a public sector bank from India. A 4.125 per cent five-year-note was issued by SBI London branch […]
The State of India had announced that they have a growing business so far which is among the reason why they are planning to recruit about 10,500 employees for this current fiscal. Base on the statement given by SBI chairman Pratip Chaudhuri, the bank will be making way for 9,500 clerical appointments and nearly about […]
Good news for those who are planning to established a small business since SBI cuts its lending rates between 0.5 – 3.5%. This fact would surely drive a lot of lenders to State Bank of India (SBI). As we all know, one of the problems when it comes to building a business is the fact […]
For the current fiscal year, State Bank of India (SBI) is planning to hire 9,500 employees. This is to focus more on retail banking. This is surely good news for people in India who are currently looking for some work. According to their Chairman, Mr Pratip Chaudhuri, the bank is hiring this number of employees […]
In order to take the lead, State Bank in India (SBI) decided to launch a personal loan scheme against property loans which is quite becoming known to a lot of people these days. The loan that the bank offers is at interest rates lower than that of some of its competitors. The targets of this […]
India’s largest bank – State Bank of India has reported massive profit and net income figures for Q4 2012.The bank has clocked Rs. 33,959.54 crores in total revenue in Q4 and has reported a huge net profit to the tune of Rs. 4050.27 crores, which is almost a 2000% increase as compared to the Rs. […]
