Country’s leading Public bank service State Bank of India (SBI) is planning to hire 2, 500 more probationary officers soon. Last month, SBI announced a notification for recruitment of 8, 500 clerks and 1, 000 stenographers. Managing director, SBI mentioned that total recruitment for this year could be around 12, 000 officers and clerks throughout […]
India’s biggest nationalized bank State Bank of India (SBI) has decided to deduct rates on some of the loans provided by them. SBI is planning to reduce the rates in the sector-specific loans, though the Reserve Bank of India (RBI) hasn’t cut down the repo rate till date. The bank’s asset liability committee (ALCO) will […]
State Bank of India introduced the one-time settlement (OTS) scheme which will help the micro, medium and small industries to establish and to grow their business. To attract more people, SBI is offering many discounts. State Bank of India SBI observed a net increase of Rs. 3902 crore in bad loans in its MSME portfolio. […]
It is good news for all the students and education aspirants and also their parents as various banks are planning to decrease the existing interest rates. India’s largest lender, State Bank of India (SBI) is giving a thought to cut interest rates on education loans on basis points from 25-100 across various maturities. This with […]
State Bank of India, country’s leading bank operator is now in a difficult situation. SBI needs to raise funds of about $3 billion (Rs. 15000 Crore) to meet the loan demand. Apart from $1.6 billion (Close to Rs. 8000 crore) assured by the government, the bank needs to raise more funds. Worsening economy is resulting […]
State bank of India received the Finance Ministry approval for a capital infusion of 60-80 billion rupees. Diwaker Gupta, chief financial officer, confirmed last month that the bank had received formal notification from the government on capital infusion. The bank, has sought Rs.200 billion since 2010 from Government to order to develop its capital base […]
The largest lenders of the country, SBI and ICICI Bank saw a downfall of their share value on predominant concerns about rising assets due to the exposure to airline companies. The chairman of SBI, Mr Pratip Chaudhuri, declared that Kingfisher Airlines, being the Non-performing asset to SBI, is in default. Kingfisher has been finding it […]
