Page 11 - Sbi

BPCL, SBI Card launch co-branded RuPay contactless credit card

Fuel retailer BPCL and SBI Card on Thursday announced the launch of a co-branded RuPay contactless credit card, offering fuel and other benefits. Bharat Petroleum Corporation Limited (BPCL) and SBI Card have joined hands to launch the 'BPCL SBI Card co-branded RuPay Contactless Credit Card', according to a joint release. The card will provide rewarding fuel savings and other benefits to the customers, it said. The card will offer 13X reward points on every Rs 100 spent on fuel purchases at BPCL petrol pumps and a 1 per cent fuel surcharge waiver on every transaction up to Rs 4,000, translating to 4.25 per cent value back. Cardholders will also get accelerated savings on other categories of spends, which include groceries, departmental stores, dining, and movies. They will get 5X reward points on every Rs 100 spent on groceries, departmental stores, movies, and dining, among others. Besides, the customers can earn 2,000 activation bonus reward points worth Rs 500 on payment of the

Retail depositors earning negative returns; relook taxes on interest: SBI

If not for all the depositors, the taxation review should be carried out for at least the deposits made by senior citizens who depend on the interest for their daily needs, the SBI economists said

Top headlines: SBI likes Tata Air India bid; markets sweat over Evergrande

McLeod Russel India, the country's largest tea producer, bubbles out of insolvency. Metal stocks crash over fears about China's Evergrande. More in top headlines of the day

State Bank of India prepared to support Tata group's bid for Air India

Holding company's 'AAA' rating will make it a formidable player: Bankers

SBI Focused Equity Fund: Long-term wealth creator for investors

Investment objective of scheme is to provide investors with opportunity of long-term capital appreciation by investing in a concentrated portfolio of equity and equity-related securities

Market cap of four of top-10 most-valued cos jumps Rs 65,464 crore

Bharti Airtel and State Bank of India emerging as the biggest gainers

Housing demand to rise on SBI's decision to offer loan at 6.7%: Realtors

India's residential property market is expected to witness a strong consumer demand during the festival season with various banks

NARCL boost: Select PSU Banks can rally up to 25%; SBI may hit Rs 500-level

The Finance Minister in Budget 2021-22 announced that the high level of provisioning by public sector banks of their stressed assets calls for measures to clean up the bank books

SBI reduces home loan rates, standardises them ahead of festive season

It will offer credit score-linked home loans at 6.70% irrespective of the loan amount; distinction between salaried and non-salaried borrowers removed

SBI cuts home loan interest rate to 6.7%, waives processing fees

SBI announces festive bonanza for home buyers

PSU Bank index up 4% ahead of FM press conference; SBI nears record high

A media report said the FM is expected to make announcements about a proposal to set up a bad bank

Sensex ends at record high, up 476 pts; Voda Idea gains 3% on govt relief

Both Sensex and Nifty hit fresh record highs in intra-day deals on Wednesday

Household debt may have declined to 34% in Q1 FY22, says SBI report

The household debt as a percentage of gross domestic product (GDP) may have declined to 34 per cent in the first quarter of 2021-22, according to an estimate by the State Bank of India's research report Ecowrap. The COVID-19 pandemic has resulted in a spike in household debt to the GDP rate. As per the report, it rose sharply to 37.3 per cent in 2020-21 from 32.5 per cent in 2019-20. We estimate that household debt as a percentage of GDP has declined to 34 per cent in Q1 FY22 with the commensurate rise in GDP in the first quarter, though it has increased in absolute terms, the research report released on Wednesday showed. In absolute numbers, the household debt has increased to Rs 75 lakh crore in the first quarter of FY22 from Rs 73.59 lakh crore in FY21, it said. It said the recently released India Debt & Investment Survey (AIDIS) report for 2018 showed an increase in the average amount of debt among rural as well as urban households between 2012 and 2018. The average amount of

State Bank of India to cut base rate by 5 bps to 7.45%, also reduce PLR

Also, it has cut its prime lending rate by 5 bps to 12.20 per cent

Banks call on government to ease pressure on debt-laden Vodafone Idea

Banks led by State Bank of India have called on the Indian government to give debt-laden Vodafone Idea more time to clear its tax dues and spectrum fees

Andhra appoints former SBI chief Rajnish Kumar as economic advisor

A former SBI chairman, Rajnish Kumar's tenure in the cabinet rank position is for two years.

Stocks to watch: Vedanta, Coal India, Hindustan Zinc, Eicher Motors, SBI

Indian Energy Exchange (IEX) has recorded an all-time high monthly trade of 9,538 million units (MU) in August which is 74 per cent higher compared to the same month last year.

SBI raises Rs 4,000 crore via AT1 bonds, coupon fixed at 7.72%

This was SBI's first such issuance at home after Sebi's new rules; bids in excess of Rs 10,000 crore were received against a base issue size of Rs 1,000 crore

India's GDP likely to grow at 18.5% in Q1FY22: SBI report

The country's gross domestic product (GDP) is expected to grow at around 18.5 per cent with an upward bias in the first quarter of the current financial year, according to SBI research report Ecowrap

SBI Card raises Rs 500 cr by issuing bonds on private placement basis

SBI Cards and Payment Services (SBI Card) has raised Rs 500 crore by issuing bonds on a private placement basis.