Page 17 - Sbi

HDFC Bank, SBI, others not adhering to norms on bulk SMSes, says Trai

The norms require bonafide entities sending commercial text messages to register message header and templates with telecom operators

Second Covid-19 wave may last 100 days, peak in April-end: SBI report

Says lockdowns not an answer as business activity index declines

Economic indicators improving, 2nd Covid wave may last upto 100 days: SBI

The report authored by Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India states that lockdowns have not resulted in controlling the spread of infection

Our digital transactions have gone as high as 67% now: SBI Chairman

SBI has seen an increase in the number transactions happening at its multiple digital channels, with the percentage moving from 60 per cent in the pre-pandemic period to 67 per cent now, Chairman said

AT1 bonds: Over Rs 11,000 cr worth call option due for SBI in FY22

Here is look at outstanding AT1 bonds of select banks and amount for call option in due in FY22

Advisors push AT1 bonds to HNIs to take advantage of surge in yields

Yields of perpetual bonds issued by State Bank of India and Bank of Baroda, for instance, have gone up by as much as 80-90 basis points (bps), and top recommendation lists of most managers

SBI, IOCL ink India's first Libor alternative rate deal

SBI and IOCL reach an important milestone in Libor transition with a $100 mn deal for 5 years

RBI fines SBI Rs 2 cr for commission payment to employees

The RBI said it fined the bank after finding the lapses while doing statutory audits for the year ended March 31, 2017 and March 31, 2018

Reserve Bank imposes Rs 2 crore penalty on SBI for contravention of norms

RBI imposed a penalty of Rs 2 crore on State Bank of India (SBI) for contravention of norms, including specific directions to the lender on remuneration to its employees in the form of commission.

Stay light; keep an eye on key Nifty levels: Sameet Chavan of Angel Broking

With Friday's move, 15,200 - 15,400 has become a sturdy wall for Nifty and it would really be a daunting task surpassing this in the absence of any major trigger

SBI to conduct e-auctions of 12 bad accounts this month to recover dues

SBI will conduct e-auctions of 12 bad accounts this month to recover dues of over Rs 506 crore under sale to asset reconstruction company (ARC) mechanism

Covid impact: India's combined fiscal gap to reach 12.7% in FY21, says SBI

State Bank of India said in a report published Wednesday that there was a sharp increase in debt in the year to March 31 as states had to borrow more given their lack of resources

Cyber security critical for digital banking success: SBI official

Cyber security is critical for the success of digital banking and banks should create the infrastructure to win customers' trust for all such transactions, a senior SBI official said on Wednesday. Digital banking or Figital is here to stay and is the future but it is equally important to safeguard the interests of all stakeholders, State Bank of India (SBI) Deputy Managing Director and Chief Digital Officer Ravindra Pandey said at a webinar. "It is important to win the customers' trust in any system. It is the objective of banks to create and win the customers' trust, such that all transactions are routed through banks as is presently done by multiple payment apps," Pandey was quoted as saying in a release issued by industry body PHD Chamber of Commerce & Industry. The official said that fintech has bought about changes in the customer mindset and it is an era of techfins rather than fintech. Digital banking has helped in enhancing customer relationship, engagement and ...

Retail loan growth will continue to remain far from encouraging for banks

Retail loan growth at 9.1 per cent for February 12 fortnight is the weakest so far; Nifty Bank index is up 60 per cent in six months

NPCI, SBI Payments join hands to launch "RuPay SoftPoS" for merchants

It will enable the merchants to turn their smartphones into a PoS machine

PSU banks stage a comeback as tactical picks on sustained performance

The combination of low valuations and expected improvement in financials due to lowering credit cost is driving interest

Home loan rate cuts didn't dent the margins: Bankers and analysts

Experts don't see further cuts boosting demand, with rates already at record lows

HDFC, LIC Hsg: Stick to sound HFCs as SBI cuts home loan rate, say analysts

Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts

SBI commits Rs 11 crore to support government's Covid-19 vaccination drive

In order to support the next phase of the government's COVID-19 vaccination drive, the State Bank of India (SBI) has decided to contribute Rs 11 crore to the PM CARES Fund, said an official statement

SBI cuts home loan interest rate by 10 bps to 6.7% linked to CIBIL score

Sanctions loans worth Rs one trillion till date in FY21