state bank of india

Gang of fraudsters busted, three arrested from UP


September 19th, 2012 - 11:10 pm ICT by IANS
New Delhi, Sep 19 (IANS) Three members of an international gang of fraudsters have been arrested for duping hundreds of people in the country of crores of rupees, police said ... Read more...

Posted in Uncategorized |

SBI Cards expects Rs.2,700 crore total asset base


September 13th, 2012 - 6:45 pm ICT by IANS
Kolkata, Sep 13 (IANS) SBI Cards, the second largest credit cards issuing firm in India, is expecting that its total asset base would be around Rs.2,700 crore at the ... Read more...

Posted in Business |

Sensex closes flat; metal, healthcare stocks gain (Lead)


September 10th, 2012 - 5:37 pm ICT by IANS
Mumbai, Sep 10 (IANS) A benchmark index of Indian equities markets closed 17 points up Monday with metals, health care and consumer durables stocks gaining.The 30-scrip sensitive index (Sensex) ... Read more...

Posted in Business |

Sensex marginally up; metal, healthcare stocks rally


September 10th, 2012 - 1:32 pm ICT by IANS
Mumbai, Sep 10 (IANS) A benchmark index of Indian equities markets was trading 5.82 points higher around 11.30 am trade Monday, as metals, health care and consumer durables stocks ... Read more...

Posted in Business |

SBI cuts interest rates on NRE deposits by 0.50 percent


September 5th, 2012 - 5:54 pm ICT by IANS
New Delhi, Sep 5 (IANS) State Bank of India (SBI), the country's largest lender, said Wednesday it will cut interest rates on fixed deposits on non-resident external rupee (NRE) ... Read more...

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SBI cuts fixed deposit rates by up to 1 percent


September 5th, 2012 - 5:21 pm ICT by IANS
New Delhi, Sep 5 (IANS) The country's largest lender State Bank of India (SBI) said Wednesday it will cut interest rates on term deposits by 0.50 percent to 1 ... Read more...

Posted in Business |

Sensex closes 160 points down on low GDP report (Roundup)


August 31st, 2012 - 7:48 pm ICT by IANS
Mumbai, Aug 31 (IANS) A benchmark index of Indian equities markets Friday closed 160 points lower as fresh data showed India's gross domestic product (GDP) grew at a much ... Read more...

Posted in Business |

RBI ticks off SBI chairman


August 27th, 2012 - 9:07 pm ICT by IANS
Chennai, Aug 27 (IANS) A senior Reserve Bank of India (RBI) official Monday ticked off the chairman of State Bank of India (SBI) in public, saying he should look ... Read more...

Posted in Business |

SBI wants CRR phased out for ‘more efficient’ banking (Lead)


August 23rd, 2012 - 10:38 pm ICT by IANS
Kolkata, Aug 23 (IANS) The country's largest public sector lender, the State Bank of India (SBI) has strongly proposed phasing out of Cash Reserve Ratio (CRR) to make ithe ... Read more...

Posted in Business |

SBI expects another Rs.40 billion capital infusion


August 23rd, 2012 - 7:36 pm ICT by IANS
Kolkata, Aug 23 (IANS) The State Bank of India (SBI) Thursday said its meeting with the central government on capital infusion could take place this week and that it ... Read more...

Posted in Business |

West Bengal exhorts financial players to invest in state


August 23rd, 2012 - 6:52 pm ICT by IANS
New Delhi, Aug 23 (IANS) The union urban development ministry and the West Bengal government Thursday exhorted banking and financial institutions to set up their branches at its International ... Read more...

Posted in Business |

Bank strike hits customer services in Karnataka


August 23rd, 2012 - 6:20 pm ICT by IANS
Bangalore, Aug 23 (IANS) Customer services in both state-run and private banks across Karnataka were severely affected for the second consecutive day Thursday as thousands of their employees and ... Read more...

Posted in Business |

SBI favours phasing out of CRR


August 23rd, 2012 - 5:16 pm ICT by IANS
Kolkata, Aug 23 (IANS) The country's largest public sector lender State Bank of India has strongly proposed phasing out of Cash Reserve Ratio (CRR) from the banking system, its ... Read more...

Posted in Business |

Reliance Life Insurance in talk with banks for tie-up


August 19th, 2012 - 5:52 pm ICT by IANS
Bangkok, Aug 19 (IANS) The Reliance Life Insurance Company, a unit of the Anil Ambani-led Reliance Capital, is in talks with several public and private sector banks to utilise ... Read more...

Posted in Business |

SBI profit more than doubles to Rs.3,751.56 crore


August 10th, 2012 - 4:13 pm ICT by IANS
Mumbai, Aug 10 (IANS) The country's largest lender State Bank of India (SBI) Friday said its net profit more than doubled to Rs.3,751.56 crore for the quarter ended June ... Read more...

Posted in Business |

ATM with Rs.30 lakh destroyed in fire


August 8th, 2012 - 10:22 am ICT by IANS
Agra, Aug 8 (IANS) A State Bank of India ATM loaded with Rs.30 lakh in cash was destroyed after it caught fire in a Uttar Pradesh town Tuesday night, ... Read more...

Posted in Uncategorized |

Sensex up 166 points; auto, bank, IT stocks soar


August 7th, 2012 - 3:37 pm ICT by IANS
Mumbai, Aug 7 (IANS) A benchmark index of Indian equities markets was trading 166 points up around 1.30 p.m. Tuesday, on good buying in auto, bank, information technology (IT) ... Read more...

Posted in Business |

SBI cuts interest rates on term deposits


August 2nd, 2012 - 5:19 pm ICT by IANS
Mumbai, Aug 2 (IANS) The country's largest lender State Bank of India (SBI) Thursday said it will reduce interest rates on domestic term deposits of five year period or ... Read more...

Posted in Business |

Sensex jumps 304 points ahead of RBI policy review (Lead)


July 30th, 2012 - 6:56 pm ICT by IANS
Mumbai, July 30 (IANS) A benchmark index of Indian equities markets rallied nearly two percent Monday, the biggest gain in almost a month, led by strong buying support in ... Read more...

Posted in Business |

Sensex rallies 250 points ahead of RBI policy review


July 30th, 2012 - 3:25 pm ICT by IANS
Mumbai, July 30 (IANS) A benchmark index of Indian equities markets rallied over 1.5 percent in the afternoon trading Monday, led by strong buying support in interest rate sensitive ... Read more...

Posted in Business |

Railway stations to have coin vending machines by August


July 13th, 2012 - 7:53 pm ICT by IANS
New Delhi, July 13 (IANS) The next time you are short of change while booking a train ticket, help could be nearby.The railways Friday said it has decided to ... Read more...

Posted in Business |

HPL plans to hike production for turnaround


July 11th, 2012 - 11:19 pm ICT by IANS
Kolkata, July 11 (IANS) Attempting a turnaround, cash-strapped Haldia Petrochemicals Ltd (HPL) is planning to increase its production to 240 tonnes per hour and will perform a technical audit ... Read more...

Posted in Business |

Three killed, 15 injured in bus mishap near Gurgaon


July 10th, 2012 - 9:24 pm ICT by IANS
Gurgaon, July 10 (IANS) At least three people were killed and 15 others injured, some of them critically, when an overspeeding bus overturned on the Delhi-Jaipur highway in Dharuhera ... Read more...

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Indian Oil, Reliance lead Indian 8 in Fortune 500


July 10th, 2012 - 11:24 am ICT by IANS
Washington, July 10 (IANS) Eight Indian companies have made it to Fortune magazine's 2012 list of world's 500 largest companies with public sector Indian Oil and Mukesh Ambani-led Reliance ... Read more...

Posted in Business |

Bankers ask RBI to ease liquidity


July 9th, 2012 - 6:17 pm ICT by IANS
Mumbai, July 9 (IANS) Top bankers Monday urged the Reserve Bank of India (RBI) to ease liquidity in the banking system to help revive industrial growth.Executives of leading lenders ... Read more...

Posted in Business |

HPL management’s meet with lenders remains unfruitful


July 4th, 2012 - 1:31 am ICT by IANS
Kolkata, July 3 (IANS) The Haldia Petrochemicals Ltd (HPL) management's meeting with lenders for getting Rs.10 billion worth of working capital for the cash-strapped firm did not work out ... Read more...

Posted in Business |

SBI waives minimum balance for savings accounts


July 3rd, 2012 - 8:25 pm ICT by IANS
New Delhi, July 3 (IANS) The country's largest lender, State Bank of India (SBI), Tuesday announced that it has done away with the minimum balance requirement for savings ... Read more...

Posted in Business |

Kidnapped SBI cashier in Meghalaya still untraced


July 2nd, 2012 - 6:57 pm ICT by IANS
Shillong, Jul 2 (IANS) The whereabouts of the State Bank of India (SBI) cashier kidnapped by Liberation Achik Elite Force (LAEF) rebels 10 days ago remain unknown, even as ... Read more...

Posted in Uncategorized |

Fitch cuts SBI, PNB, ICICI Bank outlook to negative (Lead)


June 20th, 2012 - 6:22 pm ICT by IANS
Mumbai, June 20 (IANS) Global ratings agency Fitch Wednesday cut its outlook on leading Indian financial institutions, including State Bank of India (SBI), ICICI Bank and Punjab National Bank ... Read more...

Posted in Business |

Fitch revises ratings for 11 Indian financial institutions


June 20th, 2012 - 4:23 pm ICT by IANS
Chennai, June 20 (IANS) Credit rating agency Fitch Ratings Wednesday announced the revision of the Outlook on the 'BBB-' Long-Term (LT) Foreign Currency (FC) Issuer Default Rating (IDR) of ... Read more...

Posted in Business |

Bank stocks tank as hopes of RBI rate-cut fade away (Lead)


June 18th, 2012 - 4:43 pm ICT by IANS
Mumbai, June 18 (IANS) Bank stocks tanked Monday as hopes faded away of a rate-cut by the Reserve Bank of India (RBI) in its mid-quarter review of monetary policy ... Read more...

Posted in Business |

Spiritual group prepares to clean entire Ganges


June 17th, 2012 - 11:07 am ICT by IANS
Haridwar, June 17 (IANS) A spiritual group here is conducting a survey on how best to clean the entire 2,525-km Ganges, the holiest of all rivers for Hindus but ... Read more...

Posted in Feature |

SBI lowers deposit rates by 0.25 percent


June 7th, 2012 - 5:57 pm ICT by IANS
Mumbai, June 7 (IANS) The country's largest lender State Bank of India (SBI) Thursday announced lowering of interest rates by 0.25 percent on term deposits of select maturity period, ... Read more...

Posted in Business |

Sensex surges 434 points on rate cut and policy push hopes (Lead)


June 6th, 2012 - 7:04 pm ICT by IANS
Mumbai, June 6 (IANS) A benchmark index of Indian equities markets surged almost three percent Wednesday, the biggest gain in almost six months, on hopes of rate cuts by ... Read more...

Posted in Uncategorized |

SBI teams with Geojit BNP Paribas for NRI stocks investments


June 4th, 2012 - 6:59 pm ICT by IANS
Kochi, June 4 (IANS) Geojit BNP Paribas Financial Services and State Bank of India inked an agreement to extend Portfolio Investment Services (PIS) to non-resident Indian (NRI) customers, mainly ... Read more...

Posted in Business |

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