State Bank of India Book Closer

SBI Card Appoints Salila Pande as MD and CEO, Effective April 1, 2025

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Her experience as President & CEO of SBI California enabled the bank to successfully endure economic uncertainty during the COVID-19 pandemic.

SBI Stock Down After Rama Mohan Rao Amara Named MD

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The business also said that the appointment was made for a three-year term, beginning on the day he assumed responsibility for his position.

SBI and Muthoot Microfin launch co-lending initiative

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The initiative's intended beneficiaries include members of Joint Liability Groups (JLGs) engaged in agricultural and related industries.

SBI Raises $500M in 5-Year Bond Sale

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For bonds and loans denominated in dollars, the Secured Overnight Financing Rate (SOFR) has emerged as a crucial benchmark.

RBI Retains Key Banks as Systemically Important

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In addition to the capital conservation buffer, these banks are required to maintain an additional Common Equity Tier 1 (CET1) requirement.

SBI FD Programs Extended

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SBI's Amrit Kalash gives 7.10% interest for a 400-day term, while Amrit Vrishti offers 7.25% for 444 days.

SBI Sanctions ₹10,050 Crore for DVC's 1600 MW Thermal Power Project in Jharkhand

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The project involves the development of a 1600 MW (2x800 MW) thermal power plant in Koderma, Jharkhand, with a total cost of ₹14,357.74 Crore.

SBI head warns of banking gap in new industries

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He emphasised the necessity for banks to learn new abilities for evaluating new business sectors.

SBI raises ₹7,500 Crore via first Basel III tier 2 bonds

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Shri C S Setty, Chairman of SBI, emphasised the increased participation and diversity of bids, demonstrating investors' trust in the bank.

SBI Research Dismisses Bank Deposit Fears

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The momentum continued into FY24, with deposits increasing by Rs 24.3 lakh crore and credit by Rs 27.5 lakh crore.