SBI raises MCLR-based lending rates by 10 bps to 7.95-8.7%

SBI raises MCLR-based lending rates by 10 bps to 7.95-8.7%

A man checks his mobile phones in front of State Bank of India. | Photo Credit: RUPAK DE CHOWDHURI The country’s largest lender State Bank of India on Wednesday marginally increased the short-term lending rates across overnight to three year maturities by 10 basis points (bps) with immediate effect. While banks have almost fully passed […]

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India’s Jet Airways resolution plan said to totter on disagreement with creditors

India’s Jet Airways resolution plan said to totter on disagreement with creditors

Once India’s biggest private carrier, Jet stopped flying in April 2019 after running out of cash and was taken to a bankruptcy court by creditors who were owed about ₹180 billion ($2 billion). Creditors of India’s Jet Airways and the company’s new owners are deadlocked over a resolution plan to pull the airline out of […]

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SBI reports highest profit; broking houses lauding us: Chairman Dinesh Khara

SBI reports highest profit; broking houses lauding us: Chairman Dinesh Khara

SBI Chairman Dinesh Kumar Khara during platinum jubilee celebrations of All India State Bank of India Staff Federation, in Kolkata, on November 26, 2022. | Photo Credit: PTI Chairman of the country’s biggest lender State Bank of India (SBI) Dinesh Khara on November 26 asserted that analysts and broking houses are praising the financial performance […]

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SBI hikes MCLR by up to 15 bps across tenors

SBI hikes MCLR by up to 15 bps across tenors

Representational file image. | Photo Credit: Reuters State Bank of India has raised the marginal cost of funds-based lending rate (MCLR) by 15 basis points across tenors, making most consumer loans costlier for borrowers. The revised rates come into effect from November 15, 2022. The benchmark one-year MCLR, which is used as base for fixing […]

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SBI hikes MCLR by up to 15 bps across tenors

SBI hikes MCLR by up to 15 bps across tenors

Representational file image. | Photo Credit: Reuters State Bank of India has raised the marginal cost of funds-based lending rate (MCLR) by 15 basis points across tenors, making most consumer loans costlier for borrowers. The revised rates come into effect from November 15, 2022. The benchmark one-year MCLR, which is used as base for fixing […]

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India unlikely to be hit as hard by global recession as other countries: SBI chairman

India unlikely to be hit as hard by global recession as other countries: SBI chairman

With a projected growth rate of 6.8% and inflation “much under control”, India is doing reasonably well State Bank of India Chairman Dinesh Khara said With a projected growth rate of 6.8% and inflation “much under control”, India is doing reasonably well State Bank of India Chairman Dinesh Khara said The impact of a global […]

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CBI searches 25 locations over coins worth ₹11 crore going missing from SBI vaults

CBI searches 25 locations over coins worth ₹11 crore going missing from SBI vaults

The searches were spread across 25 locations. The searches were spread across 25 locations. The CBI on Thursday conducted searches at 25 locations in connection with a case of coins worth ₹11 crore going missing from the vaults of an SBI branch in Karauli in Rajasthan, officials said Friday. The central agency had registered the […]

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SBI to float dedicated branches for start-ups

SBI to float dedicated branches for start-ups

SBI will open its first exclusive start-up branch at Innovation Tower, HSR Layout, Bengaluru. Subsequently, with the help of KDEM, it will open more such branches in Mysuru, Mangaluru, Hubballi and Belagavi. SBI will open its first exclusive start-up branch at Innovation Tower, HSR Layout, Bengaluru. Subsequently, with the help of KDEM, it will open more such […]

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SBI revises up FY23 economic growth forecast to 7.5%

SBI revises up FY23 economic growth forecast to 7.5%

The report basis its optimism on the rising corporate revenue and profit and the growing bank credit coupled with ample liquidity in the system. The report basis its optimism on the rising corporate revenue and profit and the growing bank credit coupled with ample liquidity in the system. SBI Research has projected the Indian economy […]

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