New Delhi | The State Bank of India (SBI) on Tuesday evening submitted data on political contributions made through electoral bonds to the Election Commission of India (ECI), in accordance with the Supreme Court’s order. The Election Commission will now collate and release the data by 5 p.m. on Friday, as per the court order. […]
Tag: SBI
Mumbai: Cops probe threat to kidnap, kill SBI chairman; blow bank’s HQ
Mumbai | The Mumbai Police have launched a probe into a kidnap-cum-death threat to the State Bank of India (SBI) Chairman D.K. Khara and warning to blow up the bank’s headquarters at Nariman Point, officials said here on Saturday. Claiming to call from Pakistan, the person rang up the SBI head office board number on Thursday […]
Will not sell any share in Yes Bank for next 3 years: SBI
Mumbai: State Bank of India Chairman Rajnish Kumar on Tuesday said that the state-run bank will not sell any of its shares in the crisis-hit Yes Bank in the next three years. The SBI has been allotted 605 crore shares in Yes Bank for an investment of Rs 6,050 crore and would be the largest […]
SBI board okays share purchase in Yes Bank for Rs 7,250 cr
New Delhi: The State Bank of India (SBI) on Thursday said that its Executive Committee of Central Board (ECCB) has approved the purchase of 725 crore shares in Yes Bank at Rs 10 per share, which adds up to an investment of Rs 7,250 crore. In a regulatory filing, the bank said that its shareholding in […]
SBI waves off average monthly balance on all savings bank accounts
Mumbai: Country’s largest lender State Bank of India on Wednesday said that it has decided to waive maintenance of ‘Average Monthly Balance’ requirements for all savings bank accounts. According to the lender, the initiative will further boost the efforts to promote ‘Financial Inclusion’ in the country. “The charges on maintaining AMB are now waived off […]
SBI cuts MCLR, home & car loans to be cheaper
Mumbai: The State Bank of India (SBI) here on Wednesday reduced the marginal cost of funds-based lending rate (MCLR) by 10-15 basis points across tenors. “The one-year MCLR comes down to 7.75 per cent from 7.85 per cent with effect from March 10, 2020. It’s the tenth consecutive cut in MCLR in FY20,” the country’s […]
SBI to acquire 245 crore shares in Yes Bank at a price of Rs 10 each
Mumbai: State Bank of India (SBI) will acquire a 49 per cent stake in the reconstructed Yes Bank by acquiring 245 crore shares at a price of Rs 10 each for Rs 2,450 crore in Yes Bank. Under the scheme of reconstruction of Yes Bank, SBI will be issued 245 crore shares at a price of […]
Due diligence on investment in Yes Bank on: SBI
Mumbai: SBI chairman Rajnish Kumar on Saturday said the bank has time till Monday to respond back to the Reserve Bank of India (RBI) on the draft scheme for rescue of Yes Bank and it may or may not pick up 49 per cent stake. “Whether SBI takes a 49 per cent or 26 per cent […]
RBI releases Yes Bank revival draft, says SBI ready to invest
Mumbai: The Reserve Bank of India on Friday put out the draft of a revival scheme for Yes Bank, which has been put under the control of the central bank. India’s biggest bank SBI has expressed its willingness to make investment in Yes Bank and participate in its reconstruction scheme, the RBI said. The RBI […]
Yes Bank shares fall lowest in a decade, SBI down 6%
Mumbai: The shares of private lender Yes Bank fell to the lowest in a decade on Friday after the Reserve Bank of India (RBI) superseded its board the previous day. During the early trade on Friday, Yes Bank shares were down by Rs 12.85 a share or 34 per cent to Rs 34.87 a share […]