Hero Electric ties up with State Bank of India for retail finance
NEW DELHI: Hero Electric on Friday said it has tied up with State Bank of India (SBI) for retail finance for its customers. The customers can now ride home their favourite company scooter at the lowest interest rates across India for a hassle-free experience, Hero Electric said in a statement. “There is strong demand for […]
Seven of top-10 most valued firms add over Rs 1.15 lakh crore to m-cap; RIL lead gainer
NEW DELHI: Seven of the top-10 most valued companies together added Rs 1,15,898.82 crore in market valuation last week, with Reliance Industries grabbing the top spot. Last week, the 30-share BSE Sensex jumped 677.17 points or 1.31 per cent. Reliance Industries, HDFC Bank, Hindustan Unilever, HDFC, State Bank of India, Bajaj Finance and Kotak Mahindra […]
Our digital transactions have gone as high as 67 per cent now: SBI Chairman
MUMBAI: The country’s largest lender State Bank of India (SBI) has seen a perceptible 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 currently, Chairman Dinesh Khara said. The rise in the number of digital transactions at […]
State Bank of India sign MoU with Shapoorji Pallonji
NEW DELHI: State Bank of India (SBI) and Shapoorji Pallonji Real Estate on Thursday signed a Memorandum of Understanding (MoU) to enable faster processing of home loans, approvals and to provide other benefits. The lender’s head and chief general manager (Real Estate & Housing Business Unit) Shreekant said the collaboration will create win-win business opportunities […]
Mahindra Lifespaces joins hands with State Bank of India
NEW DELHI: Mahindra Lifespaces, the real estate and infrastructure development arm of Mahindra Group, and State Bank of India (SBI),India’s largest home loan lender, today signed a Memorandum of Understanding (MoU) to enable an improved and more seamless experience for homebuyers across India. As part of the agreement, which includes various co-promotional activities and outreach […]
Anil Ambani’s Reliance Capital gets 10 more bids for subsidiaries
NEW DELHI: Reliance Capital (RCL), part of the debt-ridden Anil Ambani-promoted Reliance Group, has received 10 more bids, including from SBI Life, for its subsidiaries, sources said. Earlier this month, the Committee of Debenture Holders had extended the last date for submission of expression of interest (EoI) to December 17, 2020. Following this, 10 new […]
SBI set to offer Rs 5000 crore loan to Adani coal project in Australia: Report
NEW DELHI: The State Bank of India (SBI) is set to offer a Rs 5,000-crore loan to Adani Enterprises Ltd’s Australian mining company, now renamed Bravus Mining & Resources, as per media reports. As per media reports, the loan agreement between SBI and Adani Group is nearly done and a ratification is expected from the […]
SBI complains to CBI after Rs 411 crore loan defaulter flee country
NEW DELHI: Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, have already fled the country before the State Bank of India reached the agency with the complaint, officials said on Saturday. The CBI had recently booked the […]
State Bank of India conducts mega e-auctions of 1,000 properties
NEW DELHI: Country’s largest lender, the State Bank of India (SBI) on Wednesday conducted a mega electronic auction of commercial, retail and residential properties to recover dues and said that it will notify the successful bidders in the coming days. The SBI had earlier taken to Twitter to announce this, saying: “Mark your calendar to […]
SBI chief slams ‘selfish’ private sector bank for Altico crisis
NEW DELHI: State Bank of India (SBI) chairman Rajnish Kumar has slammed a “selfish” private sector lender for the crisis at Altico Capital, as its unilateral move to secure its own money can potentially cause troubles to the wider financial system. The realty-focused non-banking lender Altico, which owes over Rs 4,500 crore to the system […]
State Bank of India cuts lending rates by 15 bps
BENGALURU: State Bank of India (SBI), the country’s largest lender by assets, on Wednesday cut its benchmark lending rates by 15 basis points across all tenors, shortly after the central bank slashed interest rates by a larger-than-expected 35 bps to boost the economy. SBI’s one-year marginal cost of fund-based lending rate, or the MCLR, will […]
Jet Airways says awaiting “emergency liquidity support” from lenders
NEW DELHI: Cash-strapped Jet Airways on Tuesday said it is awaiting “emergency liquidity support” from the State Bank of India (SBI)-led consortium of lenders to arrest further deterioration in its services. The airline, which is operating only five planes, said its operations have been severely impacted due to critical liquidity position. “The company’s leadership, in […]