Comment by Arundhati Bhattacharya, Chairman, State Bank of India on RBI policy announcement:
“The RBI move to maintain status-quo was as per market expectations. The policy statement reinforces that any adjustments in repo rate will be data dependent in future, but in t... (more)
State Bank of India (SBI), the largest public sector bank in India, has made 63 out of their 67 branches fully functional in Kashmir Valley, despite the extensive damage due to unprecedented floods earlier this month. A total of 132 ATMs in the valley are operating normally and customers are drawin... (more)
After launching the redesigned Corporate Website on 28th June, 2014, the largest lender and the only Fortune 500 Indian Bank, State Bank of India today updated the Hindi version of the website, making it easier to connect with the customers, who would like to follow the contents in Hindi.
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"The Supreme Court has cancelled allocation of coal blocks. In a landmark judgment, out of the 214 captive blocks that the Supreme Court declared illegal, 105 blocks belonged to private companies. Of these, 42 blocks were operational and ready to produce nearly 53 million tonnes (mt) of coal, ... (more)
State Bank of India (SBI), India’s largest Bank and The Export- Import Bank of Korea (Korea Eximbank) an official export credit agency of Korea, today signed a Loan Agreement for an Untied Two-Step Line of Credit for a USD 500 million. This line will be in addition to Line of Credit of USD 20... (more)
The Central Board of the State Bank of India (SBI), at its meeting held on 24.09.2014, has approved to reduce the face value of equity shares of the bank from Rs 10 per share to Rs 1 per share and to increase the number of issued shares in proportion thereof.
Speaking on the development Ms.... (more)
Teachers’ Day, rather Teachers’ Week, was celebrated in a unique way by State Bank of India. Besides felicitations of distinguished teachers at around 400* centres across the country, the Bank presented its unique e-Collection and e-Payment products to the Educational Institutions. &lsq... (more)
State Bank of India and The Export Import Bank of China signed a Framework Agreement for a Line of Credit of USD 1.8 billion to be offered by The Exim Bank of China. The Line of Credit will be utilized for projects involving imports of Chinese raw materials, energy, equipment, mechanical and electr... (more)
