SBI Expects 14-15% Credit Growth In FY25, Says Chairman Khara

Excess SLR of Rs 3.5-4 lakh crore "ensures that we don't have any pressure on us to raise the deposit rates", he added.
17-06-2024
Bigul

SBI to monetise subsidiaries after scaling up their businesses: Chairman Khara

Khara said there is a growing demand for credit from the corporate sector, and loans worth 5 trillion are in the pipeline
16-06-2024

SBI - A Look Beyond The Numbers: Nirmal Bang

Maintaining market share leadership position across key products
16-06-2024

SBI Raises Rs 830 Crore Via Bonds

The bonds are set to be issued through their London branch effective June 20.
14-06-2024
Bigul

SBI sanctioned 20,000 digital small biz loans up to Rs 50 lakh since Dec

State Bank of India (SBI) has sanctioned around 20,000 loans of Rs 10 lakh to Rs 50 lakh for small businesses as part of a digital lending pilot that started in December, a senior official said on Friday. Having been satisfied with the results of the pilot, under which a customer can get a loan sitting at home, the country's largest lender is now broadening the loan amounts to Rs 5 crore, Deputy Managing Director Surendra Rana said at a banking conference organised by IMC here. "We rolled out the Rs 10-50 lakh model in December and I am happy to share that we have already sanctioned around 20,000 loans through this process and this is working very smoothly. Now, we are escalating it to Rs 5 crore," he said. A customer journey starts with scanning a QR code from anywhere, grants some approvals and SBI uses data repositories to come back with a sanctioned amount in a maximum of five days, he said. The remarks from the official come days after the bank announced that lending to small
14-06-2024
Bigul

STATE BANK OF INDIA - 500112 - Issuance Of USD 100 Mio Senior Unsecured Floating Rate Notes

Issuance of USD 100 Mio senior unsecured floating rate notes
14-06-2024

SBI Chairman: Corporate Sector Eyes Rs 5 Lakh Crore Loans For Expansion

At the same time, he said, "When we look at our pipeline for the new proposals, that is also quite healthy, somewhere around Rs 5 trillion or so".
13-06-2024

SBI Chairman Expects Downward Trend In Deposit Rates

Some central banks from advanced economies like Switzerland, Sweden, Canada and the Euro area have begun their rate easing cycle during 2024.
13-06-2024
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