SBI's eco reseach dept terms Acharya's recent conjecture as factually incorrect'
The ERD, in it report Ecowrap', underscored that the corporate ecosystem in India thrives on co-existence of large and small players.24-04-2023
24-04-2023
SBI explores options of installing iris scanner at Bank Mitra channel
State Bank of India (SBI) on Friday said it is exploring options for installing an iris scanner at Banking Correspondent or Customer Service Point to address the challenges faced by senior pensioners or customers. This will save senior citizens from going to branches and withdrawing pensions at their nearest Bank Mitra channel. "Bank has also been examining options of installing Iris scanners at our BC/CSP (Bank Mitra) channels to address the challenges faced by our Senior Pensioners/ Customers," SBI said in a statement. SBI has always aligned its business goals with national priorities, and focused attention is given to a range of financial inclusion activities, it said. However, it said, an unfortunate incident has recently come to light where one of the senior citizen customers faced difficulty in withdrawing her old age pension from the nearby CSP (Bank Mitra) in Jharigaon block of Nabrangpur district of Odisha on account of her fading fingerprints not being recognised by the .21-04-2023
SBI General FY23 net profit jumps 40% to Rs 184 cr, premium up by 17.6%
SBI General Insurance, the unlisted arm of State Bank, on Friday said its net income surged 40 per cent year-on-year to Rs 184 crore in FY23 on a gross written premium income of Rs 10,888 crore. The company said it could sustain the strong growth momentum through the year, as visible from the 40 per cent jump in net profit and 17.6 per cent growth in gross premium over the 12 trailing months. It said the year also saw its market share rise to 4.21 per cent with over 22 crore customers. The solvency ratio stood at 1.72x, marginally higher than the regulatory mandate of 1.5x, the company said. The privately held arm of the nation's largest bank did not offer a detailed financial statement, such as investment gains/loss, the combined ratio, which is the key profitability metric for a general insurer, investment details and other numbers. The managing director and chief executive Kishore Kumar Poludasu said the year saw the company achieve the milestone of being one of the early compa21-04-2023
SBI General FY23 net profit jumps 40% Rs 184 crore, premium up 17.6%
The company said it could sustain the strong growth momentum through the year, as visible from the 40 per cent jump in net profit and 17.6 per cent growth in gross premium over the 12 trailing months.21-04-2023
SBI Amrit Kalash: Should investors go for it?
The rate of interest being offered is 7.1 per cent for regular citizens, senior citizens will get an additional 50 basis points i.e., 7.6 per cent20-04-2023
SBI approves fund raise of up to $2 billion for FY24 through bonds
SBI will raise $2 billion through foreign currency bonds in 2023-24 in single or multiple tranches18-04-2023
STATE BANK OF INDIA - 500112 - Announcement under Regulation 30 (LODR)-Raising of Funds
The Executive Committee of the Central Board in its meeting on 18th April 2023 has approved, inter alia, the following: 'To examine the status and decide on long term fund raising in single / multiple tranches up to US$ 2 Billion (US$ Two Billion) under Reg-S/144A, through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during FY 2023-24.'18-04-2023
STATE BANK OF INDIA - 500112 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Copy of Newspaper publication Reg 4717-04-2023
STATE BANK OF INDIA - 500112 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Disclosure under Reg 3917-04-2023
CBIC may soon introduce system to publish exchange rates of 22 currencies
The CBIC is likely to soon introduce a system of publishing daily currency exchange rates on the integrated customs portal, replacing the existing system of notifying rates fortnightly. The move would help capture daily exchange rate fluctuations and help importers and exporters to precisely calculate customs duties based on daily exchange rate. Currently, Central Board of Indirect Taxes and Customs (CBIC) manually notifies exchange rates of 22 currencies every fortnight -- 1st and 3rd Thursday of a month -- based of rates obtained from the State Bank of India (SBI). The rate notified comes into effect from midnight of the following day. An official said the entire process would be automated, beginning with forwarding of exchange rate data by SBI to ICEGATE. The exchange rates received from SBI every day shall be adjusted to the nearest five paise and integrated with Indian Customs EDI System (ICES) and published on Indian Customs National Trade Portal (ICEGATE) by 6:00 pm. "In or16-04-2023