'We are not getting into a war for deposits': SBI's CS Setty acknowledges the heat but stays firm

Instead of aggressive rate hikes, SBI plans to leverage its extensive branch network and service quality to attract deposits, though some minor adjustments in deposit rates are expected.
31-08-2024
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STATE BANK OF INDIA - 500112 - Announcement under Regulation 30 (LODR)-Change in Directorate

Nomination of Shri Nagaraju Maddirala as Nominee Director
30-08-2024
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SBI working on new version of digital banking platform: Dinesh Khara

Former SBI Chairperson Dinesh Khara on Thursday said the country's largest lender is working on a new version of its digital banking platform to take care of its customers' requirements and preferences. In his special address at the Global Fintech Fest 2024 here, Khara, who superannuated on Thursday, also said that a banker should always keep risks in mind, even though people tend to ignore the risk but that shouldn't happen. "We had envisaged YONO only as a retail solution and initially it was thought to replace internet banking but when we launched it, we thought that it should be much more than that, (as) it serves all banking and financial needs today. We're working on YONO 2.0 where it should be made more modular and faster in terms of processing," Khara said. Stating that YONO has 80 million registered users today with almost 10 million users logging in at the platform each day, he said in many respects, it would be a record of sorts across the globe. Last year, the platform
29-08-2024
Bigul

SBI's mega tier II debt issue may boost fundraising via such notes: Bankers

On Wednesday, India's largest lender SBI raised Rs 7,500 crore ($894.1 million) through 15-year tier II bonds, with a 10-year call option at 7.42 per cent coupon
29-08-2024
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STATE BANK OF INDIA - 500112 - Announcement under Regulation 30 (LODR)-Allotment

Allotment of 7500 Basel III Compliant Tier 2 Bonds in the nature of debentures of face value of Rs. 1 crore each
29-08-2024
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Will strive to make SBI most valued financial institution: Chairman Setty

State Bank of India (SBI) will strive to become the most valued financial institution and also increase its net profit, the lender's new Chairman, C S Setty said on Wednesday as he asserted that this is India's decade. Soon after taking charge of the nation's largest bank, Setty assured employees that all efforts would be made to grow SBI into the 'Best Bank' in the country. As of today, he said in his message, SBI proudly serves over 50 crore customers, with market leadership positions across products and has achieved 1 per cent Return on Assets on arguably the country's largest balance sheet. "Since the start of this decade, our global rank among banks has moved up 35 positions from 52 to 17 in terms of market capitalization," he said thanking his predecessors. "It is now our turn to build on this foundation, to grow SBI into the 'Best Bank' in the country. "We have to strive to become the most valued financial institution, increase our net profit to reach new milestones, reinfo
29-08-2024
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STATE BANK OF INDIA - 500112 - Announcement under Regulation 30 (LODR)-Change in Directorate

Brief Profile of Shri CS Setty, Chairman, State Bank of India
28-08-2024
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