SBI offers discount on home loan EMIs for government servants

State Bank of India, the public sector bank, announced a new scheme under which government and defence employees can get several concessions on home loans including a slower interest rate. Under the scheme, government employees will get an interest rate concession of 5 basis points (0.05%) over the Home Loan Card Interest Rate is available […]

SBI Q1 profit up by 10%

State Bank of India said its Net Profit increased by 10.25% from Rs 3,349 crores in last year to Rs 3,692 crores in the first quarter. SBI’s operating profit increased by 4.72% from Rs 8,788 crores in the same quarter last year to Rs 9,202 crores in the first quarter. Fee income increased by 12.86% […]

SBI, bankbazaar.com tie-up for home loan origination

State Bank of India (SBI), the largest bank in India, has entered into a Tripartite memorandum of understandingn with bankbazaar.com and SBI CAP Securities Ltd to provide one more online platform for applying for SBI Home Loans. “This partnership will help the Bank Under this arrangement, the Bank will be able to display its Home […]

SBI to offer rewards to all customers under SBI Rewardz program

State Bank of India has launched an enterprise-wide loyalty programme – State Bank Rewardz through which it will reward its customers for various types of banking transactions with the Bank. Customers will be enrolled automatically into this programme as soon as they start using at least one of services that offer points. Customers will be […]

SBI, MakeMyTrip to tap cross-selling opportunities

State Bank of India and MakeMyTrip.com signed an agreement today which will see the travel portal make use of India’s biggest bank’s infrastructure to meet its finance and banking related requirements related to its online travel portal. “SBI aims at becoming a “One Stop” solution provider for the entire range of financial needs of e-Commerce […]

SBI worried over weak demand, seeks rate cuts

State Bank of India, the country’s biggest bank has expressed concern over continuing weak demand in the economy due to “entrenched disinflationary impetus and weak demand,” and suggested that the RBI should cut key interest rates. While economic growth is moderately strong right now, it said, these factors will impact IIP (Index of Industrial Production) […]

Reliance Industries, SBI to tie-up for payments bank venture

Close on the heels of Airtel tying up with Kotak Mahindra Bank, Mukesh Ambani’s Reliance Industries Ltd has announced that government-controlled State Bank of India will be its partner in its payment bank venture. The day also saw Future Group, which runs Big Bazaar, and Idea Cellular, announcing that they too have applied for payments […]

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