SBI’s profits increase, NPA decreased

SBI, the country's largest public sector bank, recorded a record profit in the fourth quarter of FY 2021. During this period, the bank's profit has increased by 80 per cent to about Rs 6451 crore. Whereas in the same quarter a year ago, the bank had a profit of close...

Penalty of Rs 2 crore imposed on SBI

New Delhi: The Reserve Bank of India has imposed a penalty of Rs 2 crore on the country's largest bank SBI. According to an official statement released on 16 March, SBI had not completed certain regulatory compliance due to which it incurred penalty. The RBI imposed this penalty by issuing...

SBI leads in e-payment

New Delhi: The country's largest bank SBI is at the forefront of providing digital products and services to its customers. SBI has topped the digital scorecard of the Ministry of Electronics and Information Technology (MeitY) for the third consecutive month. This scorecard is prepared on the basis of performance on...

BPCL SBI Card OCTANE: India`s most rewarding premium fuel co-brand credit card launched

Designed to be India`s most rewarding premium fuel co-brand credit cardUpto 25X Reward Points spends for BPCL Fuel, Lubricants & Bharatgas spends (Website & App only)*Comprehensive card offering accelerated savings across other major spend categories Mumbai : SBI Card, India’s largest pure play credit card issuer, and Bharat Petroleum Corporation...

SBI raises Rs 2,500 crore by issuing Basel-III compliant bonds

New Delhi: India’s leading lender State Bank of India (SBI) has announced that it has raised Rs 2,500 crore by issuing Basel-III compliant bonds. The committee of directors for capital raising at its meeting held on Tuesday accorded “approval to allot 25,000 Basel-lll compliant non-convertible, taxable, perpetual, subordinated, unsecured, fully...