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Flush with funds, SBI decides not to raise lending rates

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Mumbai: In what may come as a relief to borrowers, State Bank of India (SBI) on Thursday said it is not considering an increase in lending rates even though some private lenders have resorted to that

RBI imposes Rs 5.6 lakh fine on SBI

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New Delhi: The Reserve Bank on Wednesday said it imposed a fine of about Rs 5.6 lakh on State Bank of India (SBI) for violation of currency chest norms. "The Reserve Bank of India has imposed a penal

RBI imposes Rs 5.6 lakh fine on SBI

The Reserve Bank Wednesday said it imposed a fine of about Rs 5.6 lakh on State Bank of India (SBI) for violation of currency chest norms.

SBI expects 20% credit growth in current fiscal

State Bank of India (SBI) Friday said it expects to clock 20 per cent growth in credit and 16 per cent expansion in deposits in the current financial year.

Sensex snaps 5-day rally, down 211 points as RBI steps hurt banks

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Mumbai: Banking shares on Wednesday dragged down the stock markets for first time in six days with the benchmark S&P BSE Sensex sliding 211.45 points to 20,090.68 after the RBI took additional st

SBI second quarter net profit rises 30 per cent

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The country's largest lender State Bank of India (SBI) Friday said its net profit increased by 30.16 per cent to Rs 3,658.14 crore for the quarter ended Sep 30, 2012, as compared to Rs.2,810.43 crore

SBI cuts interest rate on home, car loans by up to 0.5 pc

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State Bank of India on Wednesday slashed lending rates on car and home loans by up to 0.5 per cent, a day after one per cent cut in SLR by the Reserve Bank.

SBI has reduced interest rate on home

SBI cuts fixed deposit rates by 0.25 pc

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Ahead of RBI's mid-quarter review of the monetary policy later this month, country's largest lender State Bank of India (SBI) on Thursday slashed fixed deposit rates by 0.25 per cent across select mat

State Bank of India to cut lending rates soon

State Bank of India (SBI) on Tuesday said it will 'do a comprehensive cut' in lending rates on various loans following the Reserve Bank's 0.5 per cent reduction in the repo rate.

"Of course, there w

SBI lets existing home-loan customers to switch to lower rates

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In a move that would help a large number of home loan customers to reduce their interest burden, nation's largest lender State Bank of India has decided to allow them to reprice their existing loans a

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