Tag: SBI

Eligibility, interest rate and features explained

To take care of a temporary cash crunch, an individual has various options. These include taking a gold loan, a personal loan. Gold loans can...

SBI: SBI has potential to outperform private sector also: Kunj Bansal

In the short-term, we could continue to see a consolidation in the market in the current week, says Kunj Bansal, CIO, Karvy Capital. We have...

Expect real NPA pain for banks to show up in July-Sept quarter

Deepak Shenoy, Founder of Capital Mind, says NBFCs have been enjoying a huge regulatory arbitrage over banks in their ability to borrow from the bond...

North eastern states did the best in Covid management: SBI Research

Even as the jury is out on how different states have managed the COVID-Pandemic in terms of controlling the number or implementing the central government...

Banks outrun NBFCs in home loan growth

MUMBAI: The tables have turned. Indian banks are gaining at the expense of mid-size and small non-bank lenders as far as fresh home loan mortgages...

India GDP forecast: SBI revises Q2 GDP estimates to -10.7 per cent from -12.5 per cent earlier

New Delhi : Citing continuous revisions in India’s GDP estimates as the current norm, State Bank of India (SBI) revised their second-quarter (Q2) GDP to...

SBI stock outlook: Analysts see up to 45% upside in SBI shares post Q2 results

NEW DELHI: Brokerages have mostly retained their bullish view on State Bank of India (SBI) after the PSU lender posted better-than-expected quarterly earnings. SBI reported...

Lenders of DHFL ask bidders to further sweeten offers by four suitors

New Delhi: Not satisfied with the bids received, lenders of Dewan Housing Finance (DHFL) have asked the four suitors, including Adani Group and Piramal Enterprises,...

Ecommerce provides big push to digital payments during Covid pandemic

Mumbai: The mass adoption of ecommerce and boom in online shopping have been the single biggest push for digital payments during the Covid-19 pandemic, panellists...

Is your SBI home, personal loan eligible for restructuring? How to check online

SBI’s retail customers upon logging in the portal will be asked to key in their account number. After completion of OTP validation and inputting a...

SBI ATM cash withdrawal new rules from tomorrow: How to do it

State Bank of India (SBI) is extending one-time password (OTP)-based cash withdrawal for ₹10,000 and above throughout the day across all its ATMs in the...

As interest rates head south, it may be time to shift your savings bank account

For instance, the State Bank of India offers 2.7% on savings accounts and ICICI Bank offers 3% on savings accounts (3.5% on balances more than...

SBI’s Pehla Kadam, Pehli Udaan saving accounts for children: 5 things to know

State Bank of India (SBI) offers a host of savings schemes under its personal banking segment. Pehla Kadam and Pehli Udaan are two types of...

Rate cuts beyond a point could be counter-productive: Report

Policy rates cannot dip below a threshold, beyond which a rate cut could be counter-productive and lead to an economic contraction rather than stimulating it,...

What new users of banking apps should know to stay safe

According to the bank’s chairman Rajnish Kumar, the total number of registered Yono users has hit 27 million. On 5 March, the bank had said...

SBI ATM transaction failed? Money got debited? How to lodge a complaint

Failed SBI ATM transaction: You must have heard a lot of stories wherein ATM transaction fail, and as a result no cash is dispensed, although...

These alternatives can give you better returns than bank fixed deposits

Private sector lender HDFC Bank has joined other big banks in reducing the interest rates on fixed deposits (FDs). Now, its FD rates are similar...

RBI: SBI plans foray into digital payments, set to rival National Payments Corporation of India

State Bank of India is planning to set up an entity to rival National Payments Corporation of India (NPCI) and enter the country’s highly competitive,...

SBI chief, three MDs asked to interview for bank’s top job; signs point to Rajnish extension

KOLKATA | MUMBAI: The government has asked State Bank of India chairman Rajnish Kumar to appear for an interview to fill the position that he...

How SBI customers can download TDS certificate

State Bank of India (SBI) has informed its customers that Form 16A is available at all SBI branches. Apart from it, the bank has also...

Fixed deposits may work better than debt funds in the short term

We asked financial planners to weigh in on the issue. Most of them feel that FDs are better only for time horizons of less than...

UTI AMC’s IPO plan runs into covid-19 hurdle

MUMBAI: UTI Asset Management Company’s plans to go public in an effort to facilitate stake dilution by key shareholders State Bank of India (SBI) and...

Blanket moratorium extension till December not required: SBI Chairman Rajnish Kumar

MUMBAI: State Bank of India chairman Rajnish Kumar on Friday said that across the board relief on payment of loan dues is not needed beyond...

Travel curbs by some states hurting demand: IndiGo CEO

MUMBAI: Hoping that the COVID-19-hit aviation industry should be back on “track” within the next one-and-a-half years, budget carrier IndiGo parent InterGlobe Aviation‘s Chief Executive...

Check if a home loan switch works for you

If you have an ongoing loan with a tenure of over 10 years, a difference of even 50 basis points (bps) can result in substantial...