Loans to Get More Expensive as SBI Hikes Benchmark Lending Rate By 0.5%
State Bank of India (SBI) hiked its benchmark lending rate by 50 basis points (or 0.5%), resulting in higher EMIs for borrowers. The loan rate...
Tag : state bank of India (SBI)
SBI Reports 6.7% Dips Net Profit at Rs 6,068 Crore
On Yesterday, the State Bank of India (SBI) reported net profit fell 6.7% to Rs 6,068 crore in Q1FY23. The Net interest income of the...
SBI Hikes Lending Rates Effective From Today, Loan EMIs Rise Up
Today, India’s largest bank State Bank of India (SBI), has announced an increase in its marginal cost of lending rate (MCLR) on basis points or...
Adani Group Firm Kutch Copper Raises Rs 6,071 Crore for One Million Tonne Unit
Kutch Copper, a subsidiary of Adani Enterprises, is constructing a greenfield copper refinery project to produce one MTPA (million tonnes per annum) in two phases....
Govt Partners with SBI to Create Integrated Pension Portal
According to an official statement on Tuesday, the Centre’s Department of Pensions and Pensioners Welfare (DoPPW) will partner with the State Bank of India (SBI)...
SBI Research Revised Up India’s FY23 Economic Growth Forecast to 7.5%
The State Bank of India (SBI) has a research project on the Indian economy to grow at 7.5 per cent in the Financial year 2022-23,...
Curious Case of $1-Billion SBI Loan to Debt-Ridden Sri Lanka
On 17 March, the Ministry of External Affairs (MEA) announced that the State Bank of India (SBI) would extend a term loan of $1 billion...
SBI Launches Express Credit on Yono Platform
On Monday, the State Bank of India (SBI) announced the introduction of Real-Time Xpress Credit on its Yono platform, allowing customers to get personal loans...
SBI Q4 Result Profit Rises to Rs 9,113 Crore
On Friday, the State Bank of India (SBI) reported a 41.2 per cent YOY rise in net profit at Rs 9,113.5 crore for Q4FY22. The...
State Bank of India to Raise $2 Billion Via Overseas Bonds in FY23
The country’s largest bank, State Bank of India (SBI), plans to raise $2 billion in long-term funding from international markets this fiscal year (FY23). The...