State Bank of India

State Bank of India () (SBI) (, , ) is the largest state-owned banking and financial services company in India.

Courtesy : Wikipedia

Recent news stories about State Bank of India

Australian bank signs agreement with SBI

Canberra, Jan 15

An Australian bank said Thursday it has signed an agreement with State Bank of India (SBI), the country's largest lender, to increase cooperation in project finance, migrant banking and international payments between banks, a media report said.

SBI makes 63 branches functional in flood-hit Kashmir Valley

Jammu, Sep 29

Despite the extensive damage due to unprecedented floods earlier this month, the State Bank of India (SBI) has made 63 out of their 67 branches fully functional in Kashmir Valley, bank officials said here Monday.

SBI to conduct biggest auction of seized properties

Mumbai, March 13

In what has become the season for state-run auctions, the State Bank of India will on Saturday conduct one of its biggest auctions of seized properties worth Rs.1,200 crore across 26 Indian cities towards redeeming its bad debts.

Post data analysis, SBI would even put ships on e-auction

Chennai, March 20

India's largest mortgage lender, State Bank of India (SBI) would even offer ships online in the future after studying the analytical data on its recent e-auction of around 300 properties, said a senior official on Friday.

SBI gets shareholders nod for raising Rs.15,000 crore capital

Chennai, Feb 26

India's largest mortgage lender, the State Bank of India (SBI) Thursday said it has got the approval of its shareholders for raising Rs.15,000 crore fresh equity capital.

SBT's Rs.474.03 crore rights issue opens on Tuesday

Thiruvananthapuram, March 15

A Rs.474.03 crores rights issue of State Bank of Travancore will open on March 17 and close on March 31, the bank said in a statement here on Sunday.

Good response for residential properties at SBI's e-auction

Chennai, March 14

India's largest mortgage lender State Bank of India (SBI) successfully completed e-auction of around Rs.1,200 crore worth of stressed assets on Saturday with good number of bids for residential properties, said a senior official.

Insurance Australia Group eyes stake hike in SBI General Insurance

Chennai, Feb 23

Insurance Australia Group (IAG), the foreign joint venture partner in SBI General Insurance, has started talks with the State Bank of India (SBI) for hiking its stakes to 49 percent, said a senior company official Monday.

IRDAI directs SBI Life to refund Rs.275 crore excess commission

Chennai, Feb 21

Directing private life insurer SBI Life Insurance Company Ltd. to refund excess commission of Rs.275.29 crore to policy holders, the Indian insurance regulator Friday reiterated that it has necessary powers to pass such an order under the Insurance Act.

SBI to dilute 23 percent stake in SBI General Insurance

Chennai, March 26

India's largest mortgage lender State Bank of India (SBI) has decided to lower its stakes in its general insurance joint venture to 51 percent and has decided to begin the process, the bank said on Thursday.

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