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

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Recent news stories about State Bank of India

India's central bank more than relents on interest rate cut

Mumbai, Sep 29

Springing a surprise, the Reserve Bank of India (RBI) on Tuesday cut its short-term lending rate by 50 basis points, but made a pitch for passing it on to consumers in the form of cheaper personal and commercial credit. Stakeholders expected a 25-basis-point cut.

SBI cuts base rate by 40 basis points

Chennai, Sep 29

India's largest mortgage lender State Bank of India (SBI) has decided to cut its base rate by 40 basis points to 9.3 percent, a top bank official said.

Banking, insurance operations hit as employees strike work

Chennai/New Delhi, Sep 2

Financial services were hit on Wednesday as lakhs of bank and insurance employees across the country began a one-day strike to protest against the anti-trade union and worker policies of the central government.

Sustainability of social security schemes is the key: SBI chief

Mumbai, Aug 28

State-owned lender State Bank of India (SBI) on Friday said the government needs to think about means to sustain its social security schemes like Pradhan Mantri Jan Dhan Yojana (PMJDY) in the long run.

Payments bank license to promote massive digital transactions: Mukesh Ambani

Mumbai, Aug 21

Reliance Industries Ltd (RIL) chairman Mukesh Ambani on Friday said the payments bank license issued to its joint venture with the State Bank of India (SBI) will promote massive adoption of digital transactions with low cost access.

SBI to increase number of customer service points

Kolkata, Aug 21

Anticipating tougher competition after RBI granted payments banking licences to 11 entities, State Bank of India (SBI) on Friday said it will increase the number of its Customer Service Points (CSP) to assert its position in the rural unbanked segment.

RBI to issue small finance bank licences next month

Mumbai, Aug 20

The Reserve Bank of India (RBI) will issue licences to small finance banks to operate next month, RBI Governor Raghuram Rajan said on Thursday.

RBI nod to Reliance, others for payment banks

Chennai/New Delhi, Aug 19

The Reserve Bank of India (RBI) on Wednesday granted 'in principle' approval to 11 applicants, including Reliance Industries Ltd., Aditya Birla Nuvo Ltd., Department of Posts and Cholamandalam Distribution Services Ltd., to set up payment banks.

Jaitley launches SBI's mobile wallet 'Buddy'

Mumbai, Aug 18

Union Finance Minister Arun Jaitley on Tuesday launched the State Bank Of India's mobile wallet 'Buddy' and said technological advances would change the habits of consumers.

SBI launches mobile wallet app 'Buddy'

New Delhi, Aug 18

The State Bank of India (SBI) on Tuesday launched a new mobile app 'Buddy' in partnership with Accenture and Mastercard.

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