SBI reaps profit as 32 per cent of total 300 million people open accounts with them under Jan Dhan Yojana
6 years, 4 months ago

SBI reaps profit as 32 per cent of total 300 million people open accounts with them under Jan Dhan Yojana

Op India  

Pradhan Mantri Jan-Dhan Yojana enrolled around 300 million people from the lower-income groups in the banking system in 1 year. Of the almost 32 crore bank accounts opened by all banks under the Pradhan Mantri Jan-Dhan Yojana scheme, as high as 10.5 crores or a third of them were opened by State bank of India. Pradhanmantri Jan Dhan Yojana enrolled 300mn people from low-income group in the banking system in 1 year. Total of Rs 260 bn deposited in PMJDY,with an average of Rs1800,it has started to reap profits for SBI: SBI Chairman pic.twitter.com/bTzlQB4pM9 — ANI November 15, 2018 In total public sector banks accounts for 80 per cent of the total accounts open so far.

India Bank Open Total Accounts Ssa Sbi Jan Dhan Dhan Yojana Jan Dhan Yojana  cent  opened  accounts  balance  sbi  rs  bank  reaps  total  profit  open  jan  dhan  lakh  pmjdy  yojana  million

History of this topic

RBI Warns of Overleveraging, Capital Market Frenzy
1 month ago

RBI Warns of Overleveraging, Capital Market Frenzy

Deccan Chronicle  

Mumbai: India's central bank on Friday raised an alarm about the rising risks of excessive borrowing in unsecured loans and from a frenzy in the derivative markets. Speaking at the IIM Kozhikode and National Stock Exchange joint conference, M Rajeshwar Rao deputy governor, RBI who oversees monetary policy among other key departments, highlighted the need for vigilance to ensure that …

Fin inclusion not just opening accounts, engagement is key: RBI Dy. Gov. Rao
1 month ago

Fin inclusion not just opening accounts, engagement is key: RBI Dy. Gov. Rao

New Indian Express  

MUMBAI: There have been some concerns about excessive borrowing in unsecured segment and from derivative euphoria in the capital markets of late, says M Rajeshwar Rao, deputy governor, Reserve Bank of India. “However, true financial inclusion goes beyond merely having a bank account—it requires meaningful engagement with financial services,” he said, adding a bank account should serve as an entry …

SBI 5-year FD: Know your returns on Rs 5 lakh and Rs lakh 10 lakh investments – India TV
1 month, 1 week ago

SBI 5-year FD: Know your returns on Rs 5 lakh and Rs lakh 10 lakh investments – India TV

India TV News  

SBI FD Scheme: The State Bank of India is India's largest public sector bank. SBI 5-year FD Return on Rs 10 lakh investment If one deposits Rs 10 lakh in the fixed deposit scheme of SBI, the person can get a return of around Rs 13,80,419 lakh on maturity. SBI 5-year FD interest rate for senior citizens SBI, India's biggest …

SBI Q3 Results: Net profit jumps 84% YoY to ₹16,891 crore; NII up 4%
1 month, 2 weeks ago

SBI Q3 Results: Net profit jumps 84% YoY to ₹16,891 crore; NII up 4%

Live Mint  

SBI Q3 Results: India's largest public sector bank, State Bank of India, on Thursday reported an 84.32% year-on-year rise in its standalone net profit for the fiscal's third quarter ended December to ₹16,891.44 crore. The bank's Net Interest Income, which represents the difference between the interest earned on loans and the interest paid on deposits, saw a 4% increase, reaching …

PM Kisan Sampada: 1,646 projects valued ₹31,830 crore sanctioned so far
2 months ago

PM Kisan Sampada: 1,646 projects valued ₹31,830 crore sanctioned so far

The Hindu  

The Ministry of Finance said in an update on Saturday that 1,646 food processing projects have been sanctioned under various sub-schemes of PM Kisan Sampada Yojana. Ministry of Food Processing Industries implements Pradhan Mantri Kisan Sampada Yojana, since 2016-17. Why the Pradhan Mantri Kisan Samman Nidhi scheme will be hard to implement For ensuring faster growth of the agriculture and …

FinMin calls meeting of heads of banks on January 15 to review financial inclusion schemes
2 months, 1 week ago

FinMin calls meeting of heads of banks on January 15 to review financial inclusion schemes

Live Mint  

New Delhi: Finance Ministry has called a meeting of heads of Public Sector Banks on Wednesday to review progress of various financial inclusion schemes, including Jan Suraksha and Mudra Yojana. According to sources, the meeting to be chaired by the Secretary would also discuss and review the progress of various financial inclusion schemes including PM SVANidhi Schemes. The Finance ministry …

Ladki Bahin Yojana: Transfer of ₹1,500 resumes for eligible women in Maharashtra
2 months, 3 weeks ago

Ladki Bahin Yojana: Transfer of ₹1,500 resumes for eligible women in Maharashtra

Live Mint  

The monthly instalments disbursements under the Ladki Bahin scheme in Maharashtra resumed on Tuesday after an interruption due to the model code of conduct. In 2024, the Mukhyamanti Majhi Ladki Bahin Yojana was launched to provide monthly assistance of ₹1,500 to eligible women. Ajitdada Pawar, the Mukhyamantri Majhi Ladki Bahin Yojana is running successfully,” Tatkare wrote. As of now, there …

MP CM: Economist Manmohan unaware of zero-balance accounts, but 'chaiwala' knew
3 months ago

MP CM: Economist Manmohan unaware of zero-balance accounts, but 'chaiwala' knew

Deccan Chronicle  

Madhya Pradesh Chief Minister Mohan Yadav on Friday took a swipe at former prime minister and renowned economist Dr Manmohan Singh over zero balance bank accounts.Inaugurating the Civil Service Meet-2024 of MP IAS Association, Yadav said Singh, despite his stellar career as RBI governor, Union finance minister and PM as well as possessing multiple educational degrees, was not aware that …

48 crore sign up for ₹2 lakh accident insurance under PMSBY: Finance Ministry
3 months, 1 week ago

48 crore sign up for ₹2 lakh accident insurance under PMSBY: Finance Ministry

Hindustan Times  

The Finance Ministry said on Saturday that about 48 crore people had signed up for accident insurance coverage worth ₹2 lakh via the Pradhan Mantri Suraksha Bima Yojana. With over 54 crore beneficiaries, the Pradhan Mantri Jan Dhan Yojana has emerged as a keystone of financial inclusion, enabling unbanked people all around the country, the Ministry continued. In August of …

Gross bad assets of government banks fell from 14.58% in Mar 2018 to 3.12% in Sep 2024: Finance ministry
3 months, 1 week ago

Gross bad assets of government banks fell from 14.58% in Mar 2018 to 3.12% in Sep 2024: Finance ministry

Live Mint  

The government said on Thursday that policy reforms in the financial sector have restored the health of the banking sector, with the gross non-performing asset ratio of public sector banks falling to 3.12% in September 2024 from a peak of 14.58% in March 2018 and 4.97% in March 2015. The marked improvement also saw PSBs record their highest-ever aggregate net …

Over 540 million bank accounts opened under Pradhan Mantri Jan Dhan Yojana: Report
3 months, 1 week ago

Over 540 million bank accounts opened under Pradhan Mantri Jan Dhan Yojana: Report

Live Mint  

New Delhi: A total of 540.5 million bank accounts have been opened under the government's flagship financial inclusion scheme Pradhan Mantri Jan Dhan Yojana as of November, according to the Inclusive Finance India Report 2024. Launched on Thursday at the Global Inclusive Finance Summit 2024 in Delhi, organised by ACCESS Development Services, the report noted the accounts have a total …

India’s RuPay Transactions Soar 7 Times in 5 Years
6 months, 3 weeks ago

India’s RuPay Transactions Soar 7 Times in 5 Years

Deccan Chronicle  

Chennai: The number of cashless transactions by Jan Dhan accounts using RuPay scheme have risen from 2,338 crore in FY 2018-19 to 16,443 crore in FY 2023-24. Jan Dhan accounts have accumulated deposits totalling around Rs 2.3 lakh crore currently, indicating a significant increase in savings among account holders. The RuPay scheme has facilitated the issuance of 36.06 crore debit …

Over 9.46 cr Jan Dhan accounts opened in U.P. in last 10 years
6 months, 3 weeks ago

Over 9.46 cr Jan Dhan accounts opened in U.P. in last 10 years

Hindustan Times  

As the Pradhan Mantri Jan Dhan Yojana, an ambitious financial inclusion initiative, completed 10 years on Wednesday, Uttar Pradesh emerged as a leading state with over 9.46 crore Jan Dhan accounts—18% of the more than 53 crore accounts opened across the country during this period. The total deposits in Jan Dhan accounts across the state have reached an impressive ₹ …

SBI Q1 2024-25 results: Net profit up 5.04%, net NPAs down by 6.26%, ₹25,000 crore bond fundraise approved
7 months, 2 weeks ago

SBI Q1 2024-25 results: Net profit up 5.04%, net NPAs down by 6.26%, ₹25,000 crore bond fundraise approved

Hindustan Times  

State Bank of India Ltd has announced its first quarter results for the financial year 2024-25 on Saturday, August 3, 2024 and its board has also approved a ₹25,000 crore fundraising through bonds. SBI recorded a net profit of ₹19,680.80 crore in Q1 2024-25, an increase of 5.04% or ₹944.85 crore, compared to ₹18,735.95 crore during Q1 2023-24 or the …

SBI plans to open 400 branches in FY25: Chairman Dinesh Khara
8 months, 3 weeks ago

SBI plans to open 400 branches in FY25: Chairman Dinesh Khara

Hindustan Times  

As part of the network expansion plan, State Bank of India is planning to open 400 branches across the country in the current financial year. During the year ended March 2024, the bank infused additional capital of ₹489.67 crore in SBI General Insurance Company Ltd. SBI General Insurance reported a 30.4 per cent rise in net profit to ₹240 crore …

SBI to monetise subsidiaries after scaling up their businesses: Chairman Khara
9 months ago

SBI to monetise subsidiaries after scaling up their businesses: Chairman Khara

Hindustan Times  

SBI Chairman Dinesh Kumar Khara has said the lender would wait for its subsidiaries like SBI General Insurance and SBI Payment to further scale up their operations before monetising them. During the financial year 2023-24, the bank infused additional capital of ₹489.67 crore in SBI General Insurance Company Ltd. SBI General Insurance reported a 30.4% rise in net profit to …

SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore
9 months, 2 weeks ago

SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore

The Hindu  

The market capitalisation of the State Bank of India crossed the ₹8 lakh crore mark on June 3 after the bank's shares surged to a record high of ₹907. Finance Minister Nirmala Sitharaman has recently posted on social media that India's banking sector has achieved a significant milestone by recording its highest-ever net profit, exceeding ₹3 lakh crore. In the …

Banks should improve corporate loans, keep deposit base healthy
9 months, 3 weeks ago

Banks should improve corporate loans, keep deposit base healthy

New Indian Express  

For the first time ever, the cumulative net profits of Indian banks surpassed Rs 3 lakh crore in 2023-24, up from Rs 2.3 lakh crore in 2022-23. While the 26 private lenders’ net profits shot up 42 percent to Rs 1.78 lakh crore, the 12 public sector banks reported net profits of Rs 1.41 lakh crore in 2023-24, a 34 …

SBI topples Reliance Industries as most profitable company, logs in a record Rs 20,698 crore net in Q4
10 months, 2 weeks ago

SBI topples Reliance Industries as most profitable company, logs in a record Rs 20,698 crore net in Q4

New Indian Express  

MUMBAI: The nation’s largest lender State Bank of India has reported record quarterly and annual profit numbers with a 24 percent growth in the March quarter earnings at Rs 20,698 crore—the highest in the entire India Inc including that of the otherwise most-profitable Reliance Industries, while annual profit peaked at Rs 61,077 crore. At Rs 20,698 crore, SBI’s March quarter …

SBI Q3 net slips 35% on wages, pension
1 year, 1 month ago

SBI Q3 net slips 35% on wages, pension

The Hindu  

State Bank of India reported third quarter net profit plunged 35.49% to ₹9,164 crore as compared with ₹14,205 crore in the year ago period due to a one-time provisioning of ₹7,100 crore toward wage hikes and pension liabilities, its chairman Dinesh Khara said at a press conference. Out of the ₹7,100 crore the bank provided ₹5,400 crore to correct the …

Pradhan Mantri Jan Dhan Yojana: From benefits to impact; all you need to know
1 year, 5 months ago

Pradhan Mantri Jan Dhan Yojana: From benefits to impact; all you need to know

Live Mint  

In 2014, the Indian government launched the Pradhan Mantri Jan Dhan Yojana to provide financial services to all citizens, regardless of their socio-economic status. Pradhan Mantri Jan Dhan Yojana is a National Mission on Financial Inclusion which has an integrated approach to bring about comprehensive financial inclusion and provide banking services to all households in the country. The scheme ensures …

'Five decades journey in just six years...': World Bank applauds India, PM Modi acknowledges it
1 year, 6 months ago

'Five decades journey in just six years...': World Bank applauds India, PM Modi acknowledges it

India TV News  

The World Bank stated that India's digital public infrastructure has had a profound impact that goes well beyond financial inclusion. The World Bank's praises come as India has developed some of the best digital public goods infrastructure, which has the potential to transform lives all across the world. World Bank document hails Indian govt's policy The World Bank document, prepared …

Jan Dhan will have a transformative impact
1 year, 6 months ago

Jan Dhan will have a transformative impact

Hindustan Times  

In the heart of flourishing democracies worldwide lies the perennial desire for inclusive growth and collective prosperity. The widespread nature of formal banking in India historically catered mainly to the elite, it left a vast majority underrepresented, especially in rural areas where only 54% of households had bank coverage as per the 2011 Census. A mere 35.2% of the population …

Jan Dhan Yojana revolutionised financial inclusion in India, more than 50 cr bank a/cs opened: FM
1 year, 6 months ago

Jan Dhan Yojana revolutionised financial inclusion in India, more than 50 cr bank a/cs opened: FM

The Hindu  

Finance Minister Nirmala Sitharaman on August 28 said Jan Dhan Yojana-led interventions and digital transformation have revolutionised financial inclusion in the country, as more than 50 crore people have been brought into the formal banking system with cumulative deposits surpassing ₹2 lakh crore. On the ninth anniversary of the Pradhan Mantri Jan Dhan Yojana, which is one of the biggest …

PMJDY accounts cross 50 crore, deposits exceed ₹2 lakh crore
1 year, 6 months ago

PMJDY accounts cross 50 crore, deposits exceed ₹2 lakh crore

The Hindu  

The number of bank accounts under the PM Jan Dhan Yojana, which completes nine years on Monday, has crossed 50 crore this month with total deposits exceeding ₹2 lakh crore, Financial Services Secretary Vivek Joshi said on Saturday. As of August 16, 50.09 crore PMJDY accounts had been opened with total deposits at ₹2,03,505 crore, up from 48.65 crore accounts …

‘Significant milestone’, says PM Modi as Jan-Dhan accounts cross 500 million
1 year, 7 months ago

‘Significant milestone’, says PM Modi as Jan-Dhan accounts cross 500 million

Hindustan Times  

Prime Minister Narendra Modi on Saturday said it is a “significant milestone” that the flagship scheme for financial inclusion – Pradhan Mantri Jan-Dhan Yojana – has crossed 500 million, with 56% of bank accounts belonging to women and 67% of those opened in rural and semi-urban areas. Prime Minister Narendra Modi Read here: PM Modi focused on unorganised sector to …

PM Modi Applauds 50-Crore Mark for Jan Dhan Accounts Over Half Owned by Women
1 year, 7 months ago

PM Modi Applauds 50-Crore Mark for Jan Dhan Accounts Over Half Owned by Women

Deccan Chronicle  

New Delhi: Prime Minister Narendra Modi on Saturday lauded the feat of the number of Jan Dhan accounts crossing the 50-crore mark as a significant milestone.It is heartening to see that more than half of these accounts belong to women, Modi posted on X. The Union Finance Ministry said on Friday that the total number of Jan Dhan accounts in …

SBI research finds 3x increase in net profit of banks under Modi govt
1 year, 7 months ago

SBI research finds 3x increase in net profit of banks under Modi govt

Op India  

The Indian banking sector has witnessed tremendous transformation between Financial Year 2013-2014 and Financial Year 2022-2023, revealed a research report by the State Bank of India on Tuesday. Screengrab of the key banking indicators from FY14-FY23, chart via SBI Research/ RBI Moreover, the net profit of banks tripled from ₹809 trillion to 2,480 trillion between Financial Year 2013-2014 and Financial …

PM Jan-Dhan Yojana adds 500 mn accounts; deposits cross ₹2.03 trillion
1 year, 7 months ago

PM Jan-Dhan Yojana adds 500 mn accounts; deposits cross ₹2.03 trillion

Live Mint  

New Delhi: Pradhan Mantri Jan-Dhan Yojana, the scheme which is responsible for providing basic banking facilities to the underprivileged and further catalysing the government’s mission for financial inclusion, now has in excess of 500 million accounts with deposits crossing ₹2.03 lakh crore. “As per the latest reports submitted by banks the total number of Jan Dhan accounts have crossed 50 …

SBI achieved 13% growth in gross advances, says chairman
1 year, 7 months ago

SBI achieved 13% growth in gross advances, says chairman

The Hindu  

State Bank of India Chairman Dinesh Kumar Khara has said that in the April - June quarter of the current financial year, the bank has achieved 13.9% growth in gross advances, and this year an overall growth of 12% is expected. Interacting with the media after inaugurating the expo, Mr. Dinesh said that the processing fee on loans to be …

PM Modi's Garib Kalyan: Why Rahul Gandhi is Wrong in Saying 'Poverty is a State of Mind' - News18
1 year, 7 months ago

PM Modi's Garib Kalyan: Why Rahul Gandhi is Wrong in Saying 'Poverty is a State of Mind' - News18

News 18  

Speaking at a function in Allahabad in 2013, Rahul Gandhi stirred the hornet’s nest by dismissing poverty as just “a state of mind.” Measuring his words carefully has never been a strong suit of the Gandhi scion. Coming back to the issue of poverty, back in 2013, hailing the role of self-help groups, the then Congress vice president, Rahul Gandhi …

Net profit of PSBs almost tripled to ₹1.04 lakh in FY2022-23: FM Sitharaman
1 year, 8 months ago

Net profit of PSBs almost tripled to ₹1.04 lakh in FY2022-23: FM Sitharaman

Live Mint  

Finance Minister Nirmala Sitharaman on Saturday appreciates the state-run banks for becoming profiteering. According to the union Finance Minister, the net profit of public sector banks has almost tripled to ₹1.04 lakh crore in fiscal 2022-23. "The Non-Performing Assets of the Indian banks is estimated to reduce further to a decadal low of 3.8% by end of FY 2023-24," Sitharaman …

SBI to raise ₹50k crore via debt instruments
1 year, 9 months ago

SBI to raise ₹50k crore via debt instruments

Live Mint  

State Bank of India on Friday said its board has approved a proposal to raise up to ₹50,000 crore this fiscal year through various debt instruments. India’s largest bank intends to raise the funds by issuing long-term bonds, Basel III-compliant Additional Tier 1 bonds, and Basel III-compliant Tier 2 bonds, in private placements to either Indian or overseas investors, subject …

PM Modi focused on unorganised sector to push growth: Union MoS
1 year, 9 months ago

PM Modi focused on unorganised sector to push growth: Union MoS

Hindustan Times  

Hailing the nine years of prime minister Narendra Modi-led government, Union minister of state for foreign affairs and culture Meenakshi Lekhi said the Modi government’s policies have pushed India on the path of growth. Within four months of coming to power, the prime minister ensured 53 crore more bank accounts were opened, out of which 48 crore were ‘Jan Dhan’ …

SBI's Q4 net profit jumps 83% to ₹16,694 cr
1 year, 10 months ago

SBI's Q4 net profit jumps 83% to ₹16,694 cr

Hindustan Times  

The country's largest bank SBI on Thursday reported an 83 per cent jump in net profit at ₹16,694.51 crore for the fourth quarter of 2022-23 fiscal on higher interest income and low provisioning. For the full 2022-23 fiscal, SBI's net profit increased 59 per cent to ₹ 50,232.45 crore. During the March quarter of 2022-23 fiscal, the bank's interest income …

Jammu and Kashmir Bank records highest-ever net annual profit of ₹1,197 crore
1 year, 10 months ago

Jammu and Kashmir Bank records highest-ever net annual profit of ₹1,197 crore

The Hindu  

Jammu and Kashmir Bank has announced its highest-ever net annual profit of ₹1,197 crore in the results for the financial year 2022-23. With a decade-high capital adequacy ratio of 15.39% and non-performing assets at an eight-year low of 6.04%, the bank also recorded its highest-ever quarterly profit of ₹476 crore in the last quarter. "Jammu and Kashmir Bank has recorded …

SBI to consider $2 billion fundraising in FY24 via senior unsecured notes
1 year, 11 months ago

SBI to consider $2 billion fundraising in FY24 via senior unsecured notes

Live Mint  

The largest public sector lender in the country, State Bank of India on Monday announced its plan to raise up to $2 billion for the financial year FY24 through the issuance of senior unsecured notes. It added, the board is meeting to "examine the status and decide on long-term fundraising in single/multiple tranches of up to $ 2 billion., through …

Banks sanction ₹23.2 lakh crore to about 41 crore beneficiaries under Mudra Yojana
1 year, 11 months ago

Banks sanction ₹23.2 lakh crore to about 41 crore beneficiaries under Mudra Yojana

The Hindu  

Banks and financial institutions have sanctioned ₹23.2 lakh crore to more than 40.82 crore beneficiaries under the Mudra Yojana launched to fund the unfunded eight years ago. Pradhan Mantri MUDRA Yojana was launched on April 8, 2015, by Prime Minister Narendra Modi to facilitate easy collateral-free micro-credit of up to ₹10 lakh to non-corporate, non-farm small and micro-entrepreneurs for income-generating …

SBI records highest ever quarterly profit at Rs 13,265 crores in July-September
2 years, 4 months ago

SBI records highest ever quarterly profit at Rs 13,265 crores in July-September

Op India  

State Bank of India, India’s largest lender, reported its highest-ever quarterly profit in the second quarter. The bank’s net profit increased 74% year on year for the quarter that ended on September 30, as core income increased and bad loan provisions decreased as the non-performing assets ratio dropped. SBI standalone profit jumps 74 per cent to Rs 13,265 crore in …

SBI Q2 results 2022: Net profit jumps 74%, net interest income rises 16.8%
2 years, 4 months ago

SBI Q2 results 2022: Net profit jumps 74%, net interest income rises 16.8%

Live Mint  

SBI Q2 results 2022: The State Bank of India has announced its quarterly results for recently ended September 2022 quarter. The largest commercial bank of India has posted highest ever quarterly net profit at ₹13,265 crores whereas its year-on-year net profit has risen around 74 per cent. SBI's net interest income for the recently ended July to September 2022 quarter …

Jan Dhan Accounts Grow Threefold To 46.25 Crore Since Inception; Know Key Benefits
2 years, 6 months ago

Jan Dhan Accounts Grow Threefold To 46.25 Crore Since Inception; Know Key Benefits

News 18  

Financial inclusion scheme Pradhan Mantri Jan Dhan Yojna was launched by Prime Minister Narendra Modi on August 28, 2014. The success of the PMJDY since August 28, 2014 is reflected in terms of opening of over 46 crore bank accounts with deposit balance of Rs 1.74 lakh crore with its expanded coverage to 67 per cent rural or semi-urban areas …

Nirmala Sitharaman says financial inclusion major step towards inclusive growth
2 years, 6 months ago

Nirmala Sitharaman says financial inclusion major step towards inclusive growth

The Hindu  

Financial inclusion is a major step towards inclusive growth which ensures the overall economic development of the marginalised sections of the society, Finance Minister Nirmala Sitharaman said on Sunday. The success of the Pradhan Mantri Jan Dhan Yojana since August 28, 2014 is reflected in terms of opening of over 46 crore bank accounts with deposit balance of ₹1.74 lakh …

Financial inclusion major step towards inclusive growth, says Finance Minister Nirmala Sitharaman
2 years, 6 months ago

Financial inclusion major step towards inclusive growth, says Finance Minister Nirmala Sitharaman

Firstpost  

Sitharaman said the success of the Pradhan Mantri Jan Dhan Yojana since 28 August, 2014 is reflected in terms of opening of over 46 crore bank accounts New Delhi: Financial inclusion is a major step towards inclusive growth which ensures the overall economic development of the marginalised sections of the society, Finance Minister Nirmala Sitharaman said on Sunday. The success …

SBI Q1 Results: State Bank of India Net Profit Down by 6% YoY at Rs 6,068 Crore
2 years, 7 months ago

SBI Q1 Results: State Bank of India Net Profit Down by 6% YoY at Rs 6,068 Crore

News 18  

SBI Q1 FY23 Results: India’s largest public sector lender State Bank of India on Saturday reported a drop in net profit by 6.07 per cent at Rs 6,068 crore in Q1 FY23 as against Rs 6,504 crore in Q1 FY22. The Net interest Income, or NII for the quarter under review stood at Rs 31,196, an increase of 12.87 per …

Modi@8: Eight Flagship Schemes Launched by the Narendra Modi Govt Since 2014
2 years, 9 months ago

Modi@8: Eight Flagship Schemes Launched by the Narendra Modi Govt Since 2014

News 18  

The BJP-led National Democratic Alliance completes eight years in power on May 26, with Prime Minister Narendra Modi saying the tenure has been dedicated to the country’s balanced development, social justice and social security. Ayushman Bharat The Pradhan Mantri Jan Arogya Yojana Ayushman Bharat scheme was launched by Prime Minister Narendra Modi in September 2018 and has been billed as …

SBI Q4 results: Profit jumps 41%, bad loans decline
2 years, 10 months ago

SBI Q4 results: Profit jumps 41%, bad loans decline

India Today  

State Bank of India on Friday reported a 41 per cent surge in standalone net profit at Rs 9,114 crore for the fourth quarter ended March 2022, helped by decline in bad loans. On a consolidated basis, the bank reported a 56 per cent increase in net profit at Rs 9,549 crore, compared to Rs 6,126 crore in the fourth …

SBI Q4 Result: Net Profit Rises 41 Per Cent To Rs 9,113 Crore, Board Announces Dividend Of Rs 7.10
2 years, 10 months ago

SBI Q4 Result: Net Profit Rises 41 Per Cent To Rs 9,113 Crore, Board Announces Dividend Of Rs 7.10

ABP News  

New Delhi: State Bank of India, the country’s largest public sector lender, on Friday clocked a 41 per cent year-on-year rise in net profit to Rs 9,113.5 crore for the fourth quarter ended March on fall in bad loans, the PTI reported. SBI’s net interest income for the reported quarter jumped 15.3 per cent YoY to Rs 31,198 crore as …

PM Mudra Yojana: Rs 18.60 lakh crore sanctioned in loans in 7 years
2 years, 11 months ago

PM Mudra Yojana: Rs 18.60 lakh crore sanctioned in loans in 7 years

Firstpost  

The scheme was launched on April 8, 2015, by Prime Minister Narendra Modi for providing loans up to Rs 10 lakh to the non-corporate, non-farm small/micro-enterprises New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said that more than 34.42 crore loan accounts amounting to Rs 18.60 lakh crore have been opened under Pradhan Mantri Mudra Yojana in the past …

Zero-Balance Account with ATM Card, Rs 2 Lakh Insurance. Know Which Banks are Offering
3 years, 2 months ago

Zero-Balance Account with ATM Card, Rs 2 Lakh Insurance. Know Which Banks are Offering

News 18  

Pradhan Mantri Jan Dhan Yojana: To facilitate financial inclusion, the government of India has launched the Pradhan Mantri Jan Dhan Yojana in 2014. Here are the benefits that an individual gets when he or she opens a Jan Dhan account under the Pradhan Mantri Jan Dhan Yojana: – The account holder can get to avail an overdraft facility after six …

PM Jan Dhan Yojana: Redefining Financial Inclusion, the Narendra Modi Way
3 years, 2 months ago

PM Jan Dhan Yojana: Redefining Financial Inclusion, the Narendra Modi Way

News 18  

Pradhan Mantri Jan Dhan Yojana was launched on August 28, 2014, with the objective to ensure accessibility to various financial services like availability of basic savings bank account, need-based credit, remittance facility, insurance, micro-credit and pension to the excluded sections, which includes the weaker sections and low-income groups. The Jan Dhan Revolution Coming back to Jan Dhan, more than 44.34 …

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