We guarantee you won't mind standing in queue at this MUST visit SBI branch
5 years, 3 months ago

We guarantee you won't mind standing in queue at this MUST visit SBI branch

India TV News  

State Bank of India Chairman Shri Rajnish Kumar has inaugurated the Diskit Branch at Nubra Valley, Ladakh, on September 14. The ceremony marked the presence of Lt. Gen. YK Joshi GOC 14 Corps, Leh as the guest of honour, SBI CGM, Shri Rana Ashutosh Kumar Singh. With the population of 1760 as per 2011 Census, residents of Diskit, which is about 100 Kms away from Leh, can now avail all kind of banking services in their hometown without any hassle of travelling miles to avail banking facilities, the Bank said in a statement. State Bank of India has been stepping ahead towards achieving the aim to get the unbanked and underbanked areas to have better access to financial services, it said.

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History of this topic

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?
5 months ago

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?

India TV News  

The State Bank of India, the largest state-owned bank in India, has announced an increase in its lending rates by 10 basis points across tenors, effective from August 15, 2024. Introduced in April 2016 as a replacement for the base rate system, the MCLR is used as a benchmark for setting lending rates unless specific exceptions are approved by the …

SBI plans to open 400 branches in FY25: Chairman Dinesh Khara
6 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 Raises Lending Rates By 10 Basis Points, EMIs Set To Increase
7 months ago

SBI Raises Lending Rates By 10 Basis Points, EMIs Set To Increase

ABP News  

The State Bank of India, India's largest lender, has raised its marginal cost of funds-based lending rate by 10 basis points, equivalent to 0.1 per cent, across all loan tenures. Similarly, the overnight MCLR has increased to 8.10 per cent from 8.00 per cent, while the one-month and three-month MCLR rates have increased to 8.30 per cent from 8.20 per …

SBI fixed deposit interest rates hiked. Check latest here
1 year ago

SBI fixed deposit interest rates hiked. Check latest here

Hindustan Times  

Recently, the State Bank of India raised interest rates on fixed deposits of less than ₹2 crore. Representational Image Also, this rate hike by SBI, the country's largest bank and a private sector lender, is applicable on all but three FD tenures: one year to less than two years, two years to less than three years, and five years to …

SBI achieved 13% growth in gross advances, says chairman
1 year, 4 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 …

SBI’s home loan interest rates change from today, benchmark lending rates up
1 year, 11 months ago

SBI’s home loan interest rates change from today, benchmark lending rates up

Live Mint  

Home loan interest rates at the State Bank of India have changed from Wednesday onward as the lender hiked lending rates of key benchmarks. Latest SBI home loan rates: Regular Home loan, Flexipay, NRI, Non-Salaried, Privilege, APON Ghar: Under the campaign offer, SBI is giving a concession of 30 bps to 40 bps to borrowers with a credit score from …

SBI hikes home loan interest rate; EMIs set to go up
2 years, 7 months ago

SBI hikes home loan interest rate; EMIs set to go up

India TV News  

SBI Home Loan Interest Rate: State Bank of India, the country's largest lender, has hiked the lending rates following the Reserve Bank of India's repo rate hike last week. The central bank had hiked the repo rate by 0.50 per cent to 4.90 per cent. The public sector bank has revised by up to 0.20 per cent the marginal cost …

SBI Fixed Deposit Interest Rates Hiked for These Tenors; Check New FD Rates Here
2 years, 7 months ago

SBI Fixed Deposit Interest Rates Hiked for These Tenors; Check New FD Rates Here

News 18  

SBI Fixed Deposit Interest Rates: A week after the Reserve Bank of India increased its repo rates for the second straight time in a row, India’s largest pubic sector lender State Bank of India hiked its interest rates on fixed deposits by up to 20 basis points. For tenures of one year to less than two years, the rates have …

SBI says loan demand is bouncing back as its shares outperform peers
2 years, 7 months ago

SBI says loan demand is bouncing back as its shares outperform peers

Live Mint  

Consumer cutbacks due to raging inflation and higher borrowing costs are failing to dent investment plans at Indian businesses tapping the country’s biggest lender, a sign that a recovery in Asia’s third-largest economy is gathering pace. Companies are steadily drawing down from a $71 billion loan pipeline, Dinesh Kumar Khara, chairman of State Bank of India, told Bloomberg News in …

SBI alert: EMIs for State Bank of India customers to go up | Top points
2 years, 8 months ago

SBI alert: EMIs for State Bank of India customers to go up | Top points

India Today  

State Bank of India has raised its marginal cost of funds based lending rate by 10 basis points or 0.1 per cent across all tenures. An overnight, one-month and three-month MCLR rose by 10 bps to 6.75 per cent, whereas a six-month MCLR increased to 7.05 per cent. At the same time, two-year MCLR increased by 0.1 per cent to …

Hurry! SBI offer of 100% waiver on home loan processing fee ends tomorrow
3 years, 4 months ago

Hurry! SBI offer of 100% waiver on home loan processing fee ends tomorrow

Live Mint  

Last month, the country's largest lender State Bank of India announced waiving processing fees on home loans till August-end. SBI said it is the bank's limited period 'Monsoon Dhamaka Offer', through which a home loan customer can gain substantially. SBI home loan: Concession through Yono App There will be a concession of 5 bps for home loans applied through the …

SBI announces higher interest rate on these deposits, fees waiver on these loans
3 years, 4 months ago

SBI announces higher interest rate on these deposits, fees waiver on these loans

Live Mint  

State Bank of India has come up with concessional interest rates, waiver of processing charges on loans and higher deposit rates on specific tenures to commemorate the Independence day of India. SBI Home Loan Interest Rate, Processing Fee State Bank of India is offering a zero processing fee home loan. SBI Car Loan Interest Rate, Processing Fee The Bank has …

SBI waives processing fee on home loans till August-end
3 years, 5 months ago

SBI waives processing fee on home loans till August-end

India TV News  

The country's largest lender State Bank of India on Saturday announced waiving processing fee on home loans till August-end. SBI said it is the bank's limited period 'Monsoon Dhamaka Offer', through which a home loan customer can gain substantially. "There could not be a better time to buy a house, considering SBI home loan interest rates start at just 6.70 …

SBI reduces home loan rates to 6.7%
3 years, 10 months ago

SBI reduces home loan rates to 6.7%

The Hindu  

The country’s largest lender State Bank of India on March 1 said it has reduced interest rates on home loans by up to 10 basis points and is offering loans starting from 6.70% rate. The bank said the home loan interest rates will start from 6.70% for loans up to ₹75 lakh and 6.75% for loans in the range of …

SBI Home Loan Interest Rate: State Bank of India Offers Up To 30 Basis Points Concession
4 years ago

SBI Home Loan Interest Rate: State Bank of India Offers Up To 30 Basis Points Concession

News 18  

The State Bank of India on Friday announced that it will offer interest concession of up to 30 basis points on home loan interest rates, and a 100 per cent waiver of processing fees. SBI said its interest rate on home loans start from 6.80 percent for loans upto Rs 30 lakh and 6.95 percent for loans above Rs 30 …

SBI announces upto 0.25 % concession on home loan rates
4 years, 2 months ago

SBI announces upto 0.25 % concession on home loan rates

Deccan Chronicle  

Mumbai : The country’s largest lender State Bank of India on Wednesday announced up to 25 basis points concession on home loan rates as part of its festival offers. SBI home loan customers would get an interest concession of 25 bps for buying their dream homes of above Rs 75 lakh based on CIBIL score and through YONO app. SBI …

Plenty of liquidity available in the system: SBI chief Rajnish Kumar
4 years, 6 months ago

Plenty of liquidity available in the system: SBI chief Rajnish Kumar

Live Mint  

State Bank of India chairman Rajnish Kumar on Thursday said that there is enough liquidity available in the system and also interest rates have moderated to a large extent. Speaking at a webinar organised by Bharat Chamber of Commerce, Kumar said that both the RBI and the government have taken measures to bring back the economy, derailed by the pandemic, …

Home loans get cheaper as SBI cuts lending rates
4 years, 7 months ago

Home loans get cheaper as SBI cuts lending rates

The Hindu  

Country’s largest lender State Bank of India has reduced the marginal cost of fund based lending rate by 25 bps across all tenors. The lending rate reduction comes after Reserve Bank of India cut the repo rate by 40 bps in May. Following the repo rate cut, the lending rates of SBI which are linked to the repo rate, are …

Investors wary of loans amid SBI’s higher valuation call
5 years, 2 months ago

Investors wary of loans amid SBI’s higher valuation call

Live Mint  

Mumbai: The country’s largest lender, State Bank of India, believes it deserves a higher valuation from investors than what is ascribed to it at present. Chairman Rajnish Kumar has rolled out his plan for the next two years, through which SBI will hack through its pile of bad loans and bring in virtuous business growth. The other risk with SBI, …

SBI Customers Attention! SBI Bank likely to charge processing fees on home loans, top-up plans
5 years, 3 months ago

SBI Customers Attention! SBI Bank likely to charge processing fees on home loans, top-up plans

India TV News  

SBI Home Loan Processing Fee: India's largest lender State Bank of India is likely to charge processing fees for home loans borrowers, top-up plans and corporate and builder loans. According to TOI report, SBI, in an internal circular, has informed that the full waiver of the consolidated processing fee, which was to last through the festive period till December, has …

SBI home loans to get cheaper as bank reduces key lending rates
5 years, 3 months ago

SBI home loans to get cheaper as bank reduces key lending rates

India TV News  

The country's largest lender by assets, State Bank of India or SBI on Wednesday announced reduction in its marginal cost of fund-based lending rate by 10 basis points across all tenors. SBI's move to reduce the key lending rate comes after Reserve Bank of India cut the repo rate by 25 basis points last week. SBI has also announced a …

SBI lowers rates on non-repo-linked loans by 10 bps
5 years, 3 months ago

SBI lowers rates on non-repo-linked loans by 10 bps

India TV News  

State Bank of India on Wednesday announced reduction in its marginal cost of fund based lending rate by 10 basis points across all tenors, effective October 10. This is the sixth time that the country’s largest lender has cut its MCLR or minimum lending rate in the current financial year. "In view of the festival season and extending the benefits …

SBI to adopt repo rate as external benchmark for all floating rate loans from Oct 1
5 years, 3 months ago

SBI to adopt repo rate as external benchmark for all floating rate loans from Oct 1

India TV News  

State Bank of India on Monday said it will adopt repo rate as the external benchmark for all floating rate loans for MSME, home and retail loans, from October 1, 2019. On September 4, the Reserve Bank of India had mandated all banks to link all new floating rate personal or retail loans and floating rate loans to micro, small …

SBI mulls to approach RBI for clarification on lender’s plan to offer fixed-floating rate home loans
5 years, 3 months ago

SBI mulls to approach RBI for clarification on lender’s plan to offer fixed-floating rate home loans

Firstpost  

At present, SBI has a floating rate home loan product linked to its marginal cost of funds-based lending rate and it recently withdrew one linked to the repo rate. Leh: The largest lender State Bank of India will be seeking clarifications from the Reserve Bank whether it can offer long-term home loans with fixed rates in the beginning and convert …

SBI to seek clarity on RBI’s lending norms
5 years, 4 months ago

SBI to seek clarity on RBI’s lending norms

Live Mint  

The largest lender State Bank of India will be seeking clarifications from the Reserve Bank whether it can offer long-term home loans with fixed rates in the beginning and convert the same into floating rates later, chairman Rajnish Kumar has said. The move comes after the Reserve Bank has mandated banks to shift all retail lending to floating rates that …

SBI announces home, auto loans at cheaper rates during festival season; other lenders likely to follow suit
5 years, 4 months ago

SBI announces home, auto loans at cheaper rates during festival season; other lenders likely to follow suit

Firstpost  

Recently, SBI reduced MCLR by 15 bps due to which overall home loan interest rate is now reduced by 35 bps since April 2019. Concession of 25 bps on interest rate if applied for car loan via digital platform; salaried customers can avail the loan up to 90% of the car’s on-road price pic.twitter.com/iVdGSEIsTR — CNBC-TV18 August 20, 2019 The …

SBI makes BIG announcement. Offers reduced rate of interest for home, car and personal loans
5 years, 4 months ago

SBI makes BIG announcement. Offers reduced rate of interest for home, car and personal loans

India TV News  

State Bank of India, the country's largest lender, on Tuesday, announced a number of offers including cheaper rates for home loans, auto loans and education loans to cash in on festival season coming ahead. The bank is offering lowest interest rate starting from 8.70 per cent to customers opting for a car loan, with no escalation in interest," PTI quoted …

SBI waives processing fee on car loans in festival season
5 years, 4 months ago

SBI waives processing fee on car loans in festival season

India TV News  

State Bank of India, the country's largest lender, on Tuesday announced processing fee waiver on car loans during the upcoming festival season in a bid to boost car sales. The bank is also offering the lowest interest rate starting 8.70 per cent on car loans, with no escalation in interest. The bank is offering the lowest interest rate starting 8.70 …

SBI announces special car, personal, education loan benefits ahead of festive season
5 years, 4 months ago

SBI announces special car, personal, education loan benefits ahead of festive season

Live Mint  

India's biggest bank State Bank of India has announced special offerings ahead of this festive season for retail customers across different product categories: auto/car loan, personal loan, education loan and home loan. In addition, SBI is offering "lowest" interest rate starting from 8.70% to customers opting for car loan, with no escalation in interest, the bank said. SBI claims to …

SBI cuts home loan rates soon after RBI policy announcement
5 years, 5 months ago

SBI cuts home loan rates soon after RBI policy announcement

Live Mint  

The country's largest bank State Bank of India today cut lending rates, within hours after the Reserve Bank of India lowered interest rates for the fourth time this year. Watch - RBI policy: MPC cuts repo rate by 35 basis points, 4th reduction in a row From July 1 this year, SBI had started offering a repo rate-linked home loan …

SBI’s large savings bank account rate, some loan rates get revised: 5 points
5 years, 5 months ago

SBI’s large savings bank account rate, some loan rates get revised: 5 points

Live Mint  

The interest rate on SBI's large savings accounts will automatically come down as the Reserve Bank of India cut its repo rate by 35 basis points to 5.4%. On the other side, the interest charged by SBI on short-term loans like overdraft and cash credit facility and a repo rate linked home loan product will also go down. From May …

Cut in SBI’s FD rates raises hopes of a reduction in lending rates
5 years, 5 months ago

Cut in SBI’s FD rates raises hopes of a reduction in lending rates

Live Mint  

A steep cut in deposit rates by State Bank of India on Monday has raised hopes of a corresponding lending rate cut by India’s largest bank in August. SBI said it will reduce interest rates on retail fixed deposits with long tenures by up to 20 basis points and 35 bps for bulk deposits with effect from 1 August. In …

SBI revises fixed deposit (FD) rates. Check out the latest rates here
5 years, 7 months ago

SBI revises fixed deposit (FD) rates. Check out the latest rates here

Live Mint  

The country’s largest lender State Bank of India has revised interest rates on its fixed deposits for second time this year. SBI pays interest rates to the tune of 5.75-7% to the general public for FDs over a maturity period of seven days to 10 years. Earlier this month, SBI reduced its marginal cost of funds based lending rate by …

SBI cuts home loan rate twice in a month
5 years, 8 months ago

SBI cuts home loan rate twice in a month

Live Mint  

The country’s largest lender State Bank of India today reduced its marginal cost of funds based lending rate, or MCLR, by 5 basis points across all tenors, bringing down the home loan interest rate for its borrowers. From May 1, India’s largest bank State Bank of India moved to a new interest rate regime on large savings account deposits as …

SBI rocks the boat of deposit rates, its peers may feel the pain
5 years, 10 months ago

SBI rocks the boat of deposit rates, its peers may feel the pain

Live Mint  

India’s largest bank has bitten the bullet on making interest rates more pliable to changes in policy rates. Margins may improve immediately and the fact that savings deposits are sticky will ensure SBI doesn’t lose its customers. The chart above shows that over the last five years, private banks have eaten into the market share of public sector peers in …

SBI links repo rate to savings account, loans
5 years, 10 months ago

SBI links repo rate to savings account, loans

Hindustan Times  

In a first, State Bank of India, the country’s largest lender, has linked savings account deposit and short-term loans to an external benchmark rate—repo rate. From May 1, savings bank deposits with balances above Rs 1 lakh will be linked to repo rate minus 2.75% with an effective saving account rate of 3.50% per annum. In case of lending, all …

In a first, SBI links pricing of loans, deposits to repo rate
5 years, 10 months ago

In a first, SBI links pricing of loans, deposits to repo rate

India TV News  

In a first-of-its kind move that will ensure faster monetary transmission, the nation's largest lender State Bank of India Friday announced linking of its savings deposits rates and short-term loans to the RBI's repo rate. SBI said it would exempt savings bank account holders with balances up to Rs 1 lakh and borrowers with cash credit accounts and overdraft limits …

SBI links savings account, short-term loan interest rates to RBI repo rate
5 years, 10 months ago

SBI links savings account, short-term loan interest rates to RBI repo rate

Live Mint  

Mumbai: State Bank of India on Friday linked its interest rate on savings account with balance above ₹1 lakh and short-term loans to Reserve Bank of India's repo rate, effective 1 May 2019. While home loan interest rates will still be determined by the marginal cost of funds-based lending rate, or MCLR, rates are expected to fall as savings deposit …

SBI chairman Rajnish Kumar sees bad loan provision falling after two quarters
6 years, 3 months ago

SBI chairman Rajnish Kumar sees bad loan provision falling after two quarters

Live Mint  

Nusa Dua, Indonesia: State Bank of India, the country’s largest lender, sees its provision for bad loans remaining high for at least the next two quarters, after which it will start softening as it steps up efforts to improve asset quality, its chairman said on Friday. The state-run lender is India’s banks have been plagued by a surge in non-performing …

Home, auto loans set to get costly as SBI hikes benchmark lending rate by 0.2 per cent
6 years, 4 months ago

Home, auto loans set to get costly as SBI hikes benchmark lending rate by 0.2 per cent

India TV News  

Home, auto and other loans would become costlier as the country's largest lender State Bank of India on Saturday increased its benchmark lending rates or MCLR by 0.2 per cent, a development followed by other lenders. Now SBI's overnight and one-month tenors' Marginal Cost of Funds Based Lending Rate stands at 8.1 per cent as against 7.9 per cent, as …

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