Citi, SBI announce $295 million facility for small farmers

 03 Apr 2025 12:02 PM

Citi and State Bank of India (SBI) launched a $295 million social loan facility to support India's small farmers by improving their productivity and income. Citi's Trade & Working Capital Solutions will provide the loan, which SBI will use to finance its Kisan Credit Card loans, targeting financial inclusion for farmers with small landholdings.

NABARD and SBI forge strategic partnership for sustainable growth of rural Assam

 30 Mar 2025 05:07 PM

National Bank for Agriculture and Rural Development (NABARD) and State Bank of India (SBI) have signed an MoU to boost rural growth in Assam. The partnership aims to finance Rs. 500 crores in FY 2025-26, with a target of Rs. 1,000 crores annually thereafter. The focus is on enhancing rural livelihoods and improving the credit ecosystem.

MADHYA BHARAT AGRO PRODUCTS: CO SAYS HAS EXECUTED AGREEMENTS OF RS. 633 CRORES FOR EXISTING AND PROPOSED FACILITIES WITH STATE BANK OF INDIA CONSORTIUM

 27 Mar 2025 06:59 PM

MADHYA BHARAT AGRO PRODUCTS: CO SAYS HAS EXECUTED AGREEMENTS OF RS. 633 CRORES FOR EXISTING AND PROPOSED FACILITIES WITH STATE BANK OF INDIA CONSORTIUM

SBI earns Rs 331 cr from ATM withdrawals, while other state-owned banks face losses

 27 Mar 2025 05:55 PM

State Bank of India earned Rs 331 crore from ATM cash withdrawals in 2023-24, while other state-owned banks collectively lost Rs 925 crore. SBI dominates the ATM market with over 65,000 ATMs. Customers get limited free ATM transactions; fees apply beyond those limits. Despite fewer transactions, cash remains vital. Increased fees boosted the ATM network.

ATM withdrawals make SBI richer, other PSBs poorer

 27 Mar 2025 05:55 PM

State Bank of India earned Rs 331 crore from ATM cash withdrawals in 2023-24, while other state-owned banks collectively lost Rs 925 crore. SBI dominates the ATM market with over 65,000 ATMs. Customers get limited free ATM transactions; fees apply beyond those limits. Despite fewer transactions, cash remains vital. Increased fees boosted the ATM network.

PSU stocks give Rs 5 lakh crore fillip to BSE m-cap after 6-day rally; SBI, LIC shine

 26 Mar 2025 12:25 PM

The top 10 contributors to market capitalization between March 17 and 24 included Hindustan Aeronautics (HAL), State Bank of India (SBI), Life Insurance Corporation (LIC), Indian Railway Finance Corporation (IRFC), NTPC, Oil & Natural Gas Corporation (ONGC), with their market capitalizations rising between Rs 49,155 crore and Rs 15,353 crore.

SBI raises $1 bn in syndicated dollar loan

 26 Mar 2025 12:51 AM

State Bank of India secured a $1 billion dollar-denominated syndicated loan, marking the largest such loan this year from India. Despite a struggling foreign-currency debt market, this move may signal a reversal, with Reliance Industries seeking a $3 billion loan. Non-banking financial companies are also increasingly exploring dollar-denominated funding options.

SBI centralisation push said to move more work from Kolkata to Mumbai

 19 Mar 2025 12:16 AM

State Bank of India is moving forward with its plan to centralize operations by shifting several divisions under its global market unit from Kolkata to Mumbai. Despite protests and previous delays, they are pushing ahead with the move to streamline operations and enhance efficiency.

SBI renews plan to shift more departments from Kolkata to Mumbai

 19 Mar 2025 12:16 AM

State Bank of India is moving forward with its plan to centralize operations by shifting several divisions under its global market unit from Kolkata to Mumbai. Despite protests and previous delays, they are pushing ahead with the move to streamline operations and enhance efficiency.

State Bank of India shelves $1.7 bn fund raising as yields elevated, sources say

 17 Mar 2025 10:52 AM

State Bank of India (SBI) has decided to delay its plans to raise 150 billion rupees ($1.7 billion) through bond sales this fiscal year due to persistently high bond yields, despite a recent rate cut and liquidity boost from the central bank. The bank had initially planned to issue the bonds by March but will now wait until the next financial year starting in April.