SBI Card Surpasses 20 Million Credit Cards Milestone Introduction to the AchievementState Bank of India (SBI) Card, a prominent player in India’s credit card market, has achieved a significant milestone by surpassing the 20 million mark in credit cards issued. This achievement places SBI Card among the leaders in the Indian credit card industry, solidifying…
State Bank of India Raises $500 Million via Five-Year Bonds Introduction: SBI’s $500 Million Bond Issuance The State Bank of India (SBI), one of India’s largest public sector banks, has successfully raised $500 million through the issuance of five-year bonds. This move highlights SBI’s robust financial standing and its efforts to diversify funding sources. The…
SBI Raises ₹50,000 Crore Through AT1 Bonds at 7.98% Overview of SBI’s Fundraising Initiative The State Bank of India (SBI), one of India’s largest public sector banks, has successfully raised ₹50,000 crore through Additional Tier 1 (AT1) bonds. These bonds were issued at an attractive coupon rate of 7.98%, aimed at bolstering the bank’s capital…
State Bank of India Market Cap Crosses ₹8 Lakh Crore Milestone State Bank of India (SBI), the largest public sector bank in India, achieved a significant milestone as its market capitalization crossed the ₹8 lakh crore mark. This achievement highlights the robust performance and confidence of investors in the bank’s growth prospects. Market Cap Milestone…
SBI’s Q4 Report Highlights Strong Performance and Improved Asset Quality In a significant revelation, the State Bank of India (SBI) recently released its Q4 report, showcasing robust performance and notable improvements in asset quality. The report underscores SBI’s resilience amidst challenging economic conditions, affirming its position as a key player in the financial sector. Let’s…
FSIB Recommendations for SBI and Indian Bank MD Appointments The Financial Sector Regulatory Appointment Search Committee (FSIB) has recently made significant recommendations regarding the appointment of Managing Directors (MDs) at State Bank of India (SBI) and Indian Bank. This move comes amidst a crucial juncture in the banking sector, where leadership decisions hold immense importance….
SBICAPS Appoints Virendra Bansal as the New MD and CEO SBICAPS, the investment banking arm of State Bank of India (SBI), has recently announced the appointment of Virendra Bansal as its new Managing Director (MD) and Chief Executive Officer (CEO). Bansal will take over the reins from the outgoing MD and CEO, Rajnish Kumar. In…
Indian Navy and SBI Join Hands to Launch NAV-eCash Card The Indian Navy, in collaboration with the State Bank of India (SBI), has recently unveiled a groundbreaking initiative – the NAV-eCash card. This strategic partnership aims to revolutionize financial transactions for naval personnel, including those preparing for various government exams such as teachers, police officers,…
Centre Extends SBI Chairman Dinesh Khara’s Tenure Until August 2024 In recent news, the Central Government has announced the extension of State Bank of India (SBI) Chairman Dinesh Khara’s tenure until August 2024. This decision holds significant implications for the banking sector and is especially crucial for aspirants preparing for various government exams, including those…
SBIs Innovative Approach to Prevent Loan Default: Chocolates at Borrowers’ Doorsteps The State Bank of India (SBI), one of India’s largest and most prominent banks, has recently adopted a unique and innovative approach to tackle the issue of loan defaults. In a surprising move, the bank has started delivering chocolates to the doorsteps of borrowers….
