SBI SAVINGS ACCOUNT

Share market update: Nifty Financial Services index up; Indiabulls Housing rises 4%

The Nifty Financial Services index was trading 0.79 per cent up at 14406.15 .

There is no question of SBI helping out YES Bank: CFO

Any talk about SBI helping out YES Bank is just speculation. There is no truth in any of these talks. Any reluctance on the part of the bankers to lend has more to do with demand. Bankers are becoming more risk conscious, not risk averse. The way things are happening, gradually we are becoming more cautious about understanding the risk.

Nepal SBI post 13 per cent growth in net profit for FY19

Nepal SBI Bank, a subsidiary of State Bank of India, has posted a Rs 229.25 crore net profit for 2018-19, registering a growth of 13.29 per cent. The bank mobilised total deposit of Rs 9,792.45 crore and extended loans and advances of Rs 8,864.47 crore at the closing of the year, according to a statement issued by the bank ahead of its Annual General Meeting.

SBI coming to the aid of YES Bank? No way, says CFO Kumar

YES Bank is seeking to raise $2 bn by issuing fresh equity and weighing a number of offers.

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RBI had no objection to issuance of electoral bonds through SBI: FM

Nirmala Sitharaman on Tuesday said in Rajya Sabha that the RBI had no objection to issuance of electoral bonds through SBI. Replying to a supplementary during the Question Hour on electoral bonds through the SBI, the Finance Minister said RBI being a stakeholder was involved in extensive consultations with the government at the stage of conceptualisation.