SBI expects JanDhan accounts to break even next year

Last Updated: Sunday, August 30, 2015, 12:22

State Bank of India expects its accounts under the Jan Dhan scheme to break even next year given the healthy growth in average deposits in these accounts, while total deposits have more than doubled to Rs 5,125 crore as of June-end.

Payments banks Rs 14 lakh cr bonanza for infra sector

Last Updated: Sunday, August 30, 2015, 11:38

Payments banks can annually free up a whopping Rs 14 trillion in incremental credit for the fund-starved infrastructure sector, says a SBI Research report.

PSBs need govt support for viability of social schemes: SBI

Last Updated: Friday, August 28, 2015, 17:55

SBI chief Arundhathi Bhattacharya on Friday said the government needs to think about "ways and means" to sustain social security schemes.

SBI to recruit 6 Chief Customer Service Officers

Last Updated: Wednesday, August 26, 2015, 13:42

The State Bank of India has advertised the recruitment of Chief Customer Service Officers in State Bank Group.

SBI chief takes U-turn, says payments banks 'opportunity' for all

Last Updated: Tuesday, August 25, 2015, 23:31

In a U-turn from her earlier stated position on the entry of payments banks, SBI chief Arundhati Bhattacharya Tuesday said there is nothing negative about them and there is a huge opportunity for the entire banking system.

Govt to infuse Rs 5,393 cr in SBI; IOB, UBI to also get funds

Last Updated: Tuesday, August 25, 2015, 23:28

Country's largest lender SBI Tuesday said it will issue equity shares on preferential basis to the government for capital infusion of Rs 5,393 crore.

U-turn on payments banks: SBI chief sees 'opportunity' for all

Last Updated: Tuesday, August 25, 2015, 22:34

"With this new competition, I think there is a huge opportunity out there for the entire banking sector. And this opportunity is for us to take," she said.

Rupee fall due to China fears, India on firm footing: SBI chief

Last Updated: Tuesday, August 25, 2015, 00:14

State Bank chairman Arundhati Bhattacharya Monday described the massive fall in the rupee as "driven by apprehensions" about the crisis in China and asserted it does not indicate any fundamental issues with Indian economy.

Manufacturing sector growth improves in August: SBI Index

Last Updated: Monday, August 24, 2015, 23:54

Country's manufacturing sector growth improved both in terms of month-on-month as well as yearly basis in August, an SBI research report said, adding that mining and electricity are still acting as a drag on the economic activity.

Call drops not good for financial inclusion: SBI chief

Last Updated: Monday, August 24, 2015, 23:08

SBI chairman Arundhati Bhattacharya Monday joined the debate on frequent call drops, citing a personal experience of not being able to get seamless connectivity while driving along Marine Drive, and warned that bad networks are detrimental to financial inclusion agenda.

Payments banks could make banking sector be a 'dog-eat-dog' market: SBI chief

Last Updated: Monday, August 24, 2015, 22:50

State Bank of India (SBI) chief Arundhati Bhattacharya Monday again expressed fears over the entry of payments banks, saying they are agile and have an edge as they are not bound by industry-level wage agreements which can lead to 'a dog-eat-dog's world'.

SBI chief says crisis year lending by PSBs helped pvt banks

Last Updated: Monday, August 24, 2015, 22:27

State Bank of India chief Arundhati Bhattacharya Monday said state-run lenders' risk-taking during the crisis years is helping private sector lenders report healthy asset growth by "cannibalising" the completed projects.