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NHAI ink MoU with SBI for Long Term, unsecured Loan of Rs 25,000 crore
National Highways Authority of India (NHAI) has singed Memorandum of Understanding (MoU) with country’s largest lender State Bank of India (SBI) for long term unsecured loan of Rs. 25,000 crore for 10 years with 3 years of moratorium on repayments. ..
Month: Current Affairs - August, 2018
Indian Army inks MoU with SBI on Defence Salary Package
Indian Army has singed Memorandum of Understanding (MoU) with State bank of India (SBI) on Defence Salary Package. It is revised version of first MoU between SBI and Indian Army signed in 2011 and was renewed again in February 2015 ..
Month: Current Affairs - July, 2018
Rajnish Kumar appointed as new chairman of State Bank of India (SBI)
Rajnish Kumar, the Managing Director of SBI, has been appointed as the new chairman of the State Bank of India (SBI) for a period of three years. He will succeed Arundhati Bhattacharya, whose tern is going to end on October ..
FTSE SBI Bond Index: India's first bond index series launched by SBI
State Bank of India (SBI) along with FTSE Russell, global index and data provider launched FTSE SBI Bond Index series at London Stock Exchange (LSE). It is India’s first bond index series for overseas investors. It launch follows November 2015 ..
Month: Current Affairs - September, 2017
SBI launches 'SBI Realty' portal for home buyers
India’s largest commercial bank State Bank of India (SBI) launched SBI Realty, a dedicated portal that will help home buyers to choose flats from its 3,000 approved projects across the country. SBI Realty will be a one stop integrated website ..
Month: Current Affairs - July, 2017
Five State Banks, Bharatiya Mahila Bank merge with SBI
Five associates and the Bharatiya Mahila Bank have officially merged with country’s largest lender State Bank of India (SBI). With this merger, SBI joins the league of top 50 banks globally in terms of assets. The five associate banks are: ..