State Bank of India (SBI) Current Affairs, GK & News

Padmakumar M Nair named CEO of proposed bad bank

Padmakumar Madhavan Nair of State Bank of India has been appointed as the CEO of Bad Bank. The Bad Bank is a proposed entity of the National Asset Reconstruction Company (NARC). About Padmakumar Nair Current Mr Nair is serving as the Chief General Manager in charge of Stressed Assets of SBI. He has been holding ..

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SBI Report: FY22 growth at 10.4%,

The State Bank of India recently revised the growth of India for the Fiscal Year 2021-22 to 10.4%. Earlier, the bank had predicted the growth rate as 11%. SBI has curbed the growth rate of the country due to the increasing COVID-19 crisis. Suggestions made by SBI report The report says that Government of India ..

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SBI report: India’s 2nd Covid wave may last up to 100 days

Report from State Bank of India’s research team underlined that duration of the second covid-19 wave in India might last up to 100 days. The report was authored by Chief Economic Adviser of Bank, Soumya Kanti Ghosh. Highlights India is currently witnessing a spike in daily coronavirus cases. In past 24 hours it witnessed over ..

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SBI and IOCL to ink India’s First Libor Alternative Rate Deal

The State Bank of India (SBI) and Indian Oil Corporation Limited (IOCL) will be sign the first Secured Overnight Financing Rate (SOFR) linked external commercial borrowing (ECB) deal. The deal will be signed because the de facto international benchmark reference rate called the London Interbank Offered Rate (LIBOR) will no longer work as the benchmark ..

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MeitY Digital Payment Scorecard- Highlights

The Ministry of Electronics & Information Technology (MeitY) has released the list of “Digital Payment Scorecard”. In the list, the State Bank of India (SBI) has topped for the third consecutive months. Highlights The digital payment scorecard tracks the performance of the Commercial Banks on several digital parameters. SBI maintained the top remitter bank by ..

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