Former SBI chairman Arundhati Bhattacharya has joined the Reliance Industries board as an independent additional director, the Mukesh Ambani-led conglomerate said in a regulatory filing. She has been appointed for five years starting October 17, 2018, subject to shareholder approval, the statement further said.

Ahead of the festive season, State Bank of India has announced various cashback offers and attractive discounts for its customers. If you have downloaded SBI's YONO app, then you would have access to various lucrative deals that have been offered by the bank.

If you are an Internet banking user of State Bank of India (SBI), you have to register your mobile number with the bank by December 1, 2018. If you do not register it before the deadline, you will not be able to access your net banking account after December 1, i.e., it will be blocked.

The domestic cyber insurance market is slowly gaining traction, with India bracketed alongside the US and China as among the world’s most cyber attack-prone countries.

“Although the cyber insurance market is still miniscule, Indian corporates have started to show interest in such products and have realised the prospective threats emanating from cyber hacking,” SBI General Insurance managing director and CEO, Pushan Mahapatra, told Business Standard in Lucknow.

Shares of YES Bank, Dewan Housing Finance Corporation, Goa Carbon, Philips Carbon Black and Infibeam Avenues have rallied more than 40% from their respective 52-week lows.

YES Bank was up 5% to Rs 237 in intra-day trade, extending its past two days 9% gain on the BSE, after the board of private sector lender inducted TS Vijayan, former chairman of Insurance Regulatory and Development Authority of India (IRDAI) and Life Insurance Corporation of India (LIC), and OP Bhatt, former CMD of State Bank of India (SBI), as external experts in the committee.

State Bank of India, the country’s largest lender, on Tuesday said it had tripled its target for purchase of loan portfolio from non-banking financial companies (NBFCs) and was looking for opportunities both in priority and non-priority sectors.

According to the bank’s internal assessment, there may be an opportunity to buy additional portfolio in range of Rs 200 billion to Rs 300 billion, SBI said in a statement.

The State Bank of India (SBI) has lowered the ATM cash withdrawal limit to Rs 20,000 a day, from Rs 40,000. According to a report, the lower limit will be effective from October 31, in view of spurt in fraudulent transactions at ATMs and to encourage digital and cashless transactions. “In view of the increase in the number of complaints received by banks around fraudulent transactions at ATMs and to encourage digital and cashless transactions, it has been decided to decrease the cash withdrawal

India’s largest lender State Bank of India is currently reviewing its exposures to non-banking finance companies (NBFCs) and this review is expected to be completed within the next fortnight, a senior bank official said on Friday.

This review process assumes significance as IL&FS, a major infrastructure financing and construction company, has sent shock waves through the country’s NBFC sector when it defaulted on some of its debt obligations in recent weeks.

The Reserve Bank of India (RBI) is expected to hike its key lending rate by 25 basis points in October, an SBI Ecowrap report said on Thursday.

According to the report, the expected rate hike might not be the last one in the current financial year.

State Bank of India (SBI) on Wednesday decided to offload 4% of its stake in SBI General Insurance, its general insurance arm, for Rs 482 crore to an alternative investment fund promoted by Axis AMC and Premji Invest.

Post this transaction, SBI General Insurance will be valued at around Rs 12,000 crore.

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