SBI okays 4% stake-sale in general insurance subsidiary for Rs. 482 crore
State Bank of India recently approved the sale of 4 per cent stake in SBI General Insurance for Rs 482 Read more
State Bank of India
SBI General Insurance aims big in insurance
SBI General Insurance — a 74:26 joint venture of the State Bank of India and Sydney-based Insurance Australia Group — is planning to more than double its gross written premium in 2013-14.
Read moreCentral Bank, BoI cut base rates
Central Bank of India and Bank of India recently slashed their base rate by 25 basis points each. Read more
RBI should allow 2 per cent interest on current account deposits: SBI
Ahead of RBI’s monetary policy review, SBI today expressed hope the central bank will cut interest rates by 0.5 per cent and cash reserve ratio (CRR) by up to one per cent to boost sagging growth. Read more
State Bank of India to focus more on retail loans, primarily auto and housing loans
Due to subdued demand from large corporates in absence of investment activity and higher bad assets in mid corporates, State Bank of India has turned its focus on retail loans, primarily auto and housing loans to grow its asset book. Read more
SBI General Insurance premium soars to Rs 425.47 cr in Apr-Nov
SBI General Insurance has garnered premium of Rs 425.47 crore in the first eight months (April-November) of the ongoing financial year, a rise of 219 per cent over the same period in the previous fiscal. Read more
State Bank of India may test Rs 2475, says Manghnani
State Bank of India (SBI) may test Rs 2475 and JP Associates has trading target of Rs 115, says Anil Manghnani, Modern Shares & Stock Brokers. Read more
Reserve Bank of India to conduct Financial Outreach camp
The Reserve Bank of India will organise a Financial Outreach Camp later this month at Assam’s Darrang district as part of its initiative to bring the people of remote areas under the ambit of the banking structure. Read more
Bengal invites proposals for phase-II of financial hub
The West Bengal Housing Infrastructure Development Corporation Ltd (WBHIDCO) has invited expression of interests for  the second phase of the proposed financial hub at New Town, located in the eastern fringes of Kolkata. Read more
Insurance News : Former SBI chairman, OP Bhatt on panel to hunt for new IRDA chief
Former State Bank of India chairman OP Bhatt has been appointed on a panel that will assist in the search for the next chief of Insurance Regulatory and Development Authority, a move that signals Bhatt’s return to the establishment. Read more