SBI to divest up to 5% in SBI Life

    SBI Life is a joint venture between State Bank of India and BNP Paribas Cardiff. SBI owns 74% in the life insurer. Mumbai: State Bank of India Ltd (SBI) will divest up to 5% of its stake in its life insurance subsidiary SBI Life Insurance Co. Ltd, the lender said in a filing to stock […]

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    SBI desires to proportion 3% of earnings With employees

    New Delhi: India’s largest bank country bank of India (SBI) on Friday stated it plans to provide up to a fewper cent of annual earnings to personnel as element a talent retention and motivation initiative. The bank has sought permission from the Finance Ministry on this regard, said Chairperson Arundhati Bhattacharya. “in case you take […]

    SBI launches specialized branch for start-ups

    Chairperson of SBI Arundhati Bhattacharya and managing director Rajnish Kumar, National Banking Group (NBG) launch SBI Exclusif and SBI InCube. Photo: AP Bengaluru: State Bank of India (SBI), India’s largest lender, on Thursday opened a specialized branch—SBI InCube—that will cater to the specific financial needs of start-ups. The branch will assist start-ups in cash management, […]