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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: ..
Month: Current Affairs - April, 2017
Odisha becomes first state to adopt SHG based financial inclusion model
Odisha became the first state in the country to adopt Self Help Groups (SHG) based model for financial inclusion model to extend banking services in the unbanked areas through SGHs. In this regard, state government has inked agreement with the ..
Month: Current Affairs - March, 2017
Jammu and Kashmir has no sovereignty: SC
The Supreme Court in a landmark verdict held that Jammu and Kashmir is an integral part of India and did not enjoy sovereign status, either under its constitution or that of India. The apex court made this observation while hearing ..
Month: Current Affairs - December, 2016
SBI becomes first domestic bank to open branch in Yangon, Myanmar
India’s largest lender State Bank of India (SBI) has announced the opening up its foreign branch in Yangon, the capital city of Myanmar. With this, SBI became the first domestic bank of India to open a branch in Myanmar. The ..
Month: Current Affairs - October, 2016
JNPT signs ECB Agreement worth $400 Million with SBI and Development Bank of Singapore
India’s premier container port, Jawaharlal Nehru Port Trust (JNPT) in Navi Mumbai has signed 400 Million US Dollar agreement with State Bank of India (SBI) and Development Bank of Singapore (DBS) for External Commercial Borrowing (ECB). The agreement was signed ..