Recent events
Recent events tied to this brand in public sources.
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2020
SBI opens YONO branches in three cities
State Bank of India launched YONO branches in Navi Mumbai, Indore and Gurugram as part of a pilot, giving its YONO digital banking app a physical branch presence.
2020
IRB Infrastructure raises ₹6,600 crore project loan
IRB Infrastructure is raising a ₹6,600 crore loan from the State Bank of India and Union Bank of India to pay a Maharashtra agency for toll collection rights on the Mumbai–Pune expressway project.
2020
SBI re-launches Insta Saving Bank Account
State Bank of India re-launched SBI Insta Saving Bank Account, an Aadhaar-based digital savings account that customers can open online through YONO.
2020
SBI cuts benchmark lending rate by 15 basis points
State Bank of India cut its benchmark lending rate by 15 basis points. The report says its marginal cost of funds based lending rate would fall from 7.40% to 7.25% effective May 10.
2020
SBI introduces Wecare Deposit for senior citizens
State Bank of India introduced SBI Wecare Deposit, a retail term deposit product for senior citizens offering an additional 30-basis-point premium for deposits with a tenor of five years or more. The scheme was to remain in effect until September 30.
2020
SBI announces acquisition of a stake in Zero Mass
State Bank of India said it had acquired a 6.825 per cent stake in Zero Mass through a share transfer purchase agreement. The deal was to be completed by March 31, 2020.
2020
SBI gives Chalasani Venkat Nageswar additional CFO charge
State Bank of India gave Deputy Managing Director Chalasani Venkat Nageswar additional charge as Deputy Managing Director and CFO, effective immediately and until further orders.
2020
RBI announces Yes Bank reconstruction scheme
The Reserve Bank of India announced a reconstruction scheme for Yes Bank, which was under restrictions. It said State Bank of India had expressed interest in investing in Yes Bank and participating in the scheme, with a proposed holding of 49% after the infusion.
2020
SBI and realme partner on distributor and dealer financing
State Bank of India announced a partnership with realme to meet inventory-finance needs of realme distributors and dealers through SBI's electronic lending product, e-DFS.
2020
SBI announces residential builder finance scheme with a guarantee
State Bank of India announced a residential builder finance scheme with its guarantee. The scheme promises to return homebuyers’ principal if a project is not completed and will initially focus on affordable housing in 10 cities.
2020
SBI ties up with Sunteck Realty for three Mumbai projects
SBI tied up with Sunteck Realty for three projects in Mumbai.
2020
SBI and Metro Cash & Carry launch Bengaluru promotional campaign
SBI and Metro Cash & Carry India launched a joint promotional campaign at Metro Cash & Carry's Bengaluru Centre, offering banking and related services to Metro customers.
2019
Suzlon Energy appoints Rakesh Sharma as nominee director
Suzlon Energy appointed State Bank of India nominee Rakesh Sharma as a nominee director, effective December 19, 2019. The company's board approved the appointment.
2019
Patanjali secures financing for planned Ruchi Soya acquisition
Patanjali Ayurved said it had tied up loans worth Rs 3,200 crore from a consortium of lenders to fund its planned acquisition of Ruchi Soya through the insolvency process.
2019
Banks agree to fund Patanjali’s acquisition of Ruchi Soya
A consortium of lenders led by State Bank of India decided to fund Patanjali’s acquisition of Ruchi Soya. Patanjali’s managing director said ₹3,200 crore of the approved resolution plan would be funded through debt from a consortium of banks.
2019
U GRO Capital and SBI sign loan co-origination partnership
U GRO Capital signed a loan co-origination partnership with State Bank of India to offer credit; the collaboration will use U GRO Capital’s GRO-Xstream technology platform.
2019
SBI launches debit card EMI facility
State Bank of India launched a debit card EMI facility allowing eligible consumers to choose monthly instalment tenures of 6 to 18 months.
2019
SBI launches YONO in the UK
State Bank of India launched its YONO digital banking app in the UK. The app lets customers with accounts at SBI UK and SBI in India access both accounts through one app.