State Bank of Indore will get merged with its parent State Bank of India (SBI) soon. The SBI board, which met on Saturday, approved a swap ratio of 34 SBI shares for every 100 shares of State Bank of Indore. "In today's meeting, the board approved the swap ratio for merger of State Bank of Indore with SBI," said O.P. Bhatt, chairman of SBI, after announcing SBI's results on Saturday. This is the second...
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MUMBAI: State Bank of India has decided to extend the availability of ‘My Home Campaign’ till March 31, 2010. Three popular products are offered under this banner.For loans up to Rs. 5 lakh with a maximum tenor of ten years, SBI Hi-Five Home Loan carries a fixed rate of 8 per cent for five yearsFor loans above Rs. 5 lakh and up to Rs. 50 lakh, SBI Easy Home Loan carries a fixed interest rate of 8 per...
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SBI Card, the credit card service offering from the State Bank and GE Capital, today launched mShop to enable its customers shop from over 100 merchants across the country, using their mobile phones.MShop offers SBI Card customers the convenience of transacting anytime, anywhere, while ensuring complete security of their transactions, an SBI Card press release said. "We are delighted to launch mShop,...
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MUMBAI: The country's largest private sector life insurer, SBI Life Insurance, today said that it posted a net profit of Rs 116-crore during the first-half of the current fiscal. The company grew by 17 per cent in terms of total premium collection in the period under review at Rs 3,407-crore. "Our continued focus on holistic growth has resulted in good performance in the first-half of this year. Leveraging...
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SBI Card, the credit card serviceoffering from the State Bank and GE Capital, today launchedmShop to enable its customers shop from over 100 merchantsacross the country, using their mobile phones.mShop offers SBI Card customers the convenience oftransacting anytime, anywhere, while ensuring completesecurity of their transactions, an SBI Card press releasesaid."We are delighted to launch mShop, yet...
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The country’s largest lender, State Bank of India (SBI), today said it has no plans to revise its most popular home loan scheme which charges 8 per cent interest for the first year.The clarification comes amid media reports that SBI may withdraw the scheme from November 7.“News reports have been appearing in various newspapers across the country indicating that SBI plans to withdraw its special home...
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country's largest private sector life insurer, SBI Life Insurance, today said that it posted a net profit of Rs 116 crore during the first-half of the current fiscal. The company grew by 17 per cent in terms of total premium collection in the period under review at Rs 3,407 crore. "Our continued focus on holistic growth has resulted in good performance in the first-half of this year. Leveraging SBI's...
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FIR was lodged against the Manager of State Bank of India (SBI), Karhal branch, for depositing counterfeit currency in the Reserve Bank of India (RBI) here last evening.According to Police today, the manager of the SBI Karhal branch deposited some wads in the RBI in June in Kanpur.The RBI Manager complained about the fake currency to the Superintendent of Police, Mainpuri, in a letter, following which...
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Bihar Deputy Chief Minister Sushil Kumar Modi today condemned MNS chief Raj Thackeray for making ''threats'' against the State Bank Of India (SBI).Mr Modi said the SBI was a nationalised bank and the appointments were made in it through examinations.He said the demands made by Mr Thackerey to the SBI to give jobs to the Maharashtrians on priority basis was totally ''unjustified''.Such demands were...
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India's largest lender State Bank of India (SBI) has extended its special home loan scheme at 8 per cent interest rate by over four months to March 31, 2010, a move which would provide relief to small home loan borrowers.The bank, which offers the special scheme under 'My Home Campaign', offers 8 per cent fixed interest rate for 5 years for loans up to Rs 5 lakh, with a maximum tenure of 10 years.The...
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