State Bank of India (SBI) has informed BSE that Dr. Ashok Jhunjhunwala, Shri. Suman Kumar Bery, Shri. Dileep C Choksi and Shri. S Venkatachalam have been duly elected as Directors under Section 19 (c) of the State Bank of India act, 1955, on the Bank’s Central Board at the General Meeting of the shareholders of […]

State Bank of India (SBI) has informed BSE that the Bank has signed, on June 05, 2008, a Joint Venture Agreement with Societe Generale Securities Services (SGSS), a division of Societe Generale Group, to form a Joint Venture Company which will offer Custody and related services in India. The formation of the Company will be […]

State Bank of India (SBI) has informed BSE that the Executive Committee of Central Board of the Bank at its meeting held on May 22, 2008, has decided as under:
1. To issue and allot 34,09,846 equity shares of the Bank of Face Value Rs 10/- each under SBI ESPS-2008 to the Eligible Employees of the […]

State Bank of India (SBI) has informed BSE that the 53rd Annual General Meeting (AGM) of the Shareholders of the Bank will be held on June 11, 2008, inter alia, for transacting the following business:
“To receive the Central Board’s Report, the Balance Sheet and Profit and Loss Account of the Bank made up to the […]

State Bank of India (SBI) has informed BSE that the audited working results of the Bank for the year ended March 31, 2008 will be published within a period of 3 months of the close of the accounting year. As such, the unaudited results for the quarter-ended March 31, 2008 will not be published.

With reference to the earlier announcement dated January 24, 2008, State Bank of India (SBI) has informed BSE that the Bank on March 25, 2008 executed a Share Purchase Agreement with Exim Bank, IFC Washington and Fim Bank Malta to acquire their share holding in Global Trade Finance Ltd (GTFL). As a result, SBI will […]

State Bank of India (SBI) has informed BSE that the Central Government, in consultation with the Reserve Bank of India and in pursuance of clause (d) of Section 19 of the State Bank of India Act, 1955 (23 of 1955), has nominated Dr. (Mrs.) Vasantha Bharucha as a part-time non-official Director on the Central Board […]

State Bank of India (SBI) has informed BSE that the Bank has decided to revise Benchmark Prime Lending Rate (SBAR) with effect from February 16, 2008, as follows:
- Revision in Benchmark Prime Lending Rate (SBAR):
The Bank has revised downwards the Benchmark Prime Lending Rate (referred as SBAR) as under:
* Benchmark Prime Lending Rate (referred to […]

State Bank of India (SBI) has informed BSE that the Reserve Bank of India, vide its notification dated. January 31, 2008 have appointed following 14 Audit Firms as Statutory Central Auditors for the Bank in terms of section 41(1) of the State Bank of India Act, 1955 until the next Annual General Meeting of the […]