MUMBAI: HDFC Bank, the country's second-largest private sector lender, has cut its base rate by 5 bps to 9.3% bringing its rate at par with State Bank of India. The latest rate cut is effective from January 4, 2016.

HDFC Bank has reduced its base rate by 70 basis points since April. The bank had slashed its base rate by a steep 35 bps in September. It had also cut this rate by 15 basis points twice, in April and June.

Vadodara: The All India Bank Employees’ Association (AIBEA) has called for a one-day nation-wide strike on 8 January in protest against violation of employees service agreements by the five associate banks of the State Bank of India (SBI).

SBI has five associate banks—State Bank of Travancore, State Bank of Mysore, State Bank of Patiala, State Bank of Hyderabad, and State Bank of Bikaner and Jaipur.

State Bank of India (SBI), the country's largest lender, on Monday said its board of directors had authorised the bank to raise up to Rs 12,000 crore of tier-II capital through Basel-III compliant bonds by way of private placement.

Announcing the committee of directors' decision through a notice on the exchanges, the bank did not mention anything about the timing for the issuances, but said it would do so at an appropriate time while the coupon would be decided at the time of actual issuance.

To stay ahead in the digital banking space, State Bank of India (SBI) is buttressing its human resources (HR) systems and practices. The bank, India’s largest lender, will take steps such as audit of its HR systems and practices. For this, it will rope in a consultant.

SBI will also conduct, for the first time, an employee engagement survey to get feedback on the effectiveness of HR practices and policies that are in vogue. Ashwini Mehra, deputy managing director and corporate development officer at SBI, said audits would be conducted every five or six years. The last such exercise was done in 2009 by HR consulting firm Hewitt.

Benchmark indices are trading in tight range with a negative bias ahead of the October industrial production data, which is scheduled to be released later today. The downside is on the back of selling pressure witnessed in capital goods, realty and banking shares.

At 11:30am, the S&P BSE Sensex was down 100 points at 25,145 and the Nifty50 was down 34 points at 7,649.

The largest lender of the country, SBI's $1-1.5 billion overseas bond issuance has been delayed following volatility in global financial markets, the Lok Sabha was informed today.

State Bank of India (SBI) has been raising resources from capital markets by way of bond issuances from time to time to take care of its asset growth and ensure repayment of maturing liabilities.

Calcutta, Nov. 29: The State Bank of Hyderabad expects to maintain its profitability in the second half of the fiscal with bad loans remaining under control.

The bank's September-quarter net profit grew 21 per cent to Rs 375.31 crore over the year-ago period. Gross non-performing assets (NPAs) stood at 4.92 per cent, lower than the year-ago period.

Yes Bank Ltd has sold 3.02% of pledged shares of Vijay Mallya in United Breweries Ltd that is valued at Rs 770 crore as banks tighten their hold on the liquor baron for not clearing loans raised to run the defunct Kingfisher Airlines.

The move by Yes Bank comes soon after State Bank of India, India's largest bank declared Mallya as wilful defaulter after negotiations to get him clear Rs 8700 crore of debts to a consortium of 17 banks led by SBI.

Mumbai: The country’s largest lender State Bank of India (SBI) on Tuesday cut its base rate by 40 basis points (bps) to 9.3%, soon after the Reserve Bank of India (RBI) reduced its policy repurchase rate by 50 bps.

One basis point is one-hundredth of a percentage point.

The bank will also be reducing its deposit rates by 25 bps across maturity baskets. Both rate cuts will be effective 5 October, SBI chairperson Arundhati Bhattacharya said.

Country's largest lender State Bank of India (SBI) is finalising plans to set up a subsidiary for managing its large portfolio of real estate properties and those taken on lease or rent.

"SBI is planning to set up a subsidiary for management of properties owned by it and also for those taken on lease or rent," a senior official of the bank said.

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