SBI loan News

The State Bank of India provides loans to SHGs for meeting entire credit requirements of the groups like income generation activities, social needs like housing, education, marriage, and debt swapping.

SBI Agri Gold Loan provides credit need to those who are associated in farming or allied activities. The scheme charges one year MCLR rate + 1.25% for an interest rate. Borrowers need to visit the nearest branch to get more information regarding it.

The SBI loan covers courses such as regular graduate degree courses, post-graduate degree courses, diploma courses and also certificate/doctorate courses. This includes universities or colleges in the US, UK, Australia, Canada, Europe, Japan, Singapore, Hong Kong and New Zealand. The education loan amount starts at Rs 7.50 lakh and can go up to 1.50 crore.

SBI has informed this is a loan scam. Loans to customers in name of SBI Loan Finance Ltd. Fake loan offers.

Yes Bank Global Head (Retail Banking) Rajan Pental, "With deferred purchases during the lockdown, there is a lot of demand" "Our offerings and products this festive season are perfectly positioned to enable customers fulfil their dreams and aspirations" Yes Bank Head (Credit Cards) Rajanish Prabhu said the bank this year has tied up with several renowned brands and curated a host of offers

Rajnish Kumar said that the corporate sector should not expect much from the government but have to be self-reliant or "atmanirbhar", given the fiscal position of the government. 

There is no principal repayment liability for initial three years.

The loan processing fee under the scheme is Rs 2,000.

In yet another jolt to beleaguered liquor baron Vijay Mallya, the Karnataka High Court on Friday ordered winding up of his now-defunct Kingfisher Airlines Limited for non-payment of dues to a UK-based firm.

As a controversy arose over SBI reportedly writing off loans worth Rs 7,000 crore including that of Vijaya Mallya promoted Kingfisher Airlines, government and the bank today maintained that there was no loan waiver and the liability on the borrowers still remains.

In the latest, CBI has filed FIR against Vijay Mallya in SBI loan default case.

The Debt Recovery Tribunal (DRT) here on Friday questioned Diageo Plc about the delay in furnishing details of the USD 75 million severance package agreed upon between beleaguered tycoon Vijay Mallya and the company.

The Debt Recovery Tribunal (DRT) here on Friday questioned Diageo Plc about the delay in furnishing details of the USD 75 million severance package agreed upon between beleaguered tycoon Vijay Mallya and the company.

The new interest rates vary from 8.95 percent for overnight to 9.35 percent for 3 years, SBI said in a document posted on its website Thursday.

Attorney General informed the apex court that Mallya left India on March 2.

The Supreme Court on Wednesday gave notice to liquor baron Vijay Mallya on SBI and other public sector banks' plea seeking restraining him from leaving India.

To effectively deal with the problem of bad loans, SBI is in the process of introducing a system of early warning signals to detect NPAs and take corrective action.

State Bank of India, India's largest lender, expects loan growth to rise to as much as 15 percent in the fiscal year to March 2016, boosted by government auctions for coal concessions and mobile radio airwaves, Chairman Arundhati Bhattacharya said on Tuesday.

State Bank of India is in the process of completing the due diligence for the controversial USD 1 billion (Rs 6,200 crore) loan to Adani Group for its Australian mining project and take a final call on it soon.

State Bank of India has signed a loan agreement for 100 million euro (about Rs 700 crore) with European Investment Bank for lending to private businesses in the country.