Budget 2020

SBI hikes discounts on home loan interest rates, offers concession up to 0.3%

State Bank of India (SBI) has increased the concessions on its home loan interest rates as per a press release issued by the bank today, it is offering home loan interest rate starting at 6.80% for loan amount up to Rs 30 lakh and 6.95% for loan amount above Rs 30 lakh depending on CIBIL […]

News Headlines

Investors are flocking to PSU stocks again, but can they retain the momentum?

The total market capitalization of the PSUs where the government holds more than 51% was Rs 16.9 lakh crore as on December 29 compared with Rs 12.5 lakh crore at the end of June 2020. Synopsis Over the past decade, the BSE PSU index contracted by 38% whereas the benchmark Nifty 50 rose by 128%. […]

Budget 2020

Can SBI outperform HDFC Bank in the long run?

The next 10 years will bethe decade of the PSU banks. It is very easy to find a Baroda or a Canara or a PNB to give you a 50% or a 70% return from here, says Sanjay Dutt, Director, Quantum Securities. In your twitter handle a couple of days ago, you had made a […]

Budget 2020

Traders pile bullish bets on SBI, Rs 230 level eyed

Mumbai: State Bank of India could test the Rs 230 mark this month if it manages to break above the Rs 220 level, active options data show. The range is Rs 197-233, with a bias to the upside. The company beat all the estimates on its Q2 performance and analysts expect a re-rating of the […]

Budget 2020

SBI Cards shines finally, grows to half of SBI m-cap: Which one should you buy?

Money is chasing momentum on Dalal Street, and one of the big beneficiaries has been SBI Cards and Payments, the only listed credit card company, even as its parent firm State Bank of India (SBI) wallows in investors’ neglect. With a 32 per cent rally since it March 16 listing, shares of SBI Cards on […]

Budget 2020

Withdrawing more than Rs 10,000 from SBI ATM? Don’t forget to carry your mobile

The State Bank of India (SBI) announced via press release dated September 15, 2020 that it is extending its one-time password (OTP) based cash withdrawal facility for transactions above Rs 10,000 throughout the day across all its ATMs. This will be available from September 18, 2020, the bank stated in a press release. At present, […]