Recent Event Highlights: Glitch in OnlineSBI (State Bank of India's online banking system), SBI net profit to cross Rs 10k cr in current fiscal, SBI net profit to cross Rs 10,000-cr mark in current fiscal, Bank rally can lead mkts higher: Atul Suri 2, New banking licence regime: Experts decipher fineprint, Raat Aur Din (1967) Happy State Bank Foundation Day 1-7-2010-Dil Ki Girah Khol Doh,Chup Na Baetho., and 79 more...
Created by dipity on Mar 4, 2009
Last updated: 01/07/11 at 06:19 AM
A glitch in OnlineSBI, State Bank of India's online banking system that doesn't disable 'high security transaction' settings(an SMS containing a transaction code is sent to your cellphone, which has to be entered to complete a transaction) when you disable it from the website. Since SMSes are banned in J&K, this is a big conundrum. Obviously, there's a simple workaround. WORKAROUND - If you have a relative outside J&K, tell them that they'll get an SMS containing a 4 digit number which they should tell you. Now change the mobile number in your OnlineSBI's profile to your relative's. SBI is an obdurate, it has messed up a lot. Many of it's 'Yuva card' users face a lot of problems, which the banking giant doesn't resolve even after 6 months of consistent complaining. Now the slapdash system of it's website corroborates to the fact that things need to be changed....
Excerpt
...DELHI: Enthused by impressive first quarter numbers, State Bank of India (SBI) is hopeful of earning a net profit of over Rs 10,000 crore this fiscal, which will be a landmark in the Indian banking industry. The bank had recorded a meagre 0.4 per cent rise...
Source Info
Times of India
http://timesofindia.indiatimes.com/business/india-business/SBI-net-profit-to-cross-Rs-10000-cr-mark-in-current-fiscal/articleshow/6393036.cms
Excerpt
... Enthused by impressive first quarter numbers, State Bank of India (SBI) is hopeful of earning a net profit of over Rs 10,000 crore this fiscal, which will be a landmark in the Indian banking industry. The bank had recorded a meagre...
Source Info
Business Standard
http://feedproxy.google.com/~r/Business-Standard-News-Now/~3/iUbZRNCfv8Y/storypage_c.php
The banking sector has been outperforming since past few days on the back of stellar first quarter results from SBI. Bank Nifty too has been trading at a life-time high on sharp upswing seen in public sector banks. The rally seen in the sector, according to trader Atul Suri can lead the markets to higher levels.
The banking sector has been outperforming since past few days on the back of stellar first quarter results from SBI. Bank Nifty too has been trading at a life-time high on sharp upswing seen in public sector banks. The rally seen in the sector, according to trader Atul Suri can lead the markets to higher levels.
The banking sector has been outperforming since past few days on the back of stellar first quarter results from SBI. Bank Nifty too has been trading at a life-time high on sharp upswing seen in public sector banks. The rally seen in the sector, according to trader Atul Suri can lead the markets to higher levels.
The discussion paper was released by the Reserve Bank on Wednesday on who should be allowed to start banks in India. The big talking point in the paper is should corporate houses be allowed.
Chairman, Dated 1st of July 2010 State Bank of India, Customer Service Department, State Bank Bhavan, 4th Floor, Nariman Point, Mumbai - 400 021 World Class Services from a Bank you can Trust "Indians everywhere should become enlightened International citizens. Wherever you are, whichever country you live, enrich that nation, not only in financial terms, but also with your sweat knowledge and dignity since that is the tradition of the country from where you came. At the same time, remember we have a common umbilical connectivity to our motherland, India." APJ Abdul Kalam Hon'ble President of India at the 3rd Pravasi Bharatiya Divas held from 7 - 9 Jan 2005 at Mumbai. HAPPY NATIONALIZATION DAY -1ST OF JULY.2010. SUBJECT :-SOCIAL EMOTIONAL SPIRITUAL CO-ORDINATOR AT HEAD OFFICE , ZONAL OFFICE [Parliament Street,Connaught Place,Delhi -110001.] Respected Sir, Please see that I am a postgraduate, gold medalist, in pure psychology and working on Police reforms and Forensic psychology (an intervention procedure in the Indian Judiciary by the Indian Evidence Act of 1872 ,Clause 45,"Opinion of Experts" ,wherein any expert in their relevant field of expertise --Banking,Insurance ect.can offer their years of grey relevant experience as an intervention affidavit/expert witness to the Indian Judiciary.)since 1986. As my family is also of State Bank of India , I was subjected to many postings which although enriched me in my quest also hindered the ultimate culmination of the project ...
Chairman, Dated 1st of July 2010 State Bank of India, Customer Service Department, State Bank Bhavan, 4th Floor, Nariman Point, Mumbai - 400 021 World Class Services from a Bank you can Trust "Indians everywhere should become enlightened International citizens. Wherever you are, whichever country you live, enrich that nation, not only in financial terms, but also with your sweat knowledge and dignity since that is the tradition of the country from where you came. At the same time, remember we have a common umbilical connectivity to our motherland, India." APJ Abdul Kalam Hon'ble President of India at the 3rd Pravasi Bharatiya Divas held from 7 - 9 Jan 2005 at Mumbai. HAPPY NATIONALIZATION DAY -1ST OF JULY.2010. SUBJECT :-SOCIAL EMOTIONAL SPIRITUAL CO-ORDINATOR AT HEAD OFFICE , ZONAL OFFICE [Parliament Street,Connaught Place,Delhi -110001.] Respected Sir, Please see that I am a postgraduate, gold medalist, in pure psychology and working on Police reforms and Forensic psychology (an intervention procedure in the Indian Judiciary by the Indian Evidence Act of 1872 ,Clause 45,"Opinion of Experts" ,wherein any expert in their relevant field of expertise --Banking,Insurance ect.can offer their years of grey relevant experience as an intervention affidavit/expert witness to the Indian Judiciary.)since 1986. As my family is also of State Bank of India , I was subjected to many postings which although enriched me in my quest also hindered the ultimate culmination of the project ...
cnbctv18 — January 16, 2010 — PSU banks are facing huge capital constraints. Will the government bail them out? Will the burden of infrastructure loans trigger the next banking crisis. Views from SBI's OP Bhatt and IBA chairman MV Nair www.youtube.com www.americanbanker.com American Banker is the leading information resource serving the banking and financial services community. The daily print edition of American Banker was first published in 1835. Its online counterpart has been live since 1996. Together, these resources set the agenda for a fast-changing industry, keeping a close eye on large and small institutions, tracking traditional and insurgent forces, parsing the business models of diversified and specialist players. American Banker.com, relaunched on October 1, 2007, is a complete information platform for banking professionals and the primary online destination for SourceMedia's Banking Group. The site is organized into vertical market segments and also contains the home pages of our sister publications US Banker and Bank Technology News. At the heart of AmericanBanker.com is our exclusive, market-leading coverage, including feature and analytical articles, data applications, and special reports. This first-rate journalism, created by an award-winning editorial staff located in eight cities nationwide, is supplemented by a top-tier roster of information partners, such as Dow Jones Newswires, Bloomberg, PR Newswire, Accuity, Informa Research, SNL Financial, and ...
cnbctv18 — January 16, 2010 — PSU banks are facing huge capital constraints. Will the government bail them out? Will the burden of infrastructure loans trigger the next banking crisis. Views from SBI's OP Bhatt and IBA chairman MV Nair www.youtube.com www.americanbanker.com American Banker is the leading information resource serving the banking and financial services community. The daily print edition of American Banker was first published in 1835. Its online counterpart has been live since 1996. Together, these resources set the agenda for a fast-changing industry, keeping a close eye on large and small institutions, tracking traditional and insurgent forces, parsing the business models of diversified and specialist players. American Banker.com, relaunched on October 1, 2007, is a complete information platform for banking professionals and the primary online destination for SourceMedia's Banking Group. The site is organized into vertical market segments and also contains the home pages of our sister publications US Banker and Bank Technology News. At the heart of AmericanBanker.com is our exclusive, market-leading coverage, including feature and analytical articles, data applications, and special reports. This first-rate journalism, created by an award-winning editorial staff located in eight cities nationwide, is supplemented by a top-tier roster of information partners, such as Dow Jones Newswires, Bloomberg, PR Newswire, Accuity, Informa Research, SNL Financial, and ...
this latest commercial from SBI stable talks a lot abt what it takes to cater to one and all
In an exclusive interview with CNBC-TV18, Vaibhav Agrawal of Angel Broking and Kajal Jain of ICICI Direct, review the fourth quarter results of banks and give their outlook going forward.
This is a quintessential portray of what STATE BANK OF INDIA is all about. Catering to the entire diversity of the country and even around the globe in other 32+ countries, it stands upright in it's effort to provide safety and security to everyone under the sun. STATE BANK OF INDIA, SBI is now on twitter www.twitter.com/SBIconnex Visit our blog www.SBIconnex.blogspot.com for all the banking and non banking snippets
We at STATE BANK OF INDIA are glad to provide internet banking services that gives you complete control over all your banking demands online. Subscribe to our channel to see what we are doing to make your living better. Follow us on twitter www.twitter.com/SBIconnex. raise your questions/ queries on our blog www.SBIconnex.blogspot.com
Pisupati Subramanyam, Ventura Securities, says that State Bank of India will outperform markets.
Sajiv Dhawan of JV Capital Services is bullish on banking space.
whatever you wanted to know about your favourite bank is here ..follow us on www.twitter.com/SBIconnex reach out to our blog WWW.SBIconnex.blogspot.com for any queries, concerns. You can subscribe to our channel to view our latest videos from time to time.
Introduction to Bank Probationary Exam for PSU Banks
Query corner: BankingEconomic TimesI maintain a savings bank account with the State Bank of India (SBI) at its Bokaro branch. At the moment, the amount lying in the account is Rs 10000. ...
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Feconomictimes.indiatimes.com%2Fpersonal-finance%2Fsavings-centre%2Fanalysis%2FQuery-corner-Banking%2Farticleshow%2F5558495.cms&usg=AFQjCNGLTTXgGvm1bhilgxBvoQg8k_vCYw
Kingfisher plans 1:1 rights issue to mop up Rs 400 crEconomic TimesThe troubled carrier has appointed SBI Capital as the arranger for the issue, said persons privy to the development. The persons said with a current market ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Feconomictimes.indiatimes.com%2Fnews%2Fnews-by-industry%2Ftransportation%2Fairlines-%2F-aviation%2FKingfisher-plans-11-rights-issue-to-mop-up-Rs-400-cr%2Farticleshow%2F5558235.cms&usg=AFQjCNG4YO9FvJPUPYOgQyWpIaTungq9jQ
OneindiaTeaser home loan rates are in news. The Reserve Bank of India (RBI) hasmydigitalfc.comThe Housing Development Finance Corporation, which initially dubbed the SBI move as a mere “gimmick”, also went in for the same strategy. ...RBI snoops in on teaser loansHindustan TimesLower rates for old borrowers too: RBIBusiness StandardRBI frowns on loan disparityCalcutta Telegraphall 51 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.mydigitalfc.com%2Fleisure-writing%2Floan-teaser-573&usg=AFQjCNHMWiMH143aIi--vZXEG3darF0f1A
Indian ExpressIndian shares snap 3-day rise, drop 0.8 pctReuters... with the banking sector index .BSEBANK shedding 0.8 percent after gaining 1.7 percent over the last three sessions. State Bank of India (SBI. ...Sensex, Nifty fall after 3-day riseBusiness StandardMkts likely to trade choppy till Budget: ExpertsMoneycontrol.comMarket snaps three-day winning streak as FIIs continue sellingBloombergUTVall 38 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.reuters.com%2Farticle%2FidUSSGE6190FI20100210&usg=AFQjCNHAaRiJ5-gUCg6Ijmf0UuzE8qMfYQ
RediffMarkets pare gainsBusiness StandardBanking stocks such as SBI, ICICI Bank and HDFC Bank have lost upto 1% each. And index heavyweight, Reliance is trading sluggish at Rs 989, down 0.4%. ...Indian Market Ends FirmRTT NewsSensex falls below 16000 in volatile tradeBloombergUTVSensex ends 120 pts down shrugs off positive global cuesMoneycontrol.comMyiris.com -India Infoline.com -Business Standardall 452 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.business-standard.com%2Findia%2Fnews%2Fmarkets-pare-gains%2F85407%2Fon&usg=AFQjCNEP9UsPLdsirJFBNTyvtQeS0A1nkg
RediffMobile banking connects with the needyCalcutta TelegraphExperts say banks need to leverage modern technologies such as the Internet, mobiles, smart cards and biometric authentication to provide banking and ...SBI gets tech savvy Sunil Mittal bets on mobile bankingMoneycontrol.comSBI hints at interest rate hike in AprilHindu Business LinePublic sector banks plan big push for retail loansLivemintThe Hindu -Economic Times -Financial Expressall 52 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.telegraphindia.com%2F1100210%2Fjsp%2Fbusiness%2Fstory_12088458.jsp&usg=AFQjCNFHJvpq5jKxPq6J-bdi9WMqldqY5w
Banking stocks have lost some of its strength: Anil ManghnaniEconomic TimesET Now caught up with Anil Manghnani, Director, Modern Shares and Stockbrokers Limited to get his views on SBI, HDFC and other stocks. He flagged off SBI as ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Feconomictimes.indiatimes.com%2Fmarkets%2Fstocks%2Fviews%2Frecommendations%2FBanking-stocks-have-lost-some-of-its-strength-Anil-Manghnani%2Farticleshow%2F5547980.cms&usg=AFQjCNG720usC3hvGC7BKIMf3qd2PBFNDQ
Indian Insurers May Pump Record $21 Billion in Nation's StocksBusinessWeek“There is concern that there may be an oversupply of paper in the market,” said Abhijit Gulanikar, chief investment officer at Mumbai-based SBI Life, ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.businessweek.com%2Fnews%2F2010-02-07%2Findian-insurers-may-pump-record-21-billion-in-nation-s-stocks.html&usg=AFQjCNG9a2uhpiC61A26depKdBJXNm6dgA
Indian ExpressFM asks banks to use tech for financial inclusionIndian ExpressThe event was held by the SBI to celebrate the successful completion of 'SBI First', which is the world's largest core banking technology implementation.Financial inclusion must for sustainable growth: MukherjeeEconomic TimesPranab urges banks to speed up financial inclusionEconomic Timesall 32 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.indianexpress.com%2Fnews%2FFM-asks-banks-to-use-tech-for-financial-inclusion%2F576860&usg=AFQjCNHFAudVNMU-2i2eKChTB24C3EmlxQ
The HinduSBI net flat in third quarterHindu Business LineLoss on account of treasury operations and surplus liquidity led State Bank of India to report a flat net profit of Rs 2479 crore in the third quarter ended ...Liquidity overhang hits SBI margin, net flat at Rs 2479crEconomic TimesAndhra Bank Q3 net up 29%Business StandardIndian Bank increases authorised capital to Rs 3000 croresEquity BullsExpress Buzz -Moneycontrol.comall 207 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.thehindubusinessline.com%2F2010%2F01%2F26%2Fstories%2F2010012652990100.htm&usg=AFQjCNH9jE3p2OTgijdvjYki_vL3Gtv1-A
Om Prakash Bhatt | The chairman in a hurry www.livemint.com MOUNTING NPAS NECESSITATES A SEPARATE FINANCIAL COURT AND THE COUNTRY'S LARGEST BANK SHOULD NOT NEED MERGERS TO COVER UP ITS DEBTS AND LOSSES , ESPECIALLY IF IT IS LISTED ON THE LONDON STOCK EXCHANGE! WHAT IS THE NEED FOR A MERGER WHEN ALL THE BANKS ARE HEALTHY AND CATERING TO THEIR OWN PARTICULAR ZONES AND CLIENTELE. ALCO IS THERE IF EATING UP INDIAN ECONOMY IS THE BASIS OF A MERGER! Bhatt also wants to merge the associate banks with SBI to build scale. He initiated this exercise last year with a proposal to merge State Bank of Saurashtra, the smallest of the associate banks. The proposal is awaiting government approval. It is taking a little time but the merger is inevitable. Currently, there is a positive environment created for consolidation within the SBI family. We will not push for it but (will) pursue individual cases. It will be easier to merge the unlisted banks first, he says. In the mid-1990s, consultancy firm McKinsey and Co. had suggested the merger of seven associate banks with SBI or among themselves. But, none of Bhatts predecessors made any move in the face of stiff resistance from trade unions. He seems to excel at getting the best out of his colleagues. So, before we get up, I ask him a very uncomfortable question: Why is he taking away powers from his managing directors (MDs)? Earlier, the banks two MDs were looking after national banking and corporate banking. Now, these portfolios have been ...
Om Prakash Bhatt | The chairman in a hurry www.livemint.com MOUNTING NPAS NECESSITATES A SEPARATE FINANCIAL COURT AND THE COUNTRY'S LARGEST BANK SHOULD NOT NEED MERGERS TO COVER UP ITS DEBTS AND LOSSES , ESPECIALLY IF IT IS LISTED ON THE LONDON STOCK EXCHANGE! WHAT IS THE NEED FOR A MERGER WHEN ALL THE BANKS ARE HEALTHY AND CATERING TO THEIR OWN PARTICULAR ZONES AND CLIENTELE. ALCO IS THERE IF EATING UP INDIAN ECONOMY IS THE BASIS OF A MERGER! Bhatt also wants to merge the associate banks with SBI to build scale. He initiated this exercise last year with a proposal to merge State Bank of Saurashtra, the smallest of the associate banks. The proposal is awaiting government approval. It is taking a little time but the merger is inevitable. Currently, there is a positive environment created for consolidation within the SBI family. We will not push for it but (will) pursue individual cases. It will be easier to merge the unlisted banks first, he says. In the mid-1990s, consultancy firm McKinsey and Co. had suggested the merger of seven associate banks with SBI or among themselves. But, none of Bhatts predecessors made any move in the face of stiff resistance from trade unions. He seems to excel at getting the best out of his colleagues. So, before we get up, I ask him a very uncomfortable question: Why is he taking away powers from his managing directors (MDs)? Earlier, the banks two MDs were looking after national banking and corporate banking. Now, these portfolios have been ...
Om Prakash Bhatt | The chairman in a hurry www.livemint.com MOUNTING NPAS NECESSITATES A SEPARATE FINANCIAL COURT AND THE COUNTRY'S LARGEST BANK SHOULD NOT NEED MERGERS TO COVER UP ITS DEBTS AND LOSSES , ESPECIALLY IF IT IS LISTED ON THE LONDON STOCK EXCHANGE! WHAT IS THE NEED FOR A MERGER WHEN ALL THE BANKS ARE HEALTHY AND CATERING TO THEIR OWN PARTICULAR ZONES AND CLIENTELE. ALCO IS THERE IF EATING UP INDIAN ECONOMY IS THE BASIS OF A MERGER! Bhatt also wants to merge the associate banks with SBI to build scale. He initiated this exercise last year with a proposal to merge State Bank of Saurashtra, the smallest of the associate banks. The proposal is awaiting government approval. It is taking a little time but the merger is inevitable. Currently, there is a positive environment created for consolidation within the SBI family. We will not push for it but (will) pursue individual cases. It will be easier to merge the unlisted banks first, he says. In the mid-1990s, consultancy firm McKinsey and Co. had suggested the merger of seven associate banks with SBI or among themselves. But, none of Bhatts predecessors made any move in the face of stiff resistance from trade unions. He seems to excel at getting the best out of his colleagues. So, before we get up, I ask him a very uncomfortable question: Why is he taking away powers from his managing directors (MDs)? Earlier, the banks two MDs were looking after national banking and corporate banking. Now, these portfolios have been ...
Om Prakash Bhatt | The chairman in a hurry www.livemint.com MOUNTING NPAS NECESSITATES A SEPARATE FINANCIAL COURT AND THE COUNTRY'S LARGEST BANK SHOULD NOT NEED MERGERS TO COVER UP ITS DEBTS AND LOSSES , ESPECIALLY IF IT IS LISTED ON THE LONDON STOCK EXCHANGE! WHAT IS THE NEED FOR A MERGER WHEN ALL THE BANKS ARE HEALTHY AND CATERING TO THEIR OWN PARTICULAR ZONES AND CLIENTELE. ALCO IS THERE IF EATING UP INDIAN ECONOMY IS THE BASIS OF A MERGER! Bhatt also wants to merge the associate banks with SBI to build scale. He initiated this exercise last year with a proposal to merge State Bank of Saurashtra, the smallest of the associate banks. The proposal is awaiting government approval. It is taking a little time but the merger is inevitable. Currently, there is a positive environment created for consolidation within the SBI family. We will not push for it but (will) pursue individual cases. It will be easier to merge the unlisted banks first, he says. In the mid-1990s, consultancy firm McKinsey and Co. had suggested the merger of seven associate banks with SBI or among themselves. But, none of Bhatts predecessors made any move in the face of stiff resistance from trade unions. He seems to excel at getting the best out of his colleagues. So, before we get up, I ask him a very uncomfortable question: Why is he taking away powers from his managing directors (MDs)? Earlier, the banks two MDs were looking after national banking and corporate banking. Now, these portfolios have been ...
PSU banks are facing huge capital constraints. Will the government bail them out? Will the burden of infrastructure loans trigger the next banking crisis. Views from SBI's OP Bhatt and IBA chairman MV Nair
Voice of the CSP at the Eko Counter
Eko demo video - simplibank
Kotak Securities is bullish on State Bank of India, Axis Bank, Bank of Baroda, and Union Bank from the banking space. The brokerage expects 14% year-on-year loan growth in FY10. It sees deposit growth at 18%.
Video of Shelby County State Bank employees featuring online banking services.
Sonam Udasi, VP Research at Brics Securities is positive on banking space.
About 4 lakh public sector bank employees will go on a nation-wide strike on Wednesday to protest the proposed merger of the State Bank of Indore with the parent SBI. www.istream.in
Rohit Srivastava, Fund Manger Protech, Managed Futures Accounts of Sharekhan Ltd is of the view that frontline banking stocks may see further downside.
Excerpt
...scanner and receipt printer. This device would have data connectivity with the nearest SBI branches through mobile based net connectivity. In the first phase this banking outpost project would be taken up in 10 districts of Orissa, which have high number...
Source Info
The Hindu
http://www.thehindu.com/2009/11/11/stories/2009111151820300.htm
The banking sector looks quite strong. SBI could head back up to Rs 2400-2450, says Technical Analyst, Ashwani Gujral.
The banking sector looks quite strong. SBI could head back up to Rs 2400-2450, says Technical Analyst, Ashwani Gujral.
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