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  • SBIState Bank of India (SBI) and National Investment and Infrastructure Fund (NIIF)join hands to provide a greater thrust to infrastructure financing

    State Bank of India (SBI) and National Investment and Infrastructure Fund (NIIF)join hands to provide a greater thrust to infrastructure financing

    Mumbai, India: State Bank of India and National Investment and Infrastructure Fund (NIIF) have today inked a Memorandum of Understanding (MoU) to boost the availability of capital for infrastructure projects. The scope of the MoU includes equity investments, project funding, bond financing, renewable energy support, and take-out finance for operating assets. The objective of this initiative is to aid in filling the gap at a time when the availability of equity and debt financing for infrastructure has moderated. On the sidelines of the signing event, Rajnish Kumar, Chairman, SBI said, “Today on the auspicious occasion of 64 the Bank’s Day, SBI, and NIIF have joined hands to provide a suite of financing solutions to the Infrastructure sector. The initiative will address concerns relating to the availability of equity and long term debt funding options to large scale projects thereby stimulating infrastructure development”. Sujoy Bose, Managing Director, and CEO, NIIF said, “The availability of postconstruction take-out equity and debt financing for developers and builders of infrastructure projects will play an important role in the infrastructure development cycle in India. NIIF’s partnership with SBI will allow us to design large-scale long-term financing solutions to address this need. We are delighted to sign …

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  • SBISale of Electoral Bonds at Authorized Branches of State Bank of India (SBI)

    Sale of Electoral Bonds at Authorized Branches of State Bank of India (SBI)

    State Bank of India (SBI), in the XXI Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches (as per the list enclosed below) w.e.f. 01.07.2022 to 10.07.2022

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  • SBISale of Electoral Bonds at Authorised Branches of State Bank of India (SBI)

    Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI)

    The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018

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  • SBICCI imposes a penalty on seven entities for bid-rigging in the tender of the State Bank of India

    CCI imposes a penalty on seven entities for bid-rigging in the tender of the State Bank of India

    The Competition Commission of India (‘CCI’) passed a final order against seven entities for indulging in an anti-competitive agreement for the supply of signages for branches/offices/ATMs of State Bank of India (SBI)

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