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S. Viswanathan on 8 October 2012 was appointed as a managing director of State Bank of India. His appointed came by the Central Government of India.


SBI hikes Fixed Deposit rates by upto 1%
State Bank of India, country’s largest lender raised Fixed Deposit rates on select maturities by up to
1%, amidst tight liquidity situation. FDs with maturity period of 7-90 days will earn 8% interest
against existing 7%. Interest rates on 91-179 day and 181-240 day period Fixed Deposits raised by
0.75% and 1% respectively to 8%. Interest rate on 241-day to 1-year FDs raised by 0.25% to 8%.
The interest rates on FDs beyond one-year maturities unchanged. SBI last revised its fixed deposit rates in August 2011.









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Base Rates raised by SBI
SBI (State Bank of India,) raised its base rates by 0.25% to 9.5%
This move by SBI to raise rates comes as a Result of ICICI Bank raising rates by the same
percentage last week
To give some relief to the small investors the Savings Deposit Rate was also hiked by SBI across
all deposits by 1%
<< Base Rate is the minimum rate at which banks can lend >>

SBI violates RBI norms on RIL loans
SBI temporarily exceeded RBI-set credit exposure limit for the consecutive 4th year in 2011-12 in case of loans given to
Reliance Industries Limited (RIL).
It also infringed RBI’s single borrower exposure rules in case of loans to two state-run entities — Indian Oil Corp (IOC)
and Bharat Heavy Electricals Ltd (BHEL).
The exposure was brought down within the RBI-prescribed limits for all the three borrowers (RIL, IOC and BHEL) at the
end of the financial year on March 31, 2012
SBI surpassed the limit by about Rs 500 crore, Rs 4,000 crore, Rs 3,000 crore for certain periods in case of loans to RIL,
IOC and BHEL respectively
At the end of the fiscal, the bank’s outstanding loan to RIL, IOC and BHEL was Rs 6,867.32 crore, Rs 24,374.33 crore and
Rs 13,522.21 crore respectively, all within the RBI’s prudential single borrower exposure limits.
According to RBI Norms:
 A bank can’t give loans in excess of 15 % of its capital funds to a single borrower, but can exceed this limit by 5 %
in exceptional cases with prior approval of their boards
Current Affairs Published on www.gktoday.in from January 1, 2012 to
September 10, 2012
 The exposure ceiling limits is fixed at 15 % of capital funds in case of a single borrower and 40 % of capital funds
in the case of a borrower group
 The credit exposure to a single borrower can extend up to 20 %, if the additional 5 % exposure is on account of
extension of credit to infrastructure projects.
 The credit exposure to borrowers belonging to a group may go up to 50 %, if the additional 10 per cent exposure
is for credit to infrastructure projects





SBI

NEW DIGITAL MARKETING INITIATIVE  CLICK 2 CARD THAT WOULD LEVERAGE THE POWER OF WEB TO PROVIDE CONVIENCE TO CREDIT CARD APPLICANTS.



following Indian banks have been allowed to
operate in Pakistan----State Bank of India
(SBI) and Bank of India (BoI)