Business, Economy & Banking Current Affairs

SBI launches ‘SBI Realty’ portal for home buyers

India’s largest commercial bank State Bank of India (SBI) launched SBI Realty, a dedicated portal that will help home buyers to choose flats from its 3,000 approved projects across the country.

SBI Realty will be a one stop integrated website for home buyers. It will help customers to choose their dream home from 3,000 SBI approved projects, which are spread across 13 states/UTs covering 30 cities.

Key Facts

The SBI Realty portal has been developed by SBICAP Securities in association with PropEquity in terms of data support, project information, etc. At present, the website has 9.5 lakh home units available on it.

Using the portal, customers can compare current and past trends of prices for properties in various localities in the city. It will also assist customers in calculating appropriate loan amount a customer should borrow based on income and credit profile.

About State Bank of India (SBI)

SBI is the largest commercial bank in India in terms of assets, deposits, branches, profits, customers and employees. It has a deposit base of Rs 25.85 lakh crore. It has an extensive network, with over 24 thousand branches in India and 194 overseas offices in 35 other countries.

Tags:

Reliance Industries market capitalisation hits Rs 5 lakh crore mark

Mukesh Ambani-led Reliance Industries Limited (RIL) for the first time in its trading history has crossed Rs 5 lakh crore in market capitalisation. The market cap of RIL stood at Rs 5,04,458.09 on BSE (Bombay Stock Exchange.

RIL is second firm to cross Rs 5 lakh crore in market capitalisation. It is also RIL’s highest market cap in its lifetime and also currently it is the most valued company on the bourses.

Tata Consultancy Service (TCS) was first company to hit Rs 5 lakh crore in market capitalisation milestone in July 2014. Later in November 2014, its market capitalisation had surged to 5.43 lakh crore. Now, it is the second most valuable company in terms of market-capitalisation.

About Reliance Industries Limited (RIL)

RIL is an Indian conglomerate engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. It is the third most profitable company in India. It is the second largest company in India in terms of revenue after the government-controlled Indian Oil Corporation (IOC). It was ranked 215th on the Fortune Global 500 list of the world’s biggest corporations as of 2016. It was also ranked 8th among the Top 250 Global Energy Companies by Platts as of 2016.

Tags:

Advertisement

12345...102030...975