Tag: Sbi

State Bank of India (SBI), the country’s largest lender, recently issued three strict guidelines for its customers to avoid being duped by fraudsters, either in case of cash transactions or online banking. ‘Share your food with everyone, DON’T SHARE YOUR BANK DETAILS WITH ANYONE’- with this message, the SBI has asked the customers to Stop, […]

The country’s largest lender, State Bank of India (SBI) has yet again come up with strict guidelines reiterating that the customers should remain alert and cautious while conducting any electronic financial and banking transaction. In an attempt to save the customers from being trapped, SBI has issued some DO’s and DONT’s. Follow these practices and […]

Mumbai: State Bank of India’s net banking and YONO, popular mobile application, services were resumed after staying off-line for several hours, leaving thousands of customers’ stranded. During the period, some of the web-based banking instruments of the SBI, were not available with many customers posting complaints on the bank’s official twitter handle. However, banking sources […]

Bhubaneswar: Future seems very tense for Odisha! The outlook for the State in 2050 is not rosy, rather quite ‘grayish’. The demographic bombshell is Odisha will be among the top 10 states with most aging (65+ years) population in the country. And why this is a critical ‘grey’ news for Odisha is, the per capita […]

Mumbai: The Reserve Bank has slapped penalties on nine commercial banks, including State bank of India, Punjab National Bank and Bank of Baroda, for a host of violations, including delay on the reporting of fraud in the account of Kingfisher Airlines in case of two lenders. The nine lenders in separate regulatory filings said that […]

Even though debit-cum-ATM card offers a lot of conveniences, it is prone to risks which a cardholder must be aware of. Banks have been issuing advisories from time to time to debit cardholders to ensure that they do not fall victim to fraud and hacking. Tips issued by banks: It is always advisable to memorise […]

New Delhi: In what could be a big relief for ATM card users, the Reserve Bank of India (RBI) has issued notice to all Scheduled Commercial Banks including Regional Rural Banks, Urban Co-operative Banks, State Co-operative Banks, District Central Co-operative Banks, Small Finance Banks, Payment Banks, White Label ATM Operators clarifying on the usage of […]

New Delhi: In a bid to boost car sales amid piling inventories, the State Bank of India (SBI) on Tuesday waived processing fee on car loans during the upcoming festival season and is also offering the lowest interest rate starting 8.70 per cent on car loans, with no escalation in interest. The move is likely […]

In a bid to promote digital payments and eliminate plastic cards, the State Bank of India(SBI) may herald the beginning of the end of the ubiquitous debit cards from the banking system. This is despite the huge reliance on debit cards by customers of SBI which services a fifth of the population. “…it is our wish […]

Mumbai: Domestic equity benchmark BSE Sensex rallied over 662 points in opening session on Monday after the government rolled back the enhanced surcharge on foreign portfolio investors, and unveiled a slew of measures to boost the economy. The 30-share index, however, pared some gains as investors began booking profits at higher levels. The index was […]

Mumbai: Benchmark stock indices Sensex and Nifty saw their best day in over three months on Monday, buoyed by the government move to withdraw additional surcharge on foreign investors and initiate measures to revive the economy. The BSE gauge Sensex settled with a gain of 2.16 per cent or 792.96 points; while the NSE Nifty […]

Mumbai: Country’s largest lender State Bank of India (SBI) on Monday announced a reduction in its marginal cost-based lending rate or MCLR by 10 basis points across all tenors and has also reduced rates on term deposits. It also lowered interest rates on fixed term deposits across all maturities by up to 25 basis points, […]

The State Bank of India (SBI) has released a recruitment notification for the positions of Apprentice under The Apprentices Act 1961. A vacancy of around 700 posts has been mentioned in the official notification released by the largest public sector bank. Interested and eligible candidates can apply for the positions before the deadline. The last […]

Kolkata: State Bank of India (SBI) is expected to launch a co-lending business model soon with 4-5 medium to large-sized NBFCs, an official of the lender said. Once the present hurdles relating to the integration of technology with the non-banking finance companies (NBFCs) are removed, the model of co-lending will be launched and it will […]

Mumbai: State Bank of India, the countrys largest lender, has decided to adopt RBIs repo rate as the external benchmark for all floating rate loans for MSME, home and retail loans from October 1. The benchmarks to which banks can link the new floating rate retail loans for the purpose of transmission are — RBI’s […]