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Tag: State Bank Of India

Odisha: Miscreants Loot Over Rs 42 Lakh From Two ATMs In Kendrapara

Kendrapara: Miscreants allegedly broke open two ATMs of State Bank of India, one at Patrapur and another at Niala Haat in Aul area of Kendrapara district and stole lakhs of rupees from the kiosks late on Tuesday night. Separate teams of police have reached the theft sites and launched investigation. Bank officials also rushed to […]

Cow Sell
Scamster Held For Swindling Rs 1.34 Cr From Minority Affairs Ministry

Jammu:  The J&K Police Crime Branch on Wednesday arrested a West Bengal resident on charge of swindling Rs 1.34 crore from the Ministry of Minority Affairs. “A team headed by a Deputy Superintendent of Police proceeded to West Bengal and arrested accused Selim Sekh of Tinsatabighi Berabad village in Malda district, who was wanted in […]

SBI SO Recruitment 2021: Big Opportunity For Candidates, Apply By February 12

The State Bank Of India (SBI), country’s largest lender, has released a notification for the recruitment of specialist cadre officers on regular basis. The last date for submission of application is February 12, 2021. Candidates need to apply Online through the link given on Bank’s website, https://bank.sbi/careers or https://www.sbi.co.in/careers. Details Of SBI SO Recruitment 2021 […]

Avail Rs 2 Lakh Loan In 5 Mins! Beware, It Could Be A Trap

Bhubaneswar: Ever got an SMS regarding enticing loan offer on your mobile phone? Think twice before clicking such links as it could be a trap set up by cyber fraudsters. The State Bank of India (SBI) has warned its users to be extra vigilant about various ‘Instant Loan Apps’, the links of which are easily […]

Online Fraud: Here Are The Tips From SBI To Keep Your Money Safe

Bhubaneswar: With cyber fraudsters on the prowl for their next targets round-the-clock, people need to be extra cautious while doing all their monetary transactions online as well as at various ATM kiosks. The State Bank Of India (SBI) has released important safety tips for users to keep their ATM debit card and PIN ‘protected’. The […]

SBI To Issue & Encash Electoral Bonds From January 2021

Bhubaneswar: The State Bank of India (SBI), in the XV Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorised Branches from January 1, 2021. The Electoral Bonds shall be valid for fifteen (15) calendar days from the date of issue and no payment shall be made to any […]

In COVID Management, Odisha Slips Behind North East, Bihar And UP: SBI
In COVID Management, Odisha Slips Behind North East, Bihar And UP: SBI

Bhubaneswar: Notwithstanding Odisha government going gung-ho over the Ganjam Covid-19 management model to showcase how skilfully the State had controlled the novel Coronavirus pandemic in the State, the bitter home-truth is that Odisha has been ranked lower than the North-eastern states, including Assam, Bihar and UP in the management of Covid-19 pandemic across states in […]

SBI Recruitment 2020
SBI Recruitment 2020: Apply For 8500 Apprentice Posts; Check Details

Bhubaneswar: The State Bank of India (SBI) has released a recruitment notification for the positions of Apprentice under The Apprentices Act 1961 in its various zones. A vacancy of around of 8500 posts has been mentioned in the official notification released by the largest public sector bank. Interested and eligible candidates can apply for the […]

SBI Recruitment
SBI Recruitment 2020: Application Process Begins for 8,500 Posts; Click For Details

Bhubaneswar: The State Bank of India (SBI) has started online application process for recruitment of apprentices. A total of 8,500 apprentices would be trained under the latest recruitment drive. The selection of applicants will be based on the basis of an online written exam. The test will be held in the month of January 2021. […]

IRCTC-SBI Contactless Credit Card on RuPay Platform Explained

Bhubaneswar: IRCTC and State Bank of India (SBI) recently launched contactless credit card on RuPay Platform. The IRCTC-SBI credit card comes with multiple benefits for all its customers and train travellers. Official sources said, the IRCTC-SBI card offers wide range of rewards for Indian Railway travelers as they can avail savings on their travel. It […]

SBI Recruitment 2020: Huge Vacancy Of 3850 Posts, Check Details

The State Bank of India (SBI) has released a recruitment notification inviting applications for the positions of Circle Based Officer. Interested and eligible candidates can apply for the positions before the deadline. The last date of application submission for the SBI jobs is August 16, 2020. “Eligible candidates, who aspire to join State Bank of […]

State Bank of India
SBI To Focus On Cost Reduction, Workforce Reskilling

New Delhi: State Bank of India (SBI) Chairman Rajnish Kumar on Tuesday said that the bank will focus on cost reduction, rationalisation, and reskilling of its workforce. Speaking at the 65th Annual General Meeting (AGM), Kumar said: “The focus while going forward will be on cost reduction, rationalisation, and reskilling of workforce, improving staff productivity, […]

SBI Launches Separate Vertical For Agriculture, Micro Credit

New Delhi: In a major restructuring exercise, the State Bank of India (SBI), the largest lender of the country, has created a separate FI&MM vertical within the Bank with an exclusive focus on Financial Inclusion & Micro markets in rural and semi-urban areas to improve customer experience in the hinterland. Under this, the Bank will […]

SBI complains CBI
SBI Complains To CBI As Rs 441 Crore Loan Defaulter Flees India

New Delhi: Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, have already fled the country before the State Bank of India reached the agency with the complaint, officials said on Saturday. The CBI had recently booked the […]

SBI Cuts Savings Account Deposit Rates By 25 BPS, Reduces MCLR By 35 BPS

Mumbai: Lending major State Bank of India (SBI) on Tuesday has announced to cut the savings account deposit rates by 25 Basis Points (BPS) and has reduced the marginal cost of funds-based lending rate (MCLR) by 35 BPS across tenors. As per the revised rates, the existing rate of interest for savings bank account deposits […]

Yes bank crisis
Depositors' money safe, don't see panic withdrawals: Yes Bank

With normal banking services in Yes Bank to resume at 6 p.m. on Wednesday, the private sector bank’s administrator and new investors assured all deposit holders that their savings in the bank were absolutely safe and customers would have much better experience when they resume usual interaction with the lender. “There is no need to […]

Investment In Yes Bank: SBI To Infuse Rs 7250 Crore

Mumbai: The country’s largest lender State Bank of India on Thursday said it has received approval to buy Rs 7,250 crore worth of shares in crisis-hit Yes Bank. “The executive committee of the central board (ECCB) at its meeting held on March 11 accorded approval for purchase of 725 crore shares in Yes Bank at […]

SBI jobs 2019 specialist cadre posts
SBI cuts interest rate on savings accounts to 3 pc; removes minimum balance requirement

New Delhi: The country’s largest lender State Bank of India (SBI) on Wednesday rationalised interest rate on all savings bank (SB) accounts to a flat 3 per cent, a move affecting 44.51 crore account holders. The bank also waived the requirement for maintaining minimum balance in SB accounts. Keeping in mind the ‘Customers First’ approach, […]

SBI cuts MCLR, home & car loans to be cheaper

Mumbai: The State Bank of India (SBI) here on Wednesday reduced the marginal cost of funds-based lending rate (MCLR) by 10-15 basis points across tenors. “The one-year MCLR comes down to 7.75 per cent from 7.85 per cent with effect from March 10, 2020. It’s the tenth consecutive cut in MCLR in FY20,” the country’s […]

SBI To Buy 49% Stake In Yes Bank For Rs 2,450 Cr

New Delhi: The State Bank of India (SBI) on Saturday announced it will pick up a 49 per cent stake in Yes Bank for Rs 2,450 crore and clarified that all the deposits and liabilities of the reconstructed bank will continue in the “same manner”. The crisis-hit Yes Bank, which failed to garner investor support […]

Amid NBFC Crisis, SBI Reminds RBI Of Its Role As Lender Of Last Resort

New Delhi: Economists at the State Bank of India (SBI) have reminded the central bank that they should not forget their primary function of being the lender of last resort. As the NBFC continues to be in distress, economists at SBI on Friday called for the Reserve Bank of India (RBI) to play its role […]

SBI Duped Of Rs 40 Lakhs With Forged NSCs

Kolkata: Four persons have been arrested from the city and its nearby areas for allegedly duping the SBI of Rs 40 lakh which they obtained as loan by submitting forged National Savings Certificates (NSC) as collateral, a police officer said on Tuesday. Acting on a complaint filed by in July last year by the Regional […]

SBI Invites Bids To Sell Its 1% Stake In NSE

New Delhi: State-run State Bank of India (SBI) on Friday invited bids for selling its 1 per cent stake in the National Stock Exchange (NSE). “SBI is one of the shareholders of National Stock Exchange of India Ltd (NSEIL) and intends to divest up to 1.0101 per cent (50,00,000 equity shares) of its equity shareholding […]

SBI Cuts Lending Rate By 10 Bps To 7.90%

New Delhi: The State Bank of India (SBI) on Monday announced 10 basis points cut in the one-year marginal cost of funds-based lending rate (MCLR), effective from December 10. It will bring SBI’s one-year MCLR down to 7.90 per cent from 8 per cent. The bank claimed it continued to be the cheapest loan provider […]

SBI job notification in May 2019
SBI Q2 profit surges six-fold to Rs 3,375 crore

New Delhi: The country’s largest lender SBI on Friday reported a nearly six-fold jump in its consolidated net profit to Rs 3,375.40 crore for the second quarter ended September 30. The bank’s net profit was Rs 576.46 crore in the July-September quarter of previous fiscal. Its total income of the entire SBI group rose to […]

SBI cuts interest rates on savings deposits

New Delhi: The State Bank of India (SBI) on Wednesday cut interest rate on savings deposits, with a balance of upto Rs 1 lakh, by 25 bps to 3.25 per cent from November 1, and slashed retail & bulk term deposit interest rates by 10 and 30 bps respectively for 1 year to less than […]

SBI cuts lending rates by 10 bps, retail loans to get cheaper

New Delhi: The State Bank of India (SBI) on Wednesday announced lowering its marginal cost of funds based lending rate (MCLR) by 10 basis points across all tenors to 8.05 per cent from October 10. The MCLR cut will make home and other retail loans cheaper for the existing borrowers. The bank’s one-year MCLR has […]

SBI Yaris Dosti car loan
India's deposit insurance coverage among the lowest: SBI

Mumbai: A state-run State Bank of India (SBI) report on Monday said that the deposit insurance coverage in India is one of the lowest in the world. A deposit insurance coverage ensures that the depositor gets a certain amount, before the bank pays other parties at the time of liquidation. In India, deposits are insured […]

UGC NET JUNE 2020 Result
Big Vacancy In State Bank of India, Registration For Over 600 Posts Ends Today

The State Bank of India (SBI) recently released a recruitment notification under The Apprentices Act 1961, for as many as 700 Apprentice positions. While the application submission had begun last month, today is the last date to submit form. Interested and eligible candidates must apply for the positions now to avoid last hour rush. Details of […]

SBI job notification in May 2019
Banks To Hold Loan Fairs Across 250 Districts From Thursday

New Delhi: The first phase of ‘Loan Mela’, an outreach programme for providing credit to retail customers and MSMEs, will begin from Thursday across 250 districts across the country to meet demand during the festival period. During the four days beginning October 3, loans will be sanctioned for retail, agriculture, vehicle, home, MSME, education and […]

SBI New Rules Effective From Oct 1, See How It Will Impact Customers
SBI Changes These 5 Rules From Today, See The Impact On Customers

The country’s largest lender State Bank of India (SBI), has brought major changes in the rules pertaining to SBI loan, cheque book, ATM transactions, minimum account balance, RTGS and NEFT charges, which came into effect from October 1, 2019, i.e. today. From today, SBI’s ATM charges have changed. While earlier, the SBI customers were able […]

Beware SBI Customers! Stay Away From This Or You'll Lose Everything

Afraid of losing all your money to the fraudsters? The country’s largest lender, State Bank of India (SBI) has come up with a few strict guidelines reiterating that the customers should never share their confidential information with anybody. “Do not invest your time and money interacting with fake accounts on social media. Follow, tag and […]

SBI online payment BHIM app
SBI to Adopt RBI's Repo Rate As External Benchmark

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 […]

SBI job notification in May 2019
SBI to roll out co-lending model with 4-5 NBFCs

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 […]

SBI bank home loan cheaper
SBI Recruitment 2019: Big Opportunity To End Today For Bank Job Aspirants

The State Bank of India (SBI) had invited applications from interested and eligible candidates for the positions of Specialist Cadre officers. While the application process begins earlier this month, the deadline for form submission has come. The application process is ending today, September 22, 2019. Therefore, candidates are advised to apply now to avoid the […]

IOCL recruitment 2019 specialist cadre posts
SBI Jobs 2019: Registration Process Begins For Multiple Vacancies, Check Details & Apply Now

The State Bank of India (SBI) has invited applications from interested and eligible candidates for the positions of Specialist Cadre officers. The application process is underway and will end on September 22, 2019. Therefore, candidates are advised to apply before the last date of application. Posts, Age Limit and Educational Qualification: 1. Chief Marketing Officer: […]

SBI bank home loan cheaper
SBI Home Loans To Get Cheaper, Bank Cuts Lending Rates

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, […]

SBI jobs 2019 notification in September on eligibility criteria
SBI Recruitment 2019: Eligibility Criteria Revised, Big Relief For Applicants

In a major development, the State Bank of India (SBI) recently released a recruitment notification modifying its earlier advertisement for the positions of Bank Medical Officer stating that the Criteria of Registration with Medical Council of India stands revised to Registration with Medical Council of India or State Medical Council. However, in a big relief […]

SBI Planning To End Debit Card Use; Here's Detail

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 […]

UK Scholarship for Indian students
SBI PO Mains Exam Result 2019: Here's The Latest Update

Finally, the wait is going to get over for thousands of candidates as the State Bank of India (SBI) is soon going to declare the results of main exam conducted for the recruitment of 2000 probationary officer (PO). The SBI PO main exam was held on July 20, 2019 in multiple centres across the country. Through an […]