Tag: State Bank Of India

SBI-bank-fraud-warning
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 […]

  • Sunday, 25 April 2021
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 […]

  • Sunday, 25 April 2021
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 […]

  • Sunday, 25 April 2021
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 […]

  • Saturday, 24 April 2021
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 […]

  • Saturday, 24 April 2021
SBI
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 […]

  • Saturday, 24 April 2021
SBI-saving
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 […]

  • Saturday, 24 April 2021
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 […]

  • Saturday, 24 April 2021
SBI-bank-fraud-warning
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 […]

  • Thursday, 22 April 2021
SBI-bank-fraud-warning
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 […]

  • Wednesday, 21 April 2021
SBI-bank-fraud-warning
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 […]

  • Tuesday, 20 April 2021
SBI-saving
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 […]

  • Tuesday, 20 April 2021
Yes-Bank
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 […]

  • Monday, 19 April 2021
SBI-saving
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 […]

  • Sunday, 18 April 2021
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, […]

  • Sunday, 18 April 2021
scrollToTop