Tag: State Bank Of India

New Delhi: The State Bank of India on Wednesday raised interest rates on fixed deposits across various tenures by 10-25 basis points. On deposits of less than Rs 1 crore for a tenure of two to three years, the interest rate has been raised to 6.60 per cent from 6.50 per cent, according to the […]

New Delhi: The Congress on Tuesday said the purported letter written by jeweller Nirav Modi, who is allegedly involved in Rs 11,300 crore PNB scam, smacks of arrogance and asked Prime Minister Narendra Modi and Finance Minister Arun Jaitley that if the letter is authentic, what action would be taken against him. It also asked […]

Mumbai: Oil and gas explorer ONGC has entered into short-term loan agreements with four banks to part-fund its acquisition of HPCL. Accordingly, the company has entered into agreements with ICICI Bank, HDFC Bank, Export Import Bank of India and State Bank of India on January 23 for loans totalling to Rs 16,940 crore. As per […]

Mumbai: State-run State Bank of India (SBI) on Monday announced a hefty reduction in its lending base rate from the New Year by 30 basis points (bps), to 8.65 per cent per annum. With this reduction from the earlier base rate of 8.95 per cent, SBI’s base rate has become the lowest among commercial banks, […]

Mumbai: A post-graduate in Physics-turned professional banker, Rajnish Kumar was on Wednesday named the new Chairman of the State Bank of India (SBI). Kumar, currently one of the Managing Directors in the National Banking Group of the SBI, will succeed Arundhati Bhattacharya, whose extended term ends on Friday. “It is indeed an honour to be […]

Kolkata: The banking industry is poised for a recovery in the credit demand as it stands to gain from the slew of projects like the bullet train announced by the government, State Bank of India chairperson Arundhati Bhattacharya said here on Saturday. She said the govenrment was playing its role in giving a boost to the […]

New Delhi: State Bank of India (SBI) expects to collect Rs 2,000 crore as penalty on savings bank accounts which have failed to maintain a minimum balance, a sum which may be used to partly cover the costs incurred on the linking of accounts with Aadhaar. The recent directive of the government to link all […]

Kolkata: The State Bank of India (SBI) is expecting that slippages will be “under control” in the coming quarters, an official said here on Saturday. “The fresh slippages have started tapering off and going forward the slippages would be under control,” SBI Managing Director (National Banking Group) Rajnish Kumar said on the sidelines of “Banking […]

Bhubaneswar: The Odisha government’s Directorate of Treasuries and Inspection and the State Bank of India have signed an MoU for integration of SBI e-Pay with cyber treasury. The MoU is a landmark initiative by the state government to facilitate revenue collection from citizens through digital banking platform, an official said. The SBI e-Pay is the […]

New Delhi: State Bank of India (SBI) said it is reviewing charges for certain categories of accounts for non- maintenance of monthly average balance (MAB) after receiving feedback from customers. In April this year, the countrys largest lender reintroduced charges on non-maintenance of monthly average balance (MAB) after a gap of five years. “We have […]

New Delhi: Over 2,000 fresh accounts were opened in a Bareilly branch of State Bank of India post- demonetisation till December 31 to allegedly channelise black money in which at least Rs 8 crore were deposited in old notes, a CBI probe has found. The CBI has now registered an FIR against unknown bank officials […]

The next time you go to a bank and find a pen worth the princely sum of Rs. 2 dangling from a string at the counter, you are bound to remember the Rs. 11, 500 crores that the nephew-uncle duo of Nirav Modi and Mehul Choksi managed to polish off neatly from the Punjab National […]

New Delhi: Every month, the country’s largest lender-State Bank of India (SBI) offers a fixed number of ATM transactions with no additional charge and the account holders who exceed the mandated number of transactions are charged a fee ranging from Rs 5 and above. However, there are a few account holders who will be exempted […]

Looking for an opportunity to work with State Bank of India? The SBI has invited online application from Indian citizens for recruitment of Specialist Cadre Officer on contract basis across verticals in SBI. Candidates are requested to apply On-line through the link given in Bank’s website https://bank.sbi/careers or https://www.sbi.co.in/careers. While the last date for the […]

Don’t miss the opportunity if you are desperate for a job in the banking sector? In what could be the final call for one of the major recruitment this month, the State Bank of India (SBI) had released a recruitment notification for the positions of Specialist Cadre Officers in the largest public sector bank’s branches […]