State Bank of India

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Galwan hero could be posthumously awarded Mahavir Chakra on R-Day

25 Jan 2021

Galwan hero could be posthumously awarded Mahavir Chakra on R-Day

Colonel Santosh Babu, who was martyred in Galwan Valley clash last June along with 19 others, will most likely be awarded the Mahavir Chakra posthumously on Republic Day.

Vijay Mallya seeking 'alternative route' to remain in the UK

23 Jan 2021

Vijay Mallya seeking 'alternative route' to remain in the UK

Fugitive economic offender Vijay Mallya has reportedly appealed to the UK Home Secretary Priti Patel for an alternative route to remain in the UK and avoid extradition to India.

VHP to start fund-raising drive in Karnataka for Ram temple

22 Dec 2020

VHP to start fund-raising drive in Karnataka for Ram temple

The Vishva Hindu Parishad (VHP) will rope in over five lakh volunteers to start a door-to-door fundraising drive in Karnataka from January 15 to February 27, 2021, to build a grand Sri Ram Temple in Ayodhya, the outfit's international working president Alok Kumar said on Tuesday.

Cabinet clears crisis-hit Lakshmi Vilas Bank's merger with DBS Bank

25 Nov 2020

Cabinet clears crisis-hit Lakshmi Vilas Bank's merger with DBS Bank

The Union Cabinet on Wednesday approved the amalgamation of the crisis-hit Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL), the Indian arm of Singapore's DBS Bank.

WhatsApp's payments service is finally here: How to use it

06 Nov 2020

WhatsApp's payments service is finally here: How to use it

WhatsApp has launched its payments service in India after receiving a nod from the National Payments Corporation of India (NPCI).

'Scam 1992' review: An investment worth the risk

18 Oct 2020

'Scam 1992' review: An investment worth the risk

Quite like the gigantic financial scam it draws its name from, Scam 1992 is inspiring, entertaining and horrifying, all at once.

SBI reduces FD rates; check revised rates here

09 May 2020

SBI reduces FD rates; check revised rates here

India's largest lender State Bank of India (SBI) has slashed interest rates for fixed deposits (FDs) up to three years' tenor by 20 basis points (bps). The new rates will come into effect from May 12.

Exporters flee country after cheating 6 banks; SBI files complaint

09 May 2020

Exporters flee country after cheating 6 banks; SBI files complaint

Three promoters of a Delhi-based basmati rice export firm have fled the country with over Rs. 400 crore in unpaid bank loans, officials said on Saturday.

#CareerBytes: SBI PO v/s IBPS PO- Everything you should know

06 May 2020

#CareerBytes: SBI PO v/s IBPS PO- Everything you should know

The post of a Probationary Officer (PO) is one of the most coveted jobs in the banking sector as it offers job security and good pay.

Now, you can recharge your Jio number from bank ATMs

30 Mar 2020

Now, you can recharge your Jio number from bank ATMs

Reliance Jio has announced that its subscribers can now recharge their prepaid numbers at a nearby bank ATM. The move aims to provide an alternative recharge method for all users, especially to those who cannot do online recharges.

RBI's 3-month EMI moratorium: All you need to know

27 Mar 2020

RBI's 3-month EMI moratorium: All you need to know

Earlier in the day, the Reserve Bank of India (RBI) announced a few measures in view of the 21-day lockdown over coronavirus.

Yes Bank resumes full banking services as RBI lifts moratorium

18 Mar 2020

Yes Bank resumes full banking services as RBI lifts moratorium

The ailing private lender Yes Bank on Wednesday confirmed that its banking services are now fully operational.

Yes Bank rescue plan unveiled, withdrawals restrictions to be lifted

14 Mar 2020

Yes Bank rescue plan unveiled, withdrawals restrictions to be lifted

Crisis-hit Yes Bank got a lifeline after the Union Cabinet, chaired by Prime Minister Narendra Modi, notified a reconstruction plan backed by the State Bank of India (SBI).

Yes Bank depositors can now use IMPS/NEFT to pay dues

10 Mar 2020

Yes Bank depositors can now use IMPS/NEFT to pay dues

The crisis-hit lender Yes Bank on Tuesday allowed customers to make certain transactions using instant money transfer services.

Booked for corruption, Yes Bank's founder Rana Kapoor breaks down

09 Mar 2020

Booked for corruption, Yes Bank's founder Rana Kapoor breaks down

Rana Kapoor, the founder of crisis-hit Yes Bank, was on Sunday booked by the Central Bureau of Investigation (CBI) for alleged criminal conspiracy, cheating, and corruption.

SBI working on Yes Bank's reconstruction scheme, says bank chief

07 Mar 2020

SBI working on Yes Bank's reconstruction scheme, says bank chief

State Bank of India Chairperson Rajnish Kumar on Saturday said that the bank has received the draft scheme for the reconstruction of the crisis-hit Yes Bank.

Yes Bank founder Rana Kapoor's home raided by Enforcement Directorate

07 Mar 2020

Yes Bank founder Rana Kapoor's home raided by Enforcement Directorate

The Enforcement Directorate on Friday raided the home of Yes Bank founder Rana Kapoor in Mumbai.

Explained: The rise and fall of Yes Bank

06 Mar 2020

Explained: The rise and fall of Yes Bank

Yes Bank depositors panicked when on Thursday, the Reserve Bank of India (RBI) capped cash withdrawals at Rs. 50,000.

Amid Yes Bank crisis, Sitharaman assures depositors' money safe

06 Mar 2020

Amid Yes Bank crisis, Sitharaman assures depositors' money safe

Finance Minister Nirmala Sitharaman on Friday gave assurance to the depositors of cash-starved Yes Bank.

Yes Bank crisis: Things to know if you're a customer

06 Mar 2020

Yes Bank crisis: Things to know if you're a customer

In a drastic move, the Reserve Bank of India (RBI) took over the board of private lender Yes Bank on Thursday night, while also putting a cap of Rs. 50,000 on withdrawals.

Troubled Yes Bank under moratorium; withdrawals limited to Rs. 50,000

05 Mar 2020

Troubled Yes Bank under moratorium; withdrawals limited to Rs. 50,000

The Central government has imposed an order of moratorium on troubled private lender, Yes Bank, on Thursday as per the recommendation of the Reserve Bank of India (RBI).

India's five most influential and successful women in finance

05 Mar 2020

India's five most influential and successful women in finance

The world of finance used to be seen as an industry only for men for the longest time. However, that has changed in the last few years.

SBI home loans to get cheaper as lender slashes MCLR

07 Feb 2020

SBI home loans to get cheaper as lender slashes MCLR

India's largest lender, the State Bank of India (SBI) on Friday cut its lending rates.

Banks go on a strike: Which services would be affected?

31 Jan 2020

Banks go on a strike: Which services would be affected?

Across India, banking services are expected to be impacted greatly this weekend as bank unions go on strike from today (January 31, 2020).

#CareerBytes: All you need to know about SBI PO Exam-2020

21 Jan 2020

#CareerBytes: All you need to know about SBI PO Exam-2020

The post of a Bank Probationary Officer (PO) is one of the most coveted jobs among youngsters in the country.

Political parties received two-third donations through opaque electoral bonds

14 Jan 2020

Political parties received two-third donations through opaque electoral bonds

In 2018-19 fiscal, the coffers of seven political parties overflowed, and a large chunk of this money came through the controversial electoral bond route.

Attention, SBI customers! These new banking rules take effect today

01 Jan 2020

Attention, SBI customers! These new banking rules take effect today

If you have an account in the State Bank of India (SBI), you may want to pay attention to this.

#CareerBytes: SBI PO v/s IBPS PO- Everything you should know

27 Dec 2019

#CareerBytes: SBI PO v/s IBPS PO- Everything you should know

The post of a Probationary Officer (PO) is one of the most coveted jobs in the banking sector as it offers job security and good pay.

#FinancialBytes: Best credit cards in India you can apply for

20 Dec 2019

#FinancialBytes: Best credit cards in India you can apply for

Credit cards play an essential role in our financial lives today and are one of the most widely-used cashless payment methods because of the convenience they provide.

SBI will deactivate these debit cards by December 31

09 Dec 2019

SBI will deactivate these debit cards by December 31

India's largest public sector bank, the State Bank of India (SBI), is planning to deactivate some debit cards by the end of this month.

#FinancialBytes: What is advance tax and who should file it?

08 Dec 2019

#FinancialBytes: What is advance tax and who should file it?

Income tax accounts for a significant part of the government's revenue, and it is the responsibility of taxpayers to pay the required tax on the income they earned during a year on time.

Man mysteriously receives money in account; believes Modiji sent it

22 Nov 2019

Man mysteriously receives money in account; believes Modiji sent it

A man in Madhya Pradesh's Bhind district was pleasantly surprised when he saw a large sum of money mysteriously appear in his State Bank of India (SBI) account.

Congress stages walkout in Lok Sabha over electoral bonds

21 Nov 2019

Congress stages walkout in Lok Sabha over electoral bonds

Members of Parliament (MPs) of the Congress party staged a walkout from the Lok Sabha on Thursday over the issue of electoral bonds. The party also protested the privatization of public sector units (PSUs).

Want to link your SBI account with Aadhaar? Here's how

17 Oct 2019

Want to link your SBI account with Aadhaar? Here's how

Although according to the Supreme Court, it is no longer mandatory to link your Aadhaar with bank account, it could still prove to be beneficial.

Now, no more discounts on credit-card payments at petrol pumps

25 Sep 2019

Now, no more discounts on credit-card payments at petrol pumps

Credit card payments at petrol pumps will not get the 0.75% cashback/discount, starting from October 1.

#FinancialBytes: SBI Tax Savings Scheme- Interest rate, tenure and more

20 Sep 2019

#FinancialBytes: SBI Tax Savings Scheme- Interest rate, tenure and more

The State Bank of India, India's largest lender, offers many short-term and long-term saving schemes to its customers.

Investing in Provident Funds? Here's how much you can earn

11 Sep 2019

Investing in Provident Funds? Here's how much you can earn

Public Provident Fund, popularly known as PPF scheme, is a long-term savings scheme, launched by the National Savings Institute (Government of India) in 1968.

SBI cuts Fixed deposit (FD) rates again: Details here

09 Sep 2019

SBI cuts Fixed deposit (FD) rates again: Details here

On Monday, the State Bank of India (SBI) announced that it would reduce MCLR (marginal cost of lending rate) on loans across all tenors.

'Protect children from gays': Schoolgirls made to join homophobic campaign

31 Aug 2019

'Protect children from gays': Schoolgirls made to join homophobic campaign

Yesterday, a group of 50-odd female students of the Avvai Home Higher Secondary School, Chennai, paraded with placards carrying messages apparently intended towards women's safety.

#CareerBytes: SSC-CGL or SBI PO Exam - What to choose?

19 Aug 2019

#CareerBytes: SSC-CGL or SBI PO Exam - What to choose?

In India, Staff Selection Commission Combined Graduate Level Examination (SSC-CGL) and the Bank Probationary Officer (PO) Exam conducted by State Bank of India (SBI) are two of the most competitive exams for graduates.