State Bank of India (SBI): News | Page 8

09 Jun 2017

Narendra Modi

SBI cuts interest rate on home loans to 8.6%

SBI has now slashed down the interest-rate of home loans above Rs. 75 lakh by 10 basis points. From June 15, the rate for the same will be 8.55-8.6%.

08 May 2017

Narendra Modi

SBI home loan interest rates slashed by 0.25% from tomorrow

SBI has announced a 0.25% cut in interest rates for affordable home loans under Rs. 30 lakh.

14 Apr 2017

India

New BHIM-Aadhaar platform for merchants

PM Narendra Modi will launch a new BHIM-Aadhaar platform for merchants, on the 126th birth anniversary of Dr Bhim Rao Ambedkar.

14 Apr 2017

India

SBI merger: HC halts plans over subsidiary officers' concerns

Putting a halt on SBI's palnned merger with five subsidiary banks, Hyderabad HC directed it not to decide on options suggested by subsidiary officers till June 15.

12 Apr 2017

India

Demonetization: ATMs still short of cash by 30%

Cash infusion into ATMs is still running short by 30%, five months after demonetization of Rs. 500 and Rs. 1,000 notes, said Cash Logistics Association.

11 Apr 2017

India

Digitalization: Since demonetization, 10 lakh PoS machines added

Since November'16, 10 lakh new Point of Sale terminals have been added in the country; number of shops accepting card payments is estimated to have risen from 15 lakh to 25 lakh.

04 Apr 2017

India

Demonetization: Cash withdrawal drops amid lack of low-value currency

Three weeks after RBI lifted withdrawal-restrictions, several ATMs continue to run short of cash, especially Rs. 500 and Rs. 100 notes.

27 Mar 2017

India

Demonetization effect: Debit card usage goes up steeply

Since demonetization, debit card usage has increased from 42% of India's total card spend from October 2016, to 60%.

21 Mar 2017

HDFC Bank

NPCI: No vulnerability in BHIM, UPI apps

After "intensive testing" and "continuous monitoring", the National Payments Corporation of India has announced there is no "vulnerability of loopholes" in the BHIM or UPI apps.

21 Mar 2017

India

Bharatiya Mahila Bank to be merged with SBI

As part of the government's consolidation-reforms, the Bharatiya Mahila Bank (BMB), launched in 2013, is all set to be merged with State Bank of India from April 1.

15 Mar 2017

India

Bank Bad loans to rise to Rs. 9 lakh crore

Sources stated that the bad bank loans in the country are set to increase by 50% to over Rs. 9 lakh crore by March 2017.

13 Mar 2017

India

Savings account cash withdrawal limits lifted

The RBI has removed the cap on withdrawal of money from savings accounts, effective today. Earlier there was a withdrawal cap of Rs. 50,000 per week.

12 Mar 2017

India

Govt releases rules for m-wallets

The Ministry of Electronics and Information Technology has formulated the draft IT (Security of Prepaid Payment Instruments) Rules 2017 to ensure safety and security of transactions made through mobile wallets, smart cards etc.

10 Mar 2017

Defence Ministry

LG rejects AAP's compensation plan to OROP suicide victim's family

Lieutenant Governor Anil Baijal rejected the decision of the AAP government to provide Rs. 1cr compensation to the family of ex-serviceman Ram Kishen Grewal who committed suicide over the OROP issue last year.

09 Mar 2017

India

Need money to bear Jan Dhan costs: SBI

Facing criticism for newly levying penalty charges on the non-maintenance of minimum balance, SBI, justifying its decision, said the bank needs money to bear the burden of managing its 11 crore Jan Dhan accounts.

08 Mar 2017

India

New features to be rolled in the BHIM app

Continuing its aim of digitalization, the government has directed all banks to activate Aadhaar Pay, which enables transactions through fingerprints, by March end.

08 Mar 2017

Syndicate Bank

Now, use your biometrics to pay bills

On Tuesday, the government launched an Aadhaar card-linked payment system which will enable consumers to forego their debit/credit cards and use their fingerprints.

07 Mar 2017

India

SBI hiking minimum balance for savings account from April 1

The State Bank of India (SBI) has increased the minimum balance required to maintain a savings account.

05 Mar 2017

Airtel Payments Bank

Jio Payments Bank receives RBI nod

Jio Payments Bank (JPB), a joint venture between State Bank of India and Reliance Industries Limited, has received the crucial go-ahead from the RBI.

01 Mar 2017

India

All bank accounts to have net banking by March 31

The government has asked all the banks to activate net banking for every account by March 31 and mandatorily link them to Aaddhar numbers.

01 Mar 2017

Punjab National Bank

Bank strike paralyses operations across the country

Operations were severely hit as public sector banks remained shut and ATMs went dry during the one-day strike by United Forum of Bank Unions. Private banks functioned as usual.

28 Feb 2017

Punjab National Bank

Government banks on strike today, wage hike among other demands

Nine bank unions today held a day-long protest over several demands, including wage revision and accountability of top executives, in view of mounting bad loans in the banking sector.

28 Feb 2017

India

Rosneft deal: Essar and IDFC Alternatives reach an agreement

Essar Group and private equity fund IDFC Alternatives have agreed to end a proceeding that threatened to delay the $12.9 billion Essar-Rosneft deal.

24 Feb 2017

India

SBI to merge with 5 associate banks on April 1

On April 1, 2017, the State Bank of India (SBI) will officially merge with five associate banks - State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Hyderabad (SBH) and State Bank of Patiala (SBP).

21 Feb 2017

HDFC Bank

Bharat QR latest to join govt bouquet of payment apps

Giving another thrust to the drive towards a digital-economy, the government has launched a QR code-based payment system called BharatQR code.

16 Feb 2017

India

Currency crunch continues, 30% ATMs still running dry

Data showed that 30% of the ATMs in India are still running dry, despite it being 100 days since the demonetization scheme was announced.

16 Feb 2017

India

SBI merger approved by Cabinet

The cabinet approved the merger of State Bank of India (SBI) with five associate banks.

13 Feb 2017

India

Bharat Interface for Money (BHIM) launched on iOS

Bharat Interface for Money (BHIM), designed by the government to urge Indians to make cashless transactions, was launched on the iOS platform on Sunday.

Banking security breach: Hitachi Payments Services accepts mistake

Hitachi Payments Services accepted that its systems were compromised in mid-2016 due to a sophisticated malware.

03 Feb 2017

India

BSE makes debut listing on NSE

The Bombay Stock Exchange (BSE) was listed on its rival National Stock Exchange (NSE) today; BSE recently concluded its Rs. 1,234 crore initial public offering.

26 Jan 2017

India

BSE subscribed 51 times on IPO last day

BSE's IPO received 51 times more bids than the number of shares on offer on the last day of its IPO.

23 Jan 2017

Syndicate Bank

Government encourages payments via biometrics

The government is keen to promote digital transactions in rural areas and is therefore pushing 'Aadhaar Pay'.

23 Jan 2017

India

BSE IPO launch today

The Bombay Stock Exchange is set for its IPO today, seeking to raise Rs.1,243.4 crore. Analysts say BSE's valuation is reasonable. It seeks to sell stocks at Rs.805-806 per share in the three-day IPO.

Demonetization: Bankers threaten to go on a nationwide strike

Certain bank trade unions have intimidated that they would go on a nationwide, day-long strike on 7th February.

Thane girl at Donald Trump's inauguration

Oishika Neogi, a resident of Thane will be attending Donald Trump's inauguration ceremony.

Former PM MMS comes to Urjit Patel's aid

Former PM Manmohan Singh came to the aid of RBI governor Urjit Patel amidst the heated debate on demonetization, saying he is not obligated to respond to queries on lifting banking restrictions.

RBI: new notes worth Rs.9.2 lakh crore already introduced

RBI governor Urjit Patel stated that new notes worth Rs.9.2 lakh crore have already been introduced in place of Rs.15.4 lakh crore worth Rs.500 and Rs.1,000 notes that were removed from circulation.

17 Jan 2017

India

BSE IPO at Rs.805-806

BSE has fixed the price range of its IPO at Rs.805-806. It plans to raise at least Rs.1243 crore through the IPO, which will be open from Jan 23-25.

Ex-SBI chairman accuses RBI of lying on demonetization

Former State Bank of India chairman Pratip Chaudhuri has alleged that the RBI has been "lying on the face" to Indian citizens about the cash situation.

15 Jan 2017

Punjab National Bank

45 people become lakhpatis under NPCI schemes

The Centre revealed that its incentives of announcing lucky draws to encourage electronic payments had already made 45 people 'lakhpatis'.

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