State Bank of India (SBI): News | Page 8
09 Jun 2017Narendra 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 2017Narendra 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 2017India
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 2017India
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 2017India
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 2017India
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 2017India
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 2017India
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 2017HDFC 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 2017India
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 2017India
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 2017India
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 2017India
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 2017Defence 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 2017India
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 2017India
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 2017Syndicate 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 2017India
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 2017Airtel 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 2017India
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 2017Punjab 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 2017Punjab 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 2017India
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 2017India
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 2017HDFC 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 2017India
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 2017India
SBI merger approved by Cabinet
The cabinet approved the merger of State Bank of India (SBI) with five associate banks.
13 Feb 2017India
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.
11 Feb 2017Reserve Bank Of India (RBI)
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 2017India
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 2017India
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 2017Syndicate 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 2017India
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.
21 Jan 2017Reserve Bank Of India (RBI)
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.
20 Jan 2017Central Bureau Of Investigation (CBI)
Thane girl at Donald Trump's inauguration
Oishika Neogi, a resident of Thane will be attending Donald Trump's inauguration ceremony.
19 Jan 2017Reserve Bank Of India (RBI)
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.
18 Jan 2017Reserve Bank Of India (RBI)
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 2017India
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.
16 Jan 2017Reserve Bank Of India (RBI)
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 2017Punjab 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'.