State Bank of India (SBI): News
06 Sep 2017
IndiaDemonetization: Printing presses add bill worth crores to RBI's losses
RBI has suffered severe losses due to demonetization. Earlier, it said 99% of demonetized Rs. 1,000 notes had returned, thus defeating the whole purpose of the move which was to eradicate black money.
05 Sep 2017
IndiaHDFC gets 'too big to fail' status from RBI
In 2015, the Reserve Bank of India had classified the country's largest lender SBI and private sector major ICICI bank as D-SIB or domestic systemically important bank.
05 Sep 2017
IndiaSBI to launch SIA, its own chatbot!
India's largest public sector bank is gearing up to go hi-tech. Its new offering- SIA- is currently under beta-testing.
02 Sep 2017
IndiaNo more minimum balance hassles with this SBI account
Tired of having to maintain a minimum balance for your savings account? Worry not, SBI has a solution.
30 Aug 2017
IndiaNTPC share-sale is expected to fetch govt Rs. 13,800 crore
Following Rs. 22,500 crore OFS in Coal India in 2014-15 and Rs. 15,200 crore IPO in 2010, the government will now conduct its third-biggest disinvestment deal.
29 Aug 2017
IndiaThe Tirupati Temple has just deposited 2,780kg gold with SBI
Guessing which is India's richest Hindu temple isn't hard, but estimating exactly how much it owns might be difficult.
24 Aug 2017
IndiaPSB Consolidation: Cabinet gives nod to merge state-owned banks
Taking another step towards consolidation of public sector banks (PSBs), the Union Cabinet approved an "Alternative Mechanism" for constituting an inter-ministerial panel for overseeing the mergers of 21 state-run banks.
21 Aug 2017
BusinessSBI waives processing fees for several retail loans
The SBI has announced a waiver on processing fees for most of its retail loans, including on car loans, gold loans and other personal loans.
21 Aug 2017
IndiaSBI tops list of wilful default, PNB next
India's largest lender SBI is shouldering 27% of the total amount that wilful defaulters owe to the public-sector banks.
18 Aug 2017
IndiaPhotos of the new purported Rs. 50 note go viral
Images of a purported new Rs. 50 note are doing the rounds on social media. There's no official confirmation of their veracity though.
05 Aug 2017
IndiaBharat 22 ETF gets created for government's disinvestment program
Calling it the most significant announcement made this year on the stake divestment program of the NDA government, Union Finance Minister Arun Jaitley said that the center has now created a new ETF named Bharat 22.
04 Aug 2017
PunjabPunjab: Contrary to RBI, SBI publicly shames loan defaulter farmers
About 1.5 months ago, Punjab announced loan waivers worth Rs. 24,000cr for its small and marginal farmers, but not much seems to have changed. They are as helpless as ever.
04 Aug 2017
MumbaiMumbai: Bollywood singer Yash Wadali booked for molestation
Police arrested singer Yash Wadali after a woman complained that Wadali caught hold of her by her shirt collar, pushed her and lashed out abuses at her.
02 Aug 2017
Reserve Bank Of India (RBI)RBI cuts interest rates, loans to get cheaper
The RBI has cut repo rate by 25 basis points to 6%, the lowest in more than 6.5 years, during its policy review today.
31 Jul 2017
IndiaSBI cuts interest on 'below-Rs. 1cr' savings accounts to 3.5%
The SBI has cut the interest rate on savings accounts from 4% to 3.5% on holdings of Rs. 1cr and below. For deposits above Rs. 1cr, the rate of 4% will continue.
26 Jul 2017
Reserve Bank Of India (RBI)Rs. 200 notes might be available as early as August
If reports are to be believed, the RBI has already started printing of new Rs. 200 notes that are expected to hit the market by August.
24 Jul 2017
PhonePeIMPS, NEFT, RTGS, UPI: Everything to know about online transfers
With the government's increasing focus on Digital India, it has gradually attempted to create a cashless economy. Interfaces like UPI are a product of changing times.
24 Jul 2017
IndiaIndividuals can declare bankruptcy if unable to repay loans
Soon, individuals will be able to declare bankruptcy and allowed to repay loans in a planned manner, instead of being forced to pay banks at once.
20 Jul 2017
IndiaWhere are the Rs. 2000 notes?
If demonetization wasn't bad enough, the shortage of Rs. 2000 notes in the recent weeks have made market situation a tad worse.
18 Jul 2017
IndiaSBI launches web portal for home buyers
The country's largest commercial bank, State Bank of India, has launched a dedicated portal for home buyers called "SBI Realty".
13 Jul 2017
National Electronic Fund Transfer (NEFT)SBI cuts NEFT, RTGS charges by up to 75%
The SBI has reduced charges for National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) by up to 75%, to be implemented from July 15.
26 Jun 2017
IndiaSBI chief's salary is nothing compared to private bank counterparts
When former RBI governor Raghuram Rajan said that top talents shy away from PSBs due to lack of proper remuneration, he was not exaggerating.
10 Jun 2017
IndiaGovt plans more SBI-like mergers to create global-sized banks
Reports say that the Finance Ministry is now planning to replicate the success it has made with SBI's merger with its five associate banks and Bharatiya Mahila Bank.
01 Jun 2017
Immediate Payment ServiceSBI to charge more for ATM, online, cash transactions
The State Bank of India (SBI) has revised service charges on ATM withdrawals for customers using its SBI Mobile Buddy mobile app, effective from June 1.
27 May 2017
IndiaPunjab mines auction: Minister's "cook" bags Rs. 26 crore deal
Leaving the Amarinder government shamefaced, a report revealed that a former cook of Punjab's MLA Rana Gurjit won the bid for Rs. 26 crore.
11 May 2017
KeralaSBI clarifies on revised charges: Only for "buddy customers"
SBI issued a clarification in the wake of widespread panic and condemnation after its announcement of revised service charges, including exorbitant ATM charges.
02 May 2017
IndiaState Bank of India slashes rates by 50 basis points
The country's largest lender, State Bank of India, has slashed its interest rates by up to 50 basis points (bps) for various maturities to ward off high-cost deposits.
30 Apr 2017
IndiaSBI ATM dispenses Rs. 500 notes without Gandhi's image
An SBI ATM in Madhya Pradesh's Morena district dispensed Rs. 500 notes without the image of Mahatma Gandhi on it.
23 Apr 2017
IndiaGuarding against ATM hacking
In 2016, India witnessed a massive financial data breach affecting thousands of customers.
19 Apr 2017
Arun JaitleySBI begins charging people for credit card payments
In a new initiative, SBI Card, the bank's credit-card wing, will charge users a Rs. 100 fee for all credit card payments under Rs .2000.
14 Apr 2017
IndiaHenry Kravis' tryst with Indian investment scenario
Investment firm KKR's co-founder Henry Kravis will go down in history of investments with two words that remain highlighted in his career- "Leveraged buyout" and "go-go '80s"
05 Apr 2017
West BengalKarnataka 3rd in child marriage cases, follows TN and WB
According to National Crime Records Bureau, Karnataka has registered the third highest number of child marriage cases for 3 years.
04 Apr 2017
IndiaSBI lending rates cut to 9.10%, minimum balance hiked
On Monday, State Bank of India (SBI), which is flushed with liquidity, reduced its base rate by 15 basis points from 9.25% to 9.10% with effect from April 1, 2017.
05 Apr 2017
IndiaRBI may get government help in tackling bad loans
The government is now mulling about passing a legislation, which will allow the Reserve Bank of India (RBI) to tackle stressed assets.
04 Apr 2017
IndiaSecurity breaches are rising at an alarming rate in India
In 2016, India witnessed 36.6 million data records being compromised according to a Gemalto research.
31 Mar 2017
Tamil NaduCorporates account for significantly higher NPAs than farmers
Indian banks have an estimated Rs. 6.8 lakh crore worth of Non-Performing Assets (NPAs), according to the Public Accounts Committee of the Parliament.
22 Mar 2017
Delhi PoliceDelhi: Four Bhondsi jail-mates in Limca Book of Records
The Limca Book of Records now features four inmates of the Bhondsi jail for installing 'Phoenix' (a prison-management software) in 11 prisons of Haryana.
20 Mar 2017
IndiaThere has been no data leak says McDonald's India
In a statement issued by McDonald's India (South and West), the firm vehemently denied that there was any data leak.
09 Mar 2017
HDFC BankGoing cashless costs money, debit card charges explained
There's been an increase in the digital transactions since Prime Minister Narendra Modi announced the demonetization of Rs. 500 and Rs. 1,000 notes last November.
