State Bank of India (SBI): News | Page 6

09 Mar 2018

Bharti Airtel

Sensex rebounds 274 points, Nifty above 10,200-mark, seeing opening gains

Snapping their six-day losing streak, stocks staged a strong comeback in early trade today, with BSE Sensex rebounding by 274 points and Nifty recapturing the 10,200-mark on fresh buying by domestic institutional investors.

03 Mar 2018


Delhi: Debit cards now accepted for all transport-related online services

Moving towards complete automation and digitization, the Transport Department of the Delhi Government has made debit cards acceptable in all online transactions related to its services.

SBI, PNB lending-rates hiked: Home and other loans get costlier

Two state-run lenders State Bank of India and Punjab National Bank raised their lending rates by up to 20 basis points, a move that will increase interest-rates on existing as well as home, auto loans, and personal loans.

01 Mar 2018


After raising interest rates, SBI hikes MCLR across various maturities

The SBI, India's largest public lender, has raised the one-year marginal cost-based lending rate (MCLR) from 7.95% to 8.15% across several maturities.

Debt-ridden Aircel to file for bankruptcy, exit market soon

It looks like Aircel is in deep water as it's soon going to file for bankruptcy at National Company Law Tribunal (NCLT), according to ET.

18 Feb 2018


Every four hours, one Indian banker gets caught for fraud

An analysis of data compiled by the Reserve Bank of India (RBI) has revealed that on an average, at least one in India is caught and punished for fraud every four hours.

01 Feb 2018


For the first time, credit cards for farmers, courtesy SBI

India's biggest public lender, the State Bank of India, is introducing special credit cards for farmers, probably the first such product for the community.

13 Jan 2018


These 12 banking apps are at risk

Last week, Quick Heal detected an Android Trojan stealing banking credentials from customers, following which several banks have issued advisories and warnings to customers about the risks.

07 Jan 2018


Will electoral bonds help cleanse political funding like Jaitley says?

Finance Minister Arun Jaitley has reiterated that the government is committed to transparency in political funding.

05 Jan 2018


SBI may cut down minimum account balance to Rs. 1,000

SBI is mulling slashing its minimum account balance (MAB) requirement. This comes days after the finance ministry reported SBI had earned Rs. 1,771cr from fines levied on non-maintenance of MAB during April-November'17.

02 Jan 2018


FinMin Arun Jaitley unveils electoral bonds for political funding

All political parties have been slammed for their manner of raising money. With the aim of cleaning this system, FM Arun Jaitley has provided details regarding "electoral bonds." They can be brought from SBI's specified branches.

02 Jan 2018


Digital India: Railways to soon launch its own debit card

In a major push towards cashless economy, Indian Railways will soon launch its own debit card in association with State Bank of India (SBI) and Indian Railway Catering and Tourism Corporation (IRCTC).

31 Dec 2017


How Artificial Intelligence will affect your life in 2018

According to Pricewaterhouse Coopers report, using different data sets to make predictions, including predictions for shopping, is currently the biggest focus of Artificial Intelligence (AI) globally.

27 Dec 2017


Cheque-books of six banks to be invalid from December 31

The chequebooks of six banks formerly associated to SBI will become invalid on December 31. The earlier deadline was September 30, which was extended.

27 Dec 2017

Reliance Jio

RCom to exit SDR, reduce debt by Rs. 39,000cr: Ambani

Anil Ambani-owned Reliance Communications has announced it would exit the ongoing Strategic Debt Restructuring (SDR) scheme of its lenders by selling its Rs. 25,000cr-worth telecom assets, including towers, spectrum and optical fiber by Mar'18.

26 Dec 2017


Government to NGOs: Open bank accounts before 21 January, 2018

In a bid to maintain transparency, the Ministry of Home Affairs has directed NGOs, businesses etc that receive foreign funding to open bank accounts within a month.

13 Dec 2017


Arundhati Bhattacharya sleeps on Baku Airport floor amid 19-hour delay

Former SBI chief Arundhati Bhattacharya was one of the dozens of Indians who reached Mumbai from London after a delay of about 24 hours.

12 Dec 2017


Bengaluru Central Prison inmates to get Aadhaar, bank accounts

Bengaluru's Parappana Agrahara prison is gearing up for a new project: issuing Aadhaar cards to its inmates.

08 Dec 2017


ICICI Bank customers can now open PPF-account sitting at home

India's largest private bank ICICI Bank has introduced a fully-digital service to enable its customers to open a Public Provident Fund (PPF) online.

07 Dec 2017


Parliament prepares to use food cards, as digital drive fails

After demonetization, efforts were made to promote the use of credit and debit cards in Parliament's four canteens. However, this drive failed to take off. Now, MPs and parliament staff might be given prepaid food cards to push for cashless transactions.

20 Nov 2017


SBI to integrate "Blockchain" for Smart Contracts, KYC next month

State Bank of India has announced that it would soon start using "Blockchain Technology" for its products.

19 Nov 2017

Aadhaar Card

SBI may block your account if you don't link Aadhaar!

If you have an account with State Bank of India, make sure you link Aadhaar number to it before 31 Dec'17, else the account will "cease to be operational".

14 Nov 2017

Aadhaar Card

After banks' objection, UIDAI relaxes Aadhaar enrolment rules

A month after the Indian Banks' Association (IBA) opposed UIDAI's directives to banks, Aadhaar's governing body has relaxed its policies a little.

05 Nov 2017


Air India selling flats worth Rs. 50cr to SBI: Sources

Even as the strategic sale of Air India (AI) proceeds, reports have emerged that it is in advanced talks with SBI for the sale of two residential properties.

02 Nov 2017


SBI cuts home loans to lowest in country

In a significant move, State Bank of India (SBI) has reduced home loan rates by 0.05% to 8.3%.

28 Oct 2017


Demonetization: Number of ATMs fall by 0.16% in rare trend

A new trend in ATMs shows how Indians are going for cashless payments, particularly after demonetization.

19 Oct 2017

West Bengal

Massive fire in Kolkata's Jeevan Sudha building

A massive fire broke out in Kolkata's iconic Jeevan Sudha building. The establishment houses important organizations like the SBI, LIC and more.

19 Oct 2017


Trade outlook for muhurat: How Nifty50 will move on Diwali

Minor cracks appeared in trade on Wednesday, practically the last trading day of the week; there's just a one-hour muhurat session on Thursday (Diwali) and Friday is a trading holiday.

16 Oct 2017


Jan Dhan helped people reduce drinking and smoking!

The Pradhan Mantri Jan Dhan Yojana, combined with demonetization, is having surprising but positive consequences: it is apparently motivating villagers to cut down on drinking and smoking!

04 Oct 2017


Rajnish Kumar named new SBI chairman

The government has named Rajnish Kumar as new chairman of State Bank of India, the country's biggest bank.

SBI Life Insurance's stock market debut; gains 5% on issue-price

SBI Life Insurance made a strong market debut as it got listed on stock exchanges.

26 Sep 2017


SBI reduces minimum balance limit to Rs. 3,000; reduces penalty

India's largest lender State Bank of India (SBI) has now brought down the monthly average balance (MAB) limit, for metros, on saving accounts from Rs. 5,000 to Rs. 3,000.

20 Sep 2017


Cheque books of six SBI subsidiary banks to become invalid

Cheque books and IFSC codes of six subsidiary banks of SBI would become invalid post September 30, the country's biggest public lender announced.

19 Sep 2017


SBI is now reviewing minimum balance charges for savings accounts

According to reports, India's largest lender State Bank of India (SBI) has informed that it will re-evaluate non-maintenance of monthly average balance (MAB) charges for certain categories of accounts.

18 Sep 2017


Google Tez UPI-based payments app: All you need to know

Google has finally launched its UPI-based payments app in India, called Tez. This standalone app can be used to pay bills, movie tickets and for other online transactions.

18 Sep 2017


Amid state-sponsored loan waivers, SBI proposes a one-time settlement scheme

State Bank of India (SBI) in a bid to address its massive outstanding from agricultural loans and 'inculcate a repayment culture' among farmers is attempting to lure farmers with a one-time settlement scheme (OTS).

18 Sep 2017


SBI will fund Aadhaar linkage costs, technology upkeep via penalty

According to reports, State Bank of India (SBI) will use the sum accrued from the penalty received via bank accounts that have failed to maintain a minimum balance, to cover the Aadhaar linkage costs.

12 Sep 2017


SBI Card to soon introduce cardless payments

Soon, SBI Card customers will be able to make payments by simply tapping their smartphones on swipe machines.

09 Sep 2017


NEFT, RTGS, UPI: Here's 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.

SBI Life Insurance's Rs. 8,500 crore IPO receives SEBI nod

According to reports, Securities and Exchange Board of India (SEBI) has given approval for the initial public offering (IPO) of SBI Life Insurance Co. Ltd, which is a joint venture between State Bank of India and BNP Paribas Cardif.

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