Just like bank fixed deposits several companies/corporates and NBFCs also collect and deposit money for fixed tenure and give interest.
The prelims exam will be held on July 13. Download hall ticket at sbi.co.in
SBI will levy charges for cash withdrawal beyond four free transactions in a month from customers holding the basic savings bank deposit (BSBD) accounts.
Two persons were arrested for allegedly withdrawing Rs 97,500 from the bank account of BJP MP Sakshi Maharaj using fake cheques.
The RBI has barred MPs, MLAs and members of municipal corporations or other local bodies from holding the office of MD or whole-time director in urban cooperative banks.
The pan-India campaign to educate the general public about the essential rules and regulations will be launched in Hindi, Assamese, Bangla, Gujarati, Kannada, Malayalam, Marathi, Oriya, Punjabi, Sindhi, Tamil, Telugu and Urdu besides English.
Federal Bank on Saturday said it has provided 400-odd part-time jobs with a monthly salary of Rs 18,000 at its branches in Kerala so far.
The decision came a week after the RBI granted an "in principle" approval to Centrum Financial Services for setting up a small finance bank, thereby clearing the decks for the takeover of th crisis-hit PMC Bank by Centrum and BharatPe as equal partners.
The security guard deployed at the Bank of Baroda's Junction Road branch shot the customer, identified as Rajesh Kumar, a railway employee, in the leg.
A man was shot at by the bank security guard following an argument over the guard asking the former to wear a mask in Uttar Pradesh's Bareilly.
SBI has launched the Aarogyam Healthcare Business Loan to provide enhanced support to the healthcare sector in the country amid pandemic.
The CBI on Thursday carried out searches at six locations after registering a fresh case of fraud of Rs 2,435 crore in Yes Bank and other consortium banks against former Crompton Greaves chairman Gautam Thapar who is already under probe in more such cases, officials said.
The Central Bureau of Investigation (CBI) on Thursday registered a case against a Mumbai-based private company and its officials for causing an alleged loss of Rs 2435 crore to banks including the State Bank of India (SBI).
According to the agency, the latest sale proceeds take the total value of recovery to Rs 9,041.5 crore, or 40 per cent of the over Rs 22,000 crore allegedly defrauded by the trio.
The Reserve Bank of India on Wednesday imposed a total penalty of Rs 8 lakh on three Maharashtra-based co-operative banks for deficiencies in regulatory compliance.
According to reports, the government has picked CBI and IOB for divestment. The government is likely to amend the Banking Regulations Act and other related laws to facilitate the planned divestment.
Bank officials informed the police after they came to work on Monday morning. A case has been registered at Farsh Bazar police station, the police said.
The RBI said the penalties have been imposed due to deficiencies in regulatory compliance, and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
On June 18, Securities and Exchange Board of India (Sebi) had written a letter to the company asking it to ensure compliance before going ahead with the proposal.
It, however said that Swiss Authorities have been requested to provide the relevant facts along with their view on possible reasons for increase or decrease in deposits so that facts could be presented in correct perspective.
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