State Bank Of India
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Home loan EMIs set to reduce as SBI announces up to 25 bps cut on rates
Business | Oct 21, 2020, 01:23 PM ISTSBI's customers would get an interest concession of 25 bps on a home loan of above Rs 75 lakh, based on their CIBIL score and if they are applying through YONO, the lender's digital lending platform.
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SBI online banking services down due to connectivity issues; ATMs, POS machines working
Business | Oct 13, 2020, 01:23 PM ISTThe online banking services of State Bank of India (SBI) have been hit by connectivity issues, the bank informed in a tweet on Tuesday. However, the bank added that the ATMs and point of sale (POS) machine services are functional.
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SBI looking to hive off Yono into separate subsidiary, says Rajnish Kumar
Business | Oct 06, 2020, 08:18 AM ISTThe country's largest lender State Bank of India is actively looking to hive off its digital platform Yono into a separate subsidiary, its chairman Rajnish Kumar said.
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SBI Festive Offers: Bank waives processing fee on loans; offers special benefits on home, auto loans
Business | Sep 28, 2020, 02:52 PM ISTIndia's largest bank has announced a 100% waiver in the processing fee for all customers applying for car, gold, and personal loan through YONO. SBI is offering the lowest interest rate starting from 7.5% to customers opting for the car loan. They will also get 100% on-road finance on select models.
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SBI offering loan moratorium for up to 2 years: Who all can apply, eligibility, all you need to know
Fyi | Sep 22, 2020, 09:50 PM ISTState Bank of India (SBI) is now offering loan moratorium to its customers for upto 2 years under its loan restructuring scheme. The bank has also launched a facility on its website to help retail customers check their eligibility for one-time loan restructuring announced by the RBI.
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Rate cuts have not spurred investment; credit growth slow this year: SBI Chairman
Business | Sep 22, 2020, 03:04 PM ISTState Bank of India chairman Rajnish Kumar on Tuesday said that interest rate cuts had not led to an increase in investment, despite the banks passing on the rate cuts to the customers.
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SBI launches new e-facility on website for restructuring of retail loans: All you need to know
Business | Sep 21, 2020, 09:49 PM ISTThe country's largest lender State Bank of India (SBI) on Monday said it has launched a facility on its website to help retail customers check their eligibility for one-time loan restructuring announced by the RBI.
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SBI issues new guidelines for OTP-based ATM withdrawal facility: All you need to know
Business | Sep 15, 2020, 09:09 PM ISTThe State Bank of India (SBI) has announced new guidelines on cash withdrawal by its customers having OTP based ATM cards. SBI has extened the time for the OTP-based cash withdrawal from its ATMs.
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SBI launches VRS scheme for its bank employees. Check eligibility, benefits
Business | Sep 07, 2020, 09:00 AM ISTSBI VRS scheme 2020: In a bid to optimise its costs, India’s largest bank, State Bank of India (SBI) has launched a voluntary retirement scheme (VRS) under which about 30,190 employees are eligible.
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Equity indices head downwards, metal and banking stocks drag
News | Sep 04, 2020, 10:13 PM ISTEquity benchmark indices extended early losses on September 04 and closed the week with deep cuts across all sectors.
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Banks Board Bureau recommends Dinesh Kumar Khara as next SBI chairman, Challa Setty on reserve list
Business | Aug 28, 2020, 09:53 PM ISTThe Banks Board Bureau (BBB) has recommended Dinesh Kumar Khara for the post of Chairman in the State Bank of India (SBI) and Challa Sreenivasulu Setty as the candidate on the Reserve list for the chairman post, BBB said in a statement.
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SBI, PNB, BoB may go for share sale this fiscal
Business | Aug 23, 2020, 05:46 PM ISTQualified Institutional Placement (QIP) would be the most preferred way and public sector banks are likely to take a call on taking this route after finalisation of their second quarter results, merchant banking sources said.
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SBI loan fraud: MP-based company booked
Business | Aug 22, 2020, 11:02 PM ISTThe factory and registered office of the company in Morena, residences of Garg and another director Saurabh Garg and its office at Barakhamba Road, New Delhi were searched by the agency on Friday, they said.
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SBI Alert! Insufficient balance? Here's how much bank will charge for failed ATM transaction
Business | Aug 17, 2020, 11:13 AM ISTState Bank of India (SBI), India's largest public sector bank has revised its ATM withdrawal rules with effect from 1 July. According to State Bank of India (SBI) official website i.e. sbi.co.in, in metro cities, SBI allows 8 free transactions to its regular savings account holders to transact in a month. Beyond this, customers are charged on each transaction.
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SBI's profit surges 81 per cent to Rs 4,189 crore in Q1, bad loans decline
Business | Jul 31, 2020, 02:28 PM ISTSBI (State Bank of India) on Friday posted an 81 per cent spike in standalone net profit at Rs 4,189.34 crore for the first quarter of current fiscal as bad loans declined. The lender had reported a net profit of Rs 2,312.02 crore in the April-June quarter of 2019-20.
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SBI Recruitment 2020: Graduates can apply for 3,850 Circle Based Officer posts. Details
Career | Jul 28, 2020, 11:01 AM ISTSBI CBO Recruitment 2020: The State Bank of India (SBI) has started the online registration process for recruitment at 3,850 vacancies at the post of circle-based officer at its official website-sbi.co.in. The application process will close on August 16, 2020.
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SBI PensionSeva: SBI bank launches Pension Seva website; Check its benefits, registration process
Business | Jul 26, 2020, 02:54 PM ISTSBI PensionSeva: State Bank of India (SBI), India's largest lender has launched SBI PensionSeva – dedicatedly for its pensioners (other than staff pensioners), who have their pension account in the bank. SBI PensionSeva website is simple to use and would benefit the general public pensioners immensely.
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ATM transactions at SBI have come down to 30 per cent: Chairman Rajnish Kumar
Business | Jul 23, 2020, 09:23 AM ISTState Bank of India Chairman Rajnish Kumar on Wednesday said banks and financial institutions need to make enough investment in technology upgradation for survival in this era of digital banking. Observing that the country has made rapid strides as far as adoption of digital technology is concerned, Kumar said as a result, India has the maximum number of mobile and internet banking users in the world.
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SBI to go for cost cutting, workforce reskilling: Chairman Rajnish Kumar
Business | Jul 14, 2020, 03:54 PM ISTSpeaking at the 65th Annual General Meeting (AGM), Chairman Rajnish Kumar said: "The focus while going forward will be on cost reduction, rationalisation, and reskilling of workforce, improving staff productivity, and redeployment of workforce from admin offices to sales roles."
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Money Heist: A full-fledged SBI Branch in Tamil Nadu's Cuddalore turns out to be fake
India | Jul 11, 2020, 08:23 PM ISTA fake State Bank of India (SBI) branch has been exposed and busted in Tamil Nadu's Cuddalore district. The fake branch had reportedly been operating for about three months before their deception was finally unmasked.