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  SBI home loans gets cheaper as bank cuts MCLR, effective from July 10

  Business | July 08, 2020 12:23 IST

  State Bank of India or SBI, the country's largest lender on Wednesday announced a reduction in its benchmark lending rates across shorter tenors. SBI said its marginal cost of funds-based lending rate (MCLR) will be reduced by 5-10 basis points (5-10 percentage point).

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  Attention Bank Customers! These banking services rules have changed from today. Details

  Business | July 01, 2020 12:17 IST

  Banking Services Rules Changes: In order to give people some relief due to COVID-19 pandemic, the government had relaxed some rules of financial services like transaction charges after exhausting free cash withdrawal limit on ATM, minimum account balance. The new banking services rules have set in from today.

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  SBI customer? Bank ATM cash withdrawal rules to change from July 1. Here's all you must know

  Business | June 29, 2020 10:31 IST

  From July 1, ATM transactions would become expensive for all SBI customers. ATM transaction fees were reduced for three months. This rebate was given for only three months, which will end on 30th June 2020.

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  New ATM Rules: Attention Debit Cardholders! Bank ATM cash withdrawal rules to change from July 1

  Business | June 26, 2020 15:16 IST

  Bank ATM New Rules: Many banking rules, including ATM cash withdrawal, are going to change from July 1. During lockdown, relaxations that were given to the people in banking related transactions, are going to be tightened, until there is no new announcement on the same.

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  SBI Alert: SBI Bank warns 2 million users of major cyber attacks in cities like Mumbai, Delhi

  Business | June 22, 2020 15:23 IST

  The State Bank of India (SBI), India's largest lender, has issued a warning for its users to beware of an imminent phishing attack (cyber attack). The Indian Computer Emergency Response Team (CERT-In) on Sunday had warned that in a major phishing attack, millions of Indians could be targeted by fake emails, social media posts or texts messages, which promises free Covid-19 testing across India.

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  SBI Card launches video based KYC feature. Know how to use

  Personal Finance | June 15, 2020 23:39 IST

  After several other banks introduced a video-based customer identification process last one month, SBI Card on Monday announced the launch of Video Know Your Customer (VKYC) feature to ensure zero contact, hassle-free customer onboarding process.

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  Prolonged growth slowdown likely to hit India's external sector: SBI report

  Business | June 08, 2020 14:42 IST

  As per SBI's research Ecowrap report, India is likely to end the current fiscal with current account surplus, if the oil prices in the international market remain subdued and do not show volatility during the course of the financial year.

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  State Bank shares surge 9 per cent; m-cap jumps Rs 12,272 crore

  Business | June 05, 2020 19:39 IST

  Shares of State Bank of India on Friday zoomed nearly 9 per cent after the company posted over four-fold jump in standalone net profit for March 2020 quarter.

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  Who is Ashwini Bhatia - frontrunner for State Bank of India's next MD

  Business | June 01, 2020 13:01 IST

  Ashwini Bhatia has emerged as the frontrunner for the post of State Bank of India's managing director. Bhatia name for next SBI MD was recommended by the Banks Board Bureau (BBB) on Saturday. The Banks Board Bureau was formed by Prime Minister Modi in 2016 and acts as a headhunter for state-owned banks and financial institutions.

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  Are you SBI cardholder? Bank says follow these 10 safety tips to prevent ATM fraud

  Personal Finance | May 13, 2020 14:56 IST

  State Bank of India (SBI), India's largest lender and several other banks have warned their account holders about of fraud cases like online banking fraud, cloning, phishing, UPI fraud and others along with banking tips. On Tuesday, SBI again shared tips of safe banking practices with its customers.

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  SBI Alert! Bank says ATM card holders will get refund for cloning fraud, shares safety mantra

  Business | May 12, 2020 14:53 IST

  As a caution and safety measure for customers, SBI has also advised the account holders to change the ATM PIN at regular intervals, cover ATM/POS keypad while entering the PIN, memorize the security transaction number rather than writing it down on the card or anywhere else.

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  Coronavirus in West Bengal: SBI shuts Kolkata office after employee tests COVID-19 positive

  India | May 08, 2020 13:40 IST

  India's largest bank the State Bank of India (SBI) has shut down a section of its Local Head Office (LHO) in Kolkata after an employee tested positive for COVID-19. The employee is associated with the Liability Centralised Processing Centre located at the 'E' wing of the LHO.

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  Attention! SBI warns customers of fake income tax refund messages, says do this

  Business | May 05, 2020 15:02 IST

  State Bank of India (SBI), India's largest lender has cautioned its customers about fake income tax refund messages. The bank took to its Twitter handle to alert its customers about the fraud messages.

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  SBI Bank Alert! State Bank of India asks customers to follow these 6 tips while banking online

  Business | April 28, 2020 14:59 IST

  SBI online banking: State Bank of India (SBI) has asked its customers to follow some important tips while banking online. The Bank sent a mail to its customers titled, 'A letter for your safety' lays out six important tips that customers must follow while banking online.

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  Banking declared as public utility service for 6 months. What it means for bank employees

  Business | April 24, 2020 16:31 IST

  Banking declared utility service: Employees of all public sector banks including the State Bank of India and some major private banks including HDFC, ICICI, Axis, StanChart and HSBC - who are part of IBA- will come under the ambit. The order effectively means the banking sector will not see any strikes by employees or officers during the period.

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  SBI to disburse Rs 700 cr to Mumbai circle MSMEs by June-end

  Business | April 23, 2020 22:50 IST

  State Bank of India (SBI), the country's largest lender, has set a target of disbursing Rs 700 crore to MSMEs in the Mumbai circle by the end of June, to help them tide over liquidity crisis due to the COVID-19 lockdown. 

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  Jolt to SBI account holders: Bank reduces interest rate on savings account

  Business | April 07, 2020 23:14 IST

  India's largest bank, the State Bank of India took a decision on Tuesday that is likely to impact crores of its customers across the country. The bank reduced interest rates on savings accounts on Tuesday.

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  SBI to HDFC: List of PSUs & private lenders offering loan EMIs moratorium for 3-month

  Business | April 02, 2020 8:31 IST

  In a massive relief for borrowers, several public sector banks - SBI Bank, PNB, Union Bank and private lenders - HDFC, ICICI Bank, announced 3-month moratorium on term loans, ruling in the directions by the Reserve Bank of India.

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  SBI announces 3-month EMI moratorium. Check how it impacts your loan

  Business | April 01, 2020 15:06 IST

  SBI Loan Moratorium: State Bank of India (SBI), India's largest lender has good news for its customers, amid coronavirus crisis. SBI Bank has announced all its term loan borrowers a three-month moratorium for its customers under the terms of a COVID 19- RBI package announced on Friday. We bring to you complete details of SBI EMI moratorium.

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  BIG BANK MERGER: 10 public sector banks turn into 4. Key points bank customers must know

  Business | April 01, 2020 12:21 IST

  As novel coronavirus pandemic that has impacted our economy, there was a dilemma if the merger would be postponed for some time or not , the Reserve Bank of India cleared the air that the merger of 10 PSUs will still take place on the set date i.e. April 1, 2020.