State Bank Of India
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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.
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SBI home loans gets cheaper as bank cuts MCLR, effective from July 10
Business | Jul 08, 2020, 12:23 PM ISTState 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 | Jul 01, 2020, 12:17 PM ISTBanking 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 | Jun 29, 2020, 10:31 AM ISTFrom 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 | Jun 26, 2020, 03:16 PM ISTBank 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 | Jun 22, 2020, 03:23 PM ISTThe 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 | Jun 15, 2020, 11:39 PM ISTAfter 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 | Jun 08, 2020, 02:42 PM ISTAs 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 | Jun 05, 2020, 07:39 PM ISTShares 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 | Jun 01, 2020, 01:01 PM ISTAshwini 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, 02:56 PM ISTState 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, 02:53 PM ISTAs 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, 01:40 PM ISTIndia'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, 03:02 PM ISTState 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 | Apr 28, 2020, 02:59 PM ISTSBI 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 | Apr 24, 2020, 04:31 PM ISTBanking 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 | Apr 23, 2020, 10:50 PM ISTState 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 | Apr 07, 2020, 11:14 PM ISTIndia'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 | Apr 02, 2020, 08:31 AM ISTIn 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.