State Bank Of India
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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.
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SBI announces 3-month EMI moratorium. Check how it impacts your loan
Business | Apr 01, 2020, 03:06 PM ISTSBI 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 | Apr 01, 2020, 12:21 PM ISTAs 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.
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COVID-19 | Now manage your SBI account through the YONO SBI App: Here's how to download
Technology | Mar 28, 2020, 05:56 PM ISTYONO SBI is a technologically advanced app that lets you Bank, Shop, Travel, Pay Bills, Recharge, Invest, avail IRCTC ticket booking, use UPI to transfer money, book movie tickets.
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SBI reduces interest rate on fixed deposits; check new rates here
Business | Mar 28, 2020, 09:27 AM ISTThe State of Bank of India (SBI) has reduced interest on fixed deposits (FD) following RBI's decision to lower the repo rate by 75 basis points to 4.4% on Friday.
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More calibrated responses from govt expected as impact of COVID-19 unfolds: SBI Chief
Business | Mar 26, 2020, 06:28 PM ISTTerming the relief package as timely intervention, SBI Chairman Rajnish Kumar on Thursday said more calibrated responses in the coming weeks expected as the impact of pandemic COVID-19 unfolds.
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SBI sees drop in banking transcations during 21-day lockdown but most ATMs running
Business | Mar 25, 2020, 06:49 PM ISTThe nationwide lockdown due to coronavirus outbreak has led to a decline in banking transactions at SBI but customers are using online and digital modes as usual, a senior official of the state-run lender said.
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Coronavirus threat: SBI to provide basic services to customers in Telangana
Business | Mar 23, 2020, 09:17 PM ISTState Bank of India on Monday said it would provide essential and basic banking services with the minimum number of staff at the branches in Telangana, where a lockdown has been announced by the government to contain the spread of coronavirus.
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Coronavirus: SBI sets up quick response team for staff safety
Business | Mar 22, 2020, 03:58 PM ISTIn a bid to keep its staff motivated amid the coronavirus outbreak, the country's biggest lender State Bank of India (SBI) has set up a quick response team (QRT) to ensure the safety of its employees.
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Covid-19: SBI opens emergency credit line for borrowers
Business | Mar 21, 2020, 12:31 PM ISTAmid businesses getting affected due to the novel coronavirus pandemic, the country's largest lender State Bank of India has opened an emergency credit line to meet any liquidity mismatch for its borrowers.
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SBI to up Yes Bank stake to 49%, not to sell a single share before 3 yrs: Chairman
Business | Mar 17, 2020, 10:03 PM ISTState Bank chairman Rajnish Kumar on Tuesday said the country's largest lender that owns close to 43 per cent in Yes Bank now will not sell a single share before that mandated three-year lock-in period, and that he's, in fact, keen to approach the board for hiking the holding to 49 per cent.
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SBI Cards IPO lists at Rs 658, nearly 13% discount over its issue price; SBI share price tanks
Business | Mar 16, 2020, 11:04 AM ISTSBI Cards IPO Listing: Shares of SBI Cards and Payments (SBI Card) made a tepid debut at the exchanges on Monday, as the scrip got listed at Rs 658 on the BSE, a 12.85 per cent discount to its issue price of Rs 755.
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SBI Bank Alert! Your SBI Debit, Credit Card may get blocked after March 16
Business | Mar 16, 2020, 11:53 AM ISTSBI Debit, Credit card rule: From March 16, the State Bank of India (SBI) will automatically disable any contactless transactions of those debit and credit cards that have never been used for online transactions. RBI new rules will protect customers from misuse of debit and credit cards.
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SBI Cards IPO: Yes Bank customers' may not get SBI Card IPO shares allotment; Here's why
Business | Mar 12, 2020, 01:59 PM ISTSBI Cards IPO: Troubles for depositors' of crash-strapped Yes Bank has not ended yet as among many hits could be investors who have applied for SB Cards IPO. Investors who have applied for SBI Cards’ initial public offering (IPO) will be given an allotment of the shares with the condition.
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SBI Cards IPO: Allotment of SBI Cards IPO share announced; Simple steps to check status
Business | Mar 12, 2020, 11:46 AM ISTSBI Cards IPO Allotment: Investors who subscribed to the IPO of the SBI Cards and Payment Services and are keenly awaiting the allotment of shares, can check their share status. SBI Cards IPO was open for four days from March 2 and closed for subscription on 5 March 2020.
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SBI takes BIG decision: No minimum balance required for savings account
Business | Mar 11, 2020, 05:50 PM ISTSBI Customers Attention: SBI brought good news to millions of customers on Wednesday. In a big decision, India's largest public lender, the State Bank of India (SBI), has decided to bring relief to its savings account holders.
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SBI to own 245 cr shares worth Rs 2,450 cr in Yes Bank
Business | Mar 07, 2020, 07:34 PM ISTThe State Bank of India (SBI) on Saturday said it will be issued 245-crore shares at a price of Rs 10 each for Rs 2,450 crore in Yes Bank