State Bank Of India
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Lok Sabha passes bill approving merger of associate banks with SBI
Aug 10, 2017, 06:58 PM ISTThe Lok Sabha passed the bill to repeal the SBI (Subsidiary Banks) Act 1959, State Bank of Hyderabad Act 1956 and to further amend the State Bank of India Act, 1955, following the merger of five associates with the parent SBI.
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After IMPS, SBI now cuts NEFT, RTGS charges by 75 pc
Jul 13, 2017, 01:38 PM ISTEarlier on Wednesday, the bank had waived charges for fund transfer of up to Rs 1,000 through IMPS (Immediate Payment Service) to promote small transactions.
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SBI cuts home loan interest rates by 10 bps for credit above Rs 75 lakh
Jun 09, 2017, 06:03 PM ISTThe new rates will be effective from June 15, 2017. For women borrowers, the revised interest rates will be 8.55 per cent whereas for others, the rate will be 8.60 per cent.
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Secure Cloud services paramount to data security: SBI
Jun 01, 2017, 03:08 PM ISTCloud is now being looked as a panacea for all cyber security-related issue.
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SBI’s revised service charges kick in from today: 6 transactions that get costlier
Jun 01, 2017, 12:31 PM ISTThe new norms restrict the number of free ATM transactions from SBI ATMs, while also introducing fresh charges on electronic fund transfers, exchange of soiled notes and issue of cheque books and debit cards
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Basic expenses of merger will be behind us, says SBI Chairman Arundhati Bhattacharya
May 19, 2017, 08:05 PM ISTAccording to Arundhati Bhattacharya, the biggest thing that was done just after the quarter was merger of its five associates and Bhartiya Mahila Bank with it.
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SBI cuts home loan rate by 25 bps to 8.35 pc for credits up to Rs 30 lakh
May 08, 2017, 03:38 PM ISTThe new rate will be effective from tomorrow, the bank said, adding that eligible borrowers can also avail an interest subsidy of Rs 2.67 lakh under ‘Pradhan Mantri Awas Yojana’.
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Cheque payment of credit card dues up to Rs 2000 to attract Rs 100 charge: SBI Card
Apr 18, 2017, 06:52 PM ISTThe additional amount of Rs 100, however, is only applicable on transactions up to Rs 2,000 and anything above that will attract no fee, the SBI Card said in a statement.
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No spike in bad loans after merger, says SBI chief Arundhati Bhattacharya
Apr 04, 2017, 11:57 AM ISTThe merger has catapulted the country’s largest lender in the league of top 50 banks globally with assets worth Rs 37 trillion and customer base of 370 million.
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Merger to result in reducing cost of running operations: SBI
Apr 03, 2017, 06:49 PM ISTWith the merger, SBI has become one of the top 50 global banks.
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SBI cuts base rate by 15 bps with effect from April 1
Apr 03, 2017, 05:14 PM ISTThe new rates are effective from April 1, 2017. Earlier, the base rate stood at 9.25 per cent.
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2,800 employees of SBI's associate banks opt for VRS
Apr 03, 2017, 03:39 PM IST"So far, only 2,800 employees (from associate banks) have opted for VRS. The scheme is open till April 5," Bhattacharya told reporters here today.
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Post merger with five associates, SBI opens as one bank from today
Apr 03, 2017, 11:49 AM ISTHaving merged with five associate banks, the State Bank of India today opened as one bank with 500 million customers.
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SBI merges operations with associates, BMB; joins league of world’s top 50 banks
National | Apr 01, 2017, 07:34 PM ISTSBI today merged its operations with five of its associates and the Bharatiya Mahila Bank, making the country’s largest lender one of the top 50 banks in the world.
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SBI may cut workforce by nearly 10 pc post-merger with six entities, says MD Rajnish Kumar
Mar 28, 2017, 10:19 AM ISTAccording to a top official, the total workforce may see a reduction over the next two years, after the merger with six entities, owing to attrition, reduced hiring and digitisation.
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SBI to shut down 47 pc of associate banks' offices post-merger
Mar 21, 2017, 04:11 PM ISTBranches of all five associate banks, which are merging with parent and the country's largest lender State Bank of (SBI), will begin functioning as SBI branches from April 1.
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SBI announces penalty for non-maintenance of minimum balance from April 1
Mar 04, 2017, 07:54 AM ISTThe State Bank of India (SBI), country's largest bank, has made it mandatory for account-holders to maintain a minimum balance from April 1 onwards. The bank on Friday said that if anyone fails to adhere to the rule, he/she will be fined as per the n
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SBI beats estimates, reports 71 pc jump in Q3 profit to Rs 2,152 cr
Feb 10, 2017, 03:03 PM ISTThe country’s largest public lender, the State Bank of India (SBI), today reported a 71 per cent jump in net profit in the third quarter of the fiscal (October to December), making it the first rise in five quarters. The bank registered a net profit
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SBI calls for raising income tax exemption limits in Budget
Jan 24, 2017, 11:37 AM ISTThe State Bank of India (SBI) has called for raising various income tax exemption limits in the upcoming General Budget to boost economic growth.
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Demonetisation effect: SBI slashes bulk deposit rates by up to 1.9 pc
Nov 24, 2016, 10:25 AM ISTWith the huge influx of cash following demonetisation drive of Narendra Modi government, SBI on Wednesday slashed bulk deposit rates by up to 1.9 per cent taking advantage of the surge in deposits following demonetisation.