Tag: State Bank Of India
16 Results
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Post merger, SBI begins operations as unified entity
The State Bank of India (SBI), the country's largest lender, started functioning as unified entity from Saturday post merger of its five associate banks, besides Bharatiya Mahila Bank. The five associate banks merged with the SBI are State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala …
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April 1, 2017 -
SBI may reduce workforce by nearly 10% by 2019, says MD Rajnish Kumar
The total workforce of the country's largest lender — State Bank of India (SBI) — will see a reduction over the next two years, after the merger with six entities, owing to attrition, reduced hiring and digitisation, a top official said. "Manpower will go down with the period of time. Around 10 per cent reduction …
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March 26, 2017 -
SBI, German Development Bank KfW sign $274 m agreement
Country's largest lender State Bank of India on Friday said it has signed an agreement with German KfW Development Bank for $274 million (Rs.1,800 crore) loan facility to finance affordable housing segment in the country. With its focus on housing loans for economically weaker sections (EWS) and lower income group (LIG) households, the facility is …
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March 10, 2017 -
SBI, German Development Bank KfW sign $274 m agreement
Country's largest lender State Bank of India on Friday said it has signed an agreement with German KfW Development Bank for $274 million (Rs.1,800 crore) loan facility to finance affordable housing segment in the country. With its focus on housing loans for economically weaker sections (EWS) and lower income group (LIG) households, the facility is …
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March 10, 2017 -
SBI to charge for breach of minimum balance from April
After a gap of five years, State Bank of India has decided to reintroduce penalty on non-maintenance of minimum balance in accounts from April 1, and revised charges on other services, including ATMs. The country's largest bank will permit savings bank account holders to deposit cash three times a month free of charges and levy …
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March 5, 2017 -
Govt taking steps to curb fake notes
The recent episode of Rs.2,000 fake currency notes dispensed from a State Bank of India ATM in south Delhi has upset the government. Santosh Gangwar, Minister of State for Finance, said on Thursday, "The government is taking measures to control fake currency generation. Some people are trying to create problems in the country. We will be able …
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February 23, 2017 -
Govt taking steps to curb fake notes
The recent episode of Rs.2,000 fake currency notes dispensed from a State Bank of India ATM in south Delhi has upset the government. Santosh Gangwar, Minister of State for Finance, said on Thursday, "The government is taking measures to control fake currency generation. Some people are trying to create problems in the country. We will be able …
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February 23, 2017 -
No wage issue in merger of associate banks: SBI chief
On the heels of the Cabinet approval for the merger into State Bank of India (SBI) of its five associate banks, the public lender on Thursday said there are no wage-related issues with the employees in the process. "No wage-related issues right now. They can retain what they receive at this point of time or …
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February 16, 2017 -
Shut down SBI branches till cash flow improves, says trade union
State Bank of India (SBI) can shut down its branches till the supply of cash gets normalised and staff are not put to risk to face the ire of banking public, a top union leader said. "We have suggested to the SBI management to down the branch shutters till the supply of cash gets normalised. …
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January 12, 2017 -
Shut down SBI branches till cash flow improves, says trade union
State Bank of India (SBI) can shut down its branches till the supply of cash gets normalised and staff are not put to risk to face the ire of banking public, a top union leader said. "We have suggested to the SBI management to down the branch shutters till the supply of cash gets normalised. …
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January 12, 2017 -
Demonetisation has pushed credit growth to historic low: SBI Report
Demonetisation has pushed the banks' credit growth to historic lows and the rate cuts by banks may result in a rebound at least in the housing sector, a State Bank of India (SBI) report said on Thursday. "The low credit growth is a matter of concern, as the fortnightly data of all scheduled commercial banks …
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January 5, 2017 -
Centre moots cashless society for Odisha
The Centre on Saturday asked the public sector banks including SBI to push for a cashless society and popularise use of debit cards in Odisha by taking assistance of Nehru Yuva Kendra (NYK) and Common Service Centres (CSCs). The direction in this regard was issued by Union Minister of State for Petroleum and Natural Gas …
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November 26, 2016 -
Centre moots cashless society for Odisha
The Centre on Saturday asked the public sector banks including SBI to push for a cashless society and popularise use of debit cards in Odisha by taking assistance of Nehru Yuva Kendra (NYK) and Common Service Centres (CSCs). The direction in this regard was issued by Union Minister of State for Petroleum and Natural Gas …
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November 26, 2016 -
SBI’s ‘demonetisation deposits’ swell to Rs.75,945 cr
The total value of cash withdrawals during the period under review was Rs.7,705 crore from 103.09 lakh transactions.
November 13, 2016 -
SBI records steep fall in Q2 profits
India’s largest bank State Bank of India (SBI) on Friday said it closed the second quarter of the current fiscal with a lower net profit of Rs.2,538.32 crore. In a regulatory filing in the Bombay Stock Exchange, the bank said it has posted a net profit of Rs.2,538.32 crore for the quarter ended September 30, …
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November 11, 2016 -
SBI records steep fall in Q2 profits
India’s largest bank State Bank of India (SBI) on Friday said it closed the second quarter of the current fiscal with a lower net profit of Rs.2,538.32 crore. In a regulatory filing in the Bombay Stock Exchange, the bank said it has posted a net profit of Rs.2,538.32 crore for the quarter ended September 30, …
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November 11, 2016