2-day bank strike starts, transactions to be affected
Employees of several state-owned banks including the State Bank of India (SBI) have gone on a two-day strike starting today. Continue Reading
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Chennai SBI ATMs heist: Kingpin arrested
A special team of Chennai police has arrested the kingpin of a gang involved in a series of thefts at various State Bank of India (SBI) ATMs in Tamilnadu. This comes after three members of the gang falling in police net in the last one week. Continue Reading
SBI invests in Cashfree
State Bank of India (SBI) has invested an undisclosed amount in Bengaluru-based Cashfree, the digital payments firm said in a statement. Continue Reading
SBI Q4 profit shoots up as bad loans dip
he country’s largest lender SBI on Friday reported an 80 per cent surge in standalone net profit at Rs 6.450.75 crore for the fourth quarter ended March 2021, aided by decline in bad loans. Continue Reading
Shocking details about India’s second wave
India is witnessing an increase in the daily new cases of Covid-19 since February, clearly indicating a second wave, a report by the State Bank of India (SBI) said. The second wave may last up to 100 days, when counted from 15 February, it said. Continue Reading
Banks may be shut for next four days
Bank branches across the country may be shut for the next 4 consecutive days due to strike and other bank holidays. Continue Reading
Credit growth had been slow this year: SBI chief
State Bank of India chairman Rajnish Kumar on Tuesday said that interest rate cuts had not led to an increase in investment, despite the banks passing on the rate cuts to the customers. Continue Reading
SEBI fines SBI, LIC & BoB
The Securities and Exchange Board of India (SEBI) on Friday imposed penalties of Rs 10 lakh each on the State Bank of India (SBI), the Life Insurance Corp of India (LIC) and the Bank of Baroda (BoB) for violation of its mutual fund regulations. Continue Reading
Chilling details about fake SBI branch in Cuddalore
Two days after the arrest of a gang which ran a fake State Bank of India branch in Cuddalore district, startling revelations are being made about their motive and modus operandi. Continue Reading
90% borrowers didn’t avail moratorium, SBI tells SC
State Bank of India has informed the Supreme Court that 90 per cent of borrowers did not avail the moratorium till 31 August on repayment of loans through EMI. Continue Reading