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State Bank of India News

State Bank of India

20 Nov 2024

Is Your SBI Account Inoperative? How To Activate It? Step By Step Process

How To Activate Your Inoperative SBI Savings/Current Account? Check full process here.

State Bank of India

14 Nov 2024

Bad News For SBI Customers: Bank Hikes Lending Rates; Home Loan, Personal Loan

The SBI has now increased the one-year MCLR by 0.05 per cent to 9 per cent effective from Friday.

13 Nov 2024

How To Change SBI Bank A/c From One Branch To Another Online – Steps Explained

SBI has made almost all its services online so that the customers do not have to go to the branch and do any work.

08 Nov 2024

SBI Q2 Net Profit Jumps 23 Pc To Rs 19,782 Crore

The consolidated net profit for the corresponding period last year stood at Rs 16,099 crore.

State Bank of India

09 Oct 2024

Standard Chartered India CEO Zarin Daruwala To Step Down In April 2025

The UK-based lender is currently undergoing a management reshuffle and restructuring some of its divisions.

State Bank of India

07 Oct 2024

MASSIVE Hiring In SBI; Bank To Recruit 10,000 New Employees, Open 600 Branches

The total staff strength of the SBI stood at 2,32,296 as of March 2024. Of this, 1,10,116 officers were on the rolls of the bank at the end of last fiscal.

State Bank of India

06 Oct 2024

SBI Plans To Increase Headcount By 10,000 This Financial Year

We are recruiting them for a variety of jobs in the technology side…So, in all, our current year requirement will be around 8,000 to 10,000 people.

SBI credit cards

05 Oct 2024

Bad News For SBI Credit Card Users: Bank To Hike Charges On THESE Transactions

State Bank of India is often called the banker of every Indian. The bank has more than 22,000 branches across India and is the largest public sector bank in the country. The bank also issues credit cards to its users through the SBI Cards. The bank has announced two major changes in its charges calculation method which will dent the pockets of the credit card users.

Abhishek Bachchan

05 Oct 2024

This Famous Bollywood Actor Earns Rs 1800000 Monthly From State Bank of India

Abhishek Bachchan, apart from being a successful actor has proven his business acumen through strategic investments. One such smart move is leasing his Juhu bungalow to the State Bank of India, earning him a hefty monthly rental income.

Reserve Bank of India

03 Oct 2024

RBI Unlikely To Cut Rate As India's Growth Higher Than Potential Output: SBI

While some may have expected the RBI to lower rates in light of global developments, the SBI report suggests that robust domestic growth and the need for sustained credit growth could prompt the central bank to hold rates steady in the near term.

State Bank of India

18 Sep 2024

State Bank of India Raises Rs 7,500 Cr Via Basel III Compliant Tier 2 Bond

The bonds are issued for a tenor of 15 years, with call option after 10 years and each anniversary dates thereafter and are rated AAA with stable outlook from CRISIL Ratings Limited and CARE Ratings Limited.

31 Aug 2024

New FASTag Design Targets Misuse Of Smaller Vehicle Tags On Larger Vehicles

On August 30, 2024, SBI introduced several new products. Among them is India's first MTS card, the MTS RuPay NCMC prepaid card.

State Bank of India

30 Aug 2024

THESE 5 Special FD Schemes With High Interest Rates Are Ending On September 30

Banks had earlier introduced the scheme for a select period to provide senior citizens and regular customers with a chance to get better returns on their investments.

29 Aug 2024

Mule A/c Used For Rs 175 Cr Fraud In Hyderabad SBI Branch; Mastermind In Dubai

Cyber Security Bureau has advised people to avoid opening a bank account for someone else or carrying out any dubious transactions stating that if you have already opened a mule account, report it to 1930 or cybercrime.gov.in.

State Bank of India

28 Aug 2024

State Bank of India Raises Rs 7,500 Through Basel III Compliant Tier 2 Bond

The bonds are issued for a tenor of 15 years, with call option after 10 years and each anniversary dates thereafter.

State Bank of India

19 Aug 2024

Decline In Bank Deposits Due To Non-uniform Tax Treatment THIS Reason

SBI attributed the fall in deposits to the varied rates of return offered by different investment options for similar time frames and different tax rates on returns on deposits.

State Bank of India

16 Aug 2024

Relief For SBI, PNB As Karnataka Puts Decision To Suspend Transaction On Hold

The circular added that the action was taken in response to the alleged fraud in the bank branches.

State Bank of India

15 Aug 2024

SBI Hikes Loan Interest Rates By 10 BPS Across All Tenors From THIS Date

SBI’s latest hike in its Marginal Cost of Funds Based Lending Rate (MCLR) comes shortly after the RBI kept the repo rate steady at 6.5 per cent.

State Bank of India

14 Aug 2024

Karnataka Opens Front Against SBI, PNB; Halts Transactions

The order also specifies that no further deposits should be made into SBI or PNB.

State Bank of India

03 Aug 2024

SBI Records Net Profit Of Rs 17,035 Cr With Increase In Operating Profit

The bank's Net Interest Income (NII) for Q1FY25 rose by 5.71 per cent YoY, reflecting improved interest earnings.

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