Tue, Oct 03, 2017
SBI Life, which is a subsidiary of State Bank of India, had raised up to Rs 8,400 crore via IPO (initial public offer). Its three-day IPO was oversubscribed by 3.58 times.
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Thu, Sep 28, 2017
The new home loan 'Cashback', offers borrowers the benefit of 1% cashback on every EMI, for the entire tenure of the loan.
Mon, Sep 25, 2017
State Bank of India also decided to treat the metro and urban centres in the same category and the requirement of MAB in metro centres stands reduced to Rs 3000 from Rs 5000 earlier.
Wed, Mar 29, 2017
The board of SBI earlier approved the merge plan under which SBBJ shareholders will get 28 shares of SBI (Re 1 each) for every 10 shares (Rs 10 each) held.
Sun, Mar 26, 2017
In hallmark style, the banker swiftly set out to remake India's second-largest private-sector bank into the digital spot for anything money-related, it said.
Kumar said the bank will continue with its policy of branch expansion, and the associate bank branches will be merged.
Sat, Mar 25, 2017
It is alleged that the four former bank officials and six persons, including a chartered accountant and a builder, committed the fraud in the bank`s two branches in Jaipur and Udaipur in Rajasthan.
The executive committee of the central board of SBI fixed March 17 as the record date for determining the eligible minority shareholder of SBBJ, SBM and SBT.
The Reserve Bank of India (RBI) has asked all agency banks -- all public sector banks and some private banks -- to remain open on all days between March 25 and April 1.
The bank also said it would explore the possibility of diluting 8 percent of its stake in SBI Life Insurance through IPO offer, out of total 10 per cent offer for sale.
Wed, Mar 22, 2017
Along with a huge corpus, the merger will also bring a quarter of all outstanding loans in the banking sector to SBI.
Mon, Mar 20, 2017
The government on Monday said it has decided to merge the Bharatiya Mahila Bank (BMB) with the State Bank of India (SBI) to ensure greater banking services outreach to more women.
Sun, Mar 19, 2017
Venkatachalam said the reason for signing the MoU is understandable and AIBEA is ready for it.
Earlier this week, Jaitley had said the RBI has set up an Oversight Committee to look into process of the cases referred to it by the different banks.
Sat, Mar 18, 2017
The opposition on Thursday demanded an apology to the farmers failing which they threatened to move a notice of breach of privilege against the SBI chief.
Tue, Mar 14, 2017
This is not the first time India's largest bank has given chance to its customers to repay loan via OTS route.
Sun, Mar 12, 2017
The data provided by RBI to the Finance Ministry also revealed the involvement of bank staffs in fraud cases.
Sat, Mar 11, 2017
She said the new subsidiary will have 400 dedicated officials to handle premises and real estate related jobs.
The report also said the overall business climate should improve with the medium-term positive effects of demonetisation starting to gain traction.
Tue, Mar 07, 2017
SBI has also imposed restrictions on withdrawals of cash from its branches as well as ATMs.
Sun, Mar 05, 2017
The charges and MAB varies according to the location of bank. It is minimum in case of rural branches.
Fri, Mar 03, 2017
Axis Bank said that five transactions or Rs 10 lakh, whichever is earlier, for cash deposits or withdrawals are free.
Tue, Feb 28, 2017
The Economic Survey 2016-17 has suggested the establishment of a "bad bank" to deal with the non-performing assets (NPA) or bad loan issue.
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![Traders term banks' cash transaction fee as "financial terrorism"](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2017/03/03/15293-rupee9-reuters.JPG?itok=fSUtN0nC&c=242c97de361aa73f3fb77a96f2e14cbc "Traders term banks' cash transaction fee as "financial terrorism"")
