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Electoral Bonds to be available from November 1: SBI

Electoral Bonds to be available from November 1

Electoral Bonds to be available from November 1 . State Bank of India (SBI) in the sixth phase of sale has been authorised to issue and encash Electoral Bonds through its 29 authorised Branches with effect from November 01 to 10.  The Central Government had notified the Electoral Bond Scheme 2018 vide a Gazette Notification

SBI announces special loan for repair, renovation of homes in Kerala

SBI announces special loan for repair, renovation of homes in Kerala

SBI announces special loan for repair, renovation of homes in Kerala. The State Bank of India (SBI) on Monday announced special term loan for repair and renovation of homes to help the flood affected citizens of Kerala. As part of this scheme, the bank offers loan of upto Rs 10 lakh at a reduced interest

SBI, PNB put 15 NPAs worth Rs 1,063 cr for sale

SBI, PNB put 15 NPAs worth Rs 1,063 cr for sale

SBI, PNB put 15 NPAs worth Rs 1,063 cr for sale . Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale. Both the banks said they will conduct the e-auction on 20th of this month. SBI has put

Cheque books invalid

Attention! These banks to declare their cheque books invalid in new year

Cheque books invalid: Cheque books of account holders of SBI Associate banks that include Bharatiya Mahila Bank, State Bank of Patiala, State Bank of Mysore, State Bank of Bikaner and Jaipur, State Bank of Raipur, State Bank of Travancore, and State Bank of Hyderabad will not work post December 31.The bank further asked the account

Limited space for further cut in lending rate: SBI chief

Limited space for further cut in lending rate: SBI chief

Cut lending rate: State Bank of India Chairman Rajnish Kumar today said that there is limited space for further easing of the lending rate. It seems so, he said in reply to a question if the rate cut cycle is over for now. “If you look at the bond yields, they have gone up in

SBI reduces interest rates on home and vehicle loans

SBI reduces interest rates on home and vehicle loans

SBI reduces interest rates on home and vehicle loans. India’s largest lender State Bank of India (SBI) on Thursday announced reduction of interest rates on home and automobile loans by five basis points (bps).In a statement issued here the bank said, it has reduced home loan interest rates to 8.30 per cent.Similarly, automobile loan is

SBI commits major blunder, credits Rs 100 crore to wrong account

The State Bank of India (SBI) committed a major blunder recently when they credited an amount of 100 crores to a wrong account. Between August 5 and September 19, the amount remained in the wrong account because of negligence of a SBI official. SBI commits major blunder. Actually, the bank was supposed to credit an amount

Andhra Bank cuts interest rate on savings account to 3.5%

Andhra Bank cuts interest rate on savings account to 3.5%

Andhra Bank cuts interest rate on savings account to 3.5%. Public Sector Undertaking (PSU) lender Andhra Bank lowered interest rate on its savings bank account to 3.5 per cent in line with market competition. Deposits up to Rs 50 lakh will now attract 3.5 per cent interest rate from 4 per cent, Andhra Bank said

PNB to charge after 5 free ATM transactions

New Delhi: PNB ATM : Bank to charge fee after 5 free transactions.  PNB has imposed extra charges if ATM transaction exceeds the limit of 5. Customers have to pay charges to if their transaction limit exceeds 5 times. It can be said that the bank will impose fine for using ATM after beyond the

Pathankot SBI ATM catches fire in Madhopur Daily

ATM catches fire in Madhopur

Pathankot SBI ATM catches fire. A fire incident occurred at State bank of India’s ATM located at Madhopur road in Miltary sector Pathankot.  According to the information, electronic accessories and batteries placed in ATM burnt to ashes. However shopkeepers controlled the fire after some time. One of the shopkeepers Buta Ram informed that ATM’s air conditioner

Consumer forum fines SBI for ignoring customer's problem

Consumer forum fines SBI for ignoring customer’s problem

Consumer forum fines SBI for ignoring customer’s problem. Now, if you do not get money from ATMs, it would be considered as lack of service on part of bank, due to which it can also be penalized. In a similar case, Consumer Forum imposed a fine of Rs 2,500 on State Bank of India after

RBI includes HDFC Bank in 'too big to fail' list

RBI includes HDFC Bank in ‘too big to fail’ list

RBI includes HDFC Bank in ‘too big to fail’ list. RBI today included HDFC Bank in the list of ‘too big to fail’ lenders, referred to as D-SIB or domestic systemically important bank. India’s largest lender SBI and private sector major ICICI Bank were classified as D-SIBs in 2015.With the inclusion of HDFC Bank in

SBI offers free credit card to its customers

SBI offers free credit card to its customers

New Delhi: If you are thinking of getting a credit card and your mind got diverted due to the less annual fee and salary change, then you have a good chance now. State Bank of India (SBI) is providing free credit card to its account holders with the name of Unnati. No annual fee will

fiscal deficit 92% full year target

April-July fiscal deficit at 92% of full year target

New Delhi: fiscal deficit 92 percent full year target. India’s April-July fiscal deficit stood at 92.4 per cent of the full year budget target, government data showed here on Thursday.The data furnished by the Comptroller General of Accounts, showed that April-July fiscal deficit stood at Rs 5.05 lakh crore of the budget

SBI Q1 net profit surges 436% post merger

SBI Q1 net profit surges 436% per cent post merger

Mumbai, SBI Q1 net profit surges 436% post merger. Lending major State Bank of India (SBI) on Friday reported an exponential rise of 436 per cent in net profit to Rs 2,006 crore during the first quarter (Q1) that ended on June 30. According to SBI, its net profit increased from Rs 374 crore during

said public banks received 81,309 complaints about working style in 2016-17, of which 77,291 were dispose

5,076 cases of active banking fraud, 76 banks report

For all the Latest news download Daily Post news app:- Click For Android Click For IOS NEW DELHI: A combined 5,076 cases of active banking frauds involving Rs 1 lakh or more causing losses of Rs 16,78,853 lakh were reported by 76 banks during 2016-17, Parliament was informed today. In a written reply to the Rajya Sabha,

Indian bowler Umesh Yadav gets job as RBI Assistant Manager

Indian bowler Umesh Yadav gets job as RBI assistant manager

For all the Latest news download Daily Post news app:- Click For Android Click For IOS Once an aspiration, today a reality. Tilak Yadav aspired for a well settled government job for his youngest son and today he finally stands as a proud father whose progeny now actually has one. An integral part of the

RBI latest guidelines on General saving accounts

RBI latest guidelines on General saving accounts

RBI latest guidelines General saving accounts. According to the information available on the SBI website, the fund has been divided into four parts – the Metro, urban (urban), semi-urban, rural (rural) and the amount under the monthly average balance (average monthly balance). That is, if you live in Kanpur, then the fee fixed by the bank

Bank employee unions threaten strike August 22 mergers

Bank employee unions threaten strike on August 22

Bank employee unions threaten strike on August 22. An umbrella body of nine unions, UFBU has also asked the government not to increase service charges in the name of GST. Goods and Service Tax (GST) has raised tax from 15% to 18% for all services offered by banks.Employees of public sector banks have threatened to go

sbi-chief-salary

SBI chief’s salary zilch compared to counterparts in pvt banks

SBI, one of the world’s 50 largest banks, pays only a small fraction to its top management as compared to private sector players like ICICI Bank and HDFC Bank. Former RBI governor Raghuram Rajan had flagged the low remuneration issue last August saying it makes difficult for state-owned banks to “attract top talent, especially a