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Jet Airways pilots appeal to SBI for funds

Mumbai Jet Airways pilots body, the National Aviator’s Guild, Monday appealed the State Bank of India (SBI) to release Rs 1,500 crore, which was proposed to be infused in the ailing carrier as part of a debt-restructuring plan last month.The airline is operating just 6-7 planes, with almost its entire fleet being grounded due to

First Bank Women's Staff Bathinda

State Bank of India reduces daily cash withdrawal limit

State Bank of India reduces daily cash withdrawal limit. State Bank of India (SBI) has reduced the per day cash withdrawal limit for all Classic and Maestro Debit Cards holders from Rs 40,000 to Rs 20,000 with effect from Wednesday. “Daily Cash withdrawal limits for Classic and Maestro Debit Cards reduced from Rs 40,000 to

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

Indian Army chooses SBI as its banker

Indian Army chooses SBI as its banker

New Delhi, July 12 (IANS) The Indian Army on Thursday joined hands with the State bank of India (SBI) on the Defence Salary Package, which will include free personal accident death and total disability cover.“A number of additional facilities have been incorporated in the revised Memorandum of Understanding (MoU) which includes free personal accident death

Banks must establish ground rules, says SBI Chairman

Banks must establish ground rules, says SBI Chairman

Banks must establish ground rules, says SBI Chairman. State Bank of India (SBI) chairman Rajnish Kumar said there is a need for certain ground rules to be established by all member banks in a consortium, keeping in mind the larger interest.”It shouldn’t happen that anyone- either lenders who have bigger exposure impose their will or

Sensex closes after biggest intra-day record high in almost 1.5 yrs

The markets during the closing on Monday posted its biggest intra-day gain in approximately 1.5 years, with the Sensex up 610.80 points at 33917.94. Nifty, on the other hand traded up 194.50 points at 10421.40, at the close of day.  Sensex saw the biggest one-day gain in last 17 months, while Nifty recorded its biggest single-day gain in 22 months.

Sensex recovers 260 points, Nifty above 10,500-mark

Sensex recovers 260 points, Nifty above 10,500-mark

Sensex recovers 260 points, Nifty above 10,500-mark:Stocks staged a strong comeback in early trade with the BSE Sensex gaining over 260 points and the Nifty recaputuring the 10,500-level on continued buying by domestic funds ahead of inflation data to be released after market hours today.Asian markets were also trading in the green after a late-day

Electoral Bonds to be available from November 1: SBI

SBI reports Rs 2,416 cr loss in Q3

SBI reports loss of Rs. 2,416 crore in the third quarter of the current fiscal, attributed to lower trading income on account of hardening of bond yields, higher corporate slippages leading to higher loan loss provisions and significant investment depreciation hit. As per the results released by the state-owned lender, operating profits declined by 18.38 percent, from Rs.14,401 crore

SBI to raise over Rs 12K cr through overseas bonds

The State Bank of India (SBI) on Monday said it will raise over Rs 12,600 crore ($2 billion) by issuing bonds in dollar or other convertible currencies. “The executive committee of the Central Board has approved long term fund raising in single/multiple tranches up to $2 billion,” the state-run bank informed in a regulatory filing to

New chairman SBI Rajnish kumar, replaces Arundhati Bhattacharya

New chairman SBI Rajnish kumar, replaces Arundhati Bhattacharya

New chairman SBI Rajnish kumar: Rajnish Kumar has been appointed as the new Chairman of largest Public sector bank, the State Bank of India (SBI), replacing Arundhati Bhattacharya, who completes her one year extended term on Friday. Rajnish, who is now the Managing Director of SBI, faces the daunting task of addressing the issue of

Trial run of Nagpur metro conducted

Trial run of Nagpur metro conducted

The trial run of Nagpur Metro Rail, popularly called Majhi Metro, was formally inaugurated on the auspicious occasion of Dussehra. Maharashtra Chief Minister Devendra Fadnavis and Union Minister for Road Transport & Highways Nitin Gadkari flagged off the trial run of Nagpur Metro Rail.The run was conducted from Chinchbhuvan to the New Airport, covering a

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

Cheque book of six banks will be invaild from Sept 30

Cheque book of six banks will be invalid from Sept 30

Cheque book of six banks will be invalid from Sept 30. State Bank of India is largest public sector bank. There is a big news for subscribers of SBI subsidiary banks. The cheque of these banks will be invalid after 30 September.So if you are also the bank account holder of these bank, then just

Pay Electricity Bill through RTGS with SBI: Powercom

Pay Electricity Bill through RTGS with SBI: Powercom

Pay Electricity Bill through RTGS with SBI: Powercom. Patiala: It is not possible to do any work without electricity in present time. Due to which the electricity consumption is increasing day by day. Electricity bills are increased by its consumption. For which Powercom started another facility for its consumers. With this, All types of electricity

Debt Would Be Recovered By Insulting Defaulter Farmers

Debt Would Be Recovered By Insulting Defaulter Farmers!

After the announcement of Punjab Chief Minister Captain Amarinder Singh to waive bank and Aratiya’s loan of the farmers and now farmers would not be inclined to pay the bank loans. Although the Congress government has not waived the debt, but now it is going to be very costly for farmers to become defaulters. In

Over 1 crore PANs linked to Aadhaar in June, those not linked remain valid for now

More than one crore permanent account numbers (PAN) have been linked with the 12 digit unique Aadhaar in the past month, taking the total number of linkages to 7.4 crore so far — up from 6.2 crore in the first week of June. Sources, however, said of the 25 crore existing PANs, more than 10

SBI to charge for ATM withdrawals via e-wallets

State Bank of India (SBI) has enabled withdrawal of cash from ATMs using its mobile wallet SBI Buddy, but each of these transactions can cost you Rs 25 and Rs 3.50 service tax.Even those customers who use the mobile wallet to deposit or withdraw money from a business correspondent (BC) will now have to pay

brexit

Brexit to offer better market access to India: SBI chief 

Mumbai: Brexit will provide the country better market access to the EU and England, even as there will be some market volatility, State Bank of India Chairperson Arundhati Bhattacharya today said. “As risk aversion sets in, there would be a decline in financial markets and India would see this impact along with other nations. But