State Bank of India

Tips for SBI account holders: Here’s how to stay safe and what to do in case of banking frauds

State Bank of India (SBI) has tweeted a video on safe tips to protect customers from fraudulent transactions.

Jul 20, 2020, 10:53 AM IST

Man held for opening ‘duplicate’ SBI bank branch in Tamil Nadu

An alleged attempt by a 19-year-old man to "open a branch of the State Bank of India" at Panruti near here was scuttled and he was arrested for forgery, police said here on Saturday.

Jul 12, 2020, 09:28 AM IST

SBI customer warning! 2 million users may be at risk of phishing attacks in these cities

The alert came after the government on June 20 warned of a major upcoming phishing attack which promises free Covid-19 testing across India. 

Jun 29, 2020, 11:58 AM IST

SBI looking for CFO, annual package up to Rs 1 crore, three times more than bank Chairman’s CTC

The SBI chairman Rajnish Kumar was Rs 29.5 lakh in 2018-19, an SBI annual report had said.

Jun 11, 2020, 10:14 AM IST

Home loan to get cheaper as SBI to cut MCLR by 25 bps from June 10

This is the thirteenth consecutive reduction in the bank's MCLR.

Jun 09, 2020, 09:21 AM IST

SBI Q4 net profit jumps four-fold to Rs 3,581 crore

The country's largest lender clocked a net profit of Rs 838.44 crore in January-March period of 2018-19.

Jun 05, 2020, 16:23 PM IST

Vijay Mallya likely to be extradited to India

The 'good times' is almost over for Vijay Mallya, absconding business tycoon is set to be extradited to India.

Jun 04, 2020, 08:22 AM IST

SBI, ICICI Bank cut savings deposit rates – Check new rates

SBI has reduced its savings deposit interest rates to 2.70 per cent across all slabs from May 31, according to its website.

Jun 03, 2020, 09:23 AM IST

Banks are ready to finance but there are no takers for bankable loans: SBI Chairman Rajnish Kumar

Rajnish Kumar said that the corporate sector should not expect much from the government but have to be self-reliant or "atmanirbhar", given the fiscal position of the government. 

Jun 03, 2020, 01:04 AM IST

SBI customers get relief on loan accounts; moratorium extended by another 3 months amid COVID-19 lockdown

The SBI has also simplified the process of stopping the EMIs by initiating an SMS communication to nearly 85 lakh eligible borrowers asking about their consent to stop EMIs.

May 27, 2020, 19:05 PM IST

SBI cuts benchmark lending rate by 15 bps, introduces special deposit scheme for senior citizens

This is the twelfth consecutive reduction in the bank’s MCLR, the bank added.

May 07, 2020, 16:16 PM IST

Jet Airways lenders panel holds meeting to assist grounded airline

The cash-strapped airline, which was grounded in April 2019, owes more than Rs 8,000 crore to banks, with public sector lenders having significant exposure.

May 06, 2020, 22:45 PM IST

SBI cuts MCLR by 35 bps by April 10; less EMI on 30-year loan amount

The one-year MCLR comes down to 7.40 per cent per annum from 7.75 per cent per with effect from April 10, 2020, it said, adding that the one-year tenor is the benchmark against which most of the consumer loans are priced.

Apr 07, 2020, 19:52 PM IST

Yes Bank resumes banking services as Reserve Bank of India lifts moratorium

Yes Bank also issued a statement, “Our banking services are now operational. Customers can now experience the full suite of our services.”

Mar 18, 2020, 19:18 PM IST

Yes Bank to resume banking services from March 18 evening as govt notifies reconstruction plan

Yes Bank has posted a net loss of Rs 18,654 crore for the third quarter ended December 31 due to huge provisioning for bad loans.

Mar 16, 2020, 22:28 PM IST

Yes Bank crisis: Moratorium will be lifted 3 days after notifying RBI's revival scheme, says FM Nirmala Sitharaman

The Finance Minister said, "State Bank of India (SBI) will invest up to 49 per cent of the equity. Other investors are also being invited."

Mar 13, 2020, 16:41 PM IST

State Bank of India waives off average monthly balance for savings accounts

The SBI has also waived of SMS charges. This move by the bank will bring significant relief to all the customers of the bank. The bank has also rationalised interest rate on SB Account to a flat 3 per cent p.a. for all buckets.

Mar 11, 2020, 17:41 PM IST

Yes Bank depositors need not worry, their money is safe, says FM Nirmala Sitharaman

The RBI has capped withdrawals from Yes Bank at Rs 50,000 till April 3, 2020, and imposed strict limits on operations after the cash-starved lender faced "regular outflow of liquidity" after an effort to raise new capital failed. 

Mar 06, 2020, 13:55 PM IST

Yes Bank shares plummet 85%; market valuation drops by Rs 5,432 crore

On the BSE, the scrip sank 84.93 per cent to Rs 5.55-- its 52-week low -- as investors deserted the counter. It plummeted 84.64 per cent to Rs 5.65 -- its one year low -- on the NSE.

Mar 06, 2020, 13:30 PM IST

RBI moratorium on Yes Bank credit negative: Moody's Investors Service

Moody's said it expects Indian authorities will take steps to prevent the weakness in the bank's viability from significantly impacting its depositors and senior creditors.

Mar 06, 2020, 13:13 PM IST