Photo: Business Line
SBI Says Rs 2,000 Deposit Increased Consumption
State Bank of India (SBI), in its latest report, has said that the withdrawal of Rs 2,000 banknotes would have a significant impact on deposits, credits and consumption. It said that consumer demand might be front-loaded by Rs 55,000 crores. The boost in consumption came amid the circulation withdrawal, of Rs 2,000 notes, which will still be a legal tender, in effect from September.
Tags: RBI Notice, Rs 2, 000 Notes, SBI, Consumer Consumption, Indian Economy
Courtesy: Business Today
Photo: India Today
Exchange Of Rs 2,000 Continues, SBI Collected Rs 17,000 Crore
The withdrawal of Rs 2,000 notes from circulation has been a ruckus for businessmen as they rush to banks for exchange. Despite a span of four months given by the Reserve Bank of India, the flow of money exchange continues. Notably, a considerable number of people are disposing of Rs. 2,000 notes. Furthermore, within a week, the State Bank of deposits and exchanged currency worth Rs 3,000 crore.
Tags: Bank, SBI, Indian Business, RBI, Rs 2000 Notes
Courtesy: The Free Press Journal
Photo: The Indian Express
SBI Confirms Revises Charges & Fees Of SBI Credit Card
State Bank of India Cards & Payment Services has revised the charges and fees of the SBI Credit Card. The new SBI Credit Card charges will be levied with effect from 17 March 2023. The company sent an email to all customers, regarding the same. From 17 March 2023, SBI Processing Fee will be revised from Rs 99 plus applicable taxes to Rs 199 plus applicable taxes, confirmed email.
Tags: SBI, Bank, Indian Customers, Revised Charges, email, Indian Banks
Courtesy: Zee News India
Photo: Economic Times
SBI Introduces New Policy, ATM Transactions Now Require OTP
State Bank of India (SBI) implemented a new policy to prevent fraudulent ATM transactions. To complete the transaction, SBI customers will now require to submit a one-time password (OTP) while withdrawing cash from ATMs. However, this applies to customers withdrawing Rs 10,000 or more in a single transaction. On December 26, 2019, SBI… read-more
Tags: SBI, ATM, cash withdrawal, new rule, One time password
Courtesy: India today
Photo: DigitNews
SBI Introduces WhatsApp Banking Service; Users Can Check Bank Account Balance
The State Bank of India (SBI) has begun offering WhatsApp Banking. For the time being, SBI members on WhatsApp may see their account balance and mini bank statements. Sending a "Hi" to the number +919022690226 will allow customers to access SBI WhatsApp Banking. Furthermore, the State Bank of India provides SBI Card WhatsApp connect, a service that is based on WhatsApp, to customers who use credit cards.
Tags: SBI, WhatsApp, bank balance, WhatsApp banking, Bank
Courtesy: India today
Photo: Zee News
SBI To Introduce WhatsApp-Based Banking
State Bank of India (SBI) will offer WhatsApp-based banking to its clients. SBI Chairman Dinesh Khara made the remark while introducing several retail initiatives. He stated intentions to establish an Application Programming Interface (API) banking service for aggregators and corporate clients. Customers using SBI credit cards can continue to use WhatsApp for some banking transactions. These include monitoring outstanding account balances,… read-more
Tags: SBI, WhatsApp, online banking, Application Programming Interface, Bank
Courtesy: DNA India
Photo: Reuters
SBI Releases List Of Job Openings, Check Last Date To Apply
The State Bank of India has shared a list of job openings for different posts across departments. The online registration and payment for application had already started on April 27. The process would continue till May 17. The online test would be most probably held on June 25. The candidates are supposed to apply online on the official SBI website by the last date.
Tags: recruitment, SBI, Job Vacancy, job opening
Courtesy: ANI
Photo: Economic Times
SBI Increases Lending Rate By 0.1% Across All Tenures
State Bank of India (SBI), being the country's largest money lender has increased its marginal cost of funds based lending rate (MCLR), on April 19. The rate has been increased by 10 basis points (bps), or simply 0.1% across all tenures. Eventually, it is believed that all lenders are likely to follow the revised lending rate, in the days to come. With this, the EMIs will now cost more.
Tags: SBI, Money Lending, LOAN, MCLR, Lending Rate
Courtesy: Press Trust Of India
Photo: The Financial Express
SBI Raises $500 Mn Through Syndicate Loan Facility
State Bank of India (SBI) reported to have raised 3-year funds of $500 million through a syndicate loan facility. This is the first time SBI has raised USD Secured Overnight Financing Rate (SOFR) linked syndicated loan, reported ANI. The funds were raised through its IFSC Gift City Branch, which also acts as "an international financial hub". JP Morgan, Bank of America and MUFG were joint lenders of the funding.
Tags: Syndicate Loan Facility, SBI, Offshore Loan, JP Morgan, SOFR
Courtesy: ANI
Photo: Devdiscourse
SBI General Insurance Joins Hands With Maharashtra Police To Support Scheme
SBI General Insurance associated with NGO Yashlok Welfare Foundation, took an initiative to support the 'Mrityunjay Doot' scheme implemented by the Maharashtra Highway Police Department. In addition, SBI General Insurance donated two fully-equipped ambulances and 800 Stretchers to Maharashtra Police. ''With this contribution, together with Maharashtra Highway Police, we aim to ensure Suraksha aur Bharosa on road journeys," stated MD and CEO… read-more
Tags: business, SBI, collaboration, Mrityunjay Doot scheme, Maharashtra Highway Police
Courtesy: ANI News
