Nitin Chugh

Photo: Business Standard

SBI Appoints Nitin Chugh As DMD, Digital Head

State Bank of India (SBI) appointed Nitin Chugh as its Deputy Managing Director (DMD) and Head of the Digital Banking vertical for the tenure of three years on March 6. Before joining SBI, Chugh was the CEO and managing director of Ujjivan Small Finance Bank. As per reports, he would be responsible for developing the business plans for imparting digital knowledge/skills in a constructive and collaborative way.

Sun, 06 Mar 2022 - 11:49 AM / by Shaloo Priya

Tags: business, SBI, appoints, Nitin Chugh, DMD

Courtesy: The Economic Times

State Bank of India

Photo: The Mint

SBI Employee Shot Dead By 2 Unidentified Person: Mumbai

Two unidentified men shot a contractual employee of the State Bank of India (SBI,) Dahisar branch, Mumbai on December 29. Pravind Padwal, the Additional CP of North region confirmed the same and informed that both accused collected Rs 2.5 lakh from the cashier and fled away. " A total of eight teams have been constituted to search for them," Padwal said.  In addition, a further investigation is underway. 

Thu, 30 Dec 2021 - 12:04 PM / by Madhvi Jha

Tags: Mumbai, SBI, Shot Dead, ACP, Dahisar Branch

Courtesy: ANI

Rahul Gandhi.

Photo: Patrika

Rahul Gandhi Alleges Corruption Of Rs 254 Cr In Jan Dhan Accounts

Citing a media report, Congress leader Rahul Gandhi attacked the BJP government alleging corruption in the transfer of money in Jan Dhan accounts on Twitter on November 22. The report stated the State Bank of India charged Rs 17.70 from each account holder and collected a total of Rs 254 crore between 2017 and September 2020. ''Who is responsible for keeping the accounts of these monies?,'' tweeted Rahul. 

Mon, 22 Nov 2021 - 03:45 PM / by Brijesh Goswami

Tags: Jan Dhan accounts, SBI, Centre, Congress, corruption

Courtesy: ANI

HDFC to offer Home Loans at 6.7% this festive season!

Photo: Mint

HDFC To Offer Home Loans At 6.7% This Festive Season

Renu Sud Karnad, Managing Director of HDFC Ltd in a press release announced a close-ended scheme on all new home loan applications starting from September 20 to October 31 as part of a festive offer. The scheme can be availed based on the borrower's credit score. The interest rates charged will be as low as 6.7% regardless of the loan amount or employment category.

Tue, 21 Sep 2021 - 07:35 PM / by Muskan Arora

Tags: HDFC BANK, Home Loan, Interest Rates, PNB, SBI

Courtesy: Money Control

Uttar Bihar Gramin Bank

Photo: AIPL

Bank Accounts Of 2 Boys Get Mistakenly Credited With Rs 900 Crores: Bihar

Bank accounts of two minors in Bihar have been mistakenly credited with Rs. 900 crores. The Branch Manager of Uttar Bihar Gramin Bank took notice of the unusual transaction and immediately stopped the withdrawals from the respective accounts. While Vishwas's account had Rs 60 crores, Asit Kumar's account had Rs 900 Crores. The investigation has begun, and senior bank officials are informed. 

Thu, 16 Sep 2021 - 05:46 PM / by Muskan Arora

Tags: Bihar Gramin Banks, Bihar, SBI, Fraud

Courtesy: Hindustan Times

Fugitive businessman Vijay Mallya.

Photo: The Free Press Journal

Mallya's Property Sold In Mumbai For Rs 52 Crore

The debt recovery tribunal (DRT) managed to recover Rs 52.25 crore in Mumbai by selling fugitive Vijay Mallya's Kingfisher House to a Hyderbad-based Saturn Realtors. The recovery from the house, which was valued at Rs 150 crore, will go to the lenders who already retrieved Rs 7,250 crore by auctioning shares of Mallya. Besides, during the auction period in November 2019, the house failed to attract buyers repetitively eight times.

Sat, 14 Aug 2021 - 03:18 PM / by Brijesh Goswami

Tags: Kingfisher House, Vijay Mallya, Mumbai, SBI, Loan Fraud

Courtesy: The Indian Express

Fugitive Indian businessman Vijay Mallya.

Photo: Kalinga TV

Banks To Recover Vijay Mallya's Debt After UK Declares Him 'Bankrupt'

In the latest development, a UK court has declared the fugitive Vijay Mallya as 'bankrupt' on July 26. The decision will help the State Bank of India-led consortium of banks to recover their debt by freezing the assets owned by Mallya's Kingfisher Airlines. Notably, Mallya is accused of not paying back Rs 9,000 crores to the banks, and is currently out on bail, living in the UK.

Tue, 27 Jul 2021 - 10:45 AM / by Brijesh Goswami

Tags: Fugitive, UK Court, Businessman, Bankrupt, SBI

Courtesy: Zee News

Vijay Mallya

Photo: Bing

Bank Consortium Extracts Rs 792.11 Cr By Liquidating Mallya's Assets

According to Enforcement Directorate (ED), the SBI-led consortium extracted Rs 13,100 crore by liquidating the assets of Vijay Mallya, Nirav Modi, and Mehul Choksi. Out of the total recovered assets, Mallya's assets stand at Rs 792.11 crore. Reportedly, the assets were confiscated under the Prevention of Money Laundering Act (PMLA). The three businessmen allegedly defrauded various PSBs by extorting money through their companies.

Sat, 17 Jul 2021 - 02:40 PM / by Manashaa Ganesan

Tags: Consortium, SBI, Vijay Mallya, nirav modi, Mehul Choksi

Courtesy: The Economic Times

RBI imposes fine on 14 banks for not complying under the Banking Regulation Act, 1949.

Photo: India Today

RBI Imposes Fine Of Rs 50 Lakh - Rs 2 Crore On 14 Banks

The Reserve Bank of India on July 6 imposed a monetary penalty on 14 Banks, considering the deficiencies in regulatory compliance under the Banking Regulation Act, 1949. However, the highest penalty of Rs 2 crore was imposed on the Bank of Baroda, whereas the lowest of Rs 50 lakh was imposed on SBI. Besides, the other 12 banks have to pay Rs 1 crore to the RBI. 

Thu, 08 Jul 2021 - 04:10 PM / by Brijesh Goswami

Tags: RBI, penalty, Indian Banks, SBI, Banking Regulations act

Courtesy: Zee Business

SBI

Photo: The Statesman

SBI Apprentice Recruitment 2021: 6,100 Positions Open

SBI has posted 6,100 positions across India on July 6 for the recruitment of apprentices. The applicants can browse through their official website to apply. The last date for application is July 26. Interested candidates should be between 20-28 years of age as on October 31, 2020. The exam will be tentatively held on August 2021. 

Wed, 07 Jul 2021 - 05:25 PM / by Sahil Quadir

Tags: SBI, Apprenticeship, recruitment, ONLINE APPLICATION

Courtesy: Zee News