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Hyderabad: To woo retail borrowers amid the Diwali season, a slew of banks like Bank of Baroda, HDFC Bank, ICICI Bank, and State Bank of India (SBI) have announced loan offers for a limited period. While some slashed their home loan rates, others have waived processing fees on home and car loans. According to BankBazaar, […]
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A cashier in the State Bank of India's Ramapuram branch in Annamayya district has allegedly swindled over Rs 60 lakh by pledging fake gold and drawing the money through the accounts of his family members.
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Mumbai: India’s largest state-owned bank, State Bank of India (SBI) reported a marginal fall in net profit of 6.70 per cent year-on-year to Rs 6,068 crore on back of fall in operating profit. On sequential basis, the net profit fell 33.42 per cent. In the similar period last year, the bank had reported a net profit […]
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By Arun Sinha India’s two prominent economists — Arvind Panagariya, former vice-chairman of NITI Aayog and Columbia University professor, and Poonam Gupta, director-general of the National Council of Applied Economic Research (NCAER) and a member of the Prime Minister’s Economic Advisory Council (PMEAC) — have in a policy paper batted for privatisation of all public […]
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Hyderabad: The State Bank of India has frozen several accounts due to non-compliance with KYC (Know Your Customer) regulations. Several twitter users took to twitter to complain about the same by tagging the bank’s official ID. An SBI customer Gaurav Agarwal, tagged the official handle of the bank and said that his account services have […]
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Hyderabad: The Mahankali traffic police handed over a gold ornament which was lost by the owner on the road on Saturday. Ajith Bohra, a resident of Takshita Apartments in Mahankali had lost the gold bracelet weighing around 25 grams at SBI cross-roads under Mahankali traffic police station limits. Sub-inspector Sridhar Pothula, along with constable G […]
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Hyderabad: The State Bank of India (SBI) has urged its customers to link their Permanent Account Number (PAN) with an Aadhaar card before March 31. The bank issued the advisory to customers to ensure the mandatory task is completed so that banking services are not impacted. “We advise our customers to link their PAN with […]
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Mumbai: State Bank of India, the country’s largest lender, on Saturday said its net profit surged 62.27 per cent to Rs 8,432 crore in the third quarter of the current financial year when compared with the corresponding period of the previous year. The government-run lender’s profit in the third quarter of 2021-22 is the highest […]
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Hyderabad: State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), and ICICI Bank have announced changes in their banking system. These banking rules are regarding cheque payments, money transactions, fees applicable to various services, etc. SBI has hiked the limit on its Immediate Payment Service (IMPS) transactions. According to the bank, […]
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Mumbai: The country’s largest lender State Bank of India said on Tuesday it has decided to enhance the free IMPS online transactions limit to Rs 5 lakh from the Rs 2 lakh in order to encourage customers to adopt digital banking. SBI said in a statement that it will not levy any service charge on […]
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Hyderabad: SBI Foundation has associated with CSIR-Centre for Cellular and Molecular Biology (CCMB) to set up the SBI Foundation Centre of Excellence for Genomics Guided Pandemic Prevention to strengthen India’s genome sequencing capabilities. Dinesh Khara, chairman, SBI inaugurated the CoE and handed over a cheque of Rs 9.94 crore to Dr Vinay Kumar Nandicoori, director, […]
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New Delhi: Country’s largest lender State Bank of India (SBI) has increased benchmark lending rate or base rate by 0.1 per cent, a move that may be followed by other lenders. With the increase the revised base rate is 7.55 per cent, as per the information posted on SBI’s website. The new rate is effective […]
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Hyderabad: Professor Jayashankar Telangana State Agricultural University (PJTSAU) observed World Soil Day in collaboration with the State Bank of India, on Saturday. PJTSAU Vice-Chancellor Dr V Praveen Rao, in his address, said there is a need for a third agricultural revolution for optimum utilisation of modern emerging technologies such as Artificial Intelligence, Blockchain technologies, drones, […]
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Hyderabad: With the festival holiday preceding the second Saturday and Sunday, banks will be closed for three days on a trot from September 10 to 12. It will be prudent to plan your banking transactions keeping this in view. “There is no major deviance in the number of working days for the banks in Hyderabad. […]
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As announced on the bank’s Twitter handle, the ATM, inaugurated by SBI Chairman Dinesh Kumar Khara, will address the long-standing cash needs of the area.
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For retail depositors, the Bank is introducing ‘Platinum Term Deposits' to mark 75 years of independence.
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Reliance took a beating on the rankings as revenues dropped owing to the COVID-19 pandemic. This is its lowest ranking since 2017.
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A banker with three decades of experience in all facets of commercial banking, Amit joined SBI as probationary officer in 1991
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The penalties have been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1), of the Banking Regulation Act, 1949, as applicable.
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The research wing of New Delhi-based think tank CyberPeace Foundation, along with Autobot Infosec Pvt Ltd, studied two such incidents on the name of SBI.
