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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.
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The incident came to light when the bank noticed that money was being debited repeatedly from its account.
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Project was kickstarted to ground 500 micro enterprises led by businesswomen by inculcating digital literacy and financial inclusion with SBI handing over the letters
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SBI has more than 45 crore customers and has reached great heights with the support of customers
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SBI said it will charge Rs 15 plus GST per cash withdrawal for transaction at bank branches, SBI ATM or from other bank's ATMs beyond 4 free cash withdrawals.
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Four others, Mankena Laxma Reddy, Kongala Linga Reddy, Bomma Anwesh and Kade Jeevan are still at large
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The e-auction for these two accounts will take place on July 7, 2021.
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Loans range from Rs 25,000 to Rs 5 lakh at 8.5 per cent. No collateral is required, loan term is 60 months.
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Cashfree provides payments solutions platform enabling growing businesses in India and abroad to accept and disburse payment online through a single integration.
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Speaking on the occasion, the Finance Minister lauded the bank’s role in extending loans to government-funded bank-linkage schemes
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Cyberabad module will have four regional business offices with around 180 branches.
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Official data released on Monday said the economy grew at faster than expected at 1.6 per cent for the fourth quarter of FY21, resulting in a contraction of 7.3 per cent for the entire fiscal.
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The PSB will be providing loan under the Emergency Credit Line Guarantee Scheme (ECLGS).
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Bank is extending support to identified organizations who are setting up makeshift hospitals/ COVID-19 care centres.
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State Bank of India (SBI) has developed a 'nowcasting model' with 41 high-frequency indicators associated with industry activity, service activity, and global economy.
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During the quarter under review, net interest income rose 19 per cent to Rs 27,067 crore, from Rs 22,767 crore in the same period a year ago.
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The company's market valuation zoomed Rs 14,771.17 crore to Rs 3,57,966.17 crore on the BSE.
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Heavy Metal has outstanding dues of Rs 116.91 crore to the bank, Khare and Tarkunde owes Rs 99.84 crore and Elize International Rs 18.57 crore.
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SBI dedicated Rs 30 crore to set up 1,000 bed makeshift hospitals, 250 bed ICU facilities and 1,000 bed isolation facilities across some of the worst-hit States