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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 Special Judge for CBI cases, Hyderabad sentenced a former assistant general manager of State Bank of India and his wife to a jail term and imposed a fine on them for cheating a company and misappropriating funds in 2012. According to a CBI release, GVJ Mohan Kumar, the then Assistant General Manager, State […]
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Hyderabad: It’s a running joke in India about how difficult it is to work at State Bank of India (SBI) branches during lunchtime. It turns out that the same phenomenon occurs abroad as well, as a man finds the bank closed during its lunch hour in London. A twitter user Abhay who is studying at […]
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Hyderabad: A teenager played online games using his mother and grandfather’s money without their knowledge and lost Rs. 36 lakhs over a period of time. The teenager, a resident of Amberpet in the city, had downloaded a free fire gaming app on his grandfather’s mobile phone a few months ago. As he had access to […]
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Hyderabad: The Punjagutta police have booked a case against Sivanta Pharma Company and its partners T Ashish Goud and Thouti Sumanth on charges of cheating the State Bank of India of Rs.2.5 crore. Ashish Goud is the son of Bharatiya Janata Party leader Nandeshwar Goud. According to the police, the bank manager in his complaint […]
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Hyderabad: The real estate in Hyderabad and its surroundings is flourishing with every passing day, said bankers at the SBI Mega Property Show organised by the State Bank of India. The two-day show that commenced on Saturday brought together a host of prominent builders, home buyers and bankers on one platform, and was inaugurated by […]
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Mahabubnagar: With just a month left for closure of current financial year, District Collector S Venkat Rao wanted the bank managements to achieve the targets set for extension of loans to farmers. The Collector held a conference with bankers, MPDOs and Tahsildars on Friday to review the loans sanctioned to farmers during the current financial […]
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Hyderabad: The State Bank of India (SBI) is inviting applications for 48 Specialist Cadre Officer (SCO) vacancies. The application process began on February 5 and the last date is February 25. The interested and eligible candidates can apply for the same on the official website of SBI. For the post of Assistant Manager (Network Security […]
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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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Sangareddy: In a shocking incident, some unidentified miscreants broke open the shutter of the State Bank of India branch in Jogipet town and attempted to steal the ATM machine inside. When they failed in their bid, the miscreants set the ATM machine on fire to open it and steal cash from it. But, they did […]
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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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Kothagudem: Burglars broke into the State Bank of India branch at Laxminagaram branch in Dummugudem mandal in the district in the early hours of Wednesday and made away with Rs 19 lakh cash. The branch manager Sampath Kumar, who found the bank looted after opening it for the day’s business, alerted the police. Bhadrachalam ASP, […]
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Hyderabad: State Bank of India (SBI) Hyderabad Circle organised Cycling and Walking for their staff at PV Gnan Bhoomi, Necklace Road, as part of ‘Azadi Ka Amrit Mahotsav’ celebrations under the theme of ‘Fit India Freedom Run 2.0’. The staff members participated in large numbers in the event. Earlier, during the fortnight, the bank had […]
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Amit Jhingran, Chief General Manager of SBI hoisted the tricolour at their Local Head Office, Koti
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Hyderabad: Hyderabad coach Anirudh Singh struck 172 as State Bank of India posted 318 in 86.3 overs against Jai Hanuman on the second day of the three-day A-1 Division cricket league match on Wednesday. Jai Hanuman had made 277 in their first innings. Brief scores Group A: SCRSA 97 in 52.2 overs & 170/8 in […]
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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.
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The incident came to light when the bank noticed that money was being debited repeatedly from its capital account
