SBI PensionSeva: State Bank of India (SBI), India's largest lender has launched SBI PensionSeva – dedicatedly for its pensioners (other than staff pensioners), who have their pension account in the bank. SBI PensionSeva website is simple to use and would benefit the general public pensioners immensely.
State Bank of India Chairman Rajnish Kumar on Wednesday said banks and financial institutions need to make enough investment in technology upgradation for survival in this era of digital banking. Observing that the country has made rapid strides as far as adoption of digital technology is concerned, Kumar said as a result, India has the maximum number of mobile and internet banking users in the world.
Speaking at the 65th Annual General Meeting (AGM), Chairman Rajnish Kumar said: "The focus while going forward will be on cost reduction, rationalisation, and reskilling of workforce, improving staff productivity, and redeployment of workforce from admin offices to sales roles."
A fake State Bank of India (SBI) branch has been exposed and busted in Tamil Nadu's Cuddalore district. The fake branch had reportedly been operating for about three months before their deception was finally unmasked.
State Bank of India or SBI, the country's largest lender on Wednesday announced a reduction in its benchmark lending rates across shorter tenors. SBI said its marginal cost of funds-based lending rate (MCLR) will be reduced by 5-10 basis points (5-10 percentage point).
Banking Services Rules Changes: In order to give people some relief due to COVID-19 pandemic, the government had relaxed some rules of financial services like transaction charges after exhausting free cash withdrawal limit on ATM, minimum account balance. The new banking services rules have set in from today.
From July 1, ATM transactions would become expensive for all SBI customers. ATM transaction fees were reduced for three months. This rebate was given for only three months, which will end on 30th June 2020.
Bank ATM New Rules: Many banking rules, including ATM cash withdrawal, are going to change from July 1. During lockdown, relaxations that were given to the people in banking related transactions, are going to be tightened, until there is no new announcement on the same.
The State Bank of India (SBI), India's largest lender, has issued a warning for its users to beware of an imminent phishing attack (cyber attack). The Indian Computer Emergency Response Team (CERT-In) on Sunday had warned that in a major phishing attack, millions of Indians could be targeted by fake emails, social media posts or texts messages, which promises free Covid-19 testing across India.
After several other banks introduced a video-based customer identification process last one month, SBI Card on Monday announced the launch of Video Know Your Customer (VKYC) feature to ensure zero contact, hassle-free customer onboarding process.
As per SBI's research Ecowrap report, India is likely to end the current fiscal with current account surplus, if the oil prices in the international market remain subdued and do not show volatility during the course of the financial year.
Shares of State Bank of India on Friday zoomed nearly 9 per cent after the company posted over four-fold jump in standalone net profit for March 2020 quarter.
Ashwini Bhatia has emerged as the frontrunner for the post of State Bank of India's managing director. Bhatia name for next SBI MD was recommended by the Banks Board Bureau (BBB) on Saturday. The Banks Board Bureau was formed by Prime Minister Modi in 2016 and acts as a headhunter for state-owned banks and financial institutions.
State Bank of India (SBI), India's largest lender and several other banks have warned their account holders about of fraud cases like online banking fraud, cloning, phishing, UPI fraud and others along with banking tips. On Tuesday, SBI again shared tips of safe banking practices with its customers.
As a caution and safety measure for customers, SBI has also advised the account holders to change the ATM PIN at regular intervals, cover ATM/POS keypad while entering the PIN, memorize the security transaction number rather than writing it down on the card or anywhere else.
India's largest bank the State Bank of India (SBI) has shut down a section of its Local Head Office (LHO) in Kolkata after an employee tested positive for COVID-19. The employee is associated with the Liability Centralised Processing Centre located at the 'E' wing of the LHO.
State Bank of India (SBI), India's largest lender has cautioned its customers about fake income tax refund messages. The bank took to its Twitter handle to alert its customers about the fraud messages.
SBI online banking: State Bank of India (SBI) has asked its customers to follow some important tips while banking online. The Bank sent a mail to its customers titled, 'A letter for your safety' lays out six important tips that customers must follow while banking online.
Banking declared utility service: Employees of all public sector banks including the State Bank of India and some major private banks including HDFC, ICICI, Axis, StanChart and HSBC - who are part of IBA- will come under the ambit. The order effectively means the banking sector will not see any strikes by employees or officers during the period.
State Bank of India (SBI), the country's largest lender, has set a target of disbursing Rs 700 crore to MSMEs in the Mumbai circle by the end of June, to help them tide over liquidity crisis due to the COVID-19 lockdown.
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