New FASTag Design Targets Misuse Of Smaller Vehicle Tags On Larger Vehicles— Details Here | Economy News

New Delhi: The State Bank of India has introduced a new FASTag design which is aimed at addressing the misuse of smaller vehicle tags on larger vehicles to avoid higher toll charges. This updated FASTag is specifically designed for Vehicle Class-4 (VC-04) which encompasses cars, jeeps and vans, as reported by Economic Times. The new […]

ABHISEK RAJPUT

August 31, 2024

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THESE 5 Special FD Schemes With High Interest Rates Are Ending On September 30, SBI FD In The List | Personal Finance News

New Delhi: The deadline for Special Fixed Deposit (FD) Schemes of several banks –State Bank Of India, IDBI and Indian Bank, Punjab and Sindh Bank will come to an end on September 30. Interested senior citizen investors can put their money in the schemes to earn a higher interest rate on FD policies.  Banks had […]

ABHISEK RAJPUT

August 30, 2024

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Rs 175 Crore Fraud In Hyderabad SBI Branch; ‘Mule Accounts’ Used, Main Fraudster Operating From Dubai | Economy News

New Delhi: Two more people, including a bank manager, have been detained by the Telangana Cyber Security Bureau in connection with the Rs 175 crore Hyderabad SBI Branch scam. The Cyber Security Bureau has arrested Upadhya Sandeep Sharma, a gym trainer, and Madhu Babu Gali, the manager of State Bank of India’s Shamshergunj branch for […]

ABHISEK RAJPUT

August 29, 2024

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State Bank of India Raises Rs 7,500 Through Basel III Compliant Tier 2 Bond Issuance | Personal Finance News

New Delhi: The country’s largest public sector lender State Bank of India (SBI) on Wednesday announced that it has raised Rs 7,500 crores at a coupon rate of 7.42% through its first Basel III compliant Tier 2 bond issuance for the current financial year.  The bonds are issued for a tenor of 15 years, with […]

ABHISEK RAJPUT

August 28, 2024

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Decline In Bank Deposits Also Because Of Non-uniform Tax Treatment On Various Investment Options: SBI Report | Economy News

New Delhi: The State Bank of India (SBI) in its latest report has asked for tax reforms after concerns were flagged over the recent decline in bank deposits. The report says tax Reforms for Deposits can accentuate the banking system’s stability and resilience to the next level. SBI attributed the fall in deposits to the […]

ABHISEK RAJPUT

August 19, 2024

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Relief For SBI, PNB As Karnataka Puts Decision To Suspend Transaction On Hold | Personal Finance News

New Delhi: Karnataka government on Friday put on hold a circular directing all government departments to stop transactions with the State Bank of India (SBI) and restrict deposits with the Punjab National Bank (PNB) in the state. “Based on the observations made by the Public Accounts Committee on July 2, 2024, and August 6, 2024, […]

ABHISEK RAJPUT

August 16, 2024

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SBI Hikes Loan Interest Rates By 10 BPS Across All Tenors From THIS Date | Personal Finance News

New Delhi: State Bank of India (SBI), India’s largest state-run bank has announced a hike in loan interest rates by 10 basis points across all tenors. This change, effective from August 15, 2024 will affect the Marginal Cost of Funds Based Lending Rate (MCLR), leading to a slight increase in borrowing costs for SBI customers. […]

ABHISEK RAJPUT

August 15, 2024

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Karnataka Opens Front Against SBI, PNB; Halts Transactions | Personal Finance News

New Delhi: The Karnataka government has taken a significant step by suspending all transactions with the State Bank of India (SBI) and Punjab National Bank (PNB). In an order approved by Chief Minister Siddaramaiah, the state has instructed all departments to close their accounts with these banks and promptly recover their deposits. Opposition-ruled states like […]

ABHISEK RAJPUT

August 14, 2024

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SBI Records Net Profit Of Rs 17,035 Cr With Increase In Operating Profit By 4.55 Pc YoY In Q1FY25 | Personal Finance News

New Delhi: The State Bank of India (SBI) has announced its financial results for the first quarter of the fiscal year 2024-25 (Q1FY25), with a net profit of Rs 17,035 crores for Q1FY25, marking a year-on-year (YoY) growth of 0.89 per cent. The operating profit for the quarter saw a more significant rise, increasing by […]

ABHISEK RAJPUT

August 3, 2024

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Microsoft Outage: SBI Reports Systems Unaffected And Working Smoothly | Personal Finance News

New Delhi: Country’s largest lender State Bank of India (SBI) on Friday said its systems are unaffected by the Microsoft global outage. “We are all fine,” its chairman Dinesh Khara told PTI, when asked about the impact of the global outage. Microsoft users globally, several in India, have reported massive outages in services, with outage […]

ABHISEK RAJPUT

July 19, 2024

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SBI Home Loan Customers Alert! State Bank Hikes MCLR Rates Effective From Today 15 July 2024 | Personal Finance News

New Delhi: India’s largest public sector lender State Bank of India (SBI) has announced its latest marginal cost of funds-based lending rate (MCLR). The SBI MCLR rates are effective from 15 July 2024, according to the SBI website. The MCLR is the lowest interest rate at which a bank can make a loan to a […]

ABHISEK RAJPUT

July 15, 2024

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State Bank of India To Offer Online Loan Against Mutual Funds | Personal Finance News

New Delhi: India’s largest public sector lender State Bank of India has announced that the bank will offer online loan against mutual funds through Online Banking and YONO App. “SBI, the country’s largest lender, is set to digitally empower customers and enhance convenience with the introduction of an online loan facility against mutual fund (MF) […]

ABHISEK RAJPUT

July 11, 2024

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