Tag Archives: State Bank of India
Penalty From Accounts To Partly Fund Aadhaar Linkage Costs: SB
State Bank of India (SBI) expects to collect Rs 2,000 crore as a penalty on savings bank accounts which have failed to maintain a minimum balance, a sum which may be used to partly cover the costs incurred on the linking of accounts with Aadhaar. The recent directive of the government to link all..
Strike Hits Bank Services In NCR
Banking services in the national capital region (NCR) were affected on Tuesday as lakhs of bank staff began their one-day pan-India strike against reforms in the banking sector, an official said. An official of the United Forum of Bank Unions (UFBU) -- the umbrella body of nine unions which..
Banking Strike: Commercial Operations In Maharashtra Paralysed
Over 150,000 bank employees in Maharashtra joined the nationwide banking strike, paralyzing all financial operations in the country's commercial capital, to demand redressal of various pending demands, a union official said here on Tuesday. The strike has hit all the 42,000 branches of 21 public ..
SBI’s Paid-Up Share Capital Rises To Rs 863 Crore
Lending major State Bank of India (SBI) on Monday said that its paid-up capital has increased to Rs 863.20 crore after its recent share placement through QIP. "Pursuant to the allotment of equity shares in the issue, the paid-up equity share capital of the bank stands increased from Rs 810,98,57,..
Basic Expenses Of Merger Will Be Behind Us, Expects SBI Chairman
India's largest public sector lender State Bank of India (SBI), which posted a net profit of Rs 2,815 crore in the last quarter of 2016-17, expects the basic expenses of merger of its associates with it would be behind now, its Chairman Arundhati Bhattacharya said here on Friday. "In respect to m..
SBI Net Profit Up 122.72% In Q4
Kolkata: India's largest public sector State Bank of India on Friday reported a 122.72 per cent increase in its net profit to Rs 2,815 crore in the last quarter of 2016-17 fiscal ended March 31. The SBI's net profit was Rs 1,264 crore in the same period in 2016. The bank's total income in the ..
Outrage In Kerala As SBI Levies Charges On ATM Withdrawals
A public outcry erupted in Kerala after the State Bank of India (SBI) announced that charges would be levied on all cash withdrawals from its ATMs from June onward. The bank's new order states that every time a SBI customer withdraws cash from an ATM a charge of Rs 25 would be levied and charges ..
Gujarat: Retired SBI Clerk Donates Rs 1 Crore for Defence Fund
After Bollywood stars and cricketers, an 84 year old retired bank employee has donated his savings to National Defence Funds. Janardan Bhatt who hails from Gujarat’s Bhavnagar has donated a hefty amount of Rs 1 Crore for the welfare of Indian solider’s families. According to reports, the ..
‘Post-Merger With Associate Banks, SBI Opens As One Bank’
Post-merger of five associate banks, the State Bank of India opened as one bank with 500 million customers and started normal operations from Monday, SBI Chairperson Arundhati Bhattacharya announced here. The associate banks which merged with the SBI are State Bank of Patiala, Sta..
SBI May Reduce Workforce by Nearly 10% by 2019, says MD Rajnish Kumar
The total workforce of the country's largest lender -- State Bank of India (SBI) -- will see a reduction over the next two years, after the merger with six entities, owing to attrition, reduced hiring and digitisation, a top official said. "Manpower will go down with the period of time. Around 1..