Tag Archives: State Bank of India
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..
After Demonetization NPA Cross Rs 30,000-Crore Mark
Demonetisation saw bank deposits in Gujarat swell by 22 per cent during the third quarter of the current fiscal, but non-performing assets (NPAs). As per the reports of State Level Bankers’ Committee (SLBC) at end of December 2016, the total deposits in banks of Gujarat stood at Rs 6.31 lakh cr..
SC Reserves Order On Plea Against Vijay Mallya
The Supreme Court on Thursday reserved its order on a plea of a consortium of banks, led by State Bank of India, that $40 million, which liquor baron Vijay Mallya had allegedly transferred to his children, needed to be brought back. A bench of Justice Adarsh Kumar Goel and Justice and U.U. Lalit ..
Railways Tickets Will Be Soon Available At Banks
In a major step towards easing availability of train tickets, the Indian Railways will soon start disbursing tickets of the general class from banks. The railway board had started working on this in August 2016 and the initiative is said to be in its final stages now. The Indian Railways and the ..
ATM Set On Fire In Haryana
Rohtak, Haryana: Unable to rob an ATM, miscreants set the machine on fire in Haryana's Rohtak town on Thursday, police said. The State Bank of India (SBI) ATM in Gandhi Camp area was targetted by robbers, who held the guard hostage and tried to break into the it. "Having failed to take the mon..