Tag Archives: State Bank of India

SBI may cut minimum balance requirement

Reported by | Updated: January 5, 2018

State Bank of India may review its minimum balance requirement for savings bank accounts. The minimum balance that urban customers are required to maintain now is Rs 3000. The bank is also changing the requirement from monthly average balance to quarterly average balance. The move follows reports that the bank made Rs 1,772 crore in […]

SBI plans to list 2 of its RRBs

Reported by | Updated: September 14, 2017

State Bank of India is proposing to list two of the 18 regional rural banks (RRBs) it sponsors. It has aligned with NABARD to finalize a proposal, which also includes merger of 5 RRBs in the north east and create one RRB. According to Dinesh Khara, MD, Associate Subsidiaries at SBI, the plan is to […]

SBI clarifies on fee for ATM withdrawals

Reported by | Updated: May 12, 2017

State Bank of India said it is not levying any fee for use of ATMs by its customers. It said the charge of Rs 25 it is levying is only for withdrawals from State Bank Buddy through ATMs. A statement issued by the bank, following criticism of its proposed action, said Rs 25 per transaction […]