Tag Archives: SBI

Titan, SBI tie up for contactless payments through watches

Reported by | Updated: September 18, 2020

Titan Company is aligning with State Bank of India to launch India’s first contactless payment watches – Titan Pay, a stylish contemporary watch that enables fast and hassle-free transactions through YONO SBI. SBI account holders can now tap their Titan Pay watches on contactless payment POS machines without the need of swiping or inserting an […]

Ashwani Bhatia is new MD at SBI

Reported by | Updated: August 26, 2020

Ashwani Bhatia is the new Managing Director of State Bank of India (SBI). He would be holding this position up, the fourth MD of the bank along with Dinesh Khara, Arijit Basu, and C.S. Setty. He will be handling IT and Stressed Assets Resolution Group (SARG) of the bank, Bhatia was MD and CEO aet […]

SBI to adopt WFH a norm

Reported by | Updated: July 18, 2020

State Bank of India will adopt work from home (WFH) a norm which will save the company around Rs 1000 crore a year. The bank’s chairman Rajnish Kumar said the bank will adopt a WFA, or work from anywhere strategy, which he said will help the bank cut costs and ensure business continuity in the […]

SBI, Edelweiss partner to help MSMEs

Reported by | Updated: September 10, 2019

Edelweiss Financial Services subsidiary ECL Finance and State Bank of India have signed a co-origination agreement to increase access to credit for MSMEs. The partnership aims to leverage combined reach in tier II and tier III markets to ensure timely disbursal of credit to MSMEs. This collaboration involves the sharing of risks and rewards between […]

SBI is aiming to eliminate use of debit cards

Reported by | Updated: August 20, 2019

State Bank of India would prefer to eliminate debit cards by promoting more digital payment solutions. The bank’s chairman Rajnish Kumar said at the annual FIBAC Conference that it is the bank’s wish to eliminate debit cards and he is sure the bank can do it. The bank at present has a huge number of […]

SBI announces 3rd edition of SBI Green Marathon

Reported by | Updated: July 24, 2019

State Bank of India has announced the 3rd edition of SBI Green Marathon, which will be held in 15 cities across the country pledging for a greener future. The bank said the 3rd edition of SBI Green Marathon, will be a zero waste event and some 100,000 participants are expected to run to spread awareness […]

SBI tie-up with SFAC to provide farm finance

Reported by | Updated: July 22, 2019

State Bank of India has entered into an MoU with Nanaji Deshmukh Krushi Sanjivani Prakalp, a World Bank-aided project on climate resilience, and Small Farmer Agri Business Consortium (SFAC) for financing the Farmer Producer Companies (FPCs) in Maharashtra. Under this tie-up, the Maharashtra government will provide 50% subsidy on project cost with maximum capping of […]

RBI fines SBI, UBI

Reported by | Updated: July 17, 2019

The Reserve Bank of India said it has levied a penalty of Rs 7 crore on State Bank of India. The penalty has been imposed on the bank for non-compliance of income recognition and asset classification norms, code of conduct for opening and operating current accounts and reporting of data on Central Repository of Information […]

SBI waives RTGS, NEFT charges

Reported by | Updated: July 15, 2019

The State Bank of India said it had decided to waive RTGS and NEFT charges for YONO, internet banking and mobile banking customers of the bank from 1 July. The bank will also waive IMPS charges for these customers from 1 August. The bank has more than 6 crore internet banking customers and 1.41 crore […]

SBI organizes countrywide customers’ meet

Reported by | Updated: May 28, 2019

State Bank of India is organizing a countrywide customers’ meet, mainly to understand their grievances and enhance services. The bank’s officials are interacting with over 100,000 customers at over 500 locations through 17 of its local head offices (LHOs). P.K. Gupta, MD (Retail and Digital) of the bank, said the purpose of the meet is […]

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