At least Rs 8 crore were deposited in old notes in these accounts
Since April 1, 2016, the banks have reduced their MCLR by around 60-125 bps
Not maintaining MAB will invite penalty ranging from Rs 20 (rural branches) to Rs 100 (metro cities)
The monogram has been refined for greater clarity and ease of use
Merged entity will have deposit base of more than Rs 26 lakh crore
Charges will also apply to customers of 5 erstwhile associates and Bharatiya Mahila Bank
Branch rationalisation consequent to the merger would be spread over in FY18
The Reg S bond programme has been sold through its London branch and is priced at Libor plus 95 bps
Minister said number of zero balance Jan Dhan accounts was 6.32 cr as on Dec 28, 2016
However, SBI MD Rajnish Kumar ruled out any lay-offs
Executive committee of central board accorded in-principle approval for IPO of shares, says SBI
The bank's market share will shoot up to 23 per cent from the current 17 per cent
Available for those who put in 20 years of service or completed 55 years of age as on Feb 28, 2017
This, to ensure greater banking outreach to women
SBI is India's largest bank with assets of Rs 30.72 lakh crore
Union Cabinet has already given in-principle approval to the merger of BMB with State Bank of India
Unions say it might be difficult for them to stop this move after merger
Opposition Congress and Nationalist Congress Party legislators on Thursday stormed the State Bank of India's corporate office at the Nariman Point demanding an apology from SBI chairperson Arundhati Bhattacharya for her statement that crop loan waiver disrupts credit discipline among borrowers as they expect future loans to be waived as well. Agitated Congress and NCP legislators led by the leader of opposition in the state assembly Radhakrishna Vikhe-Patil shouted slogans for over half an hour and threatened to table privilege motion in the state legislature. Opposition members left the SBI office after learnt that Ms Bhattacharya is out of Mumbai. Opposition's move comes at a time when they are stepping up their demand for crop loan waiver in and outside the state legislature during the ongoing budget session. The ruling BJP has been isolated as its partner Shiv Sena also joined the opposition on this issue.Opposition members took strong objection against SBI chairperson's view ...
BJP had promised to bring in a loan waiver scheme for farmers in the state, if it's voted to power
SBI executive said nod from the board is an enabling provision