Page 96 - Sbi

SBI to raise its stake to 74% in SBI Cards, GE Capital's arm

At present, SBI holds 60% stake in SBI Cards and Payments and will acquire another 14% stake

SBI approves plan to raise up to Rs 15,000 cr in capital

SBI also decided to inject Rs 1,160 cr into two credit card joint ventures companies

SBI floats one-time settlement scheme for tractor loans

Warns about adverse fallout from farm-loan wavier ABHIJIT LELEAs a step to clean up books State Bank of India hasfloated a one-time settlement scheme (OTS) for borrowers who are defaulting on loansavailed to buy tractors. Country's largest lender also voiced reservations on move waiveoff farm loans as it will adversely affect payment culture in the country. SBI executives said tractor credit book is part ofagriculture loan portfolio. Bank does float OTS on regular basis to get rid ofold loans (NPA) where the prospects for recovery are low. Bank has madeadequate provision for such dud assets in line with regulatory norms. OTS for tractor loans began early last month and willcontinue till end of this month (March 31 2017). SBI will take a haircut of 40per cent for loans. The scheme is open for loans which were disbursed beforeSeptember 30 2011 and have upto Rs 25 lakh in outstanding by end September2016, SBI managing director Rajnish Kumar said. The status of account has to be ...

SBI forms subsidiary to manage group's real estate

Real estate is non-core function at SBI; a separate arm will help officials focus on core banking

SBI PO prelims result announced

Admit card for main exam, to be held on July 31, 2016, will be out soon

Minimum balance levy to cut burden of Jan-Dhan a/cs: SBI

Failure to maintain Monthly Average Balance will attract penalty of up to Rs 100 plus service tax

Now, you can work from home with SBI

Country's largest lender State Bank of India today launched a new facility to enable its employees to work from home. The Board of the bank has recently approved the 'Work from Home' policy to enable its employees to work while at home using mobile devices to address any urgent requirement they may have, that prevents their travelling to work. The lender will be using mobile computing technologies and shall have continuous control over all the enabled devices centrally to manage and secure the data and applications on the mobile devices, the bank said in a statement here today. The use of technology and services shall be monitored through carefully designed MIS and dashboard to enable improvements and refinements, it said. The bank said going forward cross-sell, marketing, CRM, social media management, settlement & reconciliation, complaints management applications will also be enabled to make the work from home services comprehensive and increase the employee productivity ...

Govt asks SBI to reconsider minimum balance penalty

Also asked to reconsider levying charges on cash transactions, ATM withdrawals over specified limits

SBI to hike minimum balance for savings account

It will hit 31 crore depositors including pensioners and students

Keep minimum balance in SBI accounts or pay levy

Banks have also reintroduced a levy beyond 4-5 free cash transactions at branches to cover costs

After 5 yrs, SBI to charge for breach of minimum balance from April

The charges and MAB varies according to the location of bank

SBI to charge for breaching monthly average balance in saving accounts

Penalty back after 4 years; max levy: Rs 100 plus service tax; bank to cut interest on certain FDs

SBI to relocate 1,600 branches

Branch relocations will be governed by business potential and govt's financial inclusion agenda

Banks need incentives to clean up bad loans: SBI

Bank adds the sector is prepared for the worst

Five associate banks to merge with SBI from April 1

SBI is expected to become a lender of global proportions with an asset base of over $555 billion

SBI says no fake note likely from its ATMs, branches

SBI said that ATM in question has reportedly been sealed by Delhi Police for further investigation

SBI chief moots dedicated spectrum for financial transactions

Arundhati Bhattacharya called for better telecom infra to drive digital payments agenda of govt

SBI rebrands its corporate website as 'bank.sbi'

The existing web address will remain active till customers become familiar with new address

5 armed motorcycle-borne miscreants loot Rs 40 lakh from SBI bank

The incident took place when the miscreants barged into Chaandan branch of the bank and attacked the officials

Stay put in SBI, associates: Analysts

There could still be a price arbitrage as the merger date has not been made clear yet