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ESAF Small Finance Bank launched

ESAF Small Finance Bank launched

ESAF Small Finance Bank, Kerala’s first private sector in micro financing, was launched by Chief Minister Pinarayi Vijayan on Friday. The bank, promoted by ESAF Microfinance and Investments (P) Ltd…

Breach of privilege notice against SBI chief

Breach of privilege notice against SBI chief

The Congress on Friday submitted a breach of privilege notice against SBI chairperson Arundhati Bhattacharya for “insulting farmers and the House” through her remarks on loan waiver. The Leader of…

SBI launches ‘Work from Home’ facility for employees

SBI launches ‘Work from Home’ facility for employees

Country’s largest lender State Bank of India on Tuesday launched a new facility to enable its employees to work from home. The Board of the bank has recently approved the…

SBI to hike minimum balance for savings account

SBI to hike minimum balance for savings account

The State Bank of India (SBI) has decided to increase – by several times – the minimum balance required to maintain a savings account. The monthly average balance (MAB) requirement…

SBI to impose penalty for not maintaining minimum balance

SBI to impose penalty for not maintaining minimum balance

State Bank of India, India’s largest bank, has decided to resume the charge on savings account holders for failing to maintain the monthly average balance in their accounts. The bank…

Banks to levy at least Rs 150 after 4 monthly cash transactions

Banks to levy at least Rs 150 after 4 monthly cash transactions

Some banks, including HDFC Bank, have begun charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month. The new…

RBI sets up panel to review cyber threats

RBI sets up panel to review cyber threats

The Reserve Bank on Tuesday announced setting up of the inter-disciplinary standing committee on cyber security to review the threats inherent in the existing and emerging technology. The 11-member committee…

Can’t share details of govt response on Sharia banking: RBI

Can’t share details of govt response on Sharia banking: RBI

The response given by the Finance Ministry on an RBI report about the introduction of Sharia banking in India cannot be disclosed, the central bank has said. The Reserve Bank…

Five associate banks to merge with SBI from April 1

Five associate banks to merge with SBI from April 1

All the five associates will merge with State Bank of India from April 1, in the largest consolidation exercise in the banking history of India. The assets of State Bank…

Ahead of merger with SBI, associate SBT to raise up to Rs 600 cr

Ahead of merger with SBI, associate SBT to raise up to Rs 600 cr

Ahead of its proposed merger with parent SBI, State Bank of Travancore (SBT) will raise up to Rs 600 crore to shore up additional tier-I capital by issuing Basel compliant…