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RBI keeps repo rate unchanged at 6.25%

RBI keeps repo rate unchanged at 6.25%

The Reserve Bank of India kept its repo rate unchanged at 6.25 percent for a third consecutive policy meeting on Thursday as it continues to guard against any potential flare-up…

SBI hikes minimum balance for savings a/c, other charges

SBI hikes minimum balance for savings a/c, other charges

SBI has started charging more from its millions of account holders, including those of the 6 lenders merged with it this month, for not maintaining minimum balance as well as…

2,800 employees of SBI’s associate banks opt for VRS

2,800 employees of SBI’s associate banks opt for VRS

Only 2,800 employees of five associate entities of State Bank of India have so far applied for voluntary retirement scheme (VRS) out of more than 12,000 who are eligible for…

State Bank of Travancore to bid adieu on Saturday

State Bank of Travancore to bid adieu on Saturday

Seventy two years after coming into being in Kerala, the curtains will come down on the State Bank of Travancore (SBT) on Saturday following its merger with parent State Bank…

SBI to raise stake in SBI Card to 74% by June-end

SBI to raise stake in SBI Card to 74% by June-end

The country’s largest lender State Bank of India (SBI) said it will increase its stake in SBI Card to 74 per cent by end of June. “Stake will be increased…

RBI puts 4 public sector banks under watch on asset quality concerns

RBI puts 4 public sector banks under watch on asset quality concerns

The Reserve Bank of India (RBI) has put four public sector lenders, including IDBI Bank and Indian Overseas Bank, under watch and advised them to stay off risky assets so…

Bharatiya Mahila Bank to merge with SBI

Bharatiya Mahila Bank to merge with SBI

The government on Monday said it has decided to merge the Bharatiya Mahila Bank (BMB) with the State Bank of India (SBI) to ensure greater banking services outreach to more…

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…