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sbi

News Reports

Govt grants approval to NGOs to open SBI account for receiving foreign contributions, to get letter of commitment from donor about purpose of donation

OpIndia Staff -
The Union government emphasised that the time period for verification and application for bank accounts must be cleared within 1 week from the date of removal of all objections (if any)
News Reports

Frustrated at not getting a bank job, teenager sets up his own fake SBI branch in Tamil Nadu, three arrested

OpIndia Staff -
The Panruti Police in Cuddalore district of Tamil Nadu have arrested three persons, including the son of former bank employees, for cheating customers by running a fake branch of the State Bank of India in the locality.
News Reports

Madhya Pradesh: SBI assigns same account number to men with same names, one deposited while other withdrew thinking PM Modi sent him money

OpIndia Staff -
A delighted Hukum Singh thought that it was the work of Prime Minister Modi, who deposited money to his account regularly.
News Reports

State Bank of India to waive loans of martyrs of Pulwama attack, expedite insurance payment

OpIndia Staff -
State Bank of India takes steps to provide respite to families of martyrs.
Editor's picks

Deccan Aviation owner GR Gopinath in CBI’s radar for his alleged role in Mallya loan fraud case

OpIndia Staff -
Gopinath joined the board of Kingfisher Airlines after selling Air Deccan to Mallya in 2007
Economy and Finance

SBI data breach: Bank forgets to password secure its server, ends up compromising customer details

OpIndia Staff -
State Bank of India (SBI) forgot to secure its server hosting sensitive information which resulted in a severe data breach
Economy and Finance

GST resulted in 5 times increased lending to small businesses- SBI report

OpIndia Staff -
The SBI report dismissed the concerns over credit supply to MSMEs as "myth", said that the sector witnessed stupendous loan growth post GST.
Government and Policy

SBI reaps profit as 32 per cent of total 300 million people open accounts with them under Jan Dhan Yojana

OpIndia Staff -
Jan Dhan Yojana is India’s mission for financial inclusion, launched by PM Modi in August 2014
Economy and Finance

SBI registers a profit for the first time after 3 quarters, improves asset quality as well

OpIndia Staff -
Slippage ratio has dropped to 2% as well, which is the lowest in 6 quarters.
Government and Policy

Modi using nationalism to promote RuPay, hurting business: Mastercard complains to US authorities

OpIndia Staff -
More than half of India’s 1 billion debit and credit cards now go through the RuPay payment system
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