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A closed branch of SBI as bank employees went on a nationwide strike in Surat. (Photo: PTI)

SBI Life's $1.3 billion IPO draws strong demand

Ahead of SBI Life's IPO, companies have raised $4.4 billion from IPO sales so far in 2017.

23 Sep 2017 5:05 AM GMT

Digital payments by mobile wallets bring in convenience with a few clicks, tendering exact change, and so on.

SBI, Reliance Jio extend deal to digital payments

SBI and Jio has a joint venture for payment bank- Jio Payments Bank, wherein Jio holds 70 per cent and the balance is...

2 Aug 2018 8:20 PM GMT

The Centre also stressed that no public sector banks had given any instructions to their officials to deposit Re 1 or 2 to avoid zero balance in Jan Dhan accounts. (Photo: Representational Image/PTI)

Banking for all hit as 1 crore Jan Dhan accounts frozen

Banks cite a 'no transaction' activity in large number of these accounts as reason for their action.

29 March 2017 11:38 AM GMT

SBI chief Arundhati Bhattacharya

SBI spent Rs 775 cr in maintaining Jan Dhan accounts

MoS Finance says number of zero balance Jan Dhan accounts was 5.93 crore as on November 9, 2016.

28 March 2017 10:20 AM GMT

A closed branch of SBI as bank employees went on a nationwide strike in Surat. (Photo: PTI)

SBI may cut 10 pc jobs after merger with sister banks

At present country's largest lender employees 207,000 workforce, a number likely to go up on merger.

28 March 2017 9:08 AM GMT

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

SBI sees Rs 27,420-cr hit on UP farm loan waiver

BJP had in its UP election manifesto promised to waive farmers' loans if elected to power.

20 March 2017 12:10 PM GMT

State Bank chairperson Arundhati Bhattacharya

Breach of privilege notice against SBI chief

Bhattacjarya had recently said that farm loan waivers upset credit discipline.

17 March 2017 12:14 PM GMT

A closed branch of SBI as bank employees went on a nationwide strike in Surat. (Photo: PTI)

SBI asks 100 Snapdeal sellers to cut outstanding loans

Advisory comes after AIOVA writes to Nirmala Sitharaman, raising fears that Snapdeal may default on payments to sellers.

22 March 2017 12:39 PM GMT

Business tycoon Vijay Mallya

Banks urge SC to force Mallya to deposit $40 mn

A group of 17 public sector banks has alleged Mallya illegaly transfered Diageo deal money outside country.

3 March 2017 11:46 AM GMT

State Bank chairperson Arundhati Bhattacharya

Banks need faster telecom services: SBI chief

She says biggest problem banks faced during noteban drive was insufficient quantum of spectrum.

22 Feb 2017 6:11 AM GMT

SBI chief Arundhati Bhattacharya

SBI absorbs associate banks, goes global

Total customer base of bank will reach 37 crores with a branch network of around 24,000 and nearly 59,000 ATMs.

1 April 2017 10:27 AM GMT

SBI chairperson Arundhati Bhattacharya

SBI says maintain Rs 5,000 balance or pay penalty

Customers of urban and semi-urban branches required to keep Rs 3,000 and Rs 2,000 balance respectively.

1 April 2017 7:43 AM GMT