Free Press Journal
  • SBI net banking services on accounts without registered mobile numbers to be blocked

    Mumbai: The State Bank of India has asked its customers using its internet banking services to register their mobile numbers with the bank by December 1, 2018. Failing to comply will lead to net banking services being blocked on the SBI bank accounts without registered mobile numbers. In a notice on its website www.onlinesbi.com, the biggest lender in India alerted its clientele to register their mobile numbers with their home branch to continue

  • SBI to buy Rs 45,000 crore NBFC assets to ease liquidity crisis

    New Delhi: State Bank of India (SBI) said on Tuesday it will buy good quality assets worth Rs 45,000 crore from NBFCs that are facing liquidity crunch triggered by a series of debt repayment defaults by financial conglomerate IL&FS and its subsidiaries. SBI, which earlier planned to purchase assets worth Rs 15,000 crore, has decided to buy additional assets of up to Rs 30,000 crore.”This is a good commercial opportunity for the

  • OP Bhatt, TS Vijayan to join panel to hunt for Yes Bank chief

    Mumbai: Former chairman of insurance watchdog Irdai, TS Vijayan, and retired SBI chief OP Bhatt will be part of the panel which will choose Yes Bank’s CEO after Rana Kapoor’s exit. The five-member panel will also consist of board members Brahm Dutt, Lt Gen (Retd) Mukesh Sabharwal and SC Kalia, the bank said. Vijayan and Bhatt will be the external experts on the panel, which had to be specially constituted after the RBI

  • SBI slashes ATM withdrawal limit for certain card holders from October 31

    New Delhi: The country’s largest lender SBI will limit cash withdrawals from ATMs to Rs 20,000 per day for certain card holders from October 31, according to a communication. The limit will be applicable on the Classic and Maestro variants of SBI debit cards, while those who want to withdraw more can apply for a higher variant card. “Daily cash withdrawal limit for Classic and Maestro debit cards has been reduced from Rs 40,000

  • Stocks snap 5-day losing streak

    Mumbai : Market benchmark Sensex on Tuesday bounced back by 347 points to end its five-day losing streak helped by a recovery in banking, pharma and FMCG stocks. The 30-share index closed at 36,652.06, up by 347.04 points or 0.96 per cent in a volatile trade.

  • IL&FS under regulatory scanner

    New Delhi : Crisis-ridden infrastructure conglomerate IL&FS group, once hailed as a pioneer of public-private partnership, has come under the scanner of multiple regulators, including Sebi, for alleged defaults related to financial disclosures and corporate governance, officials said.

  • Kerala floods: SBI, staff donate Rs 10 crore to CM relief fund

    Jaya Prada, the premiere of whose maiden fiction TV show “Perfect Pati” will clash with that of the new season of Amitabh Bachchan’s “Kaun Banega Crorepati” on Monday, says she would love to work with the megastar again if there’s an opportunity and a suitable role.

  • Admit card

    SBI PO interview admit card released, check at sbi.co.in

    The State Bank of India (SBI) has released the admit card for interview examination of SBI PO. The examination is scheduled to begin from September 24 and continue till October 12. The candidates who will appear for the examination can download their admit cards from SBI’s official website sbi.co.in/careers. The career section of SBI had released the SBI PO Prelims results and SBI PO Main results recently.

  • SBI expects Q1 GDP growth at 7.7 pc

    New Delhi: The country’s GDP is expected to grow by 7.7 per cent in the April-June quarter on the back of pick up in leading indicators like cement production, sale of vehicles and bank credit, a report by SBI said. SBI has based its assessment on its Composite Leading Indicator (CLI), which takes into account 18 major macro-economic indicators. “The CLI is signalling that the economic activity for Q1 FY19 has picked up

  • SBI to sell NPAs worth Rs 2,490 cr

    New Delhi : SBI will sell two non-performing assets (NPAs) worth about Rs 2,490 crore and has invited bids for them. In terms of the bank’s revised policy on sale of financial assets in line with the regulatory guidelines, “we place these accounts for sale to ARCs/banks/  NBFCs /FIs”, State Bank of India said in the bid documents.

  • SBI posts Rs 4,876-cr loss as provisions rise

    Mumbai : The country’s largest bank State Bank of India (SBI) on Friday reported a net loss of Rs 4,876 crore for the June quarter hurt by higher provisions on account of wage revisions, treasury losses along with enhanced gratuity ceilings, even as the bank reported improvement in overall asset quality.

  • SBI to sell 4% stake in insurance JV

    Mumbai: The State Bank of India will start the process of selling up to 4 per cent of its stake in joint venture SBI General Insurance Co, which is planning an initial public offering.

  • SBI launches digital transaction initiative MOPAD

    New Delhi: As part of its effort to promote online transaction, State Bank of India (SBI) today launched one more digital initiative called MOPAD (Multi Option Payment Acceptance Device).

  • SBI, Jio extends partnership to digital payments area

    Mumbai: State Bank and Reliance Jio, which are partners in a payment bank venture, today extended the same to the digital payments space that will help ramp up the nation’s largest lender’s digital customer base multi-fold. SBI and Jio has a joint venture for payment bank- Jio Payments Bank, wherein Jio holds 70 per cent and the balance is with SBI. But the JV is yet to operationalise despite getting the licences

  • SBI Clerk Main Exam 2018: SBI likely to release admit cards today, download at sbi.co.in

    The State Bank of India (SBI) is likely release the admit card for the SBI Clerk Main Exam 2018 today (August 1). The candidates who have applied for the examination can download their admit cards from the bank’s official website sbi.co.in. According to Hindustan Times, the SBI clerk main exam is tentatively scheduled for August 5.

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