Thursday, October 3, 2019, 11:16 AM
Public sector lenders State Bank of India (SBI) and Bank of Baroda (BoB) have limited the cash withdrawals of customers using micro-ATMs of other banks to just four times a month, in what could cause transactions undertaken through the Aadhaar-enabled Payment System(AePS) route to fall significantly. While BoB is allowing customers to do four transactions a day, SBI has limited it to just one.
Thursday, September 26, 2019, 7:56 PM
E-commerce marketplace Snapdeal has partnered with NPCI's RuPay to offer discounts to its debit and credit-card users in the upcoming festive-season, in a bid to cash on the growing popularity of the homegrown-payment-gateway. This partnership-offers RuPay's nearly 600-million users an instant 20% discount when they use their debit or credit-cards to buy on Snapdeal in the coming festive-season, e-commerce platform said in a statement.
Tuesday, September 24, 2019, 3:31 PM
The State Bank of India (SBI) has launched its digital banking app Yono for customers of SBI (UK) Limited. It was launched by SBI chairman Rajnish Kumar at an event hosted in coordination with the UK India Business Council (UKIBC). With the launch of Yono SBI UK, SBI has now gone global.
Tuesday, September 24, 2019, 10:50 AM
SBI, the country's largest lender, has decided to adopt RBI's repo rate as the external benchmark for all floating rate loans for MSME, home and retail loans effective October 1, 2019. RBI had earlier asked banks to link all new floating rate personal or retail loans(home, auto, etc.) and floating rate loans to Micro and Small Enterprises to external benchmarks from October 01, 2019.
Monday, September 23, 2019, 7:59 PM
SBI, the country's largest lender, has decided to adopt RBI's repo rate as the external benchmark for all floating rate loans for MSME, home and retail loans effective October-1, 2019. RBI had earlier asked banks to link all new floating rate personal or retail loans (home, auto, etc.) and floating rate loans to Micro and Small Enterprises to external benchmarks from October-1, 2019.
Monday, September 23, 2019, 11:07 AM
The SBI said on Monday it will use the repo rate as the external benchmark for its floating rate loans for MSME, housing and retail loans. According to a press release issued by the bank, this will come into effect from October 1. The decision has come after the RBI mandated all banks to link their floating rate loans to an external benchmark.
Thursday, September 19, 2019, 3:27 PM
The country's largest lender, SBI, has withdrawn the repo-rate linked home loan scheme that it launched in July. The lender stated this on its official Twitter handle where it was responding to a customer's query on migrating to the repo-rate linked home loan scheme. Further, the bank removed details of the repo-rate linked loan scheme from its website about a week ago.
Thursday, September 12, 2019, 4:28 PM
The State Bank of India will revise service charges for deposits and withdrawal on October 1 which will encompass cash withdrawal, average monthly balance, deposits and withdrawals and will affect scores of customers in many ways. On maintenance of average monthly balance (AMB), starting October 1, SBI has reduced the minimum average monthly balance requirement for urban centers from Rs 5,000 to Rs 3,000.
Monday, September 9, 2019, 11:39 AM
Good news for borrowers as the State Bank of India (SBI) announced early Monday morning that has reduced MCLR (marginal cost of lending rate) on loans across all tenors. In a press release, the public sector lender stated that it will reduce interest rates by 10 basis points (bps) across all tenors with effect from tomorrow, i.e., September 10. (1 basis point = 0.01%).
Saturday, September 7, 2019, 11:52 AM
NCLT gave a restraining order to SBI for selling, as well as advertising to sell the overseas assets of Videocon. "The SBI is hereby prohibited to go ahead with the advertisement and directed to maintain the status-quo till the decision is pronounced on merits", said NCLT. If SBI is allowed to execute the sale as advertised, the Videocon group may suffer an irreparable loss.
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