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SBI bank News

Explained: How SBI rate cuts will impact your savings, FDs, and home loans

The interest you earn from FDs and savings bank deposits will come down. New home loans will be cheaper, but existing home loan rates will not change immediately. The bank wants people to borrow more, and spend more.

SBI plans tapping Singapore SME businesses

Singapore SMEs accounts for 65% of employment and contributed SGD 196.8 billion or 49 percent to the economy in 2017, according to the Department of Statistics here.


SBI Bank's unprotected server leaked account data of millions of users, claims report

The server that was exposed was that of SBI Quick, which is the bank's SMS service that lets its users request for their account balance, last five transactions, loan queries, etc via a text message.

SBI raises deposit rates by up to 10 bps

The new rates ranging from 5 to 10 bps are applicable for deposits below Rs 1 crore and are effective immediately, the bank said on its website.

Increase tax exemption limit to three lakh rupees, says SBI report

"As per our reading of the things, budget should give priority to agriculture, MSME, infrastructure and affordable housing," the report said.

SBI cuts base rate by 30 bps; home loan fee waived till March

Move to help reduce EMI burden of over 80 lakh existing customers.


SBI chief says rating upgrade a thumbs to reforms, foreign funds to get cheaper

Earlier in the day, American rating agency Moody's raised sovereign rating of the country by a notch to Baa2 with stable outlook.

SBI special cadre officer recruitment exam admit card 2017 released at

SBI special cadre officer recruitment exam admit card 2017: The application process for the same began on September 15 and carried on till October 9. There are a total of 41 vacancies.

Non-Performing Assets, profitability top priorities: Rajnish Kumar

"Resolving stressed assets is the top priority of the (SBI) bank. Bad loans need to be resolved on an urgent basis as it will help in reviving the economy," said Rajnish Kumar, the chairman-designate of State Bank of India.

SBI chief's salary zilch compared to counterparts in private banks

Not only such high disparity in compensation makes it difficult for the government to hire top managers laterally at public sector banks, as pointed out by Rajan, it also impacts the motivation of public sector managers who have to fiercely compete with their private sector peers.