SBI: GK, Current Affairs, Questions, Trivia and News

SBI to waive penalty for non-maintenance of AMB for all savings accounts

The Largest lender of India, State Bank of India (SBI) recently announced that the penalty charges for non-maintenance of average monthly balance (AMB) for all its savings bank accounts are to be waived. At present, the customers shall have to maintain average monthly balance of ₹3000, ₹2000 and ₹1000 in metro, semi urban and rural areas respectively. The ..

Chalasani Venkat Nageswar appointed as Deputy managing director and CFO of SBI

State Bank of India recently announced that Chalasani Venkat Nageswar has been given additional charge of Deputy managing director and Chief financial officer (CFO) of the bank. He is presently serving as the Deputy Managing Director (International Banking Group) has been given additional charges. SBI also recently said that it will invest ₹2,450 crore now, ..

SBI signs MoU with Realme under e-DFS

State Bank of India (SBI) recently partnered with the mobile phone manufacturer Realme, to offer credit facilities. The partnership is made under the bank’s electronic lending product- Electronic Dealer Financing Scheme (e-DFS). Under this MoU, the dealers and distributors of Realme would get access to credit facilities at low interest rates and minimum collateral. The inventory ..

MoU for Doorstep Banking signed between SCR and SBI

The South Central Railways (SCR) zone of the Indian Railways has signed a Memorandum of Understanding (MoU) and State Bank of India(SBI) for providing doorstep banking services in 585 Railway Stations of the South Central Railway Zone. According to the signed MoU, SBI will be providing direct pickup of cash facility from the 585 Railway ..

Approvals made by CCI on 13th December 2019

The Competition Commission of India was established on 14th October 2003 under the Competition Act 2002. The Competition Act 2002 was passed by the parliament to prevent activities that may lead to an appreciable adverse effect on competition between companies, Industries in India. Following approvals were made by the competition commission of India on Friday, ..

NTPC signs term loan of Rs 5000 crore with SBI

The largest power company of India, National Thermal Power Corporation (NTPC) Limited has signed a term loan agreement of Rs 5000 crore with the country’s largest lender, the State Bank of India(SBI). The loan will be utilized to part finance the capital expenditure of NTPC and has a door to door tenure of 15 years. ..

U GRO ink loan co-origination agreement with SBI

U GRO Capital has entered into a Small and Medium Enterprises (SME) loan co-origination agreement with the country’s largest lender State Bank of India (SBI) to increase loan disbursal and to maximize the credit outreach. GRO-Xstream is an indigenously developed proprietary technology platform of U GRO capital that will provide in-principle loan approval within 60 ..

To promote Digital Payment, SBI plans to eliminate Debit Cards

To provide a flip to the government’s vision to increase digital payments in India, the largest bank in India, the State Bank of India (SBI) plans to eliminate plastic debit cards. What is happening? As per the chairman of SBI, the SBI plans to eliminate the debit cards to provide an impetus for its customers ..