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RBI to Divest its Entire Stake in NABARD and NHB
The Reserve Bank of India (RBI) has sold its entire stakes in the National Bank for Agriculture & Rural Development (NABARD) and National Housing Bank (NHB) for Rs 20 crore and Rs 1,450 crore respectively. Disinvestment by RBI The decision to ..
Month: Current Affairs - April, 2019
SBI inked a pact with Bank of China
State Bank of India has inked an agreement with Bank of China to intensify business interactions between both the lenders. Under this pact, both SBI and Bank of China will gain direct access to their respective markets of operation. It ..
SBI launches cardless ATM withdrawal with YONO Cash
India’s largest Bank State Bank of India (SBI) has announced the launch of YONO Cash through which customers can withdraw money from ATMs without using a card. How does the Cardless Cash Withdrawal work? This Cardless Cash Withdrawal process works ..
Month: Current Affairs - March, 2019
SBI Ecowrap Report recommends Unconditional Cash Transfer to Farmers
The SBI Ecowrap report recommends the government to opt for the unconditional cash transfer to farmers to alleviate agrarian distress rather than Universal Basic Income (UBI) scheme. Why does the SBI report recommend unconditional cash transfer? The report has recommended ..
Month: Current Affairs - January, 2019
SBI to issue and encash electoral bonds soon
The GoI has notified the sale of electoral bond by SBI through its 29 authorized branches from 1.11.2018 to 10.11.2018. 29. These SBI branches are in cities like New Delhi, Gandhinagar, Chandigarh, Bengaluru, Bhopal, Mumbai, Jaipur, Lucknow, Chennai, Kolkata and ..
Month: Current Affairs - October, 2018
MOPAD: SBI launches unified payment terminal
India’s largest bank State Bank of India (SBI) has launched its Multi Option Payment Acceptance Device (MOPAD) for digital payments convenience of merchants and consumers. It aims at providing digital convenience to customers and ease of doing business for merchants ..