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Odisha becomes first state to adopt SHG based financial inclusion model

March 29, 2017

Odisha became the first state in the country to adopt Self Help Groups (SHG) based model for financial inclusion model to extend banking services in the unbanked areas through SGHs. In this regard, state government has inked agreement with the ..

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Jammu and Kashmir has no sovereignty: SC

December 18, 2016

The Supreme Court in a landmark verdict held that Jammu and Kashmir is an integral part of India and did not enjoy sovereign status, either under its constitution or that of India. The apex court made this observation while hearing ..

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SBI becomes first domestic bank to open branch in Yangon, Myanmar

October 4, 2016

India’s largest lender State Bank of India (SBI) has announced the opening up its foreign branch in Yangon, the capital city of Myanmar. With this, SBI became the first domestic bank of India to open a branch in Myanmar. The ..

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JNPT signs ECB Agreement worth $400 Million with SBI and Development Bank of Singapore

August 24, 2016

India’s premier container port, Jawaharlal Nehru Port Trust (JNPT) in Navi Mumbai has signed 400 Million US Dollar agreement with State Bank of India (SBI) and Development Bank of Singapore (DBS) for External Commercial Borrowing (ECB). The agreement was signed ..

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SBI board approves merger of 5 associate banks, BMB with itself

August 19, 2016

The State Bank of India’s (SBI’s) board of directors has approved merger of its five associate banks and Bharatiya Mahila Bank (BMB) with itself. These five subsidiaries are State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of ..

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Dinesh Kumar Khara appointed as Managing Director of SBI

August 10, 2016

Dinesh Kumar Khara was appointed Managing Director (MD) of State Bank of India (SBI), India’s largest lender. His appointment was confirmed by the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi. He has been appointed for ..

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