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SBI inks MoU with IIT Bombay to promote startups in financial sector

July 12, 2016

The State Bank of India (SBI) has signed a memorandum of understanding (MoU) with the Society for Innovation and Entrepreneurship (SINE) at IIT Bombay to promote innovation by start-ups in the financial sector. The SINE is IIT Bombay’s technology business ..

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SBI launches SBI Mingle, a social media banking platform

July 6, 2016

India’s largest lender State Bank of India (SBI) recently had launched SBI Mingle, a social media banking platform for Facebook and Twitter users. It was launched by SBI Chairman Arundhati Bhattacharya, on the occasion of 61st State Bank Day (observed ..

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SBI secures $625 million from World Bank for solar programm

July 4, 2016

India’s largest lender State Bank of India (SBI) has signed an agreement worth 4,200 crore rupees ($625 million) with the World Bank to support its grid connected rooftop solar photovoltaic (GRPV) programme. The programme also aims at improving the investment ..

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RIL, SBI ink Subscription and Shareholders' Agreement for payments bank JV

July 2, 2016

Telecom-to-energy conglomerate Reliance Industries (RIL) and India’s largest lender State Bank of India (SBI) have signed Subscription and Shareholders’ Agreement to set up payments bank. As per the agreement, RIL will be the promoter with a 70 per cent equity ..

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SBI launches IT Innovation Start-up Fund to assist start-ups

June 19, 2016

India’s largest lender State Bank of India (SBI) has launched IT Innovation Start-up Fund to support start-ups in the financial technology (fintech) space. The fund has corpus of 200 crore rupees. It will provide assistance of up to 3 crore ..

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Union Cabinet approves merger of 5 associate banks with SBI

June 16, 2016

The Union Cabinet has approved merger of country’s largest lender State Bank of India (SBI) and its associate banks in order to bring the state-owned entity on a par with global lenders. 5 associate banks of SBI are: (i) State ..

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